Chase Custom Auto Finance posting strong results

Doubled production in 2006; record numbers in 1st Q 2007

Officials praise merger w/ Bank One, expansion into full-spectrum lending

Company strategy included opening more offices, increasing capacity

Subprime auto lending grew by average of 16% to 20%

95% of business generated from DealerTrack and RouteOne

Officials don't expect fallout from subprime mortgage collapse

Say businesses, customers are much different

"This is the outcome of the merger. The two management teams mapped out the future, and we saw the subprime business as a growth opportunity." -- Bill Jensen, national custom executive, Chase Auto Finance

"A subprime customer for us is a 'need' customer. He needs a car. However, mortgage customers can always fall back to renting." -- Jensen

"In the subprime mortgage market, there appears to be a leniency in verifications of income and whatnot; in our business verifying income is standard operating procedure." -- Jensen