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Auto Credit Express Acquires Auto Net Financial Web Sites

Posted on: Thursday, 7 May 2009, 11:19 CDT

AUBURN HILLS, Mich., May 7 /PRNewswire/ -- Auto Credit Express today announced the acquisition of AutoNetFinancial.com, a subprime lead generation web site formerly owned by Auto Net Financial Services, LLC of Traverse City, Michigan. The web site, which has been serving the subprime auto marketplace for 12 years, was a division of Kailua-Kona Investments, a Mark Hergert Company. The transaction will also include four additional domain names and other assets of the company.

"The acquisition of AutoNetFinancial.com solidifies our position as the top automotive subprime consumer brand in the United States," said Dave LaLonde, senior vice president of Auto Credit Express. "Having worked alongside and had an outstanding relationship with Mark Hergert, we are well aware of the brand recognition that Auto Net Financial brings to our company. Mark wanted to ensure that his hard work over the last 12 years was integrated with the right company and he found that with Auto Credit Express. This acquisition positions our company to emerge from the recession as a stronger company with a larger footprint in the subprime space."

Auto Credit Express

Auto Credit Express was founded by Rich LaLonde in 1992 to train retail automotive dealers on how to conduct special finance. In 2004, Auto Credit Express acquired the company that created LotPro(TM) special finance software and has completely revamped LotPro(TM) to become the premier special finance software in the country. Currently headquartered in Auburn Hills, Michigan, Auto Credit Express is a leading special finance consulting firm offering automotive dealerships entry level and advanced sub prime training, easy to use online software, and an expert lead system. Auto dealers and consumers can access Auto Credit Express products and services at AutoCreditExpress.net, AutoCreditExpress.com, LotPro.com, BuyandPayHere.com and FundingWay.com as well as their newest web sites: AutoNetFinancial.com and AutoNetCredit.com.

Web Site http://www.autocreditexpress.net/

SOURCE Auto Credit Express

Source: PR Newswire

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