04.02.2007 18:33:00
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lanelogic and DSC to Offer Instant Credit Line to Dealers
lanelogic and Dealer Services Corporation (DSC), the fastest growing
inventory finance company in the United States, have announced a plan to
offer lanelogic dealers an instant line of credit to allow lanelogic
dealers to experience the DSC difference. The line of credit will
predominately be used to purchase lanelogic vehicles; all vehicles come
with a 45 day buyback guarantee. The financing mechanism will create a
seamless, no hassle way to floor plan and complete lanelogic
transactions.
lanelogic is the first company of its kind, offering instant bids for
used vehicles while also helping the dealer acquire vehicles he needs
the most. The company recently announced the formal completion of its
pilot program and the aggressive national roll out into 21 additional
states by April of this year. lanelogic introduced its concept at the
2006 NADA convention in Orlando and started active trading two months
later in April of 2006. Today, hundreds of vehicles are moved daily from
dealer to dealer through lanelogic’s
proprietary trading floor.
"The instant credit line will give our dealers
increased buying power and ultimate convenience without the traditional
application process. Transaction processing and payment can be
integrated into a single step. The DSC credit line also allows us
greater flexibility in sourcing the dealer’s
best performing vehicles,” said Bruce
Thompson, lanelogic’s CEO and founder.
The companies will launch the instant credit line to dealers this year
at the 2007 NADA convention in Las Vegas.
"DSC is very excited to extend financing to
lanelogic’s dealer base. Financing vehicles
that sell in a 22 day average fits very well with our business model.
Because lanelogic only acquires the top performing vehicles for its
dealer base, the opportunity to help finance these vehicles is
compelling,” said John Fuller, founder,
President and CEO of DSC.
NADA convention attendees have the opportunity to visit lanelogic’s
exhibit, booth # 3599C. lanelogic CEO/Founder, Bruce Thompson, renowned
inventory optimization entrepreneur, will present hourly workshops
during the NADA Conference. Workshop attendees are eligible for a door
prize given at the end of each presentation.
ABOUT DSC
Dealer Services Corporation has established 58 full service locations
providing national coverage. Led by industry pioneer John Fuller and
complemented by an experienced staff, DSC provides flexible and cost
effective inventory financing solutions to dealership operations in the
areas of: Salvage, Automotive, Rental, Powersports, Recreational and
Marine. DSC also provides dealer operators with competitively priced
business insurances and aftermarket products. DSC is prepared to handle
all aspects of "floor planning" from the most traditional to today's
on-line environment. Recognized as an innovator of dealership programs,
DSC is proud to have over 8,000 contracted dealers. For more information
and to "Discover the Difference," visit us at www.discoverdsc.com.
ABOUT LANELOGIC INC
lanelogic, Inc. electronically trades used vehicles from dealerships
where they’re not needed to dealerships where
they are. It is led by CEO Bruce Thompson, former CEO and founder of
used car inventory management system pioneer American Auto Exchange,
Inc. The company operates through strategic alliances with American Auto
Exchange, Inc., Auction Broadcasting Company (ABC Auctions), SGS
Automotive Inspections, Dealer Services Corporation, Cross Country
Transportation and The Great American Insurance Group, AM Best Rated "A”
Excellent, as of January 4, 2007.
For more information, please visit: http://www.lanelogic.com/.
Learn more about lanelogic by watching a video presentation: http://www.lanelogic.com/demo.
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