Post Tagged with: "Yamaha Motor Finance"

Lenders Lured to GPS, Yet Slow to Invest

Lenders Lured to GPS, Yet Slow to Invest

by May 19, 2017 at 10:00 am

As repossessions continue to rise, powersports lenders are looking for ways to help bolster vehicle recoveries. While GPS units are a useful device in auto finance used to assist lenders with the tracking and repossession of cars, the device hasn’t quite caught on in powersports — for many reasons. WithRead More

Down and Dirty: Competition Gets Messy as New Lenders Crowd the Market

Down and Dirty: Competition Gets Messy as New Lenders Crowd the Market

by May 17, 2017 at 10:44 am

About five or six years ago, the lending opportunity in the powersports market was wide open. As the industry recovered from the financial crisis, there was more demand than there was supply for powersports financing. Now, times have changed. Several new lending companies have entered the space — from captivesRead More

5 Lenders Altering Finance Offerings in 2017

5 Lenders Altering Finance Offerings in 2017

by May 2, 2017 at 11:03 am

Competition continues to ramp up as new lenders enter the powersports space, causing many players to bolster their finance offerings to meet market demand. Westlake Financial Services, for example, continues to push into used financing. However, many lenders are even altering their programs altogether, in an effort to remain competitive.Read More

Roadrunner, Yamaha Bolster Used Financing With New Offerings

Roadrunner, Yamaha Bolster Used Financing With New Offerings

by April 28, 2017 at 12:47 pm

Roadrunner Financial is slated to launch a used-vehicle financing program by next week, thanks to “tremendous” demand from dealers and consumers, Chief Executive Jason Guss told Powersports Finance. Roadrunner declined to offer specifics on the program. “We are still finalizing the program, as of right now, there aren’t any hardRead More

Consumer Fraud On the Rise, Lenders Advise Best Practices

Consumer Fraud On the Rise, Lenders Advise Best Practices

by April 26, 2017 at 11:43 am

Fraudulent activity — identity theft — is on the “upswing” in powersports, with fraud rings becoming more prevalent in the past few months, said Tom Collins, executive vice president and managing director at FreedomRoad Financial. Either more accounts are fraudulent, or FreedomRoad is catching it more often on the frontend,Read More

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

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