DALLAS, April 9, 2012 /PRNewswire/ -- Online automotive
research site Cars.com has selected RoadLoans.com as its
exclusive lender for its online customers. Visitors to Cars.com,
newcars.com and pickuptrucks.com can get pre-approved for auto
financing as part of their automotive shopping experience.
RoadLoans.com is a leading online auto lender specializing in
new and used auto financing for customers with all types of
credit seeking a direct lending experience. RoadLoans.com also
offers customers the opportunity to refinance an existing auto
loan. Founded in 1997, RoadLoans.com is owned by Santander Consumer
USA Inc., a leading automotive
finance company in the U.S.
Consumers shopping at Cars.com will have the option to select
financing as part of their search for a particular vehicle. Once at
the Car Financing Center, shoppers can complete a secure online
loan application and receive a loan decision in less than a minute.
Consumers may customize their auto loan, selecting their
preferences for Annual Percentage Rate ("APR"), loan term (months)
and down payment amount. Consumers will also benefit from
educational tools such as payment calculators, car videos, online
chat with an auto loan specialist, and contact information for the
dealer selling the vehicle.
"Cars.com and RoadLoans.com are leaders in the online car
shopping market, and are uniquely positioned to connect approved
consumers with participating dealers," says Lana Johnson, vice president of originations for
Santander Consumer USA.
"RoadLoans has helped hundreds of thousands of people receive
auto financing before they ever set foot in a dealership, which
removes much of the anxiety consumers feel when they purchase a
car," adds Johnson. "Cars.com is a trusted brand by millions of
people, and their Web presence coupled with our finance
capabilities allow us to help more customers purchase a car."
"Cars.com is thrilled to work with RoadLoans.com to offer
real-time finance decisions to our customers by a trusted, global
banking leader like Santander," says Mark
Seaton, director of new business for Cars.com.
"Cars.com customers will be more empowered than ever to get the
vehicle they are looking for with a pre-approved voucher from a
respected lender. RoadLoans.com has the ability to offer
competitive financing to all credit types from prime, to non-prime
to sub-prime, which was very important to us," stated Seaton.
"Cars.com is a premier site and brand among auto shoppers, and by
working with RoadLoans.com we deliver a true win for our customers
and dealers."
About RoadLoans.com and Santander Consumer USA Inc.
Santander Consumer USA Inc., owner of the Drive®,
Santander Auto Finance® and RoadLoans.com® brands, is a
leading company in the automotive finance sector, whose core
business is indirect, direct and third-party originations and
servicing of auto loans. The company has a serviced auto loan
portfolio of approximately $21
billion and relationships with nearly 13,000 dealers in the
U.S. The company began originating loans in 1997 and is
headquartered in Dallas.
(http://www.santanderconsumerusa.com and
http://www.roadloans.com)
Santander Consumer USA is a
unit of Banco Santander (SAN.MC, STD.N, BNC.LN), a retail and
commercial bank, based in Spain,
with a presence in 10 main markets. At the end of 2010, Santander
was the largest bank in the euro zone and 10th in the world by
market capitalization. Founded in 1857, Santander had at year-end
EUR 1,362 billion in managed funds,
more than 95 million customers, 14,082 branches – more than any
other international bank – and 179,000 employees. It is the largest
financial group in Spain and
Latin America. Furthermore, it has
significant positions in the United
Kingdom, Portugal, the U.S.
northeast and, through its Santander Consumer Finance arm, in
Germany and Poland. Santander registered euro 8,181 million in net attributable profit in
2010.
About Cars.com
Cars.com is an award-winning online destination for car shoppers
that offers information from consumers and experts to help buyers
formulate opinions on what to buy, where to buy and how much to pay
for a car. With price listings, side-by-side comparison tools,
photo galleries, videos, unbiased editorial content and a large
selection of new- and used-car inventory, Cars.com puts millions of
car buyers in control of their shopping process with the
information they need to make confident buying decisions. Launched
in June 1998, Cars.com is a division
of Classified Ventures LLC, which is owned by leading media
companies, including Belo (NYSE: BLC), Gannett Co., Inc. (NYSE:
GCI), The McClatchy Company (NYSE: MNI), Tribune Company and The
Washington Post Company (NYSE: WPO).
Media
Contacts:
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|
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Laurie
Kight
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Ron Hall
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Santander Consumer USA
Inc.
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Cars.com
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214-237-3690
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312-601-5757
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lkight@santanderconsumerusa.com
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rhall@cars.com
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SOURCE Santander Consumer USA
Inc.