MT. LAUREL, N.J. and SAN MATEO, Calif., Nov. 9, 2004 (PRIMEZONE) -- ARI (Automotive Resources International), a wholly owned subsidiary of Holman Automotive, and Fourth Fleet Financial, a new breed of auto financing company, today announced that they will collaborate to deliver a comprehensive vehicle financing program for all of ARI's client and driver sales.
Through Fourth Fleet Financial, ARI will offer lower interest rates, guaranteed financing for qualified employee buyers and a fast, hassle-free process that eliminates the need to visit a bank or credit union. Fourth Fleet will also provide employee financing services not available through most traditional lenders, including concierge-level customer service and 100% financing that extends to items such as sales tax, document fees, and even extended service contracts.
"We are thrilled to be working with ARI because they have a well-deserved reputation in the industry for the efficiency and ease with which they manage an incredible volume of fleet vehicles," said Jeff Danford, founder and CEO of Fourth Fleet Financial. "Our solution enhances that reputation by making the entire vehicle financing process as easy and convenient as possible for both Fleet Administrators and employees."
As part of the agreement, ARI will incorporate Fourth Fleet Financial into their Driver Purchase Program, including the ARIAutoDirect website for on-line employee sales. ARI will also provide the Fourth Fleet service to the external fleet administrators of their clients.
"Fourth Fleet will help add more flexibility to our Driver Sales by giving our customers an easy way to integrate financing options and service contracts into their employee sales," said Bob Graham, Manager - Used Vehicle Sales at ARI. "Fourth Fleet's comprehensive financing solution serves a broad range of credit scores at great rates, offers ancillary services such as extended protection contracts, and delivers a superior customer-oriented environment for buyers."
About Fourth Fleet Financial
Fourth Fleet Financial is a new breed of auto financing company that helps fleet companies maximize vehicle values through an easy-to-implement financing solution for the entire credit spectrum of buyers. The company excels by offering superior levels of customer service and extended protection contracts for employees of fleet companies. To find out how our financing solution can help you sell more off-lease autos at higher prices, call 1-800-259-7472 or visit www.fourthfleet.com.
About Automotive Resources International
For over 55 years, ARI has been the largest family owned vehicle fleet leasing and fleet management company in North America, offering the industry's most complete array of fleet services. Today, it has more than 460,000 vehicles under customized fleet management programs designed to complement each customer's in-house capabilities. ARI is a wholly -owned subsidiary of Holman Enterprises. For more information on ARI visit our website at www.arifleet.com.