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Bank One goes with longer leasesBank One goes with longer leases
Bank One President Ed Tinsley says that, in contrast to the leasing pullout wave that began last year, the Phoenix-based lender is staying in the field with longer-term leases of preferably 48 to 60 months. It has established a remarketing team for off-lease vehicles, promotes subprime financing and is helping its 5,000 to 6,000 dealer clients upgrade their web sites to speed F&I application processing.
June 1, 2001
1 Min Read
Bank One President Ed Tinsley says that, in contrast to the leasing pullout wave that began last year, the Phoenix-based lender is staying in the field with longer-term leases of preferably 48 to 60 months.
It has established a remarketing team for off-lease vehicles, promotes subprime financing and is helping its 5,000 to 6,000 dealer clients upgrade their web sites to speed F&I application processing. Bank One exited the retail field last October in the Northeast and Northwest.
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