ACS Introduces New Lender Platform for Dealers

December 15, 2009

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CINCINNATI — Automobile Consumer Services recently launched the DriveItNow.net Lending Gateway to give dealers access to financing and leasing sources.

DriveItNow.net is designed to help alleviate the problem dealers are having with a tightened credit market by providing a platform of financing and leasing sources they can offer to their customers.

According to the company, more than 1,300 dealers are currently signed up for the program. Funding options include leases and loans for new and used vehicles, including commercial, fleet, exotics and RVs.

ACS indicated that dealer benefits include:

—Access to financing sources

—Quick approvals and funding

—Simple quoting system and application submission

—Reserve participation

—Payment marketing

"In this tight credit market, dealers are looking for more ways to finance car buyers," explained Tarry Shebesta, president of ACS. "The DriveItNow.net lending gateway gives them a competitive edge and helps them sell more cars."

Company officials went on to say that DriveItNow.net is equally important to banks and credit unions who are looking for ways to grow their auto loan portfolios.

Lender benefits can include:

—Increased market share

—Improved portfolio performance

—Reduced operational costs

—Excellent look to book ratios

—Increased dealer network

—Risk mitigation

"DriveItNow.net gives lenders a safe and secure way to expand their indirect business, write loans based on their credit criteria and mitigate risk when doing business with third parties," concluded Shebesta.