Post Tagged with: "Yamaha"

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

Lenders Turn to Dealers as Fraudulent Loan Activity Escalates

by May 12, 2017 at 11:07 am

Consumer fraud continues to rise, as evidenced by two men who were arrested this week for producing fraudulent documents to finance the purchase of motorcycles from three dealerships in Long Island, N.Y. One of the men produced a fraudulent license and a fraudulent credit card to obtain a loan, toRead More

Yamaha Rivals Potential Competitors With Subvented Rates

Yamaha Rivals Potential Competitors With Subvented Rates

by December 8, 2016 at 12:30 pm

Yamaha Motor Finance Corp. aims to counter its potential revolving credit competitors by supplying a credit card program that will offer subvented promotional rates through only one source — Yamaha Motor Corp., said Executive Vice President and Chief Operating Officer Jeff Young. The ability to offer subvented rates, “is the wholeRead More

Yamaha Canada Launches Retail Finance Captive

Yamaha Canada Launches Retail Finance Captive

by July 29, 2016 at 11:00 am

Yamaha Motor Canada Ltd. revved the engine of its captive, Yamaha Financial Services, on July 4 to offer consumer loans and to bolster dealer financing options, according to a company press release. The Toronto-based financing unit piloted operations with a small group of dealers in June, a company spokesman told Powersports Finance. Yamaha Financial now offers aRead More

Lending Programs ‘Scarce’ in the Used Sector, Expert Says

Lending Programs ‘Scarce’ in the Used Sector, Expert Says

by July 25, 2016 at 11:00 am

There are many “holes and gaps” in the powersports finance industry, particularly when it comes to used-powersports vehicle financing where lending programs are scarce, said Jim Woodruff, chief operating officer at National Powersport Auctions. The lack of competition in the used-vehicle space can open the door for lenders to take advantage of a growingRead More

Should Powersports Lenders Prepare for CFPB Regulation?

Should Powersports Lenders Prepare for CFPB Regulation?

by June 14, 2016 at 11:00 am

Although increased regulation within the powersports space was not mentioned in the Consumer Financial Protection Bureau’s list of priorities for the next two years, powersports lenders should “remain cautions,” said David Gemperle, partner at Nisen & Elliott’s auto finance group. “As far as launching a larger-market participant rule for powersports,Read More

Suzuki Re-Signs with Synchrony Financial

Suzuki Re-Signs with Synchrony Financial

by May 6, 2016 at 10:30 am

Suzuki Motor of America renewed its partnership with Synchrony Financial, effective May 1, to expand financing options for consumers of the OEM’s powersports products. Keith Mait, Synchrony’s vice president of powersports, called the multi-year renewal an example of Synchrony’s “commitment to the industry.” Synchrony is also “hopeful” that the renewedRead More

Financing Incentives Heat Up the Powersports Market

Financing Incentives Heat Up the Powersports Market

by April 25, 2016 at 10:30 am

As powersports production amps up, many manufacturers are introducing financing incentives to boost vehicle sales, and Yamaha Motor Corp. is no exception. As part of its Get Out and Ride sales event, Yamaha will offer several promotions through June 30 via two of its financial providers, Synchrony Financial and CapitalRead More

Lenders ‘Feel the Pressure’ Post-Recession

Lenders ‘Feel the Pressure’ Post-Recession

by April 4, 2016 at 10:30 am

Lenders are beginning to feel the pressure of increased production capacity as the powersports industry speeds towards complete recovery, post-recession, Scott Yarbrough, editor of Black Book Official Motorcycle & Powersports Value Guide, told Powersports Finance. While the recession occurred seven years ago, the industry still hasn’t recovered to the sameRead More