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Wells Fargo Financial Acceptance Joins DealerTrack

January 21, 2003

Wells Fargo Financial Acceptance (WFFA), a division of Wells Fargo & Co., announced that it has joined the DealerTrack auto finance platform. According to the company, WFFA

joins an expanding group of lenders linking to the Web-based platform in order to accelerate the entire dealer-to-lender relationship, and enhance the level of service and responsiveness provided to dealer customers.

Dealer customers of WFFA who use DealerTrack are now able to electronically submit loan

applications to the lender, as well as to a host of other financial institutions participating on the platform. Dealers can also use the platform to monitor changes in application status, share information instantly with lenders on the system and have access to low-cost credit reports.

"Joining the DealerTrack platform was a logical progression for Wells Fargo Financial Acceptance," said Gary Lorenz, president. "With our parent company already on board, we know first hand the efficiencies that DealerTrack brings to the lender-dealer relationship. In fact, we saw an immediate response from our dealers the moment our company went live on the platform."

"Given the strength of our relationship with Wells Fargo Auto Finance Group, we are extremely

pleased to welcome WFFA to the DealerTrack family," said Mark O'Neil, DealerTrack president and chief executive officer. "We know that Wells Fargo has seen a significant return on its investment in the platform, and we anticipate similar positive returns for both WFFA and its dealer customers."

About DealerTrack

With over 18,000 dealers and 23 lenders currently connected, DealerTrack is an independent web-based platform that automates and accelerates the entire dealer-to-lender

relationship, from financing to daily information sharing.

The DealerTrack platform enables application processing, credit bureau access, electronic contracting and lease comparisons-all in

one integrated solution.

More information on DealerTrack is available at or by calling 877-357-8725.

About Wells Fargo Financial Acceptance

Wells Fargo Financial Acceptance provides nonprime/subprime financing through a 9-tier program for automobile purchases by consumers.

Wells Fargo Financial Acceptance has relationships with more than 9,800 dealers in 45 states. Wells Fargo Financial Acceptance has more than $3 Billion in receivables and is a division of Wells Fargo & Co., a $300 Billion financial services company with more than 150 years experience in the financial services industry.

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