Post Tagged with: "revolving credit"

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

EXCLUSIVE: Yamaha Opens Card Program to Other Brands, Used Vehicles

by February 6, 2017 at 12:50 pm

Yamaha Motor Finance Corp.’s credit card program now includes the ability to finance nearly all powersports brands and used vehicles up to seven years old — for a limited time. The expanded program was launched Feb. 1 and is valid through March 31, according to a document shared with Powersports Finance.Read More

Polaris 4Q Results: Retail Finance Penetration Ticks Up to 33%

Polaris 4Q Results: Retail Finance Penetration Ticks Up to 33%

by January 24, 2017 at 11:30 am

Polaris Industries Inc. announced higher retail finance penetration rates — 33% — for the full-year 2016, up from 31% in 2015, thanks to successful financial promotions and the launch of Performance Finance, Mike Speetzen, Polaris’ executive vice president of finance and chief financial officer, said during the OEM’s fourth-quarter earningsRead More

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

BRP Expands Retail Finance Options With Citi, Roadrunner Partnerships

by January 11, 2017 at 11:30 am

Bombardier Recreational Products Inc. expanded its retail financing options with two new long-term agreements with Citi Retail Services and Roadrunner Financial, the company announced yesterday. Citi’s new partnership with BRP will include a private-label credit card and support for a new online dealer portal, which will provide authorized BRP dealers withRead More

Royal Enfield Sketches Plans for First-Time Buyer Program

Royal Enfield Sketches Plans for First-Time Buyer Program

by January 6, 2017 at 11:30 am

Royal Enfield North America is mulling options to establish a first-time buyer program, which could include a revolving credit partnership, said Vice President of Sales Mike Roark. “I think [with] the price-point of our product, what makes sense is being able to do something on a credit card,” Roark toldRead More

Top 5 Times Revolving Credit Made Headlines

Top 5 Times Revolving Credit Made Headlines

by December 30, 2016 at 11:30 am

After Capital One Financial Corp. announced its gradual exit from the powersports finance space late last year, revolving credit quickly dominated headlines throughout 2016. There has been industry chatter regarding which companies will fill the revolving credit void, and Yamaha Motor Finance Corp. already threw its proverbial hat into theRead More

Yamaha Uses Card Program to Bolster Consumer Relationships

Yamaha Uses Card Program to Bolster Consumer Relationships

by December 26, 2016 at 10:30 am

Yamaha Motor Finance Corp. will leverage its credit card program to move into the direct lending space going into 2017, said Executive Vice President and Chief Operating Officer Jeff Young. The card program, which launched on Nov. 1, allows the captive to form direct relationships with customers, Young told PowersportsRead More

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

Kawasaki Signs Multi-Year Agreement With Citi Retail Services

by December 23, 2016 at 9:00 am

Kawasaki Motors Corp. USA announced a multi-year agreement with Citi Retail Services yesterday, which will provide dealers with another financing option for their customers — a private-label credit card program. Customers will be able to apply for credit through an authorized Kawasaki dealership, according to a press release. The OEM will begin contacting KawasakiRead More

Keep Ahead of Credit Card Compliance Issues

Keep Ahead of Credit Card Compliance Issues

by December 21, 2016 at 12:40 pm

Powersports manufacturers should pay attention to compliance issues under the Truth in Lending Act and the CARD Act, particularly if they are considering partnering with revolving credit providers that might trickle into the space soon, said John Redding, partner at BuckleySandler LLP. Partnering or operating in the revolving credit space couldRead More