CarsDirect.com has teamed up with Bank One to create CD1 Financial.com, a full service Internet automotive lending and leasing company.
CD1 Financial.com will provide online buyers with auto loans, leases and insurance. Through CarsDirect.com, the company claims, consumers will be able to custom-design the financing to suit their specific needs, and to apply and make payments for credit and insurance quickly. The company hopes to pull in more than $1 billion in leases and loans during its first 24 months of operation, said CEO Greg Brogger.
