Get an Auto Loan Quote

Santander Nearly Ready for American Auto Finance IPO

Banco Santander is getting ready to initiate an initial public offering (IPO) of its American auto finance arm just months after it had had a very successful Mexican IPO.

Based out of Fort Worth, Texas, Santander Consumer USA provides consumer financing in more than 13,000 dealers across America. Its loan portfolio contains around $18 billion. Industry observers believe that the auto finance company will go for a valuation of around $6 billion when it goes public sometime in the first six months of 2013.

The company took in $4 billion in its Mexican IPO.

About the Author

The author has many years of experience in automotive finance and insurance. However, each consumer's situation is unique. It is best to contact a finance specialist for further assistance.
Email | Twitter | Google+