Finance Express Adds Santander
RANCHO SANTA MARGARITA - Finance Express, provider of a web-based financial services and technology for independent auto dealerships, has entered into an agreement with Santander Consumer USA that will make the finance source available on the software provider’s lender platform.
Finance Express provides a dealer management system to independent dealers that that allows for credit application processing, e-contracting, provides links to finance sources, loan servicing and accounting systems, and more, reported F&I and Showroom magazine.
"We are very pleased to be adding Santander to our lender platform. Dealers loved the original Drive Financial program, so I think they will be very excited to see Santander among our financial solutions," said David Huber, president of Finance Express.
Santander Consumer USA is the owner of the Drive, Santander Auto Finance, RoadLoans.com and HelpingLoans.com brands, and is a provider of indirect and direct and third-party originations and serving of auto loans. The company also claims an auto loan portfolio of approximately $25 billion and relationships with 13,000 dealers.
"We look forward to serving dealers in the important independent channel," says Matt Fitzgerald, senior vice president of marketing and sales for Santander Consumer USA. "Our finance programs will help dealers sell more cars to more customers, which is always our goal as a finance provider."
More Industry
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →