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Automotive Lease Guide and Collaborate to Provide Decision Tools

May 23, 2002

Automotive Lease Guide (ALG),

and ( ), a

consumer resource for automotive information, announced May 23 a

collaboration to provide consumers 'Lease Versus Buy' decision tools.

According to ALG they have agreed to supply lease residual values for inclusion in's Financial Calculator Suite, a set of tools launching on the Web site on June 12 to help consumers decide how to finance their

next vehicle.

"The automotive leasing industry regards ALG as the standard for

residuals, so we are thrilled we will be able to incorporate their information

into our useful consumer tools," said Bob Kurilko, vice president of Product

Development and Marketing for

In addition, Edmunds says it will provide ALG with True Market Value (TMV)

prices, which ALG will incorporate, along with other automotive data, into

their processes to forecast residual values. According to the company, financial institutions use ALG

residuals as the benchmark to set their lease rates.

"The new vehicle transaction pricing environment is extremely challenging

to predict and having access to Edmunds' TMV pricing will be valuable," said

Raj Sundaram, president of ALG.

About Automotive Lease Guide

Automotive Lease Guide, a privately held company in Santa Barbara,

California, claims to provide residual values,

analytical data products and consultation to the automotive Industry.

About, Inc.

Headquartered in Santa Monica, CA, provides third party automotive

information, tools and services for consumers. says their True Market Value products inform the general public of the

actual transaction prices of cars and trucks while Edmunds' Powershopper offers car shoppers the opportunity to research and pursue online and offline

purchase options.

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