Amazon Signs Chase, Santander, Wells Fargo to Financing Roster

Amazon has added Chase, Santander and Wells Fargo to the Amazon Autos storefront in a move intended to broaden financing options for online car shoppers, including side-by-side comparisons of rates for which each user has prequalified.
Executives say the moves will help U.S. Hyundai dealers sell more F&I products while reaching more customers.
“At Amazon, we’re always looking for ways to give customers more information and options when making important purchases,” writes Britt Gannon, an Amazon vice president, in a release. “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.”
At launch, the new financing options are available only to buyers of pre-owned vehicles, including CPO units. Amazon Autos entered the new vehicle sales market with December’s addition of new units stocked by Hyundai dealers in 48 U.S. cities, then added Hyundai leasing in April.




