Ameritrust to act as lease partner for myAutoloan

Executive Summary

• Ameritrust Financial Technologies Inc. entered a 24‑month national lease partnership with online automotive finance marketplace myAutoloan.com, granting Ameritrust exclusive rights to all lease applications generated by the platform.
• The agreement is contingent on completion of financing facilities that Ameritrust is securing through a brokered offering currently being finalized.
• Both companies will integrate their technology platforms to deliver combined lease and loan financing options to consumers across 48 states and D.C.

Key Details

• Agreement Scope: 24‑month term with automatic annual renewal; either party may terminate with 90 days’ notice prior to term end.
• Exclusivity: Ameritrust receives exclusive rights to all lease applications from myAutoloan.com during the agreement period.
• Financing Condition: Partnership activation is dependent on Ameritrust closing its previously announced brokered offering to fund the required financing facilities.
• Platform Integration: Joint technology teams will integrate Ameritrust’s leasing platform with myAutoloan.com’s marketplace, enabling simultaneous lease and loan options for consumers.
• Market Reach: myAutoloan.com processes >200,000 consumer applications annually and operates in 48 states plus the District of Columbia, expanding Ameritrust’s potential lease volume nationwide.

Notable Quotes

“We believe the partnership with myAutoloan.com is a great opportunity for Ameritrust to generate new and used vehicle leasing and loan financing contracts to myAutoloan.com's customers nationwide.” – Jeff Morgan, CEO, Ameritrust

“We are excited to be able to offer our customers new and used vehicle lease financing options… the many benefits of Ameritrust's lease financing will lead to increased applications being financed through myAutoloan.com's automotive financing marketplace.” – Gregory Thibodeau, Co‑founder & CEO, myAutoloan.com