"Finance Express is the best platform I've seen for integrating buy here pay here
and special finance together. It can be a total capital solution."
Kenneth B. Shilson, CPA
President, Subprime Analytics
Principle, Shilson, Goldberg, Cheung & Associates, LLP
Founder and President, National Alliance of Buy Here Pay Here Dealers
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Consumer Portfolio Services Joins Finance Express Lender Platform
RANCHO SANTA MARGARITA, CA, September 13, 2007 -
Finance Express, which operates the first dealer management system with
an integrated auto finance platform specifically designed for
independent used car dealers, announces the addition of Consumer
Portfolio Services, Inc. ("CPS") to its lender platform. CPS is a
specialty finance company that provides indirect automobile financing to
individual borrowers with past credit problems, low incomes, or limited
credit histories. CPS is one in a series of many new lenders to join the
Finance Express system, furthering the company's objective of offering
numerous lender options within every credit tier.
"Our independent dealer clients need compelling financing programs for
every level of car buyer, especially the increasing segment of
credit-challenged individuals," comments David Huber, President of
Finance Express. "CPS programs offer generous vehicle advance and terms,
giving dealers many ways to finance their sub-prime buyers."
"We are excited about this opportunity with Finance Express and look
forward to a long and mutually beneficial partnership," adds Curtis
Powell, Senior Vice President of Marketing for CPS.
About Finance Express
Finance Express is the leading dealer management system designed
specifically for the independent dealer. The Finance Express system
includes inventory management, credit application processing,
contracting, links to lending sources, buy here pay here, dealer
management tools, loan servicing, accounting systems integrations,
licensed escrow services, and more. The Finance Express platform
provides dealers online access to an end-to-end dealer management
solution, while providing a secure environment for participating
lenders. For more information about Finance Express visit
www.financeexpress.com.
About Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc. is an independent specialty finance
company that provides indirect automobile financing to individuals with
past credit problems, low incomes or limited credit histories. CPS
purchases retail installment sales contracts primarily from franchised
automobile dealerships which are secured by late model used vehicles
and, to a lesser extent, new vehicles. CPS funds these contract
purchases on a long-term basis through the securitization markets and
services the contracts over their lives. CPS is headquartered in Irvine,
California and has three additional servicing branches in Virginia,
Florida and Illinois.
Source:
Finance Express Corporate Communications
949.635.5892
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