Nissan Motor Acceptance Corporation and Infiniti Financial Services Implement DealerTrack's eContracting Product

Integration with Electronic Contracting Technology Brings Benefits of Paperless End-to-End Automotive Financing to More U.S. Dealerships

MELVILLE, N.Y., July 7 -- DealerTrack, Inc., a technology services company that speeds the automotive financing process through its DealerTrack(TM) online platform, today announced that two major captive automotive financing organizations -- Nissan Motor Acceptance Corporation and Infiniti Financial Services -- have implemented its eContracting product.

"We're thrilled to welcome these two members of the captive finance community to join our eContracting roster," said Mark O'Neil, DealerTrack president and chief executive officer. "This addition underscores DealerTrack's commitment to significantly increasing the number of financing sources connected to eContracting in 2004. We welcome additional captive finance companies to leverage the benefits of eContracting."

Four automotive financing sources initially helped DealerTrack pioneer its eContracting technology: Chase Automotive Finance, Subaru Motors Finance, Wells Fargo and WFS Financial Inc. These four industry leaders were the first to add eContracting to their existing DealerTrack platform integration -- offering their dealer customers the opportunity to leverage a paperless financing environment. Other top financing sources now continue to integrate with the technology.

By subscribing to this product, automotive dealer customers of both financing sources will benefit from a paperless, end-to-end automotive financing process. This process begins with the electronic submission and decisioning of an automotive credit application, and now continues all the way through the actual electronic contracting of the retail installment sales contract.

Fewer Errors, Faster Funding, Better Customer Experience

Launched in late 2002, DealerTrack's eContracting product enables dealers to electronically complete and instantly transmit contracts and other required data (including digital customer signatures) directly to participating financing sources. This process eliminates time-consuming paperwork while reducing both contracts-in-transit and reworking of contracts.

Most critically, eContracting speeds the entire process for both dealers and financing sources, allowing dealerships to receive their funding as fast as the same day. In the traditional paper-intensive process, shipping, cross-checking and finally booking a retail contract can take as long as several weeks -- with additional time added to the process if any mistakes are made when a paper contract is initially filled out.

Nissan Motor Acceptance Corp. and Infiniti Financial Services have both previously integrated their origination and decisioning systems with DealerTrack's core functionality -- the F&I Tool Suite. With the addition of eContracting functionality, dealer customers of both financing sources will be able to conduct the entire financing process electronically. This seamless process is further supported by DealerTrack's recent integration of its eContracting product with Reynolds and Reynolds, as well as the forthcoming integration with ADP.

O'Neil noted that DealerTrack expects to see a number of additional financing sources implement DealerTrack eContracting in 2004. "By year end, we expect the number of financing sources live with eContracting to rise to approximately 20. This will have a major impact in driving dealership adoption of the electronic contracting process," he said. O'Neil also said that he expects participating financing sources to process approximately $2.5 billion in eContracts by year end 2004.

About DealerTrack, Inc.:

With over 24,000 dealers and over 75 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products -- which work together as one easy-to-use, integrated solution -- includes: credit report access; credit application processing; electronic contracting; desking tools; activity reporting; and a dealer website product. Additionally, the DealerTrack platform features integration with top dealer management systems for credit reports, credit application processing and electronic contracting. Through its participation in AFSA, ASC X9, SPeRS, STAR and other organizations, DealerTrack continues to drive industry-wide technology standards to support the total financing process. More information on DealerTrack is available at http://www.dealertrack.com/ or by calling 877-357-8725.

About Nissan Motor Acceptance Corporation and Infiniti Financial Services:

Nissan Motor Acceptance Corporation (NMAC) and its Infiniti Financial Services (IFS) division purchase from their dealers throughout the United States retail and lease contracts for the complete line of Nissan and Infiniti vehicles. NMAC also provides wholesale floorplan, equipment, capital and mortgage loan financing to Nissan and Infiniti dealers. Making possible these programs and services are the approximately 700 employees of NMAC & IFS, who are located at its corporate headquarters in Torrance, California and at NMAC's Customer Service Center in Dallas, Texas, as well as a nationwide network of Financial Services Managers who work directly with Nissan and Infiniti dealers. Together, NMAC and IFS service over $15 billion in outstanding loans and leases for approximately one million customers. In addition, NMAC and IFS service over $1.6 billion in outstanding commercial loans.

NOTE: The tradename "Subaru Motors Finance" and the Subaru logo are owned by Subaru of America, Inc. and are licensed to Chase Manhattan Bank USA, N.A. ("Chase USA") and Chase Manhattan Automotive Finance Corporation ("CMAFC"). Retail accounts are owned by Chase USA and lease accounts are owned by CMAFC.