Auto Finance

What you will need to know about financing a vehicle purchase

How an auto loan works for Santander Consumer customers
July 8, 2021

How an auto loan works for Santander Consumer customers

Know before you go. Or more accurately, before you drive. When it comes to shopping for a new vehicle, getting approved for financing is just one step in the overall car-buying process. Having a clear understanding of how an auto…

What you need to know about credit when financing a vehicle
April 9, 2021

What you need to know about credit when financing a vehicle

It should be no surprise. What you need to know about credit when financing a vehicle is that lenders generally provide more financing to borrowers with higher credit scores. Almost half the money loaned goes to so-called super-prime borrowers –…

What is a simple interest contract in auto financing?
March 11, 2021

What is a simple interest contract in auto financing?

Just because auto financing involves simple interest contracts doesn’t mean everyone understands them. Asking the question “What is a simple interest contract?” is not unusual. And as a large auto lender with several million customers, Santander Consumer USA knows that…

Why your credit score is important
March 10, 2021

Why your credit score is important when financing a vehicle

Why is your credit score important? It may be one of the most important numbers in your life – besides your blood pressure reading – because it helps determine the availability and cost of credit for vehicles and other purchases….