Consumers Save by Leasing Late Model Used Cars Online with LeaseCompare.com

Cincinnati, February 20, 2002 - Automobile Consumer Services, Inc. (ACS), a pioneer in online direct to consumer auto leasing, added a new online quote service that allows consumers to compare the costs of leasing and financing late model used cars.

When consumers visit leasecompare.com, they can access a loan/lease comparison tool that allows them to evaluate financing options available from multiple lenders based on geography, terms, and vehicle. Consumers can then select the financing option that best fits their needs and apply for credit via a secured server - all in a matter of minutes. Once approved, customers review lease documents prepared by ACS, sign, and take delivery of their vehicle.

"Because few dealers offer used vehicle leasing, most consumers are unaware that a late model used car can be leased," says ACS president and founder Tarry Shebesta. "Leasecompare.com allows consumers to explore all used car finance/lease options quickly, easily, and conveniently." The site also offers helpful tips to consumers considering the "lease vs. buy" decision, as well as full disclosure of rates, residuals, mileage penalties and other fees.

Individuals choosing to lease a late model used car enjoy the benefits of no down payment and lower monthly payments, making higher-end vehicles more affordable. Leasing also gives them the option of refinancing their own current vehicle loan to a lower monthly payment used car lease.

Consumers can also now identify a late model used car they wish to lease from almost any source. Online used car listings, local papers, dealers, eBay and other auctions or even their neighbor's car for sale are all possible alternatives.

Shebesta says that many of his customers find that the decision to lease a late model BMW versus buying a new Taurus is an easy one. His customers still enjoy the warranties of a late model car and luxury of a more expensive vehicle for the same monthly cost as buying a new, mid-level car.

About Automobile Consumer Services, Inc. (acscorp.com)

Based in Cincinnati, Automobile Consumer Services, Inc. (ACS) is a leading provider of consumer automotive services, including car buying and leasing, fleet resources, vehicle remarketing, and used vehicle sales.

Founded in 1989, ACS's mission is to provide services that enhance the experience of buying or leasing a car. ACS achieves this by leading the industry with innovative proprietary technology, superior customer service, and years of industry experience.