Lenders, OEMs renew partnerships
Powersports lenders Synchrony and Sheffield Financial have renewed long-standing partnerships with OEMs Polaris and Triumph, respectively. Synchrony, Polaris renew 20-year ...
Tag: financing
HDFS’ Flex Financing to include CPO, used units in 2025
Harley–Davidson Financial Services will add certified pre-owned and used motorcycles to its Flex Financing program in 2025. Integrating certified pre-owned ...
Lenders look to expand subprime reach
Auto industry partners are working to establish lending options that are mutually beneficial to lenders, dealers and subprime consumers amid ...
Used-vehicle cash transactions rise to 30% in July
High interest rates are prompting more consumers to pay for vehicles in cash rather than finance, with cash transactions up ...
Cash purchases increase for powersports amid rising interest rates
Some powersports customers are paying in cash instead of financing their purchases amid rising interest rates, as the Federal Reserve ...
Powersports financing penetration up 15% from pandemic lows
Financing volume is ticking up at powersports dealerships following pandemic lows, despite rising interest rates. “At one point, hit almost ...
Foreign OEMs introduce differentiated EV financing in US
Foreign electric vehicle manufacturers entering the U.S. market are looking to introduce a new financing model for EV purchases by ...
BRP lands $500M term facility, refinances outstanding debt
Canadian powersports manufacturer BRP scored a $500 million term facility, increasing its borrowing capacity and refinancing its outstanding debt amid ...
