The Industry's Leading Source For F&I, Sales And Technology

Top News

ACS Launches Lending Gateway for Dealers

December 15, 2009

CINCINNATI — Automobile Consumer Services Inc. (ACS) launched a new lending platform aimed at giving auto dealers access to financing and leasing sources.

Called, the network helps alleviate the problem dealers are having with a tightened credit market by providing a platform of financing and leasing sources they can offer to their customers. Over 1,300 dealers are currently signed up for the program.

Funding options include leases and loans for new and used vehicles, including commercial, fleet, exotics and RVs. “In this tight credit market, dealers are looking for more ways to finance car buyers,” said Tarry Shebesta, president of ACS. is equally important to banks and credit unions who are looking for ways to grow their auto loan portfolios. A recent survey by Wolters Kluwers Financial Services showed that following the mortgage crisis, banks and credit unions said that indirect auto lending will be critical to their overall growth during the next couple of years.

“ gives lenders a safe and secure way to expand their indirect business, write loans based on their credit criteria and mitigate risk when doing business with third parties,” Shebesta said.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  



Interest Rates Dip Slightly in October, Says Federal Reserve

Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.