"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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Vehicle Acceptance Signs with Finance Express Auto Finance Program
RANCHO SANTA MARGARITA, CA, June 20, 2006 - 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 Vehicle Acceptance Corporation, to join its online
auto finance program. Vehicle Acceptance is a leader in the purchase,
cash advance and servicing of Buy-Here-Pay-Here contracts.
About Finance Express:
Finance Express provides financing programs for all levels of credit
through its relationship with national and regional lenders. It offers
an integrated menu of services including credit application processing,
credit bureau access, inventory management, electronic contracting, lead
generation, dealer management tools and licensed escrow services. It is
a comprehensive program that provides auto dealers with online access to
lenders, credit bureaus, customer leads and a full range of dealer
management services in a single seamless solution. At the same time, it
is the only solution available that provides auto lenders with the
assured safety and security of completing their transactions through a
fully licensed escrow company.
About Vehicle Acceptance Corporation:
Vehicle Acceptance provides independent Buy-Here-Pay-Here dealers
immediate cash. The program is called "Cash Advance" and has, as the
only condition for funding, their lien along with the dealer on the
title. It is simple and reduces the dealer.s own cash in each deal. The
dealer knows exactly how much can be advanced. The advance is a
percentage of future P & I payments. No deal is too small. Funding is
within minutes, not days. Advance at any time, swap accounts or release
early allowing the dealer to manage his cash and obtain a high gross
profit per deal. Credit reporting and an exceptional collection staff
included. Founded in 1989, they operate in 18 states thru four regional
offices. Mrs. Daina Xavier, President said, "Finance Express gives us
the needed vehicle to continue our expansion into more states with the
confidence we are doing so with quality dealers and our titles will be
secure". For additional information on Vehicle Acceptance Corporation,
visit
www.vehicleacceptance.com
David Huber, President of Finance Express, said, "We are pleased with
the addition of a lender that funds the needs of the independent
Buy-Here-Pay-Here dealership community. Our goal is to provide access to
lenders in all levels of credit, allowing our dealers the opportunity to
approve every customer who walks in the door. Vehicle Acceptance
provides a unique product and we believe that the addition of Vehicle
Acceptance to Finance Express and Escrow.com offers a competitive
advantage to our dealers and an opportunity for them to create
significant value from this huge segment of the automobile marketplace".
CONTACT:
David L. Huber
Finance Express
(949) 635-5892
dhuber@financeexpress.com
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