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WFS Financial Sponsors "60 Day Float" Program at Auctions

September 28, 2001

WFS Financial Inc. has introduced a "60 Day Float" program for dealers purchasing WFS vehicles at auction.

Through an exclusive arrangement with Manheim and ADESA, the program aims at assisting dealers "float" funds prior to obtaining financing. The program was piloted at Manheim's Cade, and ADESA, LA auctions and due to enthusiastic response, will be expanded across the country at select Manheim and ADESA auctions.

To qualify, dealers must be an approved A.F.C. or M.A.F.S. dealer and be in good standing with WFS.

"As a preferred dealer partner, WFS values the contribution of its dealerships and commits to enhancing its role as 'The Relationship Lender' by offering innovative programs such as the '60 Day Float,'" said Rich Zellner, director of sales and marketing at WFS. "WFS delivers unparalleled customer service through a nationwide network of over 2000 associates who understand the automobile business and the needs of its dealers."

WFS is one of the nation's largest independent automobile finance companies. WFS specializes in the originization, securitization, and servicing of new and used automobile contracts through its nationwide relationship with automobile dealers. WFS provides a source of financing for borrowers in the prime and non-prime credit quality sectors. WFS currently services over $7.5 billion of automobile contracts. Information about the company can be found on its Web site at www.wfsfinancial.com.

More information about the program or becoming a WFS dealer partner can be obtained by calling WFS Sales and Marketing at 949.727.1166.

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