There could be another powersports lessor in town if the Dodd-Frank Act is modified, lessening the burden of financial regulation. Sparta Commercial Services Inc. is considering its options to offer consumer motorcycle leases again, Chief Executive Tony Havens told Powersports Finance.
Post Tagged with: "leasing"
New entrant powersport financiers are more interested in leasing, versus traditional financing, thanks to fewer regulatory requirements. Startup CycleOne Financial, for example, was initially drawn to the leasing platform because “it works easier for us in terms of repossessions and structuring the contract,” President Logan Riley told Powersports Finance.
CycleOne Financial is seeking an undisclosed amount of funding for the company’s first Series A round, President Logan Riley told Powersports Finance. The Orlando, Fla.-based powersports lessor launched in April 2015, and has raised $4 million in seed funding to-date, Riley said. CycleOne’s first seed round garnered the company $1Read More
MotoLease LLC plans to hire a professional dealer training specialist in preparation for its dealer training seminars in April, Managing Partner Emre Ucer told Powersports Finance.
MotoLease LLC is chasing a partnership with a national training association to provide risk advising and motorcycle safety classes for younger buyers, Managing Partner Emre Ucer told Powersports Finance.
Speed Leasing LLC is sketching plans for the expansion of its leasing program — which in the long-term, could include traditional loan options — in an effort to compete against other players in the space.
Financiers may now electronically submit 2016 results for inclusion in Big Wheels Auto Finance Data: A Ranking of the Nation’s Top Car Financiers. Big Wheels produces the definitive tabulation of automotive lending and leasing activity in the nation. It offers a unique opportunity to include your company’s performance among aRead More
Startup Speed Leasing LLC is gearing up to launch its dealer portal, shortly after it launches operations on March 1, Partner Hasham Malik told Powersports Finance. Speed Leasing, funded by an undisclosed Miami-based private equity firm, plans to have its dealer agreements in place by the end of February andRead More
There’s a new powersports lessor in town, Speed Leasing LLC, and it is slated for launch March 1, Partner Hasham Malik told Powersports Finance today. Speed Leasing, funded by an undisclosed private equity firm, was formed at the end of last year, and plans to have its dealer agreements inRead More
MotoLease LLC has delayed its first two-day dealer training seminar to late April in an effort to accommodate dealers during what — for most — is a busy selling season, Managing Partner Emre Ucer told Powersports Finance.
MotoLease LLC wants to track consumer complaints more effectively — so it added an online Help Center to its website, as part of its continued effort to spur customer and dealer relations, Managing Partner Emre Ucer told Powersports Finance.
Lower than expected residual values on remarketed lease vehicles will be “one of the drags in the industry” going into 2017, Bryan Bezold, senior economist at Ford Motor Co., said on Thursday during the November 2016 sales conference call. Although the company’s finance arm, Ford Motor Credit, cut its pretaxRead More
Honcker, a car-buying mobile app — launched Wednesday in New York, New Jersey, Connecticut, Florida, and California — is aimed at bringing car leasing options to users’ fingertips, said Founder and Chief Executive Nathan Hecht. The app acts as a marketplace, connecting customers with local dealerships and their partnered captives and financialRead More
MotoLease LLC plans to use a newly acquired 12,000-square-foot office for quarterly, two-day dealer training seminars beginning in the first quarter of 2017, said Managing Partner Emre Ucer.