Santander Consumer USA Signs Letter of Intent with Maserati North America
DALLAS--Jan. 23, 2014: Santander Consumer USA Inc. ("SCUSA") today announced it has executed a Letter of Intent with Maserati North America to provide a full spectrum of auto financing services to Maserati customers and dealers in the U.S.
The non-binding Letter of Intent includes provisions for SCUSA to offer a broad range of applicable products and services, including dealer floorplan financing, and consumer retail and lease financing for Maserati vehicles. Finance options for dealers will complement subvention (special rate) and lease programs offered by Maserati, and standard rates underwritten by SCUSA.
Both parties may choose to execute a definitive contract at a later date.
About Santander Consumer USA Inc. Santander Consumer USA Inc. is a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. The company has a serviced finance portfolio of approximately $21 billion, relationships with nearly 14,000 automotive dealers in the U.S., and retail installment contracts with more than 2 million customers. The company began originating financing in 1997 and is headquartered in Dallas.