Putting the simple back into ‘simple interest’ vehicle financing

Just because auto financing involves “simple interest” doesn’t mean everyone understands it.

And as a large auto lender with several million customers, Santander Consumer USA knows that many borrowers are confused by how simple interest works.

That confusion can cost a borrower money, so it’s in his/her interest, your interest, to make those monthly auto payments on time, at least, or even early if possible.

To help you understand how simple interest works, we’ve produced a short video that should help. Part of our “Finance in Action” video series, “How Simple Interest Works” appears in the Learning Center on the Santander Consumer USA website.

Simple interest vehicle financing