Bank One Corporation, a national automotive financier, announced that it has signed an agreement to join
the DealerTrack auto finance platform so that its dealers can use the Web-based platform to secure financing for their customers.
According to the company, the dealers can now submit finance applications electronically to Bank One, monitor related application and contract status changes, access credit
reports and obtain product and program information.
"We are delighted to welcome Bank One to the DealerTrack platform," said Mark O'Neil, DealerTrack president and chief executive officer. "We're certain
that the efficiencies offered by the DealerTrack platform will make a significant and positive impact not only on Bank One's business, but also on the
business of its dealer partners."
"We continually seek ways to help our dealers serve their customers better," said Bill Jensen, who manages retail dealer services for Bank One
nationally. More than 17,000 dealers are currently enrolled on the DealerTrack platform to communicate and transact business with lenders.
About DealerTrack
With over 17,000 dealers and 20 lenders currently connected, DealerTrack is an independent web-based platform that automates
and accelerates the entire dealer-to-lender relationship, from financing to daily information sharing. According to the company, the DealerTrack platform enables application
processing, credit bureau access, electronic contracting and lease comparisons -- all in one integrated solution. More information on
DealerTrack is available at www.dealertrack.com, or by calling 877-357-8725.
About Bank One
Bank One Corporation is the nation's sixth-largest bank holding company, with assets of more than $270 billion. Bank One has nearly $14 billion in
vehicle loans.
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