LeaseCompare.com Offers Full-Service Auto Leasing Using Edmunds.com True Market Value Data

Cincinnati, October 9th, 2003 - Automobile Consumer Services, Inc. (ACS), an innovator in online, direct-to-consumer auto leasing, has added full-service auto leasing to its popular LeaseCompare.com website. Now consumers can visit the site, build a new vehicle, obtain a realistic purchase price and see instant lease payments.

Up until now, visitors to LeaseCompare.com had to find a vehicle and negotiate their own price before receiving instant lease quotes. Now, using Edmunds.com's True Market Value® (TMV®) pricing, ACS secures the vehicle for the national TMV® price, making this new service a one-stop shop for obtaining a lease.

"LeaseCompare.com now makes it easier for the consumer to lease a new car by using realistic prices to calculate competitive lease payment options," says Tarry Shebesta, president of ACS. The Edmunds.com TMV® figure represents the estimated national average selling price, a "fair deal." Using TMV® pricing to quote lease payments provides new automotive buyers with a more accurate method of determining realistic transaction prices for specific new vehicle models.

For example: A typically equipped 2004 Lexus RX330 with an MSRP of $40,650 and a TMV® price of $40,030 shows a 39 month lease payment of $571 plus tax. Full disclosure of lease details are provided, including the residual value, money factor and all fees.

Once a customer selects a lease payment option and applies for credit at LeaseCompare.com, ACS facilitates the entire leasing process. After a credit review is completed, ACS locates the vehicle, completes the paperwork and arranges for delivery. In essence, consumers can now arrange a great lease on a new vehicle without leaving home.