DealerTrack, Inc., a technology services company enabling

finance transactions between automobile dealers and lenders, announced that Hyundai Motor

Finance Company (HMFC) has signed an agreement to join its independent online auto finance

platform. The deal will allow HMFC dealers to use the Web-based platform to secure financing for

their customers.

According to the company, HMFC, a captive finance company, joins an expanding group of lenders linked to the Web-based

platform - both to accelerate the entire dealer-to-lender relationship and to enhance the level of

service and responsiveness provided to dealer customers.

HMFC will be available to its dealer customers on the DealerTrack™ platform in the second quarter

of 2003. Once HMFC is active, dealers will be able to use the DealerTrack platform to submit

finance applications electronically to HMFC, monitor related application and contract status

changes, access credit reports and obtain product and program information.

According to the company, participation on

DealerTrack will provide HMFC with higher auto-decisioning rates and faster turn-around times.

"The participation of a captive finance organization like Hyundai Motor Finance Company on

DealerTrack underscores our position as a trusted, independent financing platform," said Mark

O'Neil, DealerTrack president and chief executive officer. "As many as 90 percent of all U.S. Hyundai

dealers are already enrolled on the DealerTrack platform, so we anticipate that the formal

integration of HMFC will be completely seamless for all parties."

"DealerTrack has a proven record in the marketplace and is already heavily used among our dealer

customers," said Bill Thaxton, president and chief executive officer of HMFC. "We are always

looking for innovative new ways to provide superior service to our customers and believe that our

agreement with DealerTrack will add significant value."

About DealerTrack

With over 19,000 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. More information on DealerTrack is available at www.dealertrack.com or by

calling 877-357-8725.

About Hyundai Motor Finance Company

Hyundai Motor Finance Company (HMFC) was started in late 1989 as a captive full service finance

company to provide retail credit and vehicle leasing to Hyundai dealers. The company is located in

a centralized operation center and corporate office in Fountain Valley, California. A national

consumer finance company covering all 50 states, HMFC is a wholly owned subsidiary of Hyundai Motor

America, the U.S. distributor of Hyundai vehicles.