Post Tagged with: "leasing"

Less Regulation Prompts Startups to Offer Leases Versus Loans

Less Regulation Prompts Startups to Offer Leases Versus Loans

by March 22, 2017 at 11:24 am

New entrant powersport financiers are more interested in leasing, versus traditional financing, thanks to fewer regulatory requirements. Startup CycleOne Financial, for example, was initially drawn to the leasing platform because “it works easier for us in terms of repossessions and structuring the contract,” President Logan Riley told Powersports Finance. “With leasing,Read More

Startup Powersports Lessor Seeks Series A Funding

Startup Powersports Lessor Seeks Series A Funding

by March 20, 2017 at 12:06 pm

CycleOne Financial is seeking an undisclosed amount of funding for the company’s first Series A round, President Logan Riley told Powersports Finance. The Orlando, Fla.-based powersports lessor launched in April 2015, and has raised $4 million in seed funding to-date, Riley said. CycleOne’s first seed round garnered the company $1Read More

MotoLease Pursues Partnership With Training Association to Educate Millennials

MotoLease Pursues Partnership With Training Association to Educate Millennials

by March 10, 2017 at 1:08 pm

MotoLease LLC is chasing a partnership with a national training association to provide risk advising and motorcycle safety classes for younger buyers, Managing Partner Emre Ucer told Powersports Finance. “That audience is one of our sweet spots, and a large part of our portfolio is thin-file,” Ucer said. “There isRead More

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

by March 9, 2017 at 1:51 pm

Speed Leasing LLC is sketching plans for the expansion of its leasing program — which in the long-term, could include traditional loan options — in an effort to compete against other players in the space. “When I looked at marketplace over the past couple of years, I had been followingRead More

Leasing Startup to Launch Dealer Portal

Leasing Startup to Launch Dealer Portal

by February 28, 2017 at 11:30 am

Startup Speed Leasing LLC is gearing up to launch its dealer portal, shortly after it launches operations on March 1, Partner Hasham Malik told Powersports Finance. Speed Leasing, funded by an undisclosed Miami-based private equity firm, plans to have its dealer agreements in place by the end of March and startRead More

Startup Powersports Lessor Slated for Launch

Startup Powersports Lessor Slated for Launch

by February 21, 2017 at 1:18 pm

There’s a new powersports lessor in town, Speed Leasing LLC, and it is slated for launch March 1, Partner Hasham Malik told Powersports Finance today. Speed Leasing, funded by an undisclosed private equity firm, was formed at the end of last year, and plans to have its dealer agreements inRead More

MotoLease Delays Dealer Training Amid Busy Season

MotoLease Delays Dealer Training Amid Busy Season

by January 20, 2017 at 11:30 am

MotoLease LLC has delayed its first two-day dealer training seminar to late April in an effort to accommodate dealers during what — for most — is a busy selling season, Managing Partner Emre Ucer told Powersports Finance. The dealer training was originally scheduled for mid-February, Ucer said. “The problem isRead More

MotoLease Utilizes New Online Help Center to Track Complaints

MotoLease Utilizes New Online Help Center to Track Complaints

by January 13, 2017 at 11:30 am

MotoLease LLC wants to track consumer complaints more effectively — so it added an online Help Center to its website, as part of its continued effort to spur customer and dealer relations, Managing Partner Emre Ucer told Powersports Finance. “If we are doing something that isn’t perfect, we want to have a betterRead More