I got a car financed through Santander. The car was only worth $18,000 but they put me in the hole $21,000.
It looks like I would never get the balance down. Well, the car was totaled less than a year later. I was rear ended and was not at fault. The GAP coverage is a straight lie.
They still left me with a balance on my account and will not remove it from my credit report.
Then, because they want me to pay $250 per month til it's paid off, and I refuse to pay, the balance keeps going up.
If I ever need transportation again, I'll buy a Huffy before I go to them for financing.
Product or Service Mentioned: Santander Consumer Usa Auto Loan.
Reason of review: Not as described.
I didn't like: Misleading gap protection.