"The Finance Express platform creates profit opportunities for
independent dealers while increasing dealership compliance at the same time; I
am proud to be a part of this dynamic opportunity."
Keith Whann
Principal, Whann & Associates
General Counsel, NIADA
"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
|
| |
 |
 
View Printable Version
CITIFINANCIAL AUTO AND FINANCE EXPRESS ANNOUNCE AGREEMENT THAT ADDS LENDER TO INTEGRATED PLATFORM
IRVING, TX February 8, 2008 -- CitiFinancial Auto and Finance Express announced today the
addition of the auto lender to the Finance Express integrated platform. Finance
Express operates the premier dealer management system with an integrated
auto finance platform specifically designed for independent used car dealers.
"This agreement expands our program offerings to the Independent Dealer
Market," said Rajive Chadha, President of CitiFinancial Auto. "What this means
to dealers is we can offer an enhanced and diversified product line through a
proven, reliable platform."
CitiFinancial Auto services automobile accounts for new and used vehicles,
providing innovative financing programs designed for long-term success.
CitiFinancial Auto will be available as a lending source for qualifying independent
dealers who utilize the Finance Express dealer management system.
"CitiFinancial Auto provides solid financing options for our dealers," comments
David Huber, President of Finance Express. "CitiFinancial Auto is one of several
major new lenders joining Finance Express, which means we are rapidly
approaching our goal of providing dealers numerous alternatives in each credit
tier."
Finance Express has a comprehensive risk mitigation program that has created
significant opportunities for both independent dealers and lenders choosing to
participate on the company's platform.
About CitiFinancial Auto
CitiFinancial Auto, a member of Citi, is a leading nationwide provider of automobile financing and
refinancing solutions. For more than 50 years, CitiFinancial Auto has provided auto loans
through dealerships, later expanding solutions to include direct to consumer products and online
loan applications.
About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and
does business in more than 100 countries, providing consumers, corporations, governments and
institutions with a broad range of financial products and services, including consumer banking
and credit, corporate and investment banking, securities brokerage, and wealth management.
Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and
Nikko. Additional information may be found at
www.citigroup.com or
www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act. These statements are based on management's current
expectations and are subject to uncertainty and changes in circumstances. Actual results may
differ materially from those included in these statements due to a variety of factors. More
information about these factors is contained in Citigroup's filings with the Securities and
Exchange Commission.
About Finance Express
Finance Express is the leading dealer management system designed specifically for the
independent dealer. The Finance Express system includes inventory management, credit
application processing, contracting, links to lending sources, buy here pay here, dealer
management tools, loan servicing, accounting systems integrations, licensed escrow services,
and more. The Finance Express platform provides dealers online access to an end-to-end dealer
management solution, while providing a secure environment for participating lenders. For more
information about Finance Express visit
www.financeexpress.com.
Media Contacts:
CitiFinancial Auto
Mark Rodgers
212.559.1719
Finance Express Corporate Communications
949.635.5892
|
|
