Post Tagged with: "Westlake Financial Services"

Westlake: 3 Tips to Improve Dealer Training Efforts

Westlake: 3 Tips to Improve Dealer Training Efforts

by March 13, 2017 at 12:28 pm

Powersports dealer portals will likely become more consistent among lenders as competition continues to amp up, and as lenders look to match what other players are doing — which could also result in dealer training becoming an easier task, said David Goff, assistant vice president of marketing at Westlake Financial Services.Read More

MotoLease Pursues Partnership With Training Association to Educate Millennials

MotoLease Pursues Partnership With Training Association to Educate Millennials

by March 10, 2017 at 1:08 pm

MotoLease LLC is chasing a partnership with a national training association to provide risk advising and motorcycle safety classes for younger buyers, Managing Partner Emre Ucer told Powersports Finance. “That audience is one of our sweet spots, and a large part of our portfolio is thin-file,” Ucer said. “There isRead More

Westlake Preps for Powersports Expansion, Monitors Rising Losses

Westlake Preps for Powersports Expansion, Monitors Rising Losses

by March 6, 2017 at 10:30 am

New entrant powersports lenders are spurring Westlake Financial Services to expand this year, but the company’s plans for 2017 will not include buying deeper in the credit band, said David Goff, assistant vice president of marketing. “We think right now is the right time to expand,” Goff told Powersports Finance.Read More

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

Lenders Slowly Increase Used Financing Credit as Consumer Demand Rises

by March 3, 2017 at 10:30 am

Think about all the wear and tear typically put on cars. They’re driven thousands of miles every year; people spill food and drink all over their interiors; and they’re often exposed to the elements where rain, snow, salt, wind, and dust take their toll. After 14 years, many cars areRead More

Westlake to Unveil Powersports E-Contracting to Speed Funding

Westlake to Unveil Powersports E-Contracting to Speed Funding

by March 2, 2017 at 1:51 pm

Westlake Financial Services plans to roll out e-contracting to powersports dealers this year, hoping to hasten funding, improve dealer and customer satisfaction, and boost loan volume, David Goff, Westlake’s assistant vice president of marketing, told Powersports Finance. The powersports e-contracting launch will shortly follow the nationwide expansion of e-contracting toRead More

Powersports Finance Spring Issue Now Live

Powersports Finance Spring Issue Now Live

by February 23, 2017 at 11:30 am

The spring issue of Powersports Finance Quarterly is now live, and available to current and new subscribers. The digital publication marks the first issue of 2017. In this issue, learn about why millennials are demanding new underwriting strategies, with insight from LightStream, Westlake Financial Services, MotoLease LLC, and TDECU; and whether motorcycleRead More

Powersports Dealers Alter F&I Strategy to Adapt to Millennial Buyers

Powersports Dealers Alter F&I Strategy to Adapt to Millennial Buyers

by February 16, 2017 at 12:53 pm

Powersports lenders are struggling to adapt to millennial buyers entering the market as the baby boomers age out, which has spurred more pressure on dealers in the F&I office. One of the larger issues with a younger generation of buyers is that they want to “get too much bike” forRead More

Dealer Training Deficit Sparks Opportunity for Lenders

Dealer Training Deficit Sparks Opportunity for Lenders

by January 4, 2017 at 11:30 am

The lack of dealer training is not just a challenge in the powersports industry; it’s an opportunity for lenders to gain marketshare — considering few lenders offer a defined dealer training program — said Chris Clovis, owner and operator of Freedom EuroCycle Las Vegas. “If a lender were to ask me, ‘WhatRead More