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Customer Credit Scores Enhance LeaseCompare.com, Eliminates Credit Discrimination

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Customer Credit Scores Enhance LeaseCompare.com, Eliminates Credit Discrimination

Nov 12, 2002

Cincinnati, OH - November 12, 2002. Automobile Consumer Services, Inc. (ACS), an innovator in online direct-to-consumer auto leasing, has expanded its LeaseCompare.com website to calculate lease payments using actual customer credit scores. Consumers will know exactly what their auto lease payment will be based on their personal credit history.

When consumers visit leasecompare.com, they access a loan/lease comparison tool that allows them to instantly evaluate financing options available from multiple lenders based on geography, vehicle, terms, and now credit score. Through a series of short questions the site helps the visitor gather all of the basic information needed to apply for a vehicle lease online.

Through a partnership with myfico.com, individuals can obtain their personal credit score. With this information, a number of finance/lease options are presented detailing such variables as monthly payments, mileage, and vehicle residual values. Consumers can lock in the financing option that best fits their needs and apply for credit online - all in a matter of minutes. Once approved, customers review lease documents prepared by ACS, sign, and take delivery of their vehicle.

"An additional benefit of applying for credit online is that LeaseCompare.com does not discriminate based on race or gender," notes ACS president and founder, Tarry Shebesta. "Discrimination continues to be a problem in the financial industry. The face-to-face loan process is often loaded with potential biases and this application procedure removes that possibility."

Current users can explore their financing needs at their convenience. The ability to accurately determine lease payments without the hassle of checking with numerous lenders is appealing to consumers.

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