Santander Consumer Canada Joins the AutoFi Lending Network
Participating in AutoFi’s program reflects Santander Consumer Canada’s progressive approach to digital financing.
Participating in AutoFi’s program reflects Santander Consumer Canada’s progressive approach to digital financing.
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.
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →