Copart, Inc. Announces DSC Financing for Copart Buyers

Copart is now accepting payments from vehicle buyers through a financing solution supplied by Dealer Services Corporation (DSC), North America’s largest provider of diversified inventory financing for independent dealers. Copart will be accepting financing from buyers utilizing DSC at all 123 Copart salvage auction locations in the U.S., beginning immediately.

Copart will be working directly with DSC as a financing provider for Copart buyers during the sales process. Copart generates gross auction proceeds in excess of $2 billion annually.

“We are pleased to be working with DSC as a financing source for our customers,” said Willis J. Johnson, founder and CEO of Copart. “Like Copart, DSC is a customer-focused company, which has brought a higher level of service to the industry.”

“Copart is a leader in the remarketing of salvage vehicles,” stated John Fuller, DSC Chief Executive Officer, “and we are very pleased to be working with the company to provide its customers a level of service previously unavailable. By partnering with DSC as a financing source, Copart continues to demonstrate its focus on providing its customers top-notch service and efficiency.”

Founded in 1982, Copart provides vehicle suppliers (primary insurance companies), with a full range of services to process and sell salvage vehicles principally to licensed dismantlers, rebuilders, and used vehicle dealers. The company offers vehicle suppliers a full range of services which expedites each stage of the salvage vehicle sale process and minimizes administrative and processing costs. Copart currently operates 134 facilities worldwide. The company is listed on the NASDAQ under the symbol CPRT.

Headquartered in Carmel, Indiana, DSC is America’s largest independent inventory finance provider for new and used automobiles and other diversified products. DSC serves its 9,200 dealer customers through 68 branch locations across the U.S. DSC is committed to a mission of providing quality products, financing, and services to independent dealers of North America, with the highest level of service and integrity. Additional information on DSC is available at www.discoverDSC.com.

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