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Triad Financial Prices $100 Million Auto Loan ABS

10 December 1998

Triad Financial Prices $100 Million Auto Loan ABS

    NEW YORK--Dec. 9, 1998--Triad Financial Corporation, a subsidiary of ContiFinancial Corporation , has priced a $100 million Auto Loan asset backed security issue. The issue, Triad Auto Receivables Owner Trust 1998-4, is structured with one class of notes and a 100% surety wrap credit enhancement.

The notes to be issued by the Trust are as follows:

               Amount
 Class      ($ Millions)         Coupon            S&P/Moody's
 -------------------------------------------------------------

   A           $ 100.0             5.98%              AAA/Aaa

    The notes were priced at 99.98713% of par. The offering was managed by Credit Suisse First Boston.
    Triad is an automobile finance company based in Huntington Beach, California, engaged in the business of purchasing and servicing prime and non-prime retail installment sale contracts, primarily for late model used vehicles, from over 2,000 automobile dealers in 30 states.
    ContiFinancial Corporation is a diversified financial services company, with headquarters in New York City and over 3,000 employees nationwide. The Company, through ContiMortgage Corporation and other subsidiaries, is a leading originator, securitizer and servicer of home equity loans made to borrowers whose needs may not be met by traditional financial institutions. In addition, through Keystone Mortgage Partners LLC, the Company arranges financing for a wide range of commercial real estate. Through ContiTrade Services L.L.C., the Company also provides financing and securitization services and, through ContiFinancial Services Corporation, bond placement services, to subsidiaries and other originators of a broad range of loans including home equity loans; home improvement loans; prime, non-prime and sub-prime auto loans; equipment leases; charged-off consumer debt and franchisee loans.