LeaseCompare.com & MarketWise Remarketing Partnership Helps Reduce Off-Lease Residual Losses

Cincinnati, OH - August 10, 2004. Automobile Consumer Services, Inc. (ACS), the leader in online direct-to-consumer auto leasing, announced a new partnership with MarketWise, a specialist in automotive remarketing. A key component of the relationship will be that MarketWise will use ACS's popular LeaseCompare.com quoting engine as a remarketing tool.

MarketWise currently provides end-of-term leasing management to financial institutions such as banks, credit unions, residual value insurance providers, captive and non-captive finance companies to minimize risk and increase profitability. The LeaseCompare.com quoting engine now makes it easy for Marketwise representatives to compare lease/finance payments while talking with consumers coming off of a lease. The quotes are offered to customers on behalf of the lender who originally wrote the lease.

Offering a re-lease to an off-lease vehicle customer will give them a lower payment than a conventional loan. This will result in a cap cost that is closer to the actual residual value which helps mitigate residual losses by the original lessor.

David Walsh, MarketWise vice president, stated, "Our relationship with ACS is critical to our success. Using the LeaseCompare.com quoting engine will allow us to close more sales on behalf of our clients." Walsh continued, "I'm extremely pleased to have a used car leasing product available for our lease customers who want to continue leasing their current vehicle."

An added benefit of using the LeaseCompare.com quoting engine is that ACS will handle the entire re-lease process once the credit application is submitted. This frees up Marketwise and their financial customers to pursue other business.

Tarry Shebesta, president of ACS, added, "We are excited about our partnership with MarketWise. MarketWise achieves great results for their clients and we're delighted that our LeaseCompare.com instant quoting tool will help drive superior results for MarketWise clients."

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.

About MarketWise (Market-Wise.com) MarketWise is an automotive remarketing services company dedicated to providing "best-in-class" End of Term Management, Recovery and Remarketing Management as well as Sales and Leadership Training. Strategic relationships with companies such as Auto Trade Center (autotradecenter.com) uniquely position MarketWise to utilize multiple sales channels to maximize client proceeds and, ultimately, return on remarketing investment. Founded on people, technology and experience, MarketWise has been reducing risk and increasing profitability since 1997.