DALLAS, Jan. 23, 2014 /PRNewswire/ -- Santander Consumer USA Inc. ("SCUSA") today 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.
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.
About Santander Consumer USA Inc.
Santander Consumer USA Inc. (NYSE: SC) is a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. The company has a serviced finance portfolio of approximately $21 billion, relationships with nearly 14,000 automotive dealers in the U.S., and retail installment contracts with more than 2 million customers. The company began originating financing in 1997 and is headquartered in Dallas. (www.santanderconsumerusa.com)
About Maserati North America
Maserati produces a full line of two and four door models legendary for their spacious handcrafted luxury, thoroughbred performance and everyday usability. The Maserati range includes the all-new full-size Quattroporte and the mid-size Ghibli sport sedan, which earned a Top Safety Pick from the Insurance Institute of Highway Safety (IIHS)*. The flagship Quattroporte GTS leads the charge with a 523 HP twin turbo V8 while both the Ghibli and Quattroporte are available with All-Wheel-Drive, a competition bred twin-turbo 404 HP V6 and an adaptive 8 speed automatic transmission. The two-door GranTurismo line continues with several variants of coupes and convertibles that combine elegance and comfort for four adults, with a six speed automatic transmission to keep the legendary Maserati performance and exhaust note close at hand. Maserati automobiles and merchandise can be found at authorized retailers across North America. Information on Maserati can be found at www.maserati.us or 1-800- My-Maserati. *Built after Nov 2013
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SOURCE Santander Consumer USA Inc.