Santander Consumer USA Secures Exclusive Multi-Year Agreement with INEOS Automotive
5 October 2023
Santander Consumer USA Inc. (Santander Consumer) has unveiled an exclusive multi-year partnership with INEOS Automotive Ltd (INEOS Automotive) in the United States. This agreement establishes Santander Consumer as the preferred provider of automobile financial services for INEOS Automotive in the U.S.
Santander Consumer will extend support to INEOS Automotive as it prepares to launch its flagship vehicle, the Grenadier, by offering nationwide loan and lease options. The Grenadier is a premium 4X4 off-roader that has garnered significant interest and demand. It is slated to become available in the U.S. during the fourth quarter of 2023.
Betty Jotanovic, President of Chrysler Capital and Auto Relationships at Santander Consumer, emphasized the company's commitment to forming partnerships with reputable automotive firms and facilitating quality financing services for their dealer partners. This strategic alliance aims to simplify financing, enhance sales opportunities through reduced rates, and ensure accessibility for customers across various credit profiles.
Greg Clark, Executive Vice President, Americas at INEOS Automotive, expressed the brand's quest for a top-tier financing partner to manage retail and lease sales in the U.S., delivering an exceptional customer experience and fostering brand loyalty. INEOS Automotive looks forward to expanding its collaboration with a leader in auto finance for a long and fruitful partnership.
This collaboration reinforces Santander Consumer's prominent position in the U.S. auto finance sector and complements the existing auto financing relationship between the Santander Group and INEOS Automotive across several European countries, including the UK, Germany, France, Italy, Spain, and Austria.