Amazon continues to expand its push into the automotive market by adding three major lenders to its Amazon Autos platform. The company announced today that customers purchasing used or certified pre-owned vehicles can now compare financing offers directly from three new institutions: Chase, Santander, and Wells Fargo. The move is designed to bring more transparency and choice to the Amazon car-buying process.
When shopping for a vehicle on Amazon Autos, customers who choose to finance their purchase can now submit a single credit application and receive multiple loan offers within minutes. The platform displays these offers side-by-side, allowing buyers to compare key details like APR, loan term, monthly payment, and total interest costs before making a decision.
“At Amazon, we’re always looking for ways to give customers more information and options when making important purchases,” said Britt Gannon, Vice President of Advertising and Automotive at Amazon. “By welcoming Chase, Santander, and Wells Fargo to Amazon Autos, we’re helping customers evaluate and select the financing that works best for them, while optimizing the process for dealerships who already know and trust these lenders.”
Potential Impact for Dealers
This integration aims to streamline a traditionally complex part of purchasing a car. After selecting a financing option, customers can complete the necessary paperwork online and then schedule a time to pick up their vehicle from the local dealership.
For auto dealers, the addition of these established lenders would allow them to offer Amazon’s vast customer base the same financial service providers they work with in their physical showrooms. This alignment simplifies the final steps of the sale and helps dealers reach a broader audience of shoppers already using Amazon for their car search.
Financial Institutions Excited About the Opportunity
The leaders of the newly added financial institutions expressed their support for the partnership, emphasizing the shift toward a more seamless and digital-first car-buying experience.
“Amazon has been a valued partner of JPMorganChase for many years, and we are thrilled to support the Amazon Autos storefront,” said Anuj Jain, Chief Product Officer and Head of Consumer, Chase Auto. “This innovative initiative underscores our shared commitment to delivering exceptional experiences for both consumers and dealers. We look forward to empowering our customers through the transformative solutions Amazon brings to the automotive market.”
Santander echoed the same sentiment as Chase, highlighting the importance of accessibility.
“Used cars play an essential role in giving consumers access to reliable transportation that fits a wide range of budgets,” said Bruce Jackson, Head of the Santander US Auto Business and CEO of Santander Consumer USA. “At Santander Consumer USA, we recognize how important it is to provide flexible financing options that meet customers where they are. Partnering with Amazon Autos reflects our ongoing commitment to making car buying and financing easier, smarter, and more accessible — empowering customers with choices that simplify the journey to owning their next vehicle.”
Wells Fargo focused on the idea of assisting not just customers but dealers as well, to create a seamless buying experience.
“Our role at Wells Fargo Auto is to help finance vehicles, meeting both dealers and customers where they are, whether that’s in person or online,” said Kevin Reen, head of Auto at Wells Fargo. “We’re excited to partner with Amazon Autos and participating dealers to create a more seamless, flexible, and transparent experience for customers.”
The expansion of financing is the latest step in Amazon’s strategy to build a comprehensive automotive storefront. The company plans to add more lending partners and extend these financing options to new-vehicle sales in the coming months. The new feature is now available in all cities where dealers list used and certified pre-owned vehicles on the Amazon Autos platform.
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