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RoadLoans.com® Joins Forces with Vehix® and Jumpstart Automotive Group to Improve the Online Car Shopping Experience
Oct 07, 2011 (04:10 PM EDT)
Consumers can shop for and finance vehicles from a single leading automotive Web site.
DALLAS, Oct. 7, 2011 /PRNewswire/ -- Vehix has selected RoadLoans.com as its preferred lender for Vehix customers. Visitors to Vehix.com can apply for auto financing through RoadLoans.com as part of their car shopping experience.
RoadLoans.com is a leading online auto lender specializing in financing, refinancing and servicing new and used auto loans for customers seeking a direct lending experience. Founded in 1997, RoadLoans.com is owned by Santander Consumer USA Inc., a leading automotive finance company in the U.S. Consumers shopping at Vehix.com will see the RoadLoans.com finance option when they search for a particular vehicle and indicate they need financing. Once at the RoadLoans.com Web site, shoppers can complete a secure online loan application and receive a loan decision in less than a minute. Consumers may customize their loan, selecting their preferences for Annual Percentage Rate ("APR"), loan term (months) and down payment amount.
"Vehix and Jumpstart are leaders in the online car shopping market," says Will Stacy, vice president of marketing for Santander Consumer USA Inc. "RoadLoans has helped tens of thousands of people receive auto financing before they ever set foot in a dealership. Jumpstart's unique approach to developing industry leading marketing programs coupled with Vehix's tremendous Web presence and network of dealer relationships allows us to help more customers purchase a car that meets their needs."
Vehix is owned by cable leader Comcast and offers state-of-the-art online car research tools that help serious buyers find the car they are looking for. Vehix connects car shoppers with local auto dealers and advertisers, while capitalizing on its digital roots by providing potential buyers with video test drives and auto advice through video on-demand.
"Our goal is to provide the best possible products and services for online car shoppers," says Chris Satovick, vice president, business development for Vehix. "Our long-standing partnership with Jumpstart continues to lead us to high quality marketers such as RoadLoans.com. This helps us satisfy our mission by offering car shoppers a leading and respected online finance source."
"Vehix has built one of the highest performing, consumer-centric car shopping experiences in autos," says Choon Choi, vice president, strategy & business development for Jumpstart. "Our ability to work closely with Vehix and a first rate lender like RoadLoans.com to develop the right, performance based finance program is a win for online car shoppers."
About RoadLoans.com and Santander Consumer USA Inc.
Santander Consumer USA Inc., owner of the Drive®, Santander Auto Finance® and RoadLoans.com brands, is a leading company in the automotive finance sector, whose core business is indirect, direct and third-party originations and servicing of auto loans. The company has a serviced auto loan portfolio of approximately $25 billion and relationships with nearly 13,000 dealer partners in the U.S. The company began originating loans in 1997 and is headquartered in Dallas. (http://www.santanderconsumerusa.com and http://www.roadloans.com)
Santander Consumer USA is a unit of Banco Santander (SAN.MC, STD.N, BNC.LN), a retail and commercial bank, based in Spain, with a presence in 10 main markets. At the end of 2010, Santander was the largest bank in the euro zone and 10th in the world by market capitalization. Founded in 1857, Santander had at year-end EUR 1,362 billion in managed funds, more than 95 million customers, 14,082 branches – more than any other international bank – and 179,000 employees. It is the largest financial group in Spain and Latin America. Furthermore, it has relevant positions in the United Kingdom, Portugal, the U.S. northeast and, through its Santander Consumer Finance arm, in Germany and Poland. Santander registered euro 8,181 million in net attributable profit in 2010.
Vehix, a Comcast company, connects in-market vehicle shoppers with local car dealers and advertisers. As Comcast's interactive automotive entertainment and research solution, Vehix is uniquely positioned to provide car buyers with comprehensive vehicle information at www.vehix.com; deliver video test drives and car-buying advice through the video-on-demand Vehix automotive channel on Comcast's XFINITY TV service; and provide convenient access to automotive advice on mobile devices. Vehix.com offers local new and used car listings, car reviews, informative articles and videos, free consumer classified listings, and best-in-class new car research tools that help serious buyers find the right vehicle for their needs.
About Jumpstart Automotive Group
Jumpstart Automotive Group, a Hearst Media Service Company, is an expert automotive marketing company. It represents the broadest and most diverse audience of in-market car shoppers and influencers across 15 automotive websites that include Vehix, Consumer Guide Automotive, JD Power Autos, Shopping.com Autos, Car and Driver, Road & Track, Cycle World, CarSoup, U.S.News Autos, HybridCars, CarGurus, TrueCar, PlugInCars, Overstock Cars and Leftlane. Fueled by a passion for performance, Jumpstart Automotive Group is committed to the development of quality content and services for consumers and to maximizing publisher revenue and advertiser results through innovative products and services. Additionally, Jumpstart has been on the forefront of behavioral targeting and is now developing leading research and strategic insights products. For more information, visit JumpstartAutomotiveGroup.com.