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iMotors.com Now Taking Orders for 1999 Vehicles

18 April 2000

iMotors.com Now Taking Orders for 1999 Vehicles, the Latest Used Car "Model Year"

    SAN FRANCISCO--April 18, 2000--iMotors.com, the first and only used car e-tailer, announced today the addition of 1999 used car models to its "virtual" inventory.
    Until recently, `99s were not available in sufficient quantities for iMotors to be able to accept orders across the complete range of makes and models the company offers. iMotors can now allow customers to specify the '99 model vehicle they desire and still guarantee complete selection, top quality and fair price. Since iMotors deals exclusively in 1-5 year old cars, the company will discontinue availability of `94s.
    Unlike traditional used car retailers, iMotors has no vehicles in inventory or used car lots. Instead, iMotors allows customers to specify and order the exact car they want by choosing the year, make, model, mileage, options, and color preferences.
    iMotors then buys a vehicle to suit the order. When the order is received, iMotors' team of experienced buyers goes to work, tapping the company's network of off-lease vehicles and commercial auctions, buying at wholesale from a local dealer, or even a private individual, if it is necessary to fill an order. Once found, each vehicle must pass an initial quality check, including title search. Then iMotors transports the car or truck to a state-of-the-art iMotors Vehicle Certification Center (VCC) where it undergoes the most comprehensive testing and certification process in the industry.
    "A key part of the iMotors experience is the unlimited selection we have versus any other online or offline alternative a consumer is faced with," said Adam Simms, iMotors CEO. "As such, we only offer a model year when we're confident we can source it quickly for our customers. Now that `99s are widely available to us, we can make them available to our customers with complete selection and a fair price."

    Here's how iMotors works:

-- Customers specify the year (1995 - 1999), make, model, options and color preferences they want and place their order with $250 fully refundable deposit via the web site, www.imotors.com, or by calling 1-888-IMOTORS (466-8677).
-- iMotors' nationwide network of experienced buyers finds and buys the vehicle that meets the customers specifications and iMotors' high quality standards
-- iMotors transports the vehicle to one of its state-of-the-art Vehicle Certification Centers where ASE and I-CAR certified technicians, test, inspect and certify the vehicle. iMotors makes needed repairs, replaces parts, and performs preventative maintenance bringing the vehicle back up to like-new standards both mechanically and cosmetically.
-- iMotors delivers the car to the customer at the nearest, licensed iMotors Delivery Center. The customer reviews the vehicle, takes a test drive and signs all remaining paperwork. iMotors backs every vehicle with a 3-month/3,000-mile comprehensive warranty, a 7-day/700-mile money-back guarantee and an AutoBiography(SM), detailing the vehicle's history.

    About iMotors

    iMotors was launched in September 1999 as the Internet's first and only used car e-tailer, allowing customers to buy thoroughly tested, inspected and certified used vehicles entirely online. iMotors is a privately held company, backed by a renowned group of investors with successful track records at leading land-based retail and internet/e-commerce businesses. Investors include Oak Investment Partners, Global Retail Partners, Trinity Ventures, Vulcan Ventures, Rosewood Capital Partners, Moore Capital Management, Inc., and MeriTech Capital Partners. For additional information, visit www.imotors.com or call 888-IMOTORS (466-8677).