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EFG Aims to Lower Defaults with Motorcycle Powertrain Protection
EFG Companies is hoping to reduce consumers defaulting on their loans — as well as foster preowned motorcycle unit sales — with the launch of its 1,000,000 Mile Limited Powertrain Protection program,...
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MBFS to Make Big Push for Digital Growth, Innovation in 2017
Mercedes-Benz Financial Services will continue to focus and invest heavily on digital innovation in 2017 — including making enhancements to its mobile app and piloting e-contracting to dealers — with...
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More Incentives on the Horizon for Polaris After 2016 Recalls
Polaris Industries Inc. expects to lean on financing incentives and retail promotions more heavily in 2017, following unfavorable effects spurred by the OEM’s slew of recalls in 2016, said Polaris...
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Credit Union Utilizes Special Events to Bulk Up Powersports Dealer Network
America’s First Federal Credit Union (AFFCU) upped its powersports dealer network and loan origination volume in 2016, thanks to participating in more dealer-specific events, Bob Jaffe, indirect loan...
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American Cycle Sets Monthly Goal for Dealers, Ramps Up Training
American Cycle Finance set a monthly contract goal for its dealers in an effort to increase volume following the company’s acquisition by Cardiff International Inc., Ben Donnarumma, managing director...
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Wells Fargo CDF to Roll Out Pre-Owned Dealer Rewards Program
Well Fargo Commercial Distribution Finance will launch a dealer rewards program early next month in the wake of increasing consumer demand for pre-owned vehicles, Jeremy Jansen, president of the...
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MotoLease to Host Second Dealer Seminar This Fall
MotoLease LLC is planning another dealer seminar for September, following a successful training session in late April, Managing Partner Emre Ucer told Powersports Finance. The September seminar will be...
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Powersports Lenders Turn to Dealers as Fraudulent Loan Activity Escalates
Consumer fraud continues to rise, as evidenced by two men who were arrested this week for producing fraudulent documents to finance the purchase of motorcycles from three dealerships in Long Island,...
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MotoLease Revs Up New Inventory Website, Dealer Portal
MotoLease LLC is bolstering its technology initiatives this year, starting with a new dealer inventory website, Managing Partner Emre Ucer told Powersports Finance. The new site will allow authorized...
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Dealer Roundup, Part III: 6 Powersports Dealers Offer Lender Feedback
Dealers want “set contacts” for each of their lender partners to avoid speaking to different representatives every time they call about a loan or lease deal. That is one of the key takeaways from...
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Mercedes-Benz Financial Ranks Highest in J.D. Power Study for Third Year
Vision Mercedes-Maybach 6 Cabriolet For the third year in a row, Mercedes-Benz Financial Services ranked highest in the J.D. Power 2017 U.S. Dealer Financing Satisfaction Study in the categories of...
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Sharing Secrets — Roadblocks to Creating a Dealer Fraud Detection Network
With dealer fraud reaching “higher than normal” levels for Pelican Auto Finance LLC, the subprime lender has been looking to develop a lender network to share dealer fraud insights, said Troy...
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