Post Tagged with: "PowerSports Finance 2016"

Powersports Finance Winter Issue Now Live

Powersports Finance Winter Issue Now Live

by December 7, 2016 at 5:28 pm

Following the success of the second annual PowerSports Finance 2016 event, we are excited to announce that the winter issue of Powersports Finance Quarterly is now live, and available to current and new subscribers. The digital publication marks the final issue of 2016, and includes some exclusive coverage of theRead More

Kawasaki Captive Cuts Out Curtailments for Off-Season

Kawasaki Captive Cuts Out Curtailments for Off-Season

by November 23, 2016 at 1:00 pm

Kawasaki Motors Finance Corp. removed curtailment charges during the colder weather months to help its dealer partners through the slower selling season, said Steven Chavez, the wholesale captive’s senior manager of credit services. Curtailments are the action of requiring a portion of the floorplan loan to be repaid after aRead More

OEM Steers Away From Subsidized Financing, For Now

OEM Steers Away From Subsidized Financing, For Now

by November 22, 2016 at 12:59 pm

KTM North America does not see the need to offer subsidized financing yet — while interest rates are still low — despite the slew of powersports manufacturers that are offering financing promotions, said President Jon-Erik Burleson. “For the last two years, the prevailing interest rate has been relatively low,” addedRead More

Beware of Vendor ‘Trickle-Up Effect,’ Lawyer Advises

Beware of Vendor ‘Trickle-Up Effect,’ Lawyer Advises

by November 21, 2016 at 12:21 pm

Lenders need to scrutinize their service providers closely, particularly as the powersports industry expands and more vendors enter the space, said Molly Calkins, partner of the Consumer Financial Services Practice Group at Akerman LLP. “When it comes to your vendors, beware of the ‘trickle-up effect,’” which is when a lenderRead More

Retail Captive Poses Many Challenges for Off-Road OEMs

Retail Captive Poses Many Challenges for Off-Road OEMs

by November 18, 2016 at 12:20 pm

It’s an “open question” if Kawasaki Motors Corp. USA and KTM North America will form retail finance captives. However, launching a captive may pose too many challenges for an off-road OEM to field, said Steven Chavez, senior manager of credit services at the company’s wholesale captive, Kawasaki Motors Finance Corp.Read More

KTM North America on Lookout for Leasing Partner

KTM North America on Lookout for Leasing Partner

by November 14, 2016 at 12:00 pm

KTM North America is on the hunt for a leasing partner to offer alternative retail financing options to consumers in order to shorten the buying cycle, said Jon-Erik Burleson, the off-road vehicle manufacturer’s president. “We are looking at some things that we haven’t in the past,” Tom Etherington, KTM’s viceRead More

CFMOTO Signs With Synchrony Financial for Exclusive Financing

CFMOTO Signs With Synchrony Financial for Exclusive Financing

by November 8, 2016 at 11:00 am

Synchrony Financial has signed on to be the exclusive provider of consumer financing for CFMOTO USA, the company’s announced yesterday. The multi-year agreement will allow qualifying buyers to access promotional installment financing offers through CFMOTO dealers, according to a company press release. Hangzhou, China-based CFMOTO does business in more thanRead More

CFPB Now Using ‘Mystery Shoppers’ to Test for Discrimination

CFPB Now Using ‘Mystery Shoppers’ to Test for Discrimination

by November 7, 2016 at 11:43 am

The Consumer Financial Protection Bureau recently began using “mystery shoppers” to discreetly “test out” a company’s compliance practices, said Molly Calkins, partner of the Consumer Financial Services Practice Group at Akerman LLP. Mystery shoppers are investigators posing as consumers to apply for loans and to “test” the lender, Calkins toldRead More