Founded in 1902, Santander Bank, N.A., was originally known as Sovereign Bank. Their parent company, Santander Group, serves over 100 million customers in the United Kingdom, Latin America, and Europe. Sovereign's first customers were primarily textile workers. During the 1980s and 1990s savings and loan crisis, Sovereign increased rapidly. Headquartered in Massachusetts, Sovereign became the third largest bank in Boston by obtaining other banking institutions. In September 2011, Sovereign changed its name to Santander. The goal was to develop an international brand, offering various financial products including auto loans.
Santander Bank offers comparable auto loans with various types of payment terms. There is financing available at 100%. If borrowers set up an automatic payment from any of Santander checking accounts, they can receive a 0.25% discount. As with other banks with a large customer base, there is a greater risk of receiving complaints. Although Santander Bank complaint percentages may seem high, it continues to rank below average in complaints received, in spite of its size.
Auto Loan Details …show more content…
Customers can apply for auto loans by either calling a bank representative or applying online. Santander also offers customers a pre-qualification process before beginning their car search. This gives customers the exact amount they can spend without the worry. Auto loan calculators are provided for those curious about how much they may pay monthly or whether to buy or lease a vehicle. Lower rates are offered on new car purchases when borrowers set up the automatic payments option with a Santander Bank checking account. Auto loans generally range from 24 to 60
Santander Bank offers comparable auto loans with various types of payment terms. There is financing available at 100%. If borrowers set up an automatic payment from any of Santander checking accounts, they can receive a 0.25% discount. As with other banks with a large customer base, there is a greater risk of receiving complaints. Although Santander Bank complaint percentages may seem high, it continues to rank below average in complaints received, in spite of its size.
Auto Loan Details …show more content…
Customers can apply for auto loans by either calling a bank representative or applying online. Santander also offers customers a pre-qualification process before beginning their car search. This gives customers the exact amount they can spend without the worry. Auto loan calculators are provided for those curious about how much they may pay monthly or whether to buy or lease a vehicle. Lower rates are offered on new car purchases when borrowers set up the automatic payments option with a Santander Bank checking account. Auto loans generally range from 24 to 60