Santander Consumer USA Inc. (“Santander Consumer”) today announced a new, exclusive multi-year agreement in the U.S. with INEOS Automotive Ltd (“INEOS Automotive”), which will enable it to serve as INEOS Automotive’s preferred provider of automobile financial services in the United States.
Santander Consumer will support INEOS Automotive as it launches its flagship vehicle, the Grenadier, by providing nationwide loan and lease options. The Grenadier is a premium 4X4 off-roader vehicle which has seen incredible interest and demand and will be available in the U.S. during the fourth quarter of 2023.
“Our new relationship with INEOS Automotive is emblematic of the focus we place on forging partnerships with high-quality automotive companies and providing the best possible service to our dealer partners so that it’s easier for them to offer quality financing, generate more sales through reduced rates, and qualify customers across all credit levels. We are excited to add INEOS Automotive to our U.S. portfolio of clients and look forward to assisting in the introduction and financing of Grenadiers in the coming months.”
President of Chrysler Capital and Auto Relationships at Santander Consumer
Greg Clark, Executive Vice President, Americas at INEOS Automotive, said, “As a premium vehicle brand, INEOS Automotive sought a best-in-class financing partner to provide retail and lease sales in the U.S., while providing a superior customer and loyalty experience. We are excited to expand our relationship with a leader in auto finance and look forward to a long and successful partnership.”
This new agreement bolsters Santander Consumer’s leadership position in the U.S. auto finance sector and builds on Santander Group’s existing auto financing relationship with INEOS Automotive in the UK, Germany, France, Italy, Spain, and Austria.