Roadrunner Financial is preparing to remove model-year age restrictions on cruisers for which the lender makes loans, Head of Sales Mark Davidson told Powersports Finance.
“We’re a credit-first organization, so if we’re thinking of expanding the year count, it’s going to be on assets that deserve it,” he said. “Cruisers are a shoe-in, and we’re putting together programs that are specifically designed for large cruisers because they merit special treatment.”
In addition, cruisers typically hold their value “really well” because they are more iconic than models like sportsbikes, said Logan Shedd, Roadrunner’s vice president of powersports.
It’s easier to build a program for cruisers — than, say, for personal watercraft or snowmobiles — because there is more credit data available, Davidson said, adding that cruisers have a “pretty good track record.”