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"Drive It Now" Launches Lending Gateway to Help Auto Dealers Finance and Lease More Cars

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"Drive It Now" Launches Lending Gateway to Help Auto Dealers Finance and Lease More Cars

Dec 10, 2009

Lenders benefit from increased auto loan business

Cincinnati, OH - December 10, 2009. Automobile Consumer Services, Inc. (ACS), the leader in online direct-to-consumer auto leasing and financing, recently launched the Lending Gateway giving auto dealers access to financing and leasing sources. helps 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. Over 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.

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," says Tarry Shebesta, President of ACS. "The lending gateway gives them a competitive edge and helps them sell more cars." is equally important to banks and credit unions who are looking for ways to grow their auto loan portfolios. A recent survey by Wolters Kluwers Financial Services showed that following the mortgage crisis, banks and credit unions said that indirect auto lending will be critical to their overall growth during the next couple of years.

Lender Benefits Include:
• Increased market share
• Improved portfolio performance
• Reduced operational costs
• Excellent look to book ratios
• Increased dealer network
• Risk mitigation

" 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," notes Shebesta.

About "Drive It Now"
"Drive It Now" is a service of Automobile Consumer Services, Inc. (ACS), a leading provider of direct-to-consumer auto leasing and financing, online vehicle marketing, and a loan origination gateway.
Founded in 1989, ACS's mission is to provide services that enhance the experience of buying or leasing a car. ACS achieves this by leading the industry with innovative proprietary technology, superior customer service, and over twenty years of industry experience.

Automobile Consumer Services, Inc.
Tarry Shebesta, 513/527-7700, ext. 11

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