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Santander Consumer USA Signs LOI with Maserati North America

February 2, 2014

Santander Consumer USA Inc. ("SCUSA") announced it has executed a Letter of Intent with Maserati North America to provide a full spectrum of auto financing services to Maserati customers and dealers in the U.S. According to a release, the non-binding Letter of Intent includes provisions for SCUSA to offer a broad range of applicable products and services, including dealer floorplan financing, and consumer retail and lease financing for Maserati vehicles. Finance options for dealers will complement subvention (special rate) and lease programs offered by Maserati , and standard rates underwritten by SCUSA. Both parties may choose to execute a definitive contract at a later date. Santander Consumer USA Inc. is a technology-driven consumer finance company focusing on vehicle finance and unsecured consumer lending products. More information: ((Comments on this story may be sent to ))

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