Post Tagged with: "MotoLease"

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

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

by May 12, 2017 at 11:07 am

Consumer fraud continues to rise, as evidenced by two men who were arrested this week for producing fraudulent documents to finance the purchase of motorcycles from three dealerships in Long Island, N.Y. One of the men produced a fraudulent license and a fraudulent credit card to obtain a loan, toRead More

MotoLease to Host Second Dealer Seminar This Fall

MotoLease to Host Second Dealer Seminar This Fall

by May 11, 2017 at 12:08 pm

MotoLease LLC is planning another dealer seminar for September, following a successful training session in late April, Managing Partner Emre Ucer told Powersports Finance. The September seminar will be offered over two days, with a focus on training dealers to use some of MotoLease’s new product and system enhancements —Read 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

Credit Overhaul: Why Millennials Demand New Underwriting Strategies

Credit Overhaul: Why Millennials Demand New Underwriting Strategies

by May 3, 2017 at 11:10 am

Powersport dealers see young millennials come into their stores all the time looking for the largest, fastest, most-expensive sportbike on the market. That’s when the warning light starts flashing in a lender’s head. “They start all gung-ho: They want the Suzuki Gixxer, they want the Honda CBR, anything that goesRead More

Consumer Fraud On the Rise, Lenders Advise Best Practices

Consumer Fraud On the Rise, Lenders Advise Best Practices

by April 26, 2017 at 11:43 am

Fraudulent activity — identity theft — is on the “upswing” in powersports, with fraud rings becoming more prevalent in the past few months, said Tom Collins, executive vice president and managing director at FreedomRoad Financial. Either more accounts are fraudulent, or FreedomRoad is catching it more often on the frontend,Read More

Lenders Need to Bring Web Upgrades to the Forefront, Execs Say

Lenders Need to Bring Web Upgrades to the Forefront, Execs Say

by March 24, 2017 at 11:56 am

While mobile apps are booming in other areas of finance, they are not catching on in powersports finance, Paula Tompkins, chief executive and founder at ChannelNet, told Powersports Finance, but that just means lenders need to place more focus on upgrading their websites. “Mobile apps are really good for certain kindsRead More