General Motors Acceptance Corp. bought its way into the commercial lending market last week, agreeing to pay $1.8 billion for the commercial finance unit of the Bank of New York.

It marks yet another expansion for GMAC, which has spent the past year, and some big coin, on adding to its burgeoning automotive financing operations. It will pay cash for BNY Financial Corp., the commercial lending subsidiary of the bank, which will now focuses on the servicing side of the business.

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