Team X-treme is seeing an uptick in finance volume through its more than 10 lender partners, thanks — in part — to rising consumer demand and the dealership’s subprime-friendly policy, Sonny Hanif, director of operations, told Powersports Finance.
“You cannot believe it that [volume through our lender partners is so big], but we actually receive approximately 20 to 25 loan applications on a daily basis,” Hanif said.
A vast majority of Team X-treme’s customers are subprime borrowers, Hanif said. “I believe in giving people a second chance,” Hanif said. “I treat my customers as my family. Their satisfaction is my satisfaction.”
Team X-treme works with MotoLease, among 10 to 15 other lenders.
Separately, Team X-treme will expand its business by opening a new, 12,000-square-foot store in North Houston, Hanif said. The new store will offer new and used vehicles.
The Houston-based pre-owned dealership started as a small team of friends “who are passionate about motorcycle wholesales” a decade ago, Hanif said. Over the years, it has grown to be an authorized Hyosung Motors and Nissan Motor Corp. USA dealer. Around 98% of the transactions the dealer handles are motorcycle-related, Hanif said, although Team X-treme offers a variety of auto and powersports vehicles.
For more insights like this, attend the third annual PowerSports Finance 2017 conference, which is slated for Oct. 24-25 at the Wynn Las Vegas. The full agenda can be viewed here. To learn more — or to register — for this year’s event, visit the PowerSports Finance 2017 homepage here.Like This Article