Post Tagged with: "leasing"

Sparta Considers Offering Consumer Motorcycle Leases

Sparta Considers Offering Consumer Motorcycle Leases

March 27, 2017 at 9:00 am 0 comments

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.

Less Regulation Prompts Powersports Startups to Offer Leases Versus Loans

Less Regulation Prompts Powersports Startups to Offer Leases Versus Loans

March 22, 2017 at 9:00 am 0 comments

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.

Startup Powersports Lessor Seeks Series A Funding

Startup Powersports Lessor Seeks Series A Funding

March 20, 2017 at 9:30 am 0 comments

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

2006 Honda TRX250EX.

MotoLease to Ramp Up Dealer Training With New Hire

March 14, 2017 at 9:30 am 0 comments

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 Pursues Partnership With Training Association to Educate Millennials

MotoLease Pursues Partnership With Training Association to Educate Millennials

March 10, 2017 at 9:30 am 0 comments

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 Keeps Close Eye on Competitors, Mulls Expansion

Speed Leasing Keeps Close Eye on Competitors, Mulls Expansion

March 9, 2017 at 9:00 am 0 comments

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.

Big Wheels Auto Finance Query Posted Online

Big Wheels Auto Finance Query Posted Online

February 28, 2017 at 12:20 pm 0 comments

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

Leasing Startup to Launch Dealer Portal

Leasing Startup to Launch Dealer Portal

February 28, 2017 at 9:30 am 0 comments

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

Startup Powersports Lessor Slated for Launch

Startup Powersports Lessor Slated for Launch

February 21, 2017 at 9:30 am 0 comments

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 Delays Dealer Training Amid Busy Season

MotoLease Delays Dealer Training Amid Busy Season

January 20, 2017 at 10:00 am 0 comments

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 Utilizes New Online Help Center to Track Complaints

MotoLease Utilizes New Online Help Center to Track Complaints

January 13, 2017 at 10:30 am 0 comments

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.

The 2012 Lincoln MKZ Hybrid. (Via Wikimedia Commons)

Ford Expects Used Values Will Continue to Drag in 2017

December 5, 2016 at 11:54 am 2 comments

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 Debuts Leasing App

Honcker Debuts Leasing App

December 2, 2016 at 10:00 am 1 comment

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 Offers Dealer Training in New Office

MotoLease Offers Dealer Training in New Office

November 17, 2016 at 9:45 am 0 comments

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.

Slot F