SuperMoney
  Santander Consumer USA Car Financing

Santander Consumer USA Car Financing

in Auto Loans from Santander Bank

Unaffiliated

Santander Consumer USA Car Financing

Unaffiliated

in Auto Loans from Santander Bank

SuperMoney Net Recommendation Score -64%

SUPERMONEY NET RECOMMENDATION SCORE

-64%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly not recommended

15 users recommend
6 users are unsure
78 users don't recommend
Cast your vote

Would you recommend Santander Consumer USA Car Financing to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Strongly not recommended
Credit Score Range 650 - 850
Loan Amount $5,000 - $75,000
APR  (Fixed APR) Starting at 1.99%
Loan Term (Months) Up to 72 months
Number of Reviews 99

Santander Consumer USA Car Financing Review

Santander Consumer USA Car Financing Disclosure: "Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months would have a monthly payment of $353.63 with no down-payment required."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Our Editor

What we love about Santander Auto Loans

Santander auto loans offer low rates, making them one of the cheaper ways to finance a new car. You can also check what rates you might qualify for without having to let Santander pull your credit, making it easier to compare with other lenders. If you have a Santander checking account, you can save even more by signing up for automatic payments, which will net you a 0.25% interest rate discount.

What could Santander Auto Loans do better?

The primary drawback of Santander’s auto loans is that they’re not widely available. Santander mainly operates in the Northeastern United States. If you live elsewhere, you won’t be able to apply for a loan from the bank. Another drawback is that Santander sometimes adds additional fees to its loans, though it does not display the fees that it charges on its website. Customers may be surprised by having to pay more than they expected to get a loan. Before you sign any loan agreement, make sure you read the fine print and the fee schedule for the loan.

Santander Auto Loans‘s backstory

Santander Bank is the American subsidiary of the Spanish Santander Group. The company is based in Boston, Massachusetts and has roughly 650 branches across the Northeast. The bank was founded in 1902 in Wyomissing, Pennsylvania. It offers a full suite of financial services, including checking and savings accounts, lending, and investing.

The Verdict

If you live in New England or one of the other states that Santander serves, its auto loans can be a good choice. You can check your rates without a hard pull on your credit, so there’s no reason not to include Santander when you’re doing rate shopping. If you live outside of the bank’s service area, you won’t be eligible for a loan.

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered U.S. Permanent Resident
Joint Loan Applications Accepted Cosigner
Maximum Vehicle Age 7
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 650 - 850
Loan Amount $5,000 - $75,000
APR (Fixed APR) Starting at 1.99%
Loan Term Up to 72 months

Santander Consumer USA Car Financing Community Reviews

 

Would you recommend Santander Consumer USA Car Financing to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

-64%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

sorted by