We Finance
They RYDE.
We are fintech meets powersports. RYDE’s goal is to reimage how your customers obtain powersports financing while providing dealerships with the ultimate one-stop lender of choice. Locally owned and operated, RYDE is one of Canada’s fastest growing finance companies.
What We Do
RYDE is a powersports financing lender with rocket-fast service and a proprietary risk assessment software platform. We are dedicated to growing your customer-base and increasing customer satisfaction with our relationship-based approach. Driven by an awesome team, cutting edge technology, and a dealership-centric approach, it’s time you partnered with an innovative lender.
Our Story
Launched in 2017 in Calgary Alberta, RYDE was introduced as Canada’s first motorcycle-only lender. We set out with the goal to resolve growing consumer and dealer frustration with auto-declines, capped advances, and inflexible lender terms by innovating the powersports finance industry. RYDE has become an industry leader as the only Canadian lender to offer prime through non-prime financing options on any age asset. Today, RYDE continues to innovate and transform how dealerships’ powersport assets are financed.
01
ONE-STOP APPROVAL
Unlike traditional lenders that target specific types of customers based solely on their credit profile, RYDE finances all customers including prime through non-prime. Increasing the likelihood of an approval for your customers, and more assets sold within one application.
02
BEYOND CREDIT SCORES
Using proprietary software combined with human logic to analyze applicant information, we look beyond traditional credit scores. This provides a more flexible approach to financing your customers.
03
INDUSTRY LEADING SERVICE
The RYDE Team works collaboratively, communicating every step of the process to ensure your dealership is treated as well as you treat your customers. Plus, our dealer reserves are some of the best in the industry.
04
REAL-TIME MARKET ASSET VALUES
Our technology assesses real-time market values on assets when an application is submitted, resulting in higher valuations for financing than other lenders – especially on used assets. Geography, brand reputation, and seasonality all play into a unit’s valuation.
05
PRE-APPROVALS
If your customers are unsure of their credit status or are having a hard time deciding on a specific unit, utilize our pre-approval submission option to increase your F&I efficiency and reduce declines.
06
FLEXIBLE DEAL TERMS
Loan terms and rates are customizable for every customer’s unique needs. Our lowest rates and longest terms are available on any age unit and any dollar amount.
Assets we finance
Motorcycle
ATV
Side X Sides
Dirtbike
E-Bike
Partner With Us And Start Submitting Loans The Same Day
Questions about our process and powersport financing?
FAQ
How do I partner with RYDE?
Call 1-833-801-4079 or email info@rydefinancial.ca to get the ball rolling. We want to understand your business and help your customers obtain financing
How can partnering with RYDE increase my dealership’s sales?
We offer approvals for the widest range of credit profiles in Canada – prime through non-prime. As a one-stop shop, we can help structure a flexible loan for your customer. Easier access to financing means more units sold and happier customers!
How long does it take to partner with RYDE?
Apply to partner with RYDE and in most cases start submitting loans the same day.
What types of dealerships do you work with?
We want to partner with established dealerships that have positive reputations in the marketplace.
How does RYDE process applications?
Combined with cutting edge software, all applicants are reviewed by a RYDE team member using real-world logic. This ensures that more deals get approved and deals do not fall into auto-decline status.
What are your rates and reserves?
We offer true prime rates, just like the large banks, through to non-prime rates. Our dealer reserves are some of the best in the industry.
We carry some older age units that lenders do not typically finance, will RYDE?
Yes, we will finance units of any age. Our amazing rates and terms are eligible on any unit, regardless of age.
Will RYDE sell my customer warranties or insurance products, either before or after a deal is signed?
Absolutely not, however we will happily finance your warranty and insurance products!
Once a deal is funded, how long until the dealership gets paid?
We will advance funds on your funded deal the same business day or the next business day, dependant on the timing of the submission for the funding package.
I have questions about my loan, how do I contact RYDE?
Call 1-833-801-4079 or email info@rydefinancial.ca to get the ball rolling. We are here to help answer your questions
How do I update and access my loan information, make additional payments or changes to my existing loan?
Call 1-833-801-4079 or email info@rydefinancial.ca. We are here to help answer your questions.
Are RYDE loans open-ended? Is there a fee for paying my loan off early?
Our loans are open-ended. Loans can be paid off partially or in-full any time without fee or penalty.
Does RYDE report my loan to the credit bureaus?
Yes, RYDE reports all loans to the credit bureau monthly.
Does RYDE work with every dealership? I am unsure if my powersports dealership is partnered with RYDE?
RYDE partners with dealerships across Canada. Just ask your preferred dealer. If they are not currently a RYDE partner, they can quickly and easily sign up to submit your deal.
I’m looking to finance a powersports unit, but not sure of my credit and or the specific unit. Can I get a pre-approval?
Absolutely. Ask your dealer to submit an application on your behalf to see if you qualify for a pre-approval.
Does RYDE finance out-of-province sales? What about private sales or older units?
RYDE works with dealers to finance out-of-province deals – it is not a scary process. Ask your dealer about financing a private sale through their rider-assist or consignment financing programs. RYDE will finance units of any age. Seriously.
I have changed banking and/or insurance providers – do I need to send you the information?
Please send us new banking information and insurance information whenever you make changes as required by your contract
How do I partner with RYDE?
Call 1-833-801-4079 or email info@rydefinancial.ca to get the ball rolling. We want to understand your business and help your customers obtain financing
How can partnering with RYDE increase my dealership’s sales?
We offer approvals for the widest range of credit profiles in Canada – prime through non-prime. As a one-stop shop, we can help structure a flexible loan for your customer. Easier access to financing means more units sold and happier customers!
How long does it take to partner with RYDE?
Apply to partner with RYDE and in most cases start submitting loans the same day.
What types of dealerships do you work with?
We want to partner with established dealerships that have positive reputations in the marketplace.
How does RYDE process applications?
Combined with cutting edge software, all applicants are reviewed by a RYDE team member using real-world logic. This ensures that more deals get approved and deals do not fall into auto-decline status.
What are your rates and reserves?
We offer true prime rates, just like the large banks, through to non-prime rates. Our dealer reserves are some of the best in the industry.
We carry some older age units that lenders do not typically finance, will RYDE?
Yes, we will finance units of any age. Our amazing rates and terms are eligible on any unit, regardless of age.
Will RYDE sell my customer warranties or insurance products, either before or after a deal is signed?
Absolutely not, however we will happily finance your warranty and insurance products!
Once a deal is funded, how long until the dealership gets paid?
We will advance funds on your funded deal the same business day or the next business day, dependant on the timing of the submission for the funding package.
I have questions about my loan, how do I contact RYDE?
Call 1-833-801-4079 or email info@rydefinancial.ca to get the ball rolling. We are here to help answer your questions
How do I update and access my loan information, make additional payments or changes to my existing loan?
Call 1-833-801-4079 or email info@rydefinancial.ca. We are here to help answer your questions.
Are RYDE loans open-ended? Is there a fee for paying my loan off early?
Our loans are open-ended. Loans can be paid off partially or in-full any time without fee or penalty.
Does RYDE report my loan to the credit bureaus?
Yes, RYDE reports all loans to the credit bureau monthly.
Does RYDE work with every dealership? I am unsure if my powersports dealership is partnered with RYDE?
RYDE partners with dealerships across Canada. Just ask your preferred dealer. If they are not currently a RYDE partner, they can quickly and easily sign up to submit your deal.
I’m looking to finance a powersports unit, but not sure of my credit and or the specific unit. Can I get a pre-approval?
Absolutely. Ask your dealer to submit an application on your behalf to see if you qualify for a pre-approval.
Does RYDE finance out-of-province sales? What about private sales or older units?
RYDE works with dealers to finance out-of-province deals – it is not a scary process. Ask your dealer about financing a private sale through their rider-assist or consignment financing programs. RYDE will finance units of any age. Seriously.
I have changed banking and/or insurance providers – do I need to send you the information?
Please send us new banking information and insurance information whenever you make changes as required by your contract
Brands We Finance
