Amazon Autos has announced the addition of three major lenders—Chase, Santander, and Wells Fargo—to its automotive storefront. This move allows dealers to offer a wider range of financing options to customers purchasing vehicles through Amazon Autos.
Customers browsing for used or certified pre-owned vehicles on Amazon Autos can now choose from multiple financing options, lease, or pay in full. Those opting for financing will submit a credit application and receive several loan offers within minutes. These offers are displayed side-by-side, enabling customers to compare rates and terms easily.
Britt Gannon, Vice President of Advertising and Automotive at Amazon, said, "At Amazon, we're always looking for ways to give customers more information and options when making important purchases. By welcoming Chase, Santander, and Wells Fargo to Amazon Autos, we're helping customers evaluate and select the financing that works best for them, while optimizing the process for dealerships who already know and trust these lenders."
The digital process on Amazon Autos allows approved customers to review key details such as APR, loan term length, monthly payments, and total interest costs. After selecting a preferred option, customers can complete paperwork online and arrange for vehicle pickup at participating local dealers.
For dealers, partnering with these well-known lenders enables them to offer familiar financial services to Amazon shoppers and potentially reach more buyers.
Anuj Jain, Chief Product Officer and Head of Consumer at Chase Auto, commented, "Amazon has been a valued partner of JPMorganChase for many years, and we are thrilled to support the Amazon Autos storefront. This innovative initiative underscores our shared commitment to delivering exceptional experiences for both consumers and dealers. We look forward to empowering our customers through the transformative solutions Amazon brings to the automotive market."
Bruce Jackson, Head of the Santander US Auto Business and CEO of Santander Consumer USA, stated, “Used cars play an essential role in giving consumers access to reliable transportation that fits a wide range of budgets. At Santander Consumer USA, we recognize how important it is to provide flexible financing options that meet customers where they are. Partnering with Amazon Autos reflects our ongoing commitment to making car buying and financing easier, smarter, and more accessible — empowering customers with choices that simplify the journey to owning their next vehicle."
Kevin Reen, head of Auto at Wells Fargo, said, "Our role at Wells Fargo Auto is to help finance vehicles, meeting both dealers and customers where they are, whether that’s in person or online. We’re excited to partner with Amazon Autos and participating dealers to create a more seamless, flexible, and transparent experience for customers.”