Yahoo! Finance Launches Online Car Financing; Yahoo! Finance to Provide Online Auto Loan Quotes and Auto Loans Through Agreement with debis Financial Services

Business Wire, May 11, 1999

SANTA CLARA, Calif.--(BUSINESS WIRE)--May 11, 1999--

Yahoo! Inc. (Nasdaq:YHOO) today announced the addition of automotive financing capabilities to Yahoo!(R) Finance (http://finance.yahoo.com), one of the Web's most popular financial resources. Yahoo! Finance users now have the ability to access a wealth of loan information, research competitive loan rates, get auto loan quotes and apply for auto loans online. The complete range of auto loan services on Yahoo! Finance are made available to Web users in the United States by Giggo.com(R), a full-service, online car financing program operated by debis Financial Services.

"Yahoo! Finance users told us they were interested in easily accessing auto loan information, as well as having the ability to apply for and get approved for auto loans online. Our agreement with debis Financial Services to integrate Giggo.com services enables users to do this conveniently and efficiently," said Mike Riley, senior producer of Yahoo! Finance. "We are pleased to be working with Giggo.com. By providing our users with simplified access to Giggo.com, we are really rounding out the existing suite of loan offerings on Yahoo! Finance."

"We are thrilled to be working with Yahoo!," said Jeff Danford, director of Giggo.com. "Through this relationship, Giggo.com's convenient, simple and comprehensive auto-financing service is made easily available to Yahoo!'s million of users."

Three Easy Steps

Yahoo! Finance users have access to Giggo.com from the front page of Yahoo! Finance, the Yahoo! Finance Loan Center (http://loan.yahoo.com), and Yahoo! Autos (http://autos.yahoo.com), a comprehensive roadmap for researching, buying, selling, and maintaining new and used cars in one central place on the Web. Giggo.com takes the consumer through three simple steps to finance a new or used car:

1.  Get The Facts helps users decide how much to spend on a
    car, determine the value of a particular car, and
    understand the credit procedure, as well as how to
    obtain a personal credit report.

2.  Get Your Loan gives individuals access to Giggo's
    competitive interest rates, a rate chart to determine
    loan monthly payments, and an online application form.

3.  Get Your Car provides information on how to use the
    Giggo "check draft," how to determine fair car costs,
    and how to contact the Giggo.com Customer Service
    Center.

Loan applicants are notified of approval via an email message and a telephone call. Once the loan is approved, the applicant will receive a Giggo "check draft" in the mail to be used at a dealership to pay for a car.

No Lemons Allowed

Available through Yahoo! Finance and Yahoo! Autos, the Free Lemon Check gives buyers and sellers the ability to confirm the value of a vehicle. The Vehicle History Report from Carfax(R) uncovers the history of any vehicle, revealing a clean history or exposing costly and potentially dangerous problems. Yahoo! Finance users will also have access to Giggo.com's loan glossary to help demystify loan-related terminology, as well as auto loan calculators to help consumers determine exactly how much they can afford to pay for a car.

About Yahoo!

Yahoo! Inc. is a global Internet media company that offers a branded network of comprehensive information, communication and shopping services to 60 million users worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach, and is one of the most recognized brands associated with the Internet. The company's global Web network includes 18 world properties. Yahoo! has offices in Europe, the Asia Pacific, South America, Canada and the United States, and is headquartered in Santa Clara, Calif.

Note to Editors: Yahoo!, Fusion Marketing Online and the Yahoo! logo are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.