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O.C. BUSINESS PLUS

Service Adds Financing Options

July 20, 1999|Jonathan Gaw

Irvine-based Autobytel.com Inc., moving to expand its auto-financing options for customers on the Internet, today will announce an agreement with Lending Tree, an online loan broker, and Credit Management Solutions Inc., an online credit automation firm.

As part of the deal, Autobytel customers can turn to these lenders to finance any car, whether they purchased it through Autobytel or somewhere else.

Currently, Autobytel.com works with four financing companies, but the arrangement with Lending Tree and CMSI will give it access to at least 10 firms in August.

Autobytel.com will receive fees from the lenders for each application that a customer fills out and for each loan that is closed.

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