Printer Friendly

lanelogic and DSC to Offer Instant Credit Line to Dealers.

DALLAS -- lanelogic and Dealer Services Corporation (DSC), the fastest growing inventory finance company in the United States, have announced a plan to offer lanelogic dealers an instant line of credit to allow lanelogic dealers to experience the DSC difference. The line of credit will predominately be used to purchase lanelogic vehicles; all vehicles come with a 45 day buyback guarantee. The financing mechanism will create a seamless, no hassle way to floor plan and complete lanelogic transactions.

lanelogic is the first company of its kind, offering instant bids for used vehicles while also helping the dealer acquire vehicles he needs the most. The company recently announced the formal completion of its pilot program and the aggressive national roll out into 21 additional states by April of this year. lanelogic introduced its concept at the 2006 NADA convention in Orlando and started active trading two months later in April of 2006. Today, hundreds of vehicles are moved daily from dealer to dealer through lanelogic's proprietary trading floor.

"The instant credit line will give our dealers increased buying power and ultimate convenience without the traditional application process. Transaction processing and payment can be integrated into a single step. The DSC credit line also allows us greater flexibility in sourcing the dealer's best performing vehicles," said Bruce Thompson, lanelogic's CEO and founder.

The companies will launch the instant credit line to dealers this year at the 2007 NADA convention in Las Vegas.

"DSC is very excited to extend financing to lanelogic's dealer base. Financing vehicles that sell in a 22 day average fits very well with our business model. Because lanelogic only acquires the top performing vehicles for its dealer base, the opportunity to help finance these vehicles is compelling," said John Fuller, founder, President and CEO of DSC.

NADA convention attendees have the opportunity to visit lanelogic's exhibit, booth # 3599C. lanelogic CEO/Founder, Bruce Thompson, renowned inventory optimization entrepreneur, will present hourly workshops during the NADA Conference. Workshop attendees are eligible for a door prize given at the end of each presentation.


Dealer Services Corporation has established 58 full service locations providing national coverage. Led by industry pioneer John Fuller and complemented by an experienced staff, DSC provides flexible and cost effective inventory financing solutions to dealership operations in the areas of: Salvage, Automotive, Rental, Powersports, Recreational and Marine. DSC also provides dealer operators with competitively priced business insurances and aftermarket products. DSC is prepared to handle all aspects of "floor planning" from the most traditional to today's on-line environment. Recognized as an innovator of dealership programs, DSC is proud to have over 8,000 contracted dealers. For more information and to "Discover the Difference," visit us at


lanelogic, Inc. electronically trades used vehicles from dealerships where they're not needed to dealerships where they are. It is led by CEO Bruce Thompson, former CEO and founder of used car inventory management system pioneer American Auto Exchange, Inc. The company operates through strategic alliances with American Auto Exchange, Inc., Auction Broadcasting Company (ABC Auctions), SGS Automotive Inspections, Dealer Services Corporation, Cross Country Transportation and The Great American Insurance Group, AM Best Rated "A" Excellent, as of January 4, 2007.

For more information, please visit:

Learn more about lanelogic by watching a video presentation:
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 4, 2007
Previous Article:Free For Sale by Owner Real Estate Advertising Goes National.
Next Article:INTECH Announces Promotions.

Related Articles
'Expert' software & lower-cost hardware for testing/QC.
Lower cost analytical instruments aim for the Q-C user.
Copart, Inc. (NASDAQ:CPRT) Announces Strategic Investment in Dallas, Texas Based lanelogic, LLC; lanelogic and Copart/VB2 Have Partnered to Bring...
Liquid Motors and lanelogic Announce Strategic Partnership.
Former CarMax Executive, Tim Zierden, Named Vice President of Trading Operations of lanelogic; CarMax Pioneer Tim Zierden Working with lanelogic to...
Record Bid Volume for lanelogic; lanelogic Bid Requests Amount to More Than $13,600,000 over Memorial Day Weekend.
lanelogic Introduces Put Bid Program; Put Bid Program Overwhelming Received by Dealers; ''Water in Inventory'' Becomes a Thing of the Past with...
lanelogic and DSC Announce Partnership; DSC Dealers Now Can Seamlessly Purchase and Finance Cars Through lanelogic.
lanelogic, Inc. Completes Pilot and Announces 300 + Dealership Expansion.
lanelogic Sets Record Volume and Revenue in April.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters