Launch of Dealer Vision Video F&I Announced

Jun 18, 2007, 01:00 ET from Finance Express

    RANCHO SANTA MARGARITA, Calif., June 18 /PRNewswire/ -- The founders of
 Finance Express, which operates the first online auto finance platform
 specifically designed for the independent used car dealer, today announced
 the launch of Dealer Vision, a new company created to revolutionize the F&I
 process for independent used car dealers. Dealer Vision's newly formed
 association with JM&A Group, one of the largest independent insurance and
 extended warranty groups of companies in the U.S., along with its exclusive
 relationship with Finance Express, will enable its customers to coordinate
 the closing and funding of automotive purchases and offer aftermarket
 products directly to the consumer via a live video interface between the
 customer, the dealer, the Finance Express DMS system and a trained,
 professional F&I manager.
     "Dealer Vision virtually links independent auto dealers with qualified
 F&I managers through its patent-pending technology," states Fred Morgan,
 Chief Executive Officer of Dealer Vision. "Our goal is to provide a method
 of closing automotive transactions professionally and to offer aftermarket
 products in a manner which is not only in full compliance with state and
 federal requirements, but affords the dealership owner the opportunity to
 offer these services without incurring the expense of employing a full-time
 F&I manager."
     Dealer Vision gives independent dealers the ability to concentrate on
 selling cars. The task of closing transactions and offering finance and
 aftermarket products are achieved directly with the customer, visually and
 in real time by professional F&I managers trained by JM&A Group. Because
 products are introduced on every transaction, whether cash or finance, more
 cash purchases will have aftermarket sales and more financed transactions
 will be secured with service contracts and GAP policies. It also means that
 transactions will always be completed professionally, according to the
 latest regulatory requirements.
     "Dealer Vision, paired with the Finance Express platform, solves an
 age- old challenge within the independent used vehicle dealer channel,"
 says Mike Casey, Vice President of Strategic Alliances, JM&A Group. "Dealer
 Vision provides dealers with access to compliant and proven F&I processes
 which we have been using in the new vehicle franchise space for years. We
 believe dealers taking advantage of this program will see immediate impact
 to their bottom line. This is the first time we have seen a comprehensive
 F&I solution for the independent used vehicle dealer space."
     "The initial reaction from both dealers and lenders, has been
 incredibly positive," states Dave Huber, President of Finance Express.
 "Regardless of the size or type of dealership, most owners understand the
 benefits of outsourcing their Finance and Insurance departments. This
 relationship helps complete the vision of Finance Express by allowing the
 dealer to do what he does best, and at the same time improve the
 performance and the profitability of his dealership. Dealer Vision is a
 giant leap forward toward narrowing the gap between new and used car
 dealers."
     About Dealer Vision
     Dealer Vision is an innovative new company designed to revolutionize
 the F&I process for independent used car dealers. Through its
 patent-pending technology and exclusive relationships with Finance Express
 and JM&A Group, Dealer Vision coordinates the closing and funding of
 automotive purchases and offers aftermarket products through a live video
 integration between the customer, the dealer, the Finance Express DMS
 system, and a fully trained and experienced F&I manager. At present, the
 services provided by Dealer Vision are limited to dealers enrolled on the
 Finance Express system.
     About Finance Express
     Finance Express is the leading provider of online services and
 web-based technology for the independent dealer market including a
 comprehensive dealer management system with functions such as dealer
 inventory management, credit application processing, contracting, links to
 lending sources, buy-here-pay- here loan servicing and accounting systems
 integration. The comprehensive program provides dealers with online access
 to an end-to-end solution that also provides a safe and secure environment
 for participating lenders. More information can be obtained at
 http://www.financeexpress.com.
     About JM&A Group
     JM&A Group (http://www.jmagroup.com), ranked by J.D. Power and
 Associates as "Highest Overall in Dealer Satisfaction with Service Contract
 Providers*," is one of the largest providers of finance and insurance (F&I)
 products in the automotive industry. The group of four companies provides
 over 2,500 automotive dealerships and retail automotive outlets, which
 represent virtually all manufacturer makes and models, with a variety of
 products such as new and used vehicle protection plans, used vehicle
 certification programs, pre-paid maintenance plans, GAP protection, and F&I
 training for sales, service departments and used car sales operations and
 consulting services. With over 29 years experience, JM&A Group's
 inter-related companies sold over 2.3 million vehicle-related service and
 maintenance contracts in 2006. JM&A Group is a division of JM Family
 Enterprises, Inc. (JM Family) (http://www.jmfamily.com) of Deerfield Beach,
 Fla., an $11.1 billion diversified automotive company ranked by Forbes as
 the 18th largest privately owned company in the U.S. For nine consecutive
 years, JM Family has been ranked by a survey in FORTUNE(R) as one of the
 100 Best Companies to Work For. It is also currently ranked No. 9 on the
 InformationWeek 500 list of leading technology innovators, its fifth
 consecutive year on the list.
     *J.D. Power and Associates 2004 Dealer Service Contract Satisfaction
 Study(SM). Study based on 3,153 dealer evaluations. http://www.jdpower.com.
     Contacts:
     Dealer Vision, Mary O'Brian, (949) 635-5892
     JM&A Group, Anne-Beth Nemeroff, (954) 429-2387
     Finance Express, Shannon Acton, (949) 635-5892
     This release was issued through eReleases(TM). For more information,
 visit http://www.ereleases.com.
 
 

SOURCE Finance Express
    RANCHO SANTA MARGARITA, Calif., June 18 /PRNewswire/ -- The founders of
 Finance Express, which operates the first online auto finance platform
 specifically designed for the independent used car dealer, today announced
 the launch of Dealer Vision, a new company created to revolutionize the F&I
 process for independent used car dealers. Dealer Vision's newly formed
 association with JM&A Group, one of the largest independent insurance and
 extended warranty groups of companies in the U.S., along with its exclusive
 relationship with Finance Express, will enable its customers to coordinate
 the closing and funding of automotive purchases and offer aftermarket
 products directly to the consumer via a live video interface between the
 customer, the dealer, the Finance Express DMS system and a trained,
 professional F&I manager.
     "Dealer Vision virtually links independent auto dealers with qualified
 F&I managers through its patent-pending technology," states Fred Morgan,
 Chief Executive Officer of Dealer Vision. "Our goal is to provide a method
 of closing automotive transactions professionally and to offer aftermarket
 products in a manner which is not only in full compliance with state and
 federal requirements, but affords the dealership owner the opportunity to
 offer these services without incurring the expense of employing a full-time
 F&I manager."
     Dealer Vision gives independent dealers the ability to concentrate on
 selling cars. The task of closing transactions and offering finance and
 aftermarket products are achieved directly with the customer, visually and
 in real time by professional F&I managers trained by JM&A Group. Because
 products are introduced on every transaction, whether cash or finance, more
 cash purchases will have aftermarket sales and more financed transactions
 will be secured with service contracts and GAP policies. It also means that
 transactions will always be completed professionally, according to the
 latest regulatory requirements.
     "Dealer Vision, paired with the Finance Express platform, solves an
 age- old challenge within the independent used vehicle dealer channel,"
 says Mike Casey, Vice President of Strategic Alliances, JM&A Group. "Dealer
 Vision provides dealers with access to compliant and proven F&I processes
 which we have been using in the new vehicle franchise space for years. We
 believe dealers taking advantage of this program will see immediate impact
 to their bottom line. This is the first time we have seen a comprehensive
 F&I solution for the independent used vehicle dealer space."
     "The initial reaction from both dealers and lenders, has been
 incredibly positive," states Dave Huber, President of Finance Express.
 "Regardless of the size or type of dealership, most owners understand the
 benefits of outsourcing their Finance and Insurance departments. This
 relationship helps complete the vision of Finance Express by allowing the
 dealer to do what he does best, and at the same time improve the
 performance and the profitability of his dealership. Dealer Vision is a
 giant leap forward toward narrowing the gap between new and used car
 dealers."
     About Dealer Vision
     Dealer Vision is an innovative new company designed to revolutionize
 the F&I process for independent used car dealers. Through its
 patent-pending technology and exclusive relationships with Finance Express
 and JM&A Group, Dealer Vision coordinates the closing and funding of
 automotive purchases and offers aftermarket products through a live video
 integration between the customer, the dealer, the Finance Express DMS
 system, and a fully trained and experienced F&I manager. At present, the
 services provided by Dealer Vision are limited to dealers enrolled on the
 Finance Express system.
     About Finance Express
     Finance Express is the leading provider of online services and
 web-based technology for the independent dealer market including a
 comprehensive dealer management system with functions such as dealer
 inventory management, credit application processing, contracting, links to
 lending sources, buy-here-pay- here loan servicing and accounting systems
 integration. The comprehensive program provides dealers with online access
 to an end-to-end solution that also provides a safe and secure environment
 for participating lenders. More information can be obtained at
 http://www.financeexpress.com.
     About JM&A Group
     JM&A Group (http://www.jmagroup.com), ranked by J.D. Power and
 Associates as "Highest Overall in Dealer Satisfaction with Service Contract
 Providers*," is one of the largest providers of finance and insurance (F&I)
 products in the automotive industry. The group of four companies provides
 over 2,500 automotive dealerships and retail automotive outlets, which
 represent virtually all manufacturer makes and models, with a variety of
 products such as new and used vehicle protection plans, used vehicle
 certification programs, pre-paid maintenance plans, GAP protection, and F&I
 training for sales, service departments and used car sales operations and
 consulting services. With over 29 years experience, JM&A Group's
 inter-related companies sold over 2.3 million vehicle-related service and
 maintenance contracts in 2006. JM&A Group is a division of JM Family
 Enterprises, Inc. (JM Family) (http://www.jmfamily.com) of Deerfield Beach,
 Fla., an $11.1 billion diversified automotive company ranked by Forbes as
 the 18th largest privately owned company in the U.S. For nine consecutive
 years, JM Family has been ranked by a survey in FORTUNE(R) as one of the
 100 Best Companies to Work For. It is also currently ranked No. 9 on the
 InformationWeek 500 list of leading technology innovators, its fifth
 consecutive year on the list.
     *J.D. Power and Associates 2004 Dealer Service Contract Satisfaction
 Study(SM). Study based on 3,153 dealer evaluations. http://www.jdpower.com.
     Contacts:
     Dealer Vision, Mary O'Brian, (949) 635-5892
     JM&A Group, Anne-Beth Nemeroff, (954) 429-2387
     Finance Express, Shannon Acton, (949) 635-5892
     This release was issued through eReleases(TM). For more information,
 visit http://www.ereleases.com.
 
 SOURCE Finance Express