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
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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.
Manufacturer partnerships could be on the horizon for MotoLease LLC, however, the leasing provider is keeping dealers in the driver’s seat as it waits for OEM partnerships to form, said Managing Partner Emre Ucer.
KTM North America is on the hunt for a leasing partner to offer alternative retail financing options to consumers in order to shorten the buying cycle, said Jon-Erik Burleson, the off-road vehicle manufacturer’s president.
Leasing has the opportunity to gain momentum at Adam Smith Harley-Davidson — given the right provider and shortened terms — even though the dealership family only has about one or two lease deals each year, said Neil Noble, partner at Adam Smith Harley-Davidson.
Experian’s latest State of Auto Finance Market Report made headlines recently, painting a rosy According to the NADA Used Car Guide, more than 3 million vehicles will reach the end of their leases in 2016. This represents a 35 percent jump in off-lease volume. With such a huge increase inRead More
Tesla Finance delivered 2,934 Model S and Model X vehicles through its lease program in the third quarter, which represents a 493% jump in deliveries year over year, according to the company’s earnings report released yesterday. The year-over-year increase is largely due to Tesla’s inclusion of the luxury, crossover SUV,Read More
MotoLease LLC is planning to add less employees to its servicing team, thanks to the success of the company’s My MotoLease app which helped reduce calls and emails received from lessees, said Managing Partner Emre Ucer.
Hyundai Capital America expects to see growth in leasing volume through Genesis Finance, the company’s new branded captive, which launched Aug. 4, Tim Devine, HCA’s senior vice president of dealer services, told Auto Finance News. “We think this will be a highly lease-centric customer base,” he said. “Genesis Motors has the G80Read More
Royal Enfield North America might begin sketching plans to partner with a leasing provider, as the company continues to grow its dealer network. The motorcycle manufacturer celebrated the grand opening of its North American headquarters and flagship dealer showroom at Royal Enfield of Milwaukee on Saturday. The move is expected to expediteRead More