Onyx Acceptance Corporation Accelerates the Auto Finance Process Through DealerTrack

    MELVILLE, N.Y.--Sept. 10, 2002--DealerTrack.com, Inc. announced today that Onyx Acceptance Corporation, a leader in near prime and prime automobile lending, has gone live on DealerTrack's Internet-based auto financing system. Dealer customers of Onyx are now able to benefit from faster application decisions and better communication with Onyx's credit analyst through DealerTrack(TM).
    "We are extremely pleased to partner with Onyx Acceptance Corporation and provide its dealer subscribers with an efficient, cost-effective avenue for obtaining auto loans online," said Mark O'Neil, DealerTrack's President and Chief Executive Officer. "Expanding our services to include Onyx, a leader in the special finance sector, furthers our goal of providing the very best in choice, convenience, and value in the online automotive lending arena. We look forward to a long and successful relationship with Onyx and its dealer customers."
    "We are excited about the benefits DealerTrack's technology will bring to our dealers and our own business. Through their online finance platform, our dealer customer will see improvements in the level of communication and service provided by Onyx, while we enjoy increased efficiencies," said Frank Marraccino, Executive Vice President of Onyx Acceptance Corporation.
    Onyx's dealer customers are able to gain immediate access to DealerTrack's online credit application functionality at no cost. The result is a more efficient workflow process, lower costs, improved accuracy and reduced processing time for dealers and an ultimately easier, faster experience for the consumer.

    About DealerTrack.com, Inc.

    DealerTrack.com, Inc. is the leading technology services company enabling financial transactions between automobile dealers and lenders. The company provides an impartial, end-to-end loan and lease transaction channel that improves efficiency and profitability for lenders and dealers by automating credit processes, speeding lending communications and minimizing transaction expense through the use of the Internet. More than 16,500 dealerships nationwide currently use the DealerTrack system to electronically communicate and transact with their lenders.
    For more information about DealerTrack, please contact Michael Kurdziel, Vice President of Marketing, 805/963-8688 x123 or mike.kurdziel@dealertrack.com. Auto dealers may contact DealerTrack at 877/357-8725; interested lenders may contact Rich McLeer, National Alliance Manager, 631/486-1649 or richard.mcleer@dealertrack.com.

    About Onyx Acceptance Corporation.

    Onyx Acceptance Corporation is a specialized automobile finance company based in Foothill Ranch, CA. The Company provides prime and near-prime financing to franchise and select independent dealers throughout the United States.