MotoLease LLC will introduce a new point-system program in the first quarter of 2018 for lower-credit-tier borrowers that will act “similar to credit card points,” Managing Partner Emre Ucer told Powersports Finance.
By paying on time, lower-credit-quality customers can reduce their overall payments. “Each payment will earn a customer 100 points,” Ucer said.
Once a certain number of points are accrued, a customer’s payment can be reduced to the equivalent of what someone in the tier above would pay, Ucer said. “It will also help them in their next vehicle lease by [making them eligible] for lower up-front costs and lower monthly payments,” he added.