Auto Finance

What you will need to know about financing a vehicle purchase

Vehicle financing with Otto and Santander Consumer USA
August 24, 2020

Vehicle financing with Otto and Santander Consumer USA

Otto is like most people. When he buys a vehicle, he finances the purchase through an auto lender. In his case, Otto obtains financing for his vehicle from Santander Consumer USA (SC). And so begins a relationship that will last…

Couple saving in piggy bank
June 26, 2020

How to set up a monthly budget to finance a new vehicle

Know how much vehicle you can afford. Learning how to set up a monthly budget is the key to buying a new vehicle while ensuring you don’t overextend your finances, according to experts including Consumer Reports and Edmunds.com. Even using…

Interest rate calculator: How your credit score affects car financing
June 19, 2020

Interest rate calculator: How your credit score affects car financing

Thousands of dollars. That could be the difference between lower and higher credit scores when financing a vehicle, based on an interest-rate calculator at nerdwallet.com and data reported by Experian. Here’s what we mean: The average nonprime borrower, with a…

Young woman using auto-finance calculator
June 12, 2020

How to use an auto finance calculator: A step-by-step guide

It’s useful to know how to use an auto finance calculator when you plan to buy a car. Fortunately auto finance calculators are not that difficult to figure out. For example, the Affordability Calculator at Santander Consumer USA (SC) requires…