WFS Financial Picks GE Auto Warranty Services; Auto Financing giant says GE selected for its ``Best In Class'' service

Business Wire, July 19, 2005

LAKEWOOD, Colo. -- WFS Financial announced that it has chosen GE Auto Warranty Services as its exclusive provider of vehicle service contracts for its national network of automobile dealers. GE Auto Warranty Services' extensive product offerings, electronic contract fulfillment and e-claims processing will simplify the process for WFS Financial dealers and its customers.

"This agreement will leverage the strong brand, dealer relationships and outstanding consumer reputation of WFS Financial with the industry leading service and technology of GE Auto Warranty Services, providing a powerful one-two punch for dealer F&I departments and their customers," said Jim Slavik, president of GE Auto Warranty Services.

"After an extensive review process we chose GE Auto Warranty Services because they offer best in class products and services," said Tom Wolfe, chief executive officer and president of WFS Financial. "This new relationship with GE is another example of our commitment to bring value-added services to our network of dealers."

About WFS Financial:

WFS Financial is one of the nation's largest independent automobile finance companies. WFS Financial specializes in originating, securitizing, and servicing new and pre-owned prime and non-prime credit quality automobile contracts through its nationwide relationships with automobile dealers. WFS Financial is a publicly owned company whose common stock is traded on the NASDAQ under the symbol WFSI. Information about WFS Financial can be found at its web site at www.wfsfinancial.com.

About GE Auto Warranty Services:

GE Auto Warranty Services, part of GE Consumer Finance, is a leading provider of vehicle service contracts and related products. Learn more at www.geaws.com. To contact GE Auto Warranty Services, call 1-800-828-1392 or e-mail awssales@ge.com. With $150 billion in assets, GE Consumer Finance, a unit of General Electric Company, is a leading provider of credit services to consumers, retailers and auto dealers in 47 countries around the world. For more information, visit www.geconsumerfinance.com. GE (NYSE:GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit www.ge.com.