DALLAS, March 8, 2018 /PRNewswire/ -- 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.
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) 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 and follow us on,
https://www.linkedin.com/company/autogravity,
https://twitter.com/AutoGravity,
https://www.facebook.com/AutoGravity,
https://www.instagram.com/autogravity,
https://www.youtube.com/channel/UCGefEJUmV9vdO6vUR2NvUQA
MEDIA CONTACTS:
Santander Consumer USA Communications:
Laurie W. Kight
214-801-6455
Media@SantanderConsumerUSA.com
AutoGravity Communications:
Ginny Walker
949-535-1774
Ginny.Walker@AutoGravity.com
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SOURCE Santander Consumer USA
Holdings Inc.