Bad Credit - No Problem - Buy on eBay Motors Get Guaranteed Financing

Automotive Capital Group is One of the First to Offer Financing on eBay Autos With No Credit Check

SCOTTSDALE, Ariz., Aug. 5 -- Automotive Capital Group, Inc. announced today the company is now offering vehicles on eBay Motors with no credit check financing. The company is offering cars, trucks and SUVs on eBay Motors and is one of few to offer financing to eBay users regardless of credit score. Automotive Capital Group, Inc. guarantees financing on the vehicles they sell through the auction site. The company is looking to sell a significant amount of autos on eBay Motors while offering a solution to sub-prime auto buyers who can't get approved by conventional banks.

Automotive Capital Group, Inc. announced they are acquiring Colfax Financial, which has two profitable automobile dealers located in Arizona. The company created a very successful finance program that allows individuals with no credit, bad credit, bankruptcies, repossessions and other credit issues the ability to purchase a slightly used vehicle. Automotive Capital Group, Inc. is bringing its concept to the Internet using both eBay and the company's e-commerce site scheduled to launch next week. The launch of the site is significant because very few dealers offer loans with "click here financing" options without a credit check. Automotive Capital Group, Inc. also announced they will be launching PEZGORDO.com later this month, which is the Spanish version of the site. The site will focus on selling autos with financing options to the Hispanic market.

For the first time, the company is expanding into cyberspace and looking to become a major online player. The company's turn to the Internet is the next step in accomplishing the goal of selling over 200 automobiles each month with an average selling price of $10,000. The company is looking to finance each car and also offer auto dealers sub-prime loan programs. The company expects significant growth in auto sales using the Internet as a tool to educate buyers about financing options at Automotive Capital Group. Interested buyers can apply at http://www.autocapitalgroup.com/ to fill out an online application.

Business Outlook

Automobile Capital Group, Inc. provided guidance last week indicating it currently targets revenue range of $8 to $10 million with earnings of $0.30 per diluted share over the next 12 months once the merger of both Colfax Financial and Navicom Inc. are completed.