LOS ANGELES — Starting in December, MotoLease LLC will roll out a twice-a-month payment structure for subprime lessors, Chief Executive and co-Founder Maurice Salter told Powersports Finance at the company’s dealer training seminars earlier this month.
“All subprime credit customers will be required to have bi-monthly payments, which helps with budgeting for smaller payment amounts,” added Managing Partner Emre Ucer. “We have a manual payment option if the customers want to send in checks. If they chose to participate in recurring ACH billing, we waive the security deposit requirement and the funds are automatically deducted to their bank account via ACH payment method.”
