SAFCo Joins the Finance Express Auto Finance Program

RANCHO SANTA MARGARITA, Calif., July 18 -- 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 SAFCo -- the Southern Auto Finance Co. -- to join its online auto finance program. SAFCo is one of the country's fastest-growing special finance companies, with operations across 12 states and headquarters in Fort Lauderdale, Florida.

Among the advantages offered by Finance Express is a web-based interface that integrates a full range of financial services, including credit application processing, credit bureau access, electronic contracting and escrow services. "These are tools that independent dealers genuinely need to perform more effectively," said George Fussell, president and CEO of SAFCo. "Because both SAFCo and Finance Express are committed to delivering practical, effective programs that allow independent dealers to strengthen their performance, we're confident that this relationship will allow us each to maximize our potential benefit to literally thousands of dealerships. It means that potentially tens and tens of thousands of sub-prime customers can expect to receive the credit they're due."

About Finance Express:

Finance Express provides financing programs, electronically, for all levels of credit through its relationship with national and regional lenders. Its Internet-based software offers an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, dealer management tools and licensed escrow services. It is a comprehensive program that provides auto dealers with online access to lenders, credit bureaus and a full range of dealer management services in a single seamless solution. At the same time, through its fully licensed escrow company, it provides auto lenders with a method of completing their transactions safely and securely.

About SAFCo:

SAFCo provides special financing to more than 10,000 credit-challenged customers and currently carries $75 million in outstanding loans. The company specializes in hard-to-finance transactions and provides its dealer partners with programs and marketing resources that enable them to complete transactions with the broadest possible universe of automotive customers. Purchasers benefit from a finance program that rebuilds their credit through the consistent reporting of the loan payment process to reputable credit bureaus. More information is available online at http://www.gosafco.com/.

David Huber, president of Finance Express, said, "We're very pleased that a company with SAFCo's growth, scale and reputation has recognized the value that the Finance Express system offers. SAFCo is focused on generating success for their dealer partners by streamlining the special finance process and expanding the universe of potential buyers, both of which will be facilitated by our advanced, electronic systems."

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.