Key AutoFinance Selects DealerTrack to Automate Automotive Lending Processes

MELVILLE, N.Y.--Aug. 6, 2003--Key AutoFinance, a unit of Cleveland-based KeyCorp, has joined the growing list of financial institutions utilizing the DealerTrack(TM) auto finance platform. Use of the DealerTrack platform will help Key AutoFinance further accelerate its relationships among dealer clients currently using the auto finance platform.

Key AutoFinance dealer clients who use DealerTrack are now able to electronically submit loan applications to the lender. Key's dealer clients can also use the platform to pull credit reports, monitor changes in application status and share information instantly with Key AutoFinance and other approved financing sources on the platform. DealerTrack also offers dealers the ability to integrate with top dealer management systems.

Key AutoFinance plans to expand its use of the DealerTrack platform, eventually providing electronic contracting capabilities through DealerTrack's eContracting product.

"DealerTrack is a competitive advantage for Key," said Flavio Bortolotto, national retail sales manager for Key AutoFinance. "The technology improves business productivity for our clients by processing more loan applications more efficiently."

"DealerTrack is proud to announce the addition of another premier financial institution like Key AutoFinance," said Mark O'Neil, president and chief executive officer of DealerTrack, Inc. "Leading financial institutions continue to see the value of our platform as we speed the loan application process between our connected financing sources and dealers."

In operation since early 2001, the DealerTrack platform is now processing over two million credit applications per month.

About DealerTrack:

With over 20,000 dealers and over 35 lenders currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. The DealerTrack suite of products includes credit application processing, credit bureau access, electronic contracting and lease comparisons - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit bureau access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

About Key AutoFinance:

Key AutoFinance, a unit of Cleveland-based KeyCorp, offers automotive financing to dealers in 41 states. With more than 50 years of experience, Key AutoFinance provides clients retail, inventory and acquisition financing and loans, as well as a full suite of banking products and advisory services.

About KeyCorp:

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $85 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com,(R) that provides account access and financial products 24 hours a day.