Northeast Auto Acceptance Corp.'s Internet Sales Division Posts Strong Sales

MERRICK, N.Y.--April 20, 2005--Northeast Auto Acceptance Corp. (OTC: NAAC) announced today that the company's Internet sales division, Northeast Online, which is located at www.neaaonline.com, has sold over $850,000 worth of vehicles since the site went live in mid-January.

Bill Solko, Northeast's CEO stated, "We're very happy with the response that Northeast Online has received. While the total sales number accounts for only a small percentage of our company's total revenue, it is gratifying to see both our existing customers, as well as new customers, embrace this new sales platform. The site is available to auto dealers worldwide, so we obviously feel that there is a great opportunity for growth here. We are looking forward to developing new relationships, as well as strengthening existing ones by offering customers the opportunity to utilize this technology."

About Northeast Auto Acceptance Corp.

Northeast Auto Acceptance Corp. focuses on the wholesale segment of the auto industry. The company specializes in the marketing of vehicles on a national basis, which allows them to take advantage of seasonal and geographical pricing disparities. Northeast, a leader in this highly fragmented industry, has sold more than $200 million worth of vehicles during its 10 years of operation. The company has offices in the New York metropolitan area.