Post Tagged with: "leasing"

MotoLease Revs Up New Inventory Website, Dealer Portal

MotoLease Revs Up New Inventory Website, Dealer Portal

by May 18, 2017 at 10:00 am

MotoLease LLC is bolstering its technology initiatives this year, starting with a new dealer inventory website, Managing Partner Emre Ucer told Powersports Finance. The new site will allow authorized dealers to list inventory, and consumers can view the pricing, estimate monthly payments, and pre-qualify for loans, Ucer said. The websiteRead More

Down and Dirty: Competition Gets Messy as New Lenders Crowd the Market

Down and Dirty: Competition Gets Messy as New Lenders Crowd the Market

by May 17, 2017 at 10:44 am

About five or six years ago, the lending opportunity in the powersports market was wide open. As the industry recovered from the financial crisis, there was more demand than there was supply for powersports financing. Now, times have changed. Several new lending companies have entered the space — from captivesRead More

Harley-Davidson Inks Deal With EagleRider for Rental Program

Harley-Davidson Inks Deal With EagleRider for Rental Program

by May 10, 2017 at 11:27 am

Harley-Davidson Motor Co. formed an exclusive partnership with EagleRider to develop a motorcycle rental program, the companies announced yesterday. EagleRider will exclusively offer current model year Harley-Davidson motorcycle fleets in the touring and large cruiser motorcycle segments, serviced by Harley-Davidson-trained technicians. Many of the EagleRider pick-up and drop-off points willRead More

4 OEMs Eye Lease-Like Offerings

4 OEMs Eye Lease-Like Offerings

by May 8, 2017 at 11:15 am

Several startups and independent finance institutions in the powersports space have shown interest in leasing in recent months, and now leasing is even snatching attention from manufacturers. From leasing providers like MotoLease LLC — which expanded its leasing program in June 2016 to include financing for low-dollar powersports vehicles —Read More

Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

Harley-Davidson to Bypass Captive for Lease-Like Program, Sources Say

by April 12, 2017 at 11:00 am

Harley-Davidson Motor Co. appears poised to offer a “lease-like” program through one of the “big agencies” in the rental space to offer non-traditional leases, said a source who asked to remain unnamed. The source was unsure if this agency will be EagleRider or another rental company. While the specifics ofRead More

CycleOne Preps for Dealer Portal Debut

CycleOne Preps for Dealer Portal Debut

by March 29, 2017 at 12:12 pm

CycleOne Financial plans to launch a dealer portal to make its software more dealer-friendly, after raising sufficient capital in the company’s Series A round, President Logan Riley told Powersports Finance. The portal will enable dealers to upload documents and stips, as well as check on the status of submitted credit applications,Read More

Sparta Considers Offering Consumer Motorcycle Leases

Sparta Considers Offering Consumer Motorcycle Leases

by March 27, 2017 at 12:04 pm

There could be another powersports lessor in town if the Dodd-Frank Act is modified, lessening the burden of financial regulation. Sparta Commercial Services Inc. is considering its options to offer consumer motorcycle leases again, Chief Executive Tony Havens told Powersports Finance. “There’s an awful lot of regulation, and it’s onlyRead More

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