In an outgrowth of its aggressive Internet strategy, Bank One Corp. has become the main provider of automobile loan and lease financing for customers of CarsDirect.com.

The automobile retailer lets consumers nationwide configure, finance, buy, and arrange delivery of their cars via the Internet. The service was officially started last week after a test lasting about five months during which 600 cars, valued at $20 million, were sold.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.