Terms of Submitting Application
The terms “you” and “your” refer to each consumer applying for a RoadLoans auto loan made by Santander Consumer USA Inc. (“we,” “us,” and “our”).
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
You understand that a RoadLoans loan is available only through participating dealers. If you are preapproved, you must contact a dealer to complete the loan transaction. We will share your application with the dealer selected. Our approval, however, may be used at any participating dealer (please see our website for more participating dealers). Our preapproval may be affected by the vehicle you select (e.g., vehicle age and mileage), any trade-in vehicle, the amount of your cash down payment and your creditworthiness.
You understand that this is an application for a preapproval of a loan and that it may not provide sufficient information to make a final credit decision. Any preapproval is subject to final credit approval, factors that are not available at the time of the online credit application and verification of identity and all information provided.
By clicking the “Apply Now” button below, you certify the truth and completeness of the information provided and that you are at least 18 years of age. You agree that we (and the dealer) may obtain credit reports about you to process your application and for legitimate purposes related to any RoadLoans auto loan you might receive (such as reviewing, collecting, and servicing the loan). Upon your request, we will inform you whether we requested credit report and provide the name and address of the consumer reporting agency that furnished the report. You also agree that we may verify your employment, income, and any other relevant information related to your application, and that we will retain the application whether or not credit is extended. You understand that a preapproval of a RoadLoans auto loan may only be available for preapproved applicants who purchase automobiles from the inventory of participating dealers.
Our Privacy Notice, SMS/texting Disclosure, Telephone Consumer Protection Act Disclosure and [Fair Lending Disclosure] are linked at the bottom of this page. You should read these materials because they provide you with important information.
