How do Santander auto loans work?
Unfortunately, Santander doesn’t disclose its auto loan interest rates publicly and it can be difficult to find information online.
Repayment terms can be anywhere between 1 and 72 months.
Confusingly, Santander distributes its loans via the Roadloans.com brand, which in turn uses Chrysler Financing to provide loan options.
Applying for your loan via the Santander website will direct you to one of these subsidiaries.
Make sure you know which company will ultimately be financing your car, as different rates may apply.
Those with bad credit are considered, although exact score requirements are not given.
However, the larger your down payment, the more likely your application is to be successful. In some circumstances, you may even be considered if you have no credit.
Again, the criteria aren’t made clear and you’ll have to contact Santander directly to find out more.