TULSA, Okla., Jan. 5 /PRNewswire/ -- OAG Indirect, one of the nation's
leading auto finance companies, announced today that it has agreed to partner
with Payless Car Sales to provide custom retail financing services to Payless
Dealers in 48 states. This agreement will provide custom finance options to
Payless Dealers across the country and drive quality auto finance business to
OAG Indirect.
"An alliance with Payless Car Sales is a positive step for OAG Indirect at
this stage in our development," said Jared Kasper, President and CEO of OAG
Indirect. "The high quality of Payless Dealers and the planned expansion of
the Payless Franchise Network ensure the program will be a success for both
companies."
Payless Car Sales, a subsidiary of Avalon Global Group, Inc. and a sister
company to Payless Car Rental System, Inc., launched a new franchise program
for dealers in 2001, allowing them to leverage the national Payless brand
image with any pre-existing identity in their local markets. The franchise
program includes an assortment of features and benefits for dealers, including
Retail Finance Sources, Brand Identity and Image, Floor Plan Finance Sources,
Advertising & Promotion Assistance, Training and Support, Vehicle Supply and
Systems & Services. OAG Indirect began rolling out its program to Payless
Dealers this week.
"We are very excited that Payless Car Sales has entered into a national
alliance with a company of OAG Indirect's capabilities and vision. With their
customized program for Payless Dealers, quick decisions based on customer
credit applications are made in the dealership and they have a process for
fast and accurate funding. We are constantly striving to provide solutions to
help our Payless Dealers succeed, and OAG Indirect is a tremendous addition to
our array of value added products and services," said Rick Stevens, President
of Payless Car Sales.
Dealers Excited About New Alliance
Dealers that acquire a Payless Car Sales franchise now have a quick and
easy program that creates an improved financing process for their customers
and generates all necessary paperwork.
"This national alliance between OAG Indirect and Payless Car Sales comes
at a time when retail finance sources are difficult to obtain for used car
dealers and their customers. OAG has customized an exclusive program for
Payless Dealers that will enable them to finance more vehicles for all types
of customers. OAG Indirect will be a full spectrum lender for Payless Dealers
with attractive rates at all levels. The alliance just makes good sense for
everyone -- OAG Indirect, Payless Dealers and especially their customers,"
said Phil Morgan, Master Developer for Payless Car Sales.
About OAG Indirect
OAG Indirect is a leader in full-spectrum Credit Union based indirect
lending programs for franchise and independent dealers. Offering instant
credit decisions and underwriting tools on a wide variety of credit profiles,
OAG Indirect gives dealers the ability to deliver more vehicles on the spot
without the funding delays and processes of traditional indirect lending. OAG
Indirect is based in Tulsa, OK. Website address: http://www.oagindirect.com
About Payless Car Sales
Payless Car Sales, Inc. is a wholly owned subsidiary of Avalon Global
Group, Inc. and a sister company to Payless Car Rental System, Inc., a Florida
corporation that serves auto rental locations in more than 100 cities in 15
countries. Payless and Avalon are privately held corporations headquartered in
St. Petersburg, Florida and have been involved in franchising since 1971.
Payless Car Sales currently has franchise dealerships operating in 13 states.
For more information, visit http://www.paylessfranchising.com.
CONTACT:
Jared Kasper
OAG Indirect
918-622-0056
jkasper@oagindirect.com
Phil Morgan
Payless Franchising
918-252-4700
pmorgan@paylesscarsales.com
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
SOURCE OAG Indirect
Jared Kasper of OAG Indirect, +1-918-622-0056, jkasper@oagindirect.com; or
Phil Morgan of Payless Franchising, +1-918-252-4700,
pmorgan@paylesscarsales.com
