Santander Consumer USA is working with AutoFi to transform the automobile financing journey

DALLAS – July 27, 2021

Santander Consumer USA Holdings Inc. (“SC”), today announced that it will debut an innovative digital auto finance experience that will streamline and enhance dealer interaction with SC and SC’s customers. The SC solution was developed with AutoFi Inc. (“AutoFi”), an established digital retail leader, to further SC’s vision of simplifying the car buying experience.

SC’s digital product suite will enable dealers to simply, and effectively, “self-service” across key vehicle underwriting interaction points with SC, enhancing dealers’ ability to sell vehicles. The dealer digital experience includes tools to identify cars on a dealer’s lot that fit a consumer’s budget, as well as specifications to complete deals – streamlining the financing process. The consumer digital experience brings new “transaction-ready” vehicle shoppers to SC’s dealers by enabling consumers to preview a dealer’s inventory online and identify cars they want, and can afford, before they visit the dealership.

The digital offerings will be available to select dealers over the next several months with a national rollout planned for 2022.

Santander Consumer USA President and CEO, Mahesh Aditya, said, “Dealers are our lifeblood and this ambitious step forward in our digital journey will make Santander Consumer easier to do business with and will allow dealers to complete transactions faster. Giving dealers a state-of-the-art tool to self-service the loan decisioning process – while interacting in real time with consumers across all spectrums of credit – will be a strategic differentiator for SC.”

AutoFi’s CEO, Kevin Singerman, said, “This new technology we helped create for SC will lead to a better car buying experience for online customers. The solution will also give dealers powerful tools to close sales faster than ever before. We believe this new digital solution will create a best-in-class dealer and consumer experience, increasing engagements, conversions and F&I excellence.”

These initial products are the first releases in a multi-year partnership between the two leaders in the auto industry, as Santander Consumer USA continues to invest in making the lending experience as seamless as possible to the dealer community while improving the car buying experience for consumers across the credit spectrum.

Santander Consumer USA Holdings Inc., headquartered in Dallas, Texas, is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 3.1 million customers across the full credit spectrum. SC, which began originating retail installment contracts in 1997, had an average managed asset portfolio of approximately $64 billion (for the first quarter ended March 31, 2021). (


AutoFi is the leading commerce platform for end-to-end digital automotive sales and financing, powering billions of online transactions every year. Through its innovative platform and expansive network of trusted lenders, AutoFi empowers sellers, including the nation’s top dealers and digital retailers, to sell more efficiently and profitably. Additionally, AutoFi’s Lending as a Service API offers customized solutions that power the financing for the largest branded automotive marketplaces in the industry. For more information, visit

Santander US Investor Relations
Evan Black

Santander US Media Relations
Laurie Kight

Justin Hamilton

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