Post Tagged with: "technology"

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

First Online Powersports Dealer to Debut This Spring

First Online Powersports Dealer to Debut This Spring

by March 1, 2017 at 12:17 pm

E-commerce is coming to powersports with Revstop.com, a San Diego startup that is aiming to be the first completely online powersports dealer. The website, which appears to still be under construction, will allow consumers to shop, finance, and purchase a powersports vehicle without stepping foot into a dealership, according toRead More

Leasing Startup to Launch Dealer Portal

Leasing Startup to Launch Dealer Portal

by February 28, 2017 at 11:30 am

Startup Speed Leasing LLC is gearing up to launch its dealer portal, shortly after it launches operations on March 1, Partner Hasham Malik told Powersports Finance. Speed Leasing, funded by an undisclosed Miami-based private equity firm, plans to have its dealer agreements in place by the end of March and startRead More

LMG Finance Seeks to Solve Dealer Training Dilemma

LMG Finance Seeks to Solve Dealer Training Dilemma

by February 22, 2017 at 1:50 pm

As powersports dealers struggle to rehash deals and achieve appropriate training from their lender partners, F&I outsource providers like LMG Finance aim to help dealers boost finance volume, Marketing Manager Garret Morrison told Powersports Finance. “Many in-house F&I managers can be counterproductive and negatively impact the timeframe of a deal,Read More

MotoLease Utilizes New Online Help Center to Track Complaints

MotoLease Utilizes New Online Help Center to Track Complaints

by January 13, 2017 at 11:30 am

MotoLease LLC wants to track consumer complaints more effectively — so it added an online Help Center to its website, as part of its continued effort to spur customer and dealer relations, Managing Partner Emre Ucer told Powersports Finance. “If we are doing something that isn’t perfect, we want to have a betterRead More

Countdown to 2017: Top 5 Tech Stories of 2016

Countdown to 2017: Top 5 Tech Stories of 2016

by December 27, 2016 at 10:30 am

Many powersports lenders increased investments in digital capabilities in 2016 to boost loan and lease volumes, amid what many industry experts considered a flat growth year. MotoLease LLC, for example, launched a consumer mobile app with self-service functionality. Additionally, National Powersport Auctions partnered with CyclePro, a software platform dedicated toRead More

MotoLease Offers Dealer Training in New Office

MotoLease Offers Dealer Training in New Office

by November 17, 2016 at 12:30 pm

MotoLease LLC plans to use a newly acquired 12,000-square-foot office for quarterly, two-day dealer training seminars beginning in the first quarter of 2017, said Managing Partner Emre Ucer. The subprime leasing provider will maintain its current 10,000-square-foot office space but house the seminars in the new building, Ucer said. EvenRead More

Powersports Dealer Looks for Less Keystrokes in F&I

Powersports Dealer Looks for Less Keystrokes in F&I

by November 3, 2016 at 11:08 am

LAS VEGAS — There is work that needs to be done in improving data-entry capabilities for dealers, said Brad Van Horn, owner of Buy Your Motorcycle, because lenders who require additional keystrokes to get a consumer financed might cause dealers to port their business to the lender’s competitor. “The challengeRead More