MotoLease LLC launched two new online platforms in February, MotoLease Connect and CycleCredit.com, aimed at speeding up the lending process, Emre Ucer, managing partner at MotoLease, told Powersports Finance yesterday.
The programs were created to function as a matchmaker between preapproved customers and MotoLease’s network of 1,000 authorized dealers, Ucer said. CycleCredit.com helps consumers get preapproved early in the sales cycle, and MotoLease Connect is an online application tool that will then match those preapproved consumers by their proximity to a MotoLease authorized dealer.
With financing offered upfront in the sales cycle, “the customer has a better experience, so they can focus on the right vehicle mix within their budget,” Ucer said. “There is no losing time. It’s great for the dealer because they know upfront what the customer is eligible for, so they don’t lose two or three hours trying to find out if the customer is the right fit.”
“We have a team of leasing advisors who call and email these customers to learn about the products they are interested in,” he added. “They match them with dealers, and then transfer the lead to the dealer.”
MotoLease, a Los Angeles-based powersports finance company, funded 7,000 powersport vehicle leases in 2015 – which has a face value of $100 million – and is aiming to fund 10,000 leases this year, said Ucer. The company saw a 40% growth in lease originations in 2015.