Navidec Inc. has completed the sale of DriveOff.com to Carpoint Inc., which results in a third-quarter gain of approximately $45 million to Navidec. The transaction represents the exchange of 12.7 percent of Carpoint stock, owned by Microsoft and Ford Motor Co., for 100-percent ownership of DriveOff.com. The sale of DriveOff.com also reduces Navidec’s expenses by approximately $4.5 million per quarter, beginning in the fourth quarter of 2000. DriveOff.com now will be one of Navidec’s largest eSolutions customers through a services agreement with a proposed initial term of 18 months. Carpoint, an online car-buying service, reaches more than 6 million consumers monthly and generates nearly $8 billion in annual sales to more than 5,000 auto dealers. As a wholly owned subsidiary of Carpoint, DriveOff.com will continue to operate its dealer-endorsed direct auto-buying site and enhance its focus on powering the auto-buying programs of large membership organizations, buying clubs, and financial institutions.