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2 March 2020

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LendCare Announces Partnership with CFMOTO Canada

TORONTO, March 3, 2020 – LendCare Capital, a leading Canadian point-of-sale finance and technology company, announced today that they have signed a partnership agreement with powersports manufacturer, CFMOTO Canada. CFMOTO manufactures leisure vehicles that are distributed in over 70 countries with a vast powersport dealer network across Canada and are a world leader in the production of liquid-cooled engines for quad and side-by-side vehicles.

“It was an obvious strategic and collaborative partnership for both companies,” said Ali Metel, CEO, LendCare Capital. “By combining the resources and reach of a world-renowned leisure manufacturer with the#1 non-prime powersports lending company in Canada, we will be able to extend specialized financing opportunities to more Canadian consumers.”

LendCare will provide financing solutions, customized to CFMOTO’s Canadian-based dealer network, enabling their customers to finance CFMOTO products, seamlessly at the point-of-sale.

“Building relationships with well-established Canadian companies like LendCare, creates new opportunities for both our brand and dealer network to capitalize on better serving our Canadian customers,” said Rodolphe Arenales, General Manager, CFMOTO Canada. “We are proud to have LendCare as a financing partner and look forward to what our companies will accomplish together.”

CFMOTO Canada and LendCare bring a wealth of experience in the leisure industry and have spent a combined three decades servicing Canadian businesses and consumers.

About LendCare

LendCare Capital Inc., is an industry-leading point-of-sale financing subsidiary of goeasy Ltd. (TSX:GSY). Through a network of approximately 7,500 merchants and innovative technology, LendCare offers financing for vehicles, powersports, retail purchases, healthcare procedures and products, and home improvements. goeasy is one of Canada’s leading non-prime consumer lenders offering a full suite of leasing and lending products to the non-prime consumer. Founded in 1990, goeasy has spent the past 33 years providing approximately 1.3 Million Canadians with access to $10.7 Billion in consumer credit.

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About CFMOTO

Founded in 1989, CFMOTO designs and manufactures recreational sports vehicles. It has an annual production capacity of 800,000 engines and 600,000 vehicles distributed in over 70 countries.

CFMOTO Media Inquiries: Daniel Fortin, Marketing Coordinator [email protected] | 1-877-463-3940 Related links: CFMOTO.CA


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