SCUSA extends private-label agreement with Stellantis amid captive launch

The agreement with Chrysler Capital ends in 2025

The Fiat Chrysler Automobiles (FCA) logo sits on the outside wall of one of the company's car dealerships in Rome, Italy, on Thursday, Oct. 31, 2019. Photographer: Alessia Pierdomenico/Bloomberg

Santander Consumer USA (SCUSA) has extended its private-label financing agreement with Stellantis through December 2025 following the latter’s recent launch of its own captive finance arm. In November 2021, Stellantis NV, formerly Fiat Chrysler Automobiles, closed its acquisition of Texas-based subprime lender First Investors Financial Services, a $285 million deal that gave the OEM its […]

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