Car Finance

Finance provided for buying new or used cars and motorbikes. A maximum duration is defined and the interest rate is usually fixed. Monthly instalments can be fixed or growing; deferred or irregular payments can be foreseen.

In balloon formulas, monthly instalments are lower than in standard finance and a large balloon payment must be paid at the end of the auto loan's term. This final payment must be paid in cash or refinance as a new loan. Some balloon loans are structured much like a lease, in that the customer is allowed to return his vehicle at loan-end in lieu of making the final payment.

  • Financial leasing is a method of financing which only pays for a portion of a vehicle's value. The automobile is leased for a specific period of time, at the end of which the hirer can decide whether or not to become the owner of that car for an option price
  • Long term renting has a maximum duration of three or four years and monthly instalments include taxes, insurances and a wide range of services related to the maintenance of the car

(Product not available in all geographies. To know the offer in your country, please visit your country's SCF website)

Legal Notice | Cookies Policy
©Santander Consumer Finance, S.A. All rights reserved.