Finance Express Adds Santander
RANCHO SANTA MARGARITA - Finance Express, provider of a web-based financial services and technology for independent auto dealerships, has entered into an agreement with Santander Consumer USA that will make the finance source available on the software provider’s lender platform.
Finance Express provides a dealer management system to independent dealers that that allows for credit application processing, e-contracting, provides links to finance sources, loan servicing and accounting systems, and more, reported F&I and Showroom magazine.
"We are very pleased to be adding Santander to our lender platform. Dealers loved the original Drive Financial program, so I think they will be very excited to see Santander among our financial solutions," said David Huber, president of Finance Express.
Santander Consumer USA is the owner of the Drive, Santander Auto Finance, RoadLoans.com and HelpingLoans.com brands, and is a provider of indirect and direct and third-party originations and serving of auto loans. The company also claims an auto loan portfolio of approximately $25 billion and relationships with 13,000 dealers.
"We look forward to serving dealers in the important independent channel," says Matt Fitzgerald, senior vice president of marketing and sales for Santander Consumer USA. "Our finance programs will help dealers sell more cars to more customers, which is always our goal as a finance provider."
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →