---

Nationally-Known Auto Leasing Expert Releases Powerful New Auto Leasing/ Buying Software

2 February 1998

Nationally-Known Auto Leasing Expert Releases Powerful New Auto Leasing/ Buying Software Just in Time for Brand New Federal Lease Regulations

               With new Federal Disclosures, LeaseWizard(R) 2.0
      Gives Consumers an Unprecedented Advantage at the Bargaining Table

    COLUMBUS, Ohio, Feb. 2 -- In 1998, roughly one third of all
new vehicles acquired in this country are expected to be leased.  Despite the
Federal Reserve Board's new lease disclosure laws, which went into effect
January 1, 1998, most consumers who lease will have little or no idea whether
they are getting a good deal or whether they should have leased in the first
place.
    Enter LeaseWizard(R) 2.0 Lease and Loan Software for Windows, an
inexpensive software package designed to help consumers decide whether to
lease or buy their next automobile and ease them through the often confusing
financial process of evaluating and comparing offers on new or used vehicles.
    LeaseWizard is the creation of Michael Kranitz, attorney and author of the
nation's most highly-recommended consumer lease guide, "Look Before You Lease:
Secrets to Smart Vehicle Leasing, 2ND Ed." (recommended by Motor Trend,
Consumer's Digest, and Amazon.com).  Kranitz is also the creator and president
of the nation's leading Internet leasing site, LeaseSource (Kiplinger
Magazine's Best Leasing Site of 1997, USA Today "Hot Site," Lycos' #1 Rated
Auto Site, Excite/Webcrawler Leasing Information Partner, Home PC's "Top 500,"
and recommended in Automobile Magazine, Popular Science, Motor Trend & The New
York Times).

    The software features:

    --  Onscreen lease vs. loan vs. cash comparisons which take into account
        the user's personal saving habits and different lease-end scenarios to
        give an apples-to-apples comparison of the overall cost of leasing vs.
        buying.
    --  A national dealer network to which users can fax bid requests in order
        to receive free quotes from reputable local dealers.
    --  Instant estimates of the cost to get out of a lease early.
    --  Complete lease and loan reports with a disclosure of essential lease
        items plus recommendations on improving the user's deal.  Suitable for
        personal or professional use.
    --  Clear answers to the "cash back vs. low APR" conundrum on auto loans,
        showing the user exactly which deal will save the most money.
    --  Instant monthly lease or loan payments.
    --  A printed checklist of essential facts to get from the dealer before
        signing.
    --  Easy to apply sales tax settings for all 50 states and the District of
        Columbia.  Automatic calculation of federal luxury taxes.
    --  Flexible "rent charge" inputs which allow the user to use money
        factors, annual rates or the dual interest factors used by companies
        like Chrysler and GMAC.
    --  The Quick Calc tool to solve for any of six missing lease elements.
    --  Industry-standard residual values and prices on most every make and
        model since 1994.

    LeaseWizard 2.0 can save users hundreds, even thousands of dollars on
their next vehicle acquisition by making sense of the myriad facts and figures
that often confuse consumers when they buy or lease.
    LeaseWizard 2.0 carries a suggested retail price of $29.95.  Individuals
may purchase the software or obtain a free demo on the World Wide Web at
http://www.leasewizard.com or by phoning 800-838-8778.

SOURCE  LeaseSource