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Uber ends partnership with Santander Consumer

Jul. 23, 2015 3:26 PM ETSantander Consumer USA Holdings Inc. (SC) StockSC, UBERBy: Stephen Alpher, SA News Editor
  • Uber had hoped to finance 100K drivers when in Nov. 2013 it launched a program to link prospective drivers without a car with automakers and lenders, one of whom was Santander Consumer (SC -1.1%).
  • "We are no longer working with Santander Consumer USA but continue to facilitate a variety of other vehicle financing options and auto manufacturer discounts for driver-partners," says an UBER spokesman.
  • It's unknown how many drivers received financing from the Santander program, or if other lenders have cut deals with Uber.

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