Automotive Credit Transactions Hit The Super Highway
2 September 1998
Automotive Credit Transactions Hit The Super HighwayThe World's First Comprehensive Electronic System of Loan/Lease Arrangements HICKORY, N.C., Sept. 1 -- The global and real-time dimensions of the Internet are being applied to virtually every aspect of commerce. Now, all those involved in automotive lease/loan credit transactions have a powerful new Internet-based tool courtesy of e-Fin Inc., Electronic Finance Marketplace. The leading-edge provider offers financial institutions and auto dealers the ability to come together to process automotive credit applications faster and more profitably than ever before. This is done by utilizing powerful Internet communication technology managed through the e-Fin site. The service also provides unparalleled transaction privacy, with all information running through secure e-Fin channels. For dealers, highlights of the e-Fin service include: * Unlimited access to competitive capital sources * The ability to choose the best financial product for the dealership and the customer on a deal-by-deal, daily basis For financial institutions, highlights of the e-Fin service include: * Access to "deal flow" from all participating auto dealers * The ability to respond with tailored financial products efficiently and effectively -- on single deals or on all deals that match their institution's criteria * Expanded portfolio management without the traditional and significant marketing costs According the e-Fin Vice President of Marketing Mike Hucks, the new electronic service is a win-win situation for both finance professionals and automotive dealers. "Using the power of the Internet creates a highly advantageous deal for everyone. All the documents necessary to 'desk the deal' can be viewed and discussed almost instantaneously -- not to mention much more privately than the old fax broadcast method," Hucks adds. Set up of the service is free; e-Fin customers also have access to technical help. To demo the service, visit the e-fin website at http://www.e-fin.com. To find out more about e-Fin, contact: Michael W. Hucks, Vice President of Marketing, e-Fin Inc., Electronic Financial Marketplace, P.O. Box 1823, Hickory, NC, 28603; Tel: 704-267-0001/Fax: 704-267-0211; Email: mwh@e-fin.com.