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January 6, 2009

AppOne Expands Auto Financing Services to 48 States

April 9, 2007
 

The expansion into the western portion of the country is in conjunction with the nationwide roll-out of the company's alliance with AmeriCredit that began in November.

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AppOne, a provider of Internet-based risk mitigation and financial technology to banks, auto finance companies and independent auto dealers, announced it is facilitating auto loans within all 48 states throughout the continental United States.

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AppOne's recent expansion adds 12 additional states to its list of areas where the company offers its services to independent auto dealers. These new states include California, Delaware, Idaho, Indiana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Washington, Wisconsin and Wyoming. Now dealers in the contiguous United States can join AppOne's dealer network and use the company's platform, a scalable and seamless solution, to gain one-stop access to lenders for securing their customers financing via the Internet. All participating dealers in the newly added 12 states will be able to immediately offer financing through AmeriCredit and Wells Fargo Auto Finance, with additional lenders to follow.

AppOne's expansion into the western portion of the country is in conjunction with the nationwide roll-out of the company's alliance with AmeriCredit that began in November. Lenders partnering with AppOne have the capability of receiving credit applications from the more than 1,500 independent auto dealers within the company's dealer network.

"AppOne has reached a significant milestone now that it has moved into every state in the continental United States," said Lee Domingue, CEO of AppOne. "The next phase of our expansion is to continue adding independent auto dealers and lenders to the AppOne network within the states we recently entered."

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