RANCHO SANTA MARGARITA, Calif., May 20, 2009 — Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that Omega Service Corporation has integrated with the Finance Express platform. OSC offers dealers a national Buy-Back product that allows customers to bring their vehicle back to the selling dealer after a waiting period. The customer can return the vehicle for any reason: change of employment, change of personal situation or change of heart.
“Unlike other manufacturer payment assistance programs, this FEX Buy-Back program is exclusively designed for Finance Express dealers and is not vehicle restricted,” states David Huber, President of Finance Express. “This program applies to all dealers and their inventory. Should the consumer want to return the car for any reason, they can do so, whether it’s before the obligation affects the consumer’s credit in a life change situation or if it’s to trade out of a car that is no longer appealing to the consumer. The lenders also benefit by lowering their costs of repossession and resale back into the market by as much as $1,100 per vehicle. Everyone wins with a program like this: the dealer, who sells more cars; the consumer, who has confidence and peace of mind in his purchase; and the lender, whose ultimate losses are reduced.”
OSC President Gerald Zipper, a former New York State Deputy Insurance Superintendent and staff consultant to the New York Senate, declared his great enthusiasm for working with Finance Express to market their insurance-backed Buy-Back product. “The opportunity to connect with thousands of Finance Express dealers is ideal,” said Mr. Zipper.
About Finance Express
Finance Express is the leading provider of online services and web-based technology for the independent dealer market, including comprehensive DMS functionality such as inventory management, loan servicing, accounting integration, Internet marketing and website hosting, credit application processing, credit data reporting and lender integration. The comprehensive platform provides dealers online access to a single, seamless solution and insures a safe and secure environment for participating lenders. For more information, see its web site http://www.financeexpress.com.
About OSC
OSC has been a provider of unique insurance-backed products to dealers, lenders, and manufacturers for over a decade. They introduced the “spot sale” insurance program to dealers throughout the country eight years ago, and it has helped dealers to move purchased vehicles off the dealer’s lot when the customer cannot provide evidence of insurance at the time of sale. They are also the only company insuring auctions and lenders in both Canada and the USA for their insured 60-day vehicle buy-back guaranty, taking the “chance” out of an auction purchase for participating dealers. OSC’s customer buy-back takes the worry out of the if, when, and how to sell their car – even if the manufacturer or dealer has gone out of business or is no longer purchasing cars.
CONTACT:
Tara Huber
Finance Express
Corporate Communications
309.531.4946
Steven W. Dietsch
Exclusive Licensed Agent
OSC Omega Service Corp.
800-422-9788 ext 12 ph
201-944-2856 fax
702-682-1688 cell
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