SAN FRANCISCO – AutoFi, a commerce platform for digital automotive sales and financing, announced that Santander Consumer Canada has joined its network of North American automotive lending partners.
Santander Consumer Canada, based in Edmonton, Alberta, is part of global financial group Banco Santander based in Madrid, Spain. Participating in AutoFi’s program reflects Santander Consumer Canada’s progressive approach to digital financing, allowing customers to receive fast, easy and convenient automotive financing options and approval from anywhere.
AutoFi’s comprehensive platform provides automotive commerce solutions for dealers, marketplaces, OEMs and lenders, integrating the online, remote, and in-store sales experiences. Customers shopping or researching vehicles online can obtain instant credit approval and a firm financing offer from Santander Consumer Canada through Canada’s top automotive dealers. After selecting the financing terms and monthly payment that work best for them, customers can easily shop for their vehicle, learn the value of their trade-in vehicle, and select finance and insurance (F&I) products entirely online.
“We’re pleased to have Santander Consumer Canada join our network of more than 40+ lending institutions in North America,” said Kevin Singerman, CEO and co-founder of AutoFi. “Santander Consumer Canada shares in our vision of bringing innovation to the automotive purchase experience and digital finance is a large part of that.”
“Santander Consumer is pleased to partner with AutoFi in Canada as it supports our initiatives to provide innovative lending solutions to our dealer partners and consumers nationally,” said Galen Gower, Vice President, Corporate Strategy of Santander Consumer Canada. “We look forward to expanding our lending reach and continue our growth with prime to full-spectrum programs in automotive and powersports. Santander Consumer is now in Canada, on AutoFi and here to help dealers and consumers thrive.”
AutoFi's digital commerce and API solutions empower the nation's leading automotive lenders to reach and seamlessly serve more customers with a better car-buying experience. The company also helps lenders provide dealers with powerful tools to close sales faster than ever before. As a result, billions of dollars in transactions will be processed through the AutoFi platform this year.