Santander Consumer USA and AutoGravity Work to Transform the Car-Buying and Financing Journey
March 08 2018 - 6:00AM
Business Wire
Santander Consumer USA’s finance offers are now
available on the AutoGravity mobile application
Santander Consumer USA Holdings Inc. (NYSE: SC) today
announced it has reached an agreement with automotive technology
leader AutoGravity to streamline and simplify the car-buying
process for consumers. Through this agreement, Santander Consumer
USA’s indirect finance offers will be available to AutoGravity
customers nationwide through the AutoGravity mobile app.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180308005454/en/
AutoGravity & Santander app photo
(Photo: Business Wire)
Through an easy-to-use digital platform the AutoGravity app
connects ready-to-buy car shoppers with everything they need to
drive off the lot in their new vehicle. Consumers can browse local
inventory; determine the value of their trade-in; apply for
financing; and select from up to four personalized finance offers
in minutes — all from one application. Consumers can then take
their offer of choice to their local dealership to purchase the
vehicle they selected.
Available for all iOS and Android devices, AutoGravity can
provide car buyers with up to four tailored loan or lease offers in
minutes. AutoGravity has attracted more than 1.5 million users, who
have collectively requested over $2 billion in vehicle financing.
As more consumers turn to mobile devices to add cars to their
digital shopping lists, Santander Consumer USA will be uniquely
positioned to reach this growing population.
“AutoGravity is a natural fit that allows us to better serve our
customers and dealers with award-winning smartphone technology,”
said Rich Morrin, President of Chrysler Capital and Auto
Relationships for Santander Consumer USA. “AutoGravity is a
leading innovator in the car buying and financing experience.
Finance offers from Santander Consumer USA are now available to the
millions of users who use AutoGravity to help them find the car and
payment that’s right for them.”
“The modern consumer begins their car search online, often from
their smartphone in the palm of their hand,” said Andy Hinrichs,
Founder and CEO of AutoGravity. “Our collaboration with Santander
Consumer USA expands the range of indirect financing options
available to consumers who use AutoGravity to find and finance
their next car on their mobile device and save hours on the car
buying journey.”
The AutoGravity app is available via the Apple App Store, the
Google Play Store and all web devices at www.autogravity.com.
About Santander Consumer
USA
Santander Consumer USA Holdings Inc. (NYSE: SC) (“SC”) is a
full-service consumer finance company focused on vehicle finance,
third-party servicing and delivering superior service to our more
than 2.6 million customers across the full credit spectrum. The
Company, which began originating retail installment contracts in
1997, has a managed asset portfolio of approximately $49
billion as of December 31, 2017, and is headquartered
in Dallas. (www.santanderconsumerusa.com)
About AutoGravity
Corporation
AutoGravity technology is revolutionizing the digital car-buying
experience. Harnessing the power of the smartphone, AutoGravity’s
award-winning platform empowers car shoppers with transparency,
convenience and speed. Based in Irvine, California, AutoGravity
partners with the world’s leading banks and financial services
companies to give car buyers direct control over how they finance
or lease their cars, while connecting them to a nationwide network
of trusted car dealerships. Available on iOS, Android and Web,
AutoGravity provides car buyers with up to four tailored loan or
lease offers in minutes. For more information, please visit
www.AutoGravity.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180308005454/en/
Santander Consumer USA Communications:Laurie W. Kight,
214-801-6455Media@SantanderConsumerUSA.comorAutoGravity
Communications:Ginny Walker,
949-535-1774Ginny.Walker@AutoGravity.com
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