Capital One Financial, adding car loans and mortgages to its business, has completed a $193 million acquisition of Onyx Acceptance, an auto loan originator based in Foot Hill Ranch, Calif.
Onyx does business with about 12,000 auto dealerships and originated about $2.5 billion in auto loans in its most recent 12-month period. The acquisition makes Capital One’s car loan business, called Capital One Auto Finance, the country’s second largest independent auto lender.
For this complete story, please visit Capital One Completes $193 million Auto Finance Acquisition.
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