LAKE SUCCESS, N.Y. - (11/08/05) -- DealerTrack Inc. said last week thatNissan Motors Acceptance Corp. has securitized $8 million ofelectronic vehicle contracts originated and stored on the company'seContracting system, marking the first time that electroniccontracts were included in an automotive securitization on a widebasis. DealerTrack's eContracting is integrated with the company'sonline credit application processing and enables car dealers tosubmit retail sales contracts electronically to credit unions andbanks. With eContracts, the consumer receives a paper copy of thecontract, but the legal copy of the sale remains in electronicformat and is stored with DealerTrack or the lender.
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