LITTLETON, Colorado—PassTime®, a leading provider of automotive, motorcycle and powersport GPS Solutions announced it has been selected by Fuel Capital Group, which provides financing and lease options for motorcycles, as its exclusive partner and provider for GPS Solutions.
It is the device we’ve been waiting for and we will now be able to provide financing options to even more riders while protecting the quality of our portfolio.
The partnership will make PassTime an integral piece of Fuel Capital Group’s funding program to consumers with less than perfect credit, and will help provide access to financing that may otherwise not be available to consumers wishing to purchase or lease a motorcycle.
The program will utilize PassTime’s revolutionary new hardware platform, Encore®, a battery-powered GPS solution that does not require any vehicle power to operate, and therefore won’t cause any drain on the motorcycle battery. Additionally, consumers in the program will have the option to utilize the Encore GPS device themselves, as a theft recovery solution. Through PassTime’s InTouch VP program, consumers can download the mobile app to monitor their motorcycle’s location history and activate the device in the event of a theft, adding valuable protection.
“We think PassTime’s Encore device is a perfect fit for our program. The fact that it can be used on a motorcycle and not drain the battery is really a game-changer. It is the device we’ve been waiting for and we will now be able to provide financing options to even more riders while protecting the quality of our portfolio,” said Stephen Pietrowicz, Sr. VP of Sales and Marketing.
At the core of Fuel Capital Group’s strategy is a technology driven platform that provides dealers with near immediate approvals, 100 percent paperless DocuSign contracting and 48-hour funding commitment. Fuel’s mission is to become their dealer partners’ preferred funding solution by offering dealers and consumers a full credit spectrum of options with a fast seamless application, approval and funding process.
“Having Fuel Capital Group as a powersports finance partner is a tremendous value to PassTime customers. Fuel Capital’s focus on technology to make a better lease and finance experiences for its dealer partners and consumers mirrors PassTime’s commitment to providing GPS technology that allows finance companies to protect their assets, while also giving riders a GPS theft recovery solution that won’t drain their battery,” stated Kevin Carr, VP of financial services for PassTime
Fuel Capital Dealer Partners who participate in the PassTime program can order GPS solutions easily through the dedicated online order portal.