Santander Shopper USA to Launch a New Digital Expertise for Car Sellers and Customers

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DALLAS, July 27, 2021 /PRNewswire/ — Santander Shopper USA Holdings Inc. (“SC”), right now introduced that it’s going to debut an revolutionary digital auto finance expertise that can streamline and improve vendor interplay with SC and SC’s clients. The SC answer was developed with AutoFi Inc. (“AutoFi”), a longtime digital retail chief, to additional SC’s imaginative and prescient of simplifying the automotive shopping for expertise. 

SC’s digital product suite will allow sellers to easily, and successfully, “self-service” throughout key car underwriting interplay factors with SC, enhancing sellers’ skill to promote autos. The vendor digital expertise contains instruments to establish vehicles on a vendor’s lot that match a shopper’s price range, in addition to specs to finish offers – streamlining the financing course of. The buyer digital expertise brings new “transaction-ready” car consumers to SC’s sellers by enabling customers to preview a vendor’s stock on-line and establish vehicles they need, and may afford, earlier than they go to the dealership.

The digital choices will likely be obtainable to pick out sellers over the following a number of months with a nationwide rollout deliberate for 2022.

Santander Shopper USA President and CEO, Mahesh Aditya, stated, “Sellers are our lifeblood and this bold step ahead in our digital journey will make Santander Shopper simpler to do enterprise with and can enable sellers to finish transactions sooner. Giving sellers a state-of-the-art device to self-service the mortgage decisioning course of – whereas interacting in actual time with customers throughout all spectrums of credit score – will likely be a strategic differentiator for SC.”

AutoFi’s CEO, Kevin Singerman, stated, “This new expertise we helped create for SC will result in a greater automotive shopping for expertise for on-line clients. The answer may even give sellers highly effective instruments to shut gross sales sooner than ever earlier than. We imagine this new digital answer will create a best-in-class vendor and shopper expertise, rising engagements, conversions and F&I excellence.”

These preliminary merchandise are the primary releases in a multi-year partnership between the 2 leaders within the auto business, as Santander Shopper USA continues to spend money on making the lending expertise as seamless as potential to the vendor neighborhood whereas bettering the automotive shopping for expertise for customers throughout the credit score spectrum. 

Santander Shopper USA Holdings Inc., headquartered in Dallas, Texas, is a full-service shopper finance firm targeted on car finance, third-party servicing and delivering superior service to our greater than 3.1 million clients throughout the complete credit score spectrum. SC, which started originating retail installment contracts in 1997, had a median managed asset portfolio of roughly $64 billion (for the primary quarter ended March 31, 2021). (www.santanderconsumerusa.com).

ABOUT AUTOFI

AutoFi is the main commerce platform for end-to-end digital automotive gross sales and financing, powering billions of on-line transactions yearly. By means of its revolutionary platform and expansive community of trusted lenders, AutoFi empowers sellers, together with the nation’s high sellers and digital retailers, to promote extra effectively and profitably. Moreover, AutoFi’s Lending as a Service API presents custom-made options that energy the financing for the most important branded automotive marketplaces within the business. For extra data, go to www.autofi.com.

SOURCE Santander Shopper USA Holdings Inc.

Associated Hyperlinks

http://www.santanderconsumerusa.com

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