Chrysler Financial Celebrates Industry-First Technology Milestones

-- Only U.S. Automotive Lender to Offer a Dealer Service Provider (DSP) Integrated Retail/Lease Contract Verification System

-- eContract available in All 50 States

-- First U.S. Automotive Lender to Receive Electronic Deal Packages via DSP

FARMINGTON HILLS, Mich., June 25 -- Chrysler Financial today announced its automated contract origination process has reached many industry-firsts. Chrysler Financial continues to lead the market with innovative dealership technology solutions.

AutOrigination First

Early this year Chrysler Financial completed a series of enhancements to their AutOrigination(R) product which enabled additional dealer service providers to seamlessly integrate. This industry exclusive contract data validation system edits more than 300 fields and guarantees that a contract is valid at the point-of-sale, eliminating costly errors and embarrassing customer issues. It is now available through 12 dealer service providers covering nearly all Chrysler, Jeep(R) and Dodge dealerships.

"Our 2008 goal is to AutOriginate more than 90 percent of all contract volume and process 25 percent of that volume through eContracting," said Kelly Mankin, Vice President - Marketing for Chrysler Financial.

Chrysler Financial continues to be the only U.S. automotive lender to offer a data verification system that can support both retail and lease transactions.

eContract First

Paperless technology for Chrysler Financial retail and lease transactions is now available to Chrysler, Jeep and Dodge dealerships in all 50 states through CF Connect. Dealers simply need to contact their dealer relations manager to request a start up kit and initial in-dealership training.

"With the national rollout of this technology, F&I Managers now have another industry-first, the ability to provide customer's their account number and first payment coupon at the point-of-sale," said Mankin.

Digital eForms First

Chrysler Financial is the first U.S. automotive lender to receive electronic deal packages from several dealers using CF Connect eContracting and ADP's Digital Contracting solutions. Chrysler Financial enables eSigning of the Retail Installment Contract or Lease Agreement while ADP facilitates electronic signatures for nearly all the remaining forms to create a complete, signed electronic deal. For more information on ADP's Digital Contracting solution, visit www.DealerSuite.com/contracting .

"Thinking of customer satisfaction and the elimination of unnecessary paper processing, we developed two ways to quickly obtain the eContract package via 'eFax' or ADP's Digital contract solution," said Mankin. "Reducing the time it takes to book an eContract increases dealer satisfaction, cash flow and most important, eliminates post delivery customer re-contracting."

The supporting forms for eContract can now be faxed eliminating dealer shipping costs and further decreasing days to contract booking.

"eFax and forms technology provides considerable long term dealer benefits, so it's important to develop and offer as many alternatives as possible," Mankin added. "With RouteOne we have plans to expand our current eContract, eFax/forms pilot to additional states," said Mankin.

Additionally, this technology will be applied to the Chrysler Financial enterprise including Chrysler Financial Canada and the extended Americas region in the future.

About Chrysler Financial

Chrysler Financial offers automotive financial products and services to both dealers and consumers of Chrysler, Jeep and Dodge vehicles in the U.S., Canada, Mexico, Puerto Rico and Venezuela. In addition to offering vehicle wholesale and retail financing to more than 3,500 Chrysler, Jeep and Dodge dealers, Chrysler Financial also provides fleet management and lines of credit to dealers. Currently, nearly three million drivers in the United States enjoy the benefits of leasing or financing with Chrysler Financial. Chrysler Financial has an employee base of 4,000 and supports a global portfolio of $70 billion.