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Auto Finance Veteran and Former Tesla National Lease Partner Launches AmeriTrust Financial to Fill Used-Car Leasing Gap
AmeriTrust’s platform is the first to deliver side-by-side loan and lease decisions from a...
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Auto Finance Veteran and Former Tesla National Lease Partner Launches AmeriTrust Financial to Fill Used-Car Leasing Gap .bwalignc { text-align: center; list-style-position: inside } .bwlistdisc { list-style-type: disc } AmeriTrust’s platform is the first to deliver side-by-side loan and lease decisions from a single retail application, with live-inventory calculators that enable lower payments on shorter terms. AmeriTrust Financial, an independent automotive finance company, today announced the launch of a fintech-driven lending platform designed to expand used-car leasing for franchised and large independent dealers nationwide. Backed by institutional investors and a group of billionaires, the company is scaling rapidly across the continental United States. AmeriTrust is currently the only independent lender that offers used-car leasing at a national level. Dealers can submit a single retail loan application to AmeriTrust and receive side-by-side decisions for both a loan and a lease. AmeriTrust’s technology automatically converts the application for lease structuring, helping dealers offer leasing without added paperwork or specialized calculations. Through used-car leasing, dealers can advertise lower monthly payments without extending loan terms. “With grocery bills up and used-car prices still high, consumers need a better path to affordability than simply stretching loan terms,” said Jeff Morgan, CEO of AmeriTrust Financial and former national lease partner to Tesla. “While extending terms can reduce payments, it also increases negative equity and default risk. Used-car leasing is a smarter alternative — and today, only a handful of OEMs provide used-vehicle lease options at scale, leaving a significant gap in the market.” In addition to side-by-side loan and lease decisions, AmeriTrust also offers: Pre-filled contract and title documentation: AmeriTrust automatically pre-fills all contract paperwork, including title applications and other state-specific forms, helping dealers avoid errors that can delay funding, require re-contracting, or even jeopardize the sale. Leases for every type of driver and credit tier: From leases with no mileage and wear-and-tear penalties to options for subprime credit, AmeriTrust offers multiple used-car lease structures designed to approve as many customers as possible....
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