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SOLAR FINANCIAL OPENS NEW AUTO LEASING DIVISION

 MIAMI, Aug. 5 /PRNewswire/ -- Solar Financial Services, Inc. (NASDAQ: SOFI) ("Solar") announces today that Solar has entered the business of leasing of "new luxury vehicles." This operation will do business under the name "Don L. Motors Leasing."
 "This new leasing operation will complement our traditional business of selling and financing used vehicles. Additionally, this operation could create future inventory, once a lease has expired and the vehicles are returned," said David L. Pavsner, Solar's president and chief executive officer.
 Solar operates Auto Depots under the name of "Don L. Motors" in the Dade and Broward County Markets (South Florida). Solar also operates a finance company that finances the sale of used vehicles, with an average receivable balance of approximately $20.0 million, and an insurance repair facility.
 -0- 8/5/93
 /CONTACT: David L. Pavsner, CEO, 305-835-1160, or Laurance B. Hankin, CFO, 305-835-1121, both of Solar Financial Services, Inc./
 (SOFI)


CO: Solar Financial Services, Inc. ST: Florida IN: FIN AUT SU: PDT

RC-AW -- FL004 -- 9768 08/05/93 09:54 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
Words:171
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