McMillan Shakespeare Limited
(ASX:MMS) subsidiary Interleasing has signed an agreement with DriveMyCar Rentals for Interleasing vehicles to be rented through the DriveMyCar Rentals marketplace.
DriveMyCar let vehicle owners rent their cars securely to other drivers and manages the marketing, performs credit & ID checks and processes payments.
Interleasing vehicles will now be rented to private drivers generating a secondary revenue stream for the company.
The additional vehicles will allow DriveMyCar meet the current excesses in ongoing demand, Interleasing has the scale and footprint to supply growing demand nationwide.
MacMillan Shakespeare reported a net profit of $55 million for the full year ended 30th June 2014.
