Santander Consumer USA And AutoGravity Work To Transform The Car-Buying And Financing Journey

DALLAS, March 8, 2018 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) today announced it has reached an agreement with automotive technology leader AutoGravity to streamline and simplify the car-buying process for consumers. Through this agreement, Santander Consumer USA's indirect finance offers will be available to AutoGravity customers nationwide through the AutoGravity mobile app.

Through an easy-to-use digital platform, the AutoGravity app connects ready-to-buy car shoppers with everything they need to drive off the lot in their new vehicle. Consumers can browse local inventory; determine the value of their trade-in; apply for financing; and select from up to four personalized finance offers in minutes — all from one application. Consumers can then take their offer of choice to their local dealership to purchase the vehicle they selected.

Available for all iOS and Android devices, AutoGravity can provide car buyers with up to four tailored loan or lease offers in minutes. AutoGravity has attracted more than 1.5 million users, who have collectively requested over $2 billion in vehicle financing. As more consumers turn to mobile devices to add cars to their digital shopping lists, Santander Consumer USA will be uniquely positioned to reach this growing population.

"AutoGravity is a natural fit that allows us to better serve our customers and dealers with award-winning smartphone technology," said Rich Morrin, President of Chrysler Capital and Auto Relationships for Santander Consumer USA. "AutoGravity is a leading innovator in the car buying and financing experience. Finance offers from Santander Consumer USA are now available to the millions of users who use AutoGravity to help them find the car and payment that's right for them."

"The modern consumer begins their car search online, often from their smartphone in the palm of their hand," said Andy Hinrichs, Founder and CEO of AutoGravity. "Our collaboration with Santander Consumer USA expands the range of indirect financing options available to consumers who use AutoGravity to find and finance their next car on their mobile device and save hours on the car buying journey."

The AutoGravity app is available via the Apple App Store, the Google Play Store and all web devices at www.autogravity.com.

About Santander Consumer USA

Santander Consumer USA Holdings Inc. (NYSE: SC) is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 2.6 million customers across the full credit spectrum. The Company, which began originating retail installment contracts in 1997, has a managed asset portfolio of approximately $49 billion as of December 31, 2017, and is headquartered in Dallas. (www.santanderconsumerusa.com)

About AutoGravity Corporation

AutoGravity technology is revolutionizing the digital car-buying experience. Harnessing the power of the smartphone, AutoGravity's award-winning platform empowers car shoppers with transparency, convenience and speed. Based in Irvine, California, AutoGravity partners with the world's leading banks and financial services companies to give car buyers direct control over how they finance or lease their cars, while connecting them to a nationwide network of trusted car dealerships. Available on iOS, Android and Web, AutoGravity provides car buyers with up to four tailored loan or lease offers in minutes. For more information, please visit www.AutoGravity.com and follow us on, https://www.linkedin.com/company/autogravity, https://twitter.com/AutoGravity, https://www.facebook.com/AutoGravity, https://www.instagram.com/autogravity, https://www.youtube.com/channel/UCGefEJUmV9vdO6vUR2NvUQA

MEDIA CONTACTS:
Santander Consumer USA Communications:
Laurie W. Kight
214-801-6455
Media@SantanderConsumerUSA.com

AutoGravity Communications:
Ginny Walker
949-535-1774
Ginny.Walker@AutoGravity.com

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SOURCE Santander Consumer USA Holdings Inc.