Adapting to Dealer Feedback Beneficial for Lenders and Dealerships, Says American Cycle Finance [VIDEO]

• Matthew Wood
• December 21, 2018
• All Posts, Dealer Pulse, Powersports Finance 2018

FORT WORTH, Texas — Listening to dealer feedback can help lenders improve their service and boost their bottom lines, according to finance- and dealer...

Yamaha Exec Discusses Tips for Attracting New Riders [VIDEO]

• Matthew Wood
• December 3, 2018
• Powersports Finance 2018

FORT WORTH, Texas — The motorcycle riding audience is changing, which means that the methods OEMs use to appeal to new riders need to change with it, ...

60% of First Payment Defaults Could be Synthetic Fraud, Expert Says

• Matthew Wood
• November 27, 2018
• Compliance, Powersports Finance 2018

FORT WORTH, Texas — Lenders and dealerships need to be aware of synthetic fraud in powersports, which could make up 60% of first payment defaults, San...

Octane Lending to Form Dealership Council, CEO Says

• Matthew Wood
• November 21, 2018
• All Posts, Powersports Finance 2018

FORT WORTH, Texas — Octane Lending will form a dealership council in the first quarter of 2019, Chief Executive Jason Guss said during a fireside chat...

Miscommunication Leads to Issues With E-Contracting in California

• Matthew Wood
• November 20, 2018
• All Posts, Best Practices, Powersports Finance 2018, Technology

FORT WORTH, Texas — Lenders and dealerships doing business in California need to be wary of miscommunication regarding information about e-contracting...

Bike Condition is More Important Than Mileage For Vehicle Values

• Matthew Wood
• November 16, 2018
• Powersports Finance 2018

FORT WORTH, Texas — Mileage is a factor in measuring the value of a car, but in powersports how many miles are on the bike is less important than its ...

Simplicity, Training Add Value to Lending Tech

• Matthew Wood
• November 15, 2018
• All Posts, Powersports Finance 2018

FORT WORTH, Texas — As the powersports industry becomes more tech-savvy, lenders should stick with functional and simple design features for dealershi...

High Turnover at Dealership Presents Training Challenge

• Matthew Wood
• November 13, 2018
• All Posts, Dealer Pulse, Powersports Finance 2018

FORT WORTH, Texas — Training in the F&I office at the dealership is pivotal, but it can be a challenge for dealers and lenders due to the position...

Extending Loan Terms Attract Subprime Borrowers

• Matthew Wood
• November 12, 2018
• All Posts, Performance & Pricing, Powersports Finance 2018

FORT WORTH, Texas — As the prices of motorcycles increase and the Federal Reserve raises interest rates, loan terms are on an upward trajectory to pot...

Credit Agreements Provide Cushion for Collectors From TCPA

• Matthew Wood
• November 9, 2018
• Compliance, Powersports Finance 2018

FORT WORTH, Texas — The FCC is still making changes to the Telephone Consumer Protection Act, but in the meantime, lenders can protect themselves by m...