DALLAS — Vehix has selected RoadLoans.com as its preferred lender for Vehix customers. Visitors to Vehix.com can apply for auto financing through RoadLoans.com as part of their car shopping experience.
RoadLoans.com is a leading online auto lender specializing in financing, refinancing and servicing new and used auto loans for customers seeking a direct lending experience. Founded in 1997, RoadLoans.com is owned by Santander Consumer USA Inc., a leading automotive finance company in the U.S. Consumers shopping at Vehix.com will see the RoadLoans.com finance option when they search for a particular vehicle and indicate they need financing. Once at the RoadLoans.com website, shoppers can complete a secure online loan application and receive a loan decision in less than a minute. Consumers may customize their loan, selecting their preferences for Annual Percentage Rate (“APR”), loan term (months), and down payment amount.
“Vehix and Jumpstart are leaders in the online car shopping market,” said Will Stacy, vice president of marketing for Santander Consumer USA Inc. “RoadLoans has helped tens of thousands of people receive auto financing before they ever set foot in a dealership. “Jumpstart’s unique approach to developing industry leading marketing programs coupled with Vehix’s tremendous Web presence and network of dealer relationships allows us to help more customers purchase a car that meets their needs.
“Vehix has built one of the highest performing, consumer-centric car shopping experiences in autos,” says Choon Choi, vice president, strategy & business development for Jumpstart. “Our ability to work closely with Vehix and a first-rate lender like RoadLoans.com to develop the right, performance-based finance program is a win for online car shoppers.”
About RoadLoans.com and Santander Consumer USA Inc.
Santander Consumer USA Inc., owner of the Drive®, Santander Auto Finance®, and http://www.roadloans.com, 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 EUR 8,181 million in net attributable profit in 2010.