Greg Thibodeau | CEO of myAutoloan.com

Introduction

Success leaves clues.
Finance Strategists sat down with Greg Thibodeau of myAutoloan.com. He shared his thoughts on the past, present, and future of the company, as well as insight gained from running the business.

Who is Greg Thibodeau?

Q: Who are you and what’s your background? 

Born in France on a Canadian air force base, my family moved to Canada in 1964, emigrated to the US then became a US citizen at age 17. Mid-western raised, a graduate of Utah State University with a BS in economics. Fresh out of college, I went to work with Chrysler Credit Corporation in their management training program. Within 2 years, I was recruited to a sub-prime finance start-up, SNAC, then recruited to a large sub-prime finance company, The Finance Company. Eventually moving on to Capital One Auto Finance, Mercedes Benz Credit entity, giggo.com, Americredit, and then co-founded myAutoloan.com.

Q:  Who has been your biggest influence, and why did they have such a significant effect on you? 

Jesus Christ, late to be “reborn” my faith in Jesus has influenced me beyond any other influences in my life. My faith has brought me humility, empathy, reduction in pride, and joy-filled adult life. My faith has had a profound change in all my relationships including family, friends, employees, business associates, and how I lead myAutoloan.com

Q:  Knowing what you know now, what advice would you give your younger self? 

Wish I would have reached out to Jesus and found faith early in life.

Business

Q:  What is myAutoloan.com? 

Since 2003, myAutoloan.com operates a direct-to-consumer lending marketplace for auto and motorcycle loans. Utilizing a large lender network, myautoloan.com is directly connected to our lenders’ decision engines. A consumer applies for purchase new/used, refinancing, private party, or lease buyout loans and within seconds, we display to the consumer up to 4 loan offers to choose from. Consumers have up to 30 days to select the loan that best fits their needs. Furthermore, we are currently holding 4 patents to protect our 5-star processes.

Q:  What makes myAutoloan.com different from its competitors? 

Choice, transparency, clarity in lending, and the ability to become fully informed prior to, during, and after the lending process. With valuable web-based tools, content, and award-winning articles, myautoloan.com excels at providing consumer value through the lending lifecycle.

Q:  What led you to start myAutoloan.com? 

Being in the lending space my entire career, a thirst for something better than going to a dealership and experiencing a process that most consumers would classify about as unpleasant as getting your teeth pulled. There had to be a better way. We discovered it, built it, and experienced it every day.

Q:  What has the experience of building the business taught you? 

Humility, perseverance, and gratitude.  

Q:  Where do you see things headed for you and the company in the next 5 years? 

myAutoloan.com is currently in a growth cycle. Generally, from the start of Covid, it looked bleak, which changed quickly as during the lockdown, consumers flocked to myAutoloan.com to refinance their vehicle, giving us an outstanding finish to 2020. The trend continued with a slight twist as consumers flush with savings look to buy new and used vehicles and MyAutoLoan.com is here to help. Eventually leading us to an exit within 5 years.

For more information, visit myautoloan.com