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Bought a car in 2013 and never missed a payment. 4 years later balance is still the same as leaving the dealership, mind you now the car is only worth $500.

Worst mistake i ever made was sign that contract. Will never do business with these people.

They will ruin your life. Have a lawyer involved who is going to help me get out of this shithole.

Review about: Santander Consumer Usa Auto Loan.

Reason of review: Problems with payment.

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Anonymous
#1384562

When YOU don't pay on time, YOU generate extra interest for the lender. They are not going to risk the wrath of the regulators to simply add money to the contract.

When YOU pay late, YOU generate extra interest everyday until that payment is made. That's common place with most loans.

The remedy? Like always, pay your bills on time just like you said you would when you signed the contract.

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