Post Tagged with: "Ride Today Acceptance"

Cardiff to Acquire Ride Today Acceptance

Cardiff to Acquire Ride Today Acceptance

by February 2, 2017 at 11:30 am

Cardiff International Inc. entered into a letter of intent to acquire Ride Today Acceptance LLC. The acquisition is subject to completion of an independent audit. Beverly, Mass.-based Ride Today Acceptance — a subsidiary of Encompass Consulting LLC — began making loans for new and used on-road and off-road powersports vehicles in AprilRead More

Countdown Continues: Top 5 Subprime Stories of 2016

Countdown Continues: Top 5 Subprime Stories of 2016

by December 28, 2016 at 11:30 am

While subprime finance options are still lagging in powersports today, some lenders and startups have emerged, or increased their footprint in the industry to pick up the slack in 2016 — including Ride Today Acceptance and virtual F&I office Full Throttle Finance. Adding to the dearth of options, however, wasRead More

Startup Maps Plan to Address Dealers’ Subprime Dilemma

Startup Maps Plan to Address Dealers’ Subprime Dilemma

by October 20, 2016 at 10:30 am

BOSTON — The only sounds heard inside Ride Today Acceptance’s Beverly, Mass.-based office are the clacking of keyboards and friendly phone calls as employees busily field inquiries from customers and dealers. Papers are practically spilling off the desks — hopefully a sign of success, and certainly a sign of theRead More

Startup Lender Invests $1 Million in Tech

Startup Lender Invests $1 Million in Tech

by September 22, 2016 at 10:46 am

BOSTON — Ride Today Acceptance has invested “well over $1 million” in technology developments in the past 12 months, Ben Donnarumma, managing director at Ride Today Acceptance told Powersports Finance. Among those investments are its plans to roll out TCI’s DecisionLender 4 loan origination system as well as a virtual layaway program,Read More

Subprime Lender on Pace to Hit Dealer Goal

Subprime Lender on Pace to Hit Dealer Goal

by September 15, 2016 at 10:30 am

BOSTON — Ride Today Acceptance added a dozen dealers to its network in August, with another 15 “in the works,” National Sales Manager Jason Sheeley told Powersports Finance. The startup subprime lender now has 261 dealers in its network, putting the company on track to hit its “conservative goal” of 400 dealers by April 2017, addedRead More

Boston Subprime Lender Brings Dealer Experience to the Table

Boston Subprime Lender Brings Dealer Experience to the Table

by August 31, 2016 at 12:01 pm

BOSTON — Subprime motorcycle financing is a risky business that most lenders shy away from, but Ride Today Acceptance utilizes its years of dealer experience and industry expertise to find success and help capture the marketshare, Ben Donnarumma, the company’s partner and director of sales and marketing, told Powersports Finance in an exclusiveRead More

Chrome Capital on Track for Yearend Goals

Chrome Capital on Track for Yearend Goals

by August 29, 2016 at 10:36 am

Chrome Capital is on pace to double its year-over-year originations again, in addition to reaching its goal of netting 200 dealers to its existing network of 750 by yearend, thanks to the company’s continued success in the subprime market, said Founder, President, and Chief Executive Peter Wasmer. The motorcycle leasing providerRead More

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

Synchrony’s Mait to Participate in Fireside Chat at PowerSports Finance 2016

by August 25, 2016 at 11:20 am

Keith Mait, vice president and industry leader for Synchrony Financial’s powersports business, will sit down for a fireside chat at PowerSports Finance 2016, on Oct. 5 in Las Vegas. At Synchrony, Mait is responsible for driving strategic direction and profitable growth for the lender’s powersports segment across a number ofRead More