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LeaseCompare.com Used Car Lease Customers Protected with $50,000 Insurance Against Hidden DMV Title Defects

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LeaseCompare.com Used Car Lease Customers Protected with $50,000 Insurance Against Hidden DMV Title Defects

Mar 23, 2004

Cincinnati, March 23rd, 2004 - Automobile Consumer Services, Inc. (ACS), the leader in online, direct-to-consumer auto leasing, has chosen to insure all of its LeaseCompare.com customers against hidden DMV title defects for up to $50,000 per vehicle with TitleGuard Vehicle Title Insurance. ACS is the first leasing company to offer its customers this level of protection.

TitleGuard Vehicle Title Insurance protects used car buyers against the financial losses that can result from hidden DMV title defects such as salvage vehicles, lemon vehicles, stolen vehicles, flood and hail damaged vehicles, title fraud and forgery, and odometer rollback. If a TitleGuard policyholder discovers a hidden or unreported DMV title defect, TitleGuard will pay their actual losses up to 100 percent of the vehicle's fair market retail value, to $50,000.

"TitleGuard allows us to replace a customer's fear and uncertainty about a used car lease with confidence and peace of mind," said Tarry Shebesta, president of ACS. "Our customers can now examine a vehicle's DMV title history before they lease it and then rely on its accuracy since it's insured for as long as they lease the car. TitleGuard helps us take the risk out of leasing a used car."

Tom Rubadue, president of Vehicle Title LLC, the exclusive provider of TitleGuard Vehicle Title Insurance noted, "Unlike other 'guaranteed' vehicle history reports that are often filled with loopholes and offer consumers very little real protection, TitleGuard offers complete security. If our title report misses a DMV brand or title defect, we will pay 100 percent of the policyholder's actual monetary loss, to $50,000. It's that simple. TitleGuard is backed by the financial strength of The First American Corporation family of companies, which includes one of the nations' leading title insurance underwriters. In addition to insuring customers against hidden title defects, TitleGuard also provides policyholders with a free legal defense against any future title challenges. No other vehicle history product offers this level of protection."

With its extensive experience as an auto lease provider, ACS has worked hard to remove any impediments to leasing used cars online. The addition of title insurance can only bring more credibility and customers to a growing area of the used car marketplace.

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 Vehicle Title LLC
Vehicle Title LLC is a joint venture between The First American Corporation, a Fortune 500 company and innovative leader in the tile insurance industry that traces its history to 1889; and Experian Automotive, the automotive industry's premier information and vehicle history data supplier. By combining the strengths and expertise of these two companies, Vehicle Title LLC maximizes its efficiencies to deliver TitleGuard Vehicle Title Insurance to the used car buying and selling public. TitleGuard is the first and only product that insures used car buyers, sellers and lenders against the actual losses that can result from unreported DMV title defects for up to 100 percent of the vehicle's fair market retail value, to $50,000. For more information on The First American Corporation, Experian Automotive, or TitleGuard, please visit firstam.com, automotive.experian.com, or AutoTitleGuard.com respectively.

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