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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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