AmeriCredit Signs Agreement with Finance Express Auto Finance Program
RANCHO SANTA MARGARITA, Calif., Feb. 3, 2006 -- Finance Express, which operates the first online auto finance platform specifically designed for the independent dealer, today announced that it has signed an agreement with AmeriCredit to join its online auto finance program. AmeriCredit is one of the most prestigious auto finance companies in the United States, providing services to approximately one million customers and $11 billion in managed auto receivables.
About Finance Express:
Finance Express provides financing programs for all levels of credit through its relationship with national and regional lenders. It offers an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, lead generation, dealer management tools and licensed escrow services. It is a comprehensive program that provides auto dealers with online access to lenders, credit bureaus, customer leads and a full range of dealer management services in a single seamless solution. At the same time, it is the only solution available that provides auto lenders with the assured safety and security of completing their transactions through a fully licensed escrow company.
About AmeriCredit:
AmeriCredit Corp. is a leading independent auto finance company. Using its branch network and strategic alliances with auto groups and banks, the Company purchases retail installment contracts entered into by auto dealers with consumers who are typically unable to obtain financing from traditional sources. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit http://www.americredit.com/.
David Huber, President of Finance Express, said, "We are extremely excited about the addition of a lender with the size and reputation of AmeriCredit. Their company has been a leader in auto finance for a long time, and we feel fortunate that they see the benefit of participating with us on the Finance Express and Escrow.com systems. AmeriCredit is extremely well known and has always provided their customers with quality products and excellent service. We believe that the addition of AmeriCredit offers a significant advantage to all of our dealers and the customers they serve."
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