HOUSTON — Auto Financial Group, an online provider of
residual-based financing products for dealers and lenders since 1999, announced
Tuesday that it has enhanced its balloon loan program with a new feature called
the Dealer Inventory Download (DID).

Officials explained DID can provide lenders and dealers a
comprehensive and more efficient way to utilize the company's residual-based
lending program.

Auto Finance Group is the service provider for CarMark Auto
Finance and other brand programs and the new enhancements will be incorporated
into all programs. CarMark Auto Finance is owned by this publication's sister
company, POADA.

Prior to the introduction of DID, the company's calculator
program required a step-by-step vehicle building process that calculated the
balloon payment, the standard retail payment and the guaranteed future "residual"
value on a vehicle-by-vehicle basis.

Recognizing the need for speed in today's world, AFG
stressed that DID is designed to take the program to a whole new level by
eliminating multiple steps previously required and adding valuable information
essential to the sales process.

"We are excited to introduce the DID online calculator
enhancement to our clients," said Richard Epley, chief executive officer of
Auto Financial Group. "DID will provide a streamlined, convenient solution for
CarMark Auto Finance and other programs with and an instant view as to which
vehicles work best with the program."

Key enhancements now available through DID technology
include:

—Downloads dealer's inventory details direct from the DMS
(Dealership Management System) into the AFG calculator (DMS download includes
the stock number, year, make, model, inventory value, mileage and any optional
equipment that impacts the residual).

—Calculates an index score on each vehicle based on the
dealer selling price and the residual value for each loan term.

—Allows dealers to quickly sort inventory by index score and
easily scan to see which vehicle has the best balloon payment option (the
higher the index value, the better the opportunity).

—Gives dealers current knowledge of which vehicles are
trending well with the AFG program, establishing more credibility and
opportunity for their dealership.

—One click upload to the CarBuilder calculator to book the
deal.

"Dealerships no longer need to input individual vehicles to
see how payments are affected. DID makes it possible to move more inventory and
close more balloon deals, making the balloon option incredibly convenient,"
Epley said. "The overall purpose of the program's enhancement is to increase
dealer and lender productivity and profitability."

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