MotoLease LLC plans to expand business into another seven states, in addition to increasing its dealer network, Managing Partner Emre Ucer told Powersports Finance.
“From now until yearend 2017, our main goal is to increase our dealership partners,” he said. “I hope we can increase by 20 to 25 dealers every month, and bit by bit, the number will add up to more than 100.”
Los Angeles-based MotoLease currently has 1,000 dealers in its network, which covers 31 states across the U.S, “with Florida, Texas, Georgia, Arizona, California being the biggest ones,” Ucer said. “My goal for our dealership base this year is to cover seven more states, particularly in the northeast.”
Founded in 2010, MotoLease’s portfolio has been growing steadily for the seventh year in a row, according to Ucer. “The origination numbers have been increasing 30% year over year since 2010,” he said. “It was pretty consistent, and we look to continue to better our origination process so as to improve our volume.”
Ucer will speak on a newly added “Keys to Successful Subprime Lending” panel at the upcoming PowerSports Finance 2017 conference, which is slated for Oct. 24-25 at the Wynn Las Vegas. During the session, Ucer and his fellow panelists will discuss subprime risk, underwriting best practices, and how to avoid seasonal repossession challenges.
Additionally, Maurice Salter, co-founder of MotoLease, will sit down for a fireside chat at the event. Salter’s fireside chat will be followed by a panel entitled “Credit Trends in Powersports Finance,” which will offer insight into current origination trends and an outlook on credit performance. Other sessions include: Finding Loan Growth Amid Increasing Competition, F&I Dos and Don’ts, and Regulatory Compliance Update.