Autoweb.com Teams With PeopleFirst.com to Offer Efficient Auto Financing

1 March 2000
Autoweb.com Teams With PeopleFirst.com to Offer Efficient Auto Financing
      Consumers to Receive Online Loan Application Approval in as Little
                                As 15 Minutes

    SANTA CLARA, Calif. and SAN DIEGO, March 1 -- Autoweb.com
, the premier consumer automotive Internet service, today
announced that it will offer auto financing services through PeopleFirst.com,
a leading online auto lender.
    PeopleFirst.com originates and services its consumer vehicle loans almost
entirely over the Internet. As a direct lender, PeopleFirst.com guides the
consumer through every stage of the auto financing process, from application
to final payment.  The agreement gives Autoweb consumers convenient access to
highly competitive loan rates and a rapid decision process -- as little as
15 minutes on most applications.
    "The partnership with PeopleFirst.com is another example of how
Autoweb.com continues to put consumers first," said Sam Hedgpeth, president
and chief operating officer, Autoweb.com.  "PeopleFirst's customer service
orientation, convenient financing process, and competitive rates will help us
deliver a better loan experience to consumers."
    "We completely share Autoweb.com's commitment to the customer, and are
pleased to be offering our financing products as part of their comprehensive
auto buying process," said Gary J. Miller, co-founder and CEO,
PeopleFirst.com.
    The agreement has placed PeopleFirst.com icons and integrated links in
both the Autoweb Finance Center and New and Used Car Purchase Request portions
of the Autoweb.com site.  On the New and Used Car Purchase Request pages,
consumers will be given the option to apply for financing when a purchase
request is submitted.  PeopleFirst.com will process most loan applications
within 15 minutes.  With the overnight delivery option, approved loans will be
fulfilled within one business day, including sending all necessary
documentation to the consumer.

    About Autoweb.com
    Autoweb.com is the leading consumer automotive Internet service, guiding
consumers through every stage of vehicle ownership.  From research and buying,
to enjoying, maintaining and selling, Autoweb.com delivers what consumers
want. Starting with comprehensive, unbiased automotive research, Autoweb.com
also provides many options to buy new and used vehicles through its auction
and dealer referral commerce channels.  Autoweb.com works with more than
5,000 Member Dealers and other commerce partners to provide the best
experience at every stage of vehicle ownership.  For more information, please
visit http://www.autoweb.com.

    About PeopleFirst.com
    Founded in 1995, PeopleFirst.com is a leading online lender, originating
and servicing its consumer loans almost entirely over the Internet.
    PeopleFirst.com was the pioneer of "blank check" auto lending, an
innovative finance option that gives loan recipients a no-obligation check
that can be used for the purchase of a new or used vehicle at most dealerships
in the country, as well as lease buyouts and refinancing of existing loans.
Motorcycle loans were added in January 2000.  Additionally, through an
exclusive agreement with Mail Boxes Etc., PeopleFirst.com is the first company
on the Internet offering loans for the purchase of vehicles from individuals.
    PeopleFirst.com has additional relationships with Creditland, Edmunds.com,
Insweb, Kelley Blue Book, LendingTree.com, MSN CarPoint, NADA, Telebank, and
Yahoo!, among others.  The company presently offers auto loans in 47 states
plus the District of Columbia.  To obtain more information about the company,
call PeopleFirst.com at 800-698-1789 or visit the company's Web site,
http://www.peoplefirst.com.

    Statements in this news release, including statements that include words
such as "expects," "believes" or other future-oriented statements, contain
forward-looking statements that involve risks and uncertainties that could
cause actual results to differ from anticipated results.  These risks and
uncertainties include the difficulties inherent in coordinating the services
of the two companies, or changes in the statutory or regulatory environment.
Further information on risk factors that could affect the company's results is
detailed in Autoweb's filings with the Securities and Exchange Commission,
including its Registration Statement on Form S-1 (No. 333-71177) and its Form
10-Q for the quarter ended December 31, 1999.