MotoLease LLC is not receiving consumer pushback following the announcement that it will implement a twice-a-month payment structure in December, Chief Executive and co-Founder Maurice Salter said at PowerSports Finance 2017last month.
For the top three credit tiers — the prime lessors — the customers get a choice in whether or not they decide to utilize the new payment structure, he said. However, for the bottom tiers the semi-monthly payments are a requirement.
That being said, subprime lessors have not pushed back on the new structure. “If people can get credit, that’s what they care about,” Salter said.
