Rancho Santa Margarita, CA — Finance Express, the leading provider of web-based financial services and technology for independent auto dealerships, announced today that they have entered into an agreement with Santander Consumer USA, a leading company in U.S. automotive finance.
“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,” says David Huber President of Finance Express.
“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.”
About Finance Express
Finance Express is the leading provider of online services and web-based technology for the independent dealer market including a comprehensive DMS with functions such as dealer inventory management, credit application processing, electronic contracting, links to lending sources, dealer management tools, and loan servicing and accounting systems. The comprehensive program provides dealers online access to a single, seamless solution and insures a safe and secure environment for participating lenders. For more information about Finance Express, visit their website at: www.financeexpress.com
About Santander Consumer USA
Santander Consumer USA Inc., owner of the Drive®, Santander Auto Finance®, RoadLoans.com® and HelpingLoans.com® brands, is a leading company in the automotive finance sector, whose core business is indirect, direct and third-party originations and servicing of auto loans. The company has a serviced auto loan portfolio of approximately $25 billion and relationships with nearly 13,000 dealer partners in the U.S. The company began originating loans in 1997 and is headquartered in Dallas.
Santander Consumer USA is a unit of Banco Santander (SAN.MC, STD.N, BNC.LN), a retail and commercial bank, based in Spain, with a presence in 10 main markets. At the end of 2010, Santander was the largest bank in the euro zone and 10th in the world by market capitalization. Founded in 1857, Santander had at year-end EUR 1,362 billion in managed funds, more than 95 million customers, 14,082 branches – more than any other international bank – and 179,000 employees. It is the largest financial group in Spain and Latin America. Furthermore, it has relevant positions in the United Kingdom, Portugal, the U.S. northeast and, through its Santander Consumer Finance arm, in Germany and Poland. Santander registered €8,181 million in net attributable profit in 2010.