AmeriTrust Financial, an independent automotive finance company and a subsidiary of AmeriTrust Financial Technologies Inc., entered into a global lease partnership with Overseas Military Sales Corporation (Military AutoSource) to provide new- and used-vehicle leasing for U.S. military personnel worldwide. Under the agreement, AmeriTrust will serve as Military AutoSource’s exclusive used-vehicle lease partner, while also supporting new-vehicle lease options through the program.
In addition to U.S. military customers, the program will also support qualifying foreign nationals working in the United States for defense contractors and other defense-related employers. For these customers, securing a vehicle can be challenging when traditional U.S. credit files do not fully reflect their financial profile or ability to pay.
Through the partnership, Military AutoSource will add AmeriTrust’s lease platform to its existing vehicle-buying and retail finance offerings, giving service members lower-payment transportation options without relying solely on longer-term retail financing. For AmeriTrust, the partnership creates access to a specialized customer channel with a history of strong payment performance, supported by Military AutoSource’s long-standing relationships with military, DoD, diplomatic and defense-contractor customers.
Military AutoSource has served the military community for more than 60 years, operating as the authorized overseas vehicle-buying channel for U.S. military, DoD and diplomatic personnel serving abroad or at sea.
“Leasing is one of the most effective ways to give customers reliable transportation at a more affordable monthly payment, and we are especially proud to bring that option to the men and women who serve our country,” said Jeff Morgan, CEO of AmeriTrust Financial. “The two companies have worked well together for months solving logistics, technology and legal barriers in order to bring this relationship to market.”
AmeriTrust will provide lease structuring, funding and servicing for the new offering. Military AutoSource and its affiliated organizations will continue to manage customer relationships, vehicle sourcing and program operations through their established military and defense-market channels.
David Goldring, CEO of Military AutoSource, said, “Military AutoSource was built to help military customers access the vehicles they need, wherever their service takes them. Adding AmeriTrust’s lease platform allows us to expand that commitment with a lower-payment option at a time when vehicle affordability remains a real concern. We are excited to now offer greater flexibility with leasing, alongside traditional purchase and retail finance solutions.”
