American CarBuying Service Launches First-Ever Lease Payment Auction Service; Revolutionary Concept Empowers Consumers to Set Prices and Lease Cars Online.

Business Editors

CINCINNATI--(AutomotiveWire)--March 20, 2000

American CarBuying Service (www.acscorp.com), a leading Internet car buying and leasing service, today announced the world's first online auction service for a monthly car lease payment, further illustrating its leadership position in online auto leasing.

"To kick off the new service, we are offering a 2000 BMW X5 Sport Activity Vehicle. With limited availability and most units currently selling well over Manufacturer's Suggested Retail Price (MSRP), this will give bidders a chance at a great lease deal," said Tarry Shebesta, President of American CarBuying Service. "A lease payment auction gives lessees the opportunity to save a substantial amount by choosing the payment they wish to pay. This is a better alternative than trying to negotiate with a dealer."

Bidding on the 2000 BMW X5 concludes Saturday March 25, 2000. Anyone with Internet access can bid on the item at: http://www.acscorp.com/leaseauction.html. The company's future plans call for auctions to be available on a variety of vehicles at all times. Consumers can elect to be notified automatically whenever a new auction is available for bidding on the website.

About American CarBuying Service (ACS)

American CarBuying Service (www.acscorp.com) is a leading car buying service that acts as a buying and leasing agent for car buyers. As a buyers' agent, ACS locates or orders the vehicle, negotiates a competitive price and arranges for delivery. As a leasing agent, ACS provides access to the best lease sources through its affiliation with national funding sources. ACS's customer service orientation provides consumers with a positive experience throughout the entire car acquisition process.