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John C. Redding Quoted in Powersports Finance Article, “Less Regulation Prompts Startups to Offer Leases Versus Loans”

Powersports Finance

John C. Redding

John C. Redding was quoted on March 22, 2017 in a Powersports Finance article, “Less Regulation Prompts Startups to Offer Leases Versus Loans.” The article discussed the increased interest in leasing versus loans and traditional financing, due to less regulatory requirements. The article stated, “Leases include a ‘money factor,’ rather than an annual percentage rate (APR), according to the Consumer Financial Protection Bureau. A money factor is the alternative method of presenting the amount of interest charged on a lease with monthly payments.”

Redding added, “When considered on a national basis, the regulatory burden related to licensing for the acquisition of leases tends to be lower than it is to acquire retail purchase contracts for both powersport products and automobiles. The burden can, of course, vary by state.”

Click here to read the full article at powersportsfinance.com.