Dallas-based Santander Consumer USA Inc., one of the nation’s biggest subprime auto lenders, will remain the preferred provider through 2025 of loans and leases to buyers and dealers of Jeep, Ram, Fiat, Chrysler, Dodge, Maserati and other brands of automaker Stellantis.
Stellantis, the company created by the merger of Fiat Chrysler and France’s PSA Group in January 2021, recently agreed to the contract extension with Santander Consumer, doing business as Chrysler Capital. Stellantis last year acquired its own finance arm, leading to speculation that it might let Santander Consumer’s previous 10-year deal expire in April 2023.
“This is one example of how we operate as a global company,” said Santander Consumer CEO Mahesh Aditya. “A lot of our ability to talk to large European manufacturers like Stellantis has been driven by our headquarters in Spain. We have strong relationships with Stellantis and Ferrari.”
