"Finance Express is the best platform I've seen for integrating buy here pay here
and special finance together. It can be a total capital solution."
Kenneth B. Shilson, CPA
President, Subprime Analytics
Principle, Shilson, Goldberg, Cheung & Associates, LLP
Founder and President, National Alliance of Buy Here Pay Here Dealers
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Automotive Credit Corporation Joins the Finance Express Auto Finance Program
RANCHO SANTA MARGARITA, CA, Aug 19, 2005 -- Finance Express, which
operates the first online auto finance platform specifically designed
for the independent dealer, today announced that it has signed an
agreement with Automotive Credit Corporation (ACC), to join its online
auto finance program. ACC is a leading independent automotive finance
company and currently serves dealers throughout Michigan, Ohio, Indiana,
Kentucky and Tennessee. In addition, ACC will be entering the Illinois
market in the 3rd quarter of 2005. Through its program integration with
Finance Express, ACC will be able to accelerate and automate the auto
finance process for its independent dealers. David Huber, Finance
Express President, said, "we're thrilled to have Automotive Credit Corp.
join our network, and are certain that this additional financing option
will offer continued benefits to our dealer subscribers. We look forward
to a great relationship with Automotive Credit Corp".
About Finance Express
Finance Express provides financing programs for all levels of credit
through 36 national and regional lenders. It offers an integrated menu
of services including credit application processing, credit bureau
access, inventory management, electronic contracting, dealer management
tools and licensed escrow services. It is a comprehensive solution that
provides auto dealers with online access to lenders, credit bureaus and
DMS tools and at the same time, through its fully licensed escrow
company, provides auto lenders with a method of completing their
transactions safely and securely.
About Automotive Credit Corporation
ACC purchases retail installment contracts entered into by auto dealers
with consumers who are typically unable to obtain credit from
traditional sources. Since 1992, ACC has helped thousands of people by
providing financing when others would not, allowing them to rebuild
their credit and get back on the road to success. While many other
finance companies have come and gone in the last 13 years, ACC has been
a consistent and reliable source of funding for its dealer partners.
Additional information regarding the programs offered by ACC is
available at www.automotivecredit.com. John Cavanaugh, Chief Financial
Officer of ACC said, "We are continually evaluating new ways to enhance
our relationship with our dealer partners. We are very selective about
who we partner with and are confident that this partnership with Finance
Express will greatly benefit both ACC and our dealers".
CONTACT:
David L. Huber
Finance Express
(949) 635-5892
dhuber@financeexpress.com
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