Charter One Auto Finance to Participate on the DealerTrack Auto Finance Platform; Financing Sources Available on DealerTrack Now Exceed 45.Business Editors/Automotive Writers MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 20, 2003 DealerTrack, Inc. today announced that Charter One Auto Finance has joined the growing list of indirect auto financing sources participating on the DealerTrack(TM) platform. Dealer customers of Charter One are now able to access the company's financing programs on DealerTrack 24-hours-a-day, seven-days-a-week. Through the platform, these dealers can submit credit applications to Charter One and monitor their real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. status. They can request credit reports and connect with additional financing sources on the platform, as well as integrate information from the DealerTrack platform with leading dealer management systems. "Charter One Auto Finance believes in the importance of automating the processes associated with automotive finance," said Mike Holloway, president of Charter One Auto Finance. "DealerTrack has proven its value in this area, and we look forward to leveraging the platform to drive greater efficiencies and cost savings both for our business and that of our dealers." "We're very pleased to welcome another of the nation's top financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. institutions to the DealerTrack platform," said Mark O'Neil, DealerTrack president and chief executive officer. "We look forward to supporting Charter One as it continues to enhance its service to, and relationships with, its dealer customers." About DealerTrack, Inc.: With over 21,000 dealers and over 45 financing sources currently connected, DealerTrack is North America's premier independent Web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting and lease comparisons - all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing and credit report access. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725. About Charter One: Charter One Auto Finance is the auto finance subsidiary of Charter One Bank. Charter One Bank has $44 billion in total assets, making it one of the 25 largest bank holding companies in the country. The Bank has more than 550 banking center locations in Ohio, Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. , Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , Vermont Vermont (vərmŏnt`) [Fr.,=green mountain], New England state of the NE United States. It is bordered by New Hampshire, across the Connecticut R. , Connecticut Connecticut, state, United StatesConnecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). and entered Indiana in August 2003. The Company's diverse product set includes: consumer banking, indirect auto finance, commercial leasing, business lending, commercial real estate lending, mortgage banking, and retail investment products. For additional information, including press releases, investor presentations, committee charters, and reports filed with the SEC, investors are directed to Charter One's web site: www.charterone.com. |
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