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Lending Programs ‘Scarce’ in the Used Sector, Expert Says

Natalie Mattila

canstockphoto36311325There are many “holes and gaps” in the powersports finance industry, particularly when it comes to used-powersports vehicle financing where lending programs are scarce, said Jim Woodruff, chief operating officer at National Powersport Auctions. The lack of competition in the used-vehicle space can open the door for lenders to take advantage of a growing marketshare, he added.

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