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Tidewater Motor Credit Joins the Finance Express Auto Finance Program


Rancho Santa Margarita, CA, Aug. 31, 2005 -- Finance Express, which operates the first online auto finance platform specifically designed for the independent dealer, today announced that it has signed an agreement with Tidewater Motor Credit, to join its online auto finance program. Tidewater Motor Credit is a leading niche lender in the independent automotive industry and currently serves dealers throughout Georgia, Maryland & Virginia. Through its program integration with Finance Express, Tidewater Motor Credit will be able to accelerate and automate the auto finance process for its independent dealers who wish to offer loan programs to open Chapter 7 or recently discharged bankruptcy customers.

About Finance Express:

Finance Express provides financing programs for all levels of credit through 39 national and regional lenders. It offers an integrated menu of services including credit application processing, credit bureau access, inventory management, electronic contracting, dealer management tools and licensed escrow services. It is a comprehensive solution that provides auto dealers with online access to lenders, credit bureaus and DMS tools and at the same time, through its fully licensed escrow company, provides auto lenders with a method of completing their transactions safely and securely.

About Tidewater Motor Credit:

Tidewater Motor Credit purchases retail installment contracts entered into by auto dealers with consumers who are typically unable to obtain credit from traditional sources. Since 1992, Tidewater Motor Credit has helped thousands of people by providing financing when others would not, allowing them to rebuild their credit and get back on the road to success. While many other finance companies have come and gone in the last 13 years, Tidewater Motor Credit has been a consistent and reliable source of funding for its dealer partners. In 1999 Tidewater Motor Credit rolled out it’s first ever Bankruptcy Program allowing dealers to be funded on customers still in Chapter 7 bankruptcy or very recently discharged bankruptcies. Additional information regarding their niche lending program is available at . Chris Lewis, the National Marketing Director of Tidewater Motor Credit said, “We remain committed to offering a partnership with the dealers and consumers to create a Win-Win-Win situation. Our success relies solely on the success of our dealers and our consumers.”

David Huber, Finance Express President, said, “We’re excited to have Tidewater Motor Credit join our program, and are certain that this niche financing option will offer continued benefits to our dealers and the customers they serve. An established lender such as Tidewater, who offers their services in 40 states, makes them a great addition to the growing family of Finance Express’s lenders and dealers.”


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