ALD Automotive is allowing EV or hybrid vehicle lessors in Romania to switch to a conventional vehicle, for a limited period of time, to accommodate areas where EV charging may not be fully developed, Mobility Buzz has learned. This offering allows lessors to swap the car easily, which can “take awayRead More
Post Tagged with: "leasing"
Financial institutions will need to rework their business models to remain relevant in a sector that is evolving away from traditional car ownership toward a more shared economy and autonomous future, panelists said at the Empire State of Mobility conference in New York City yesterday. “From a financial services perspective,Read More
Shift Technologies Inc. is eyeing opportunities in what it calls “virtual leasing” — a perpetual lease agreement not tied to a specific vehicle — which will allow consumers to more frequently swap out their vehicle, President Toby Russell told Mobility Buzz. “We haven’t productized that or created a sample product yet,” heRead More
Harley-Davidson Motor Co. appears poised to offer a “lease-like” program through one of the “big agencies” in the rental space to offer non-traditional leases, said a source who asked to remain unnamed. The source was unsure if this agency will be EagleRider or another rental company.
PSA Group launched Free2Move Carsharing in Los Angeles last week, positioning the French manufacturer to bring its leasing and fleet management services to the U.S. This launch marks PSA Group’s entrance of mobility services into the U.S. The automaker also announced its new U.S. division called PSA North America — whichRead More
Getaround opened up its keyless peer-to-peer carsharing platform to Tri-State New Jersey. Now, the “airbnb for cars,” as it calls itself, is already targeting five additional markets to enter this year, marking 2017 as Getaround’s biggest expansion year, Mobility Buzz has learned. Getaround, which was founded in 2009, utilizes proprietary technology that combines GPS,Read More
CycleOne Financial plans to launch a dealer portal to make its software more dealer-friendly, after raising sufficient capital in the company’s Series A round, President Logan Riley told Powersports Finance.
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.
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