While subprime finance options are still lagging in powersports today, some lenders and startups have emerged, or increased their footprint in the industry to pick up the slack in 2016 — including Ride Today Acceptance and virtual F&I office Full Throttle Finance.
Adding to the dearth of options, however, was subprime leasing provider Chrome Capital, which stopped accepting new lease applications in September — and is expected to shut down operations amid an investor pullout.
With 2016 right around the corner, here is today’s countdown of PowersportsFinance.com’s top 5 subprime stories of the year:
- Startup Lenders to Drive Subprime Competition
- Chrome Capital to Shut Down Amid Investor Pullout
- Startup Aims to Grab Subprime Share
- New Entrant Subprime Lenders Yield High Dealer Fees
- Startup Virtual F&I Office Aims to Bolster Subprime Growth