Core Insights - Amazon Autos has expanded its financing options by adding Chase, Santander, and Wells Fargo as lenders, enhancing the financial services available to customers [1][2][3] - This initiative allows dealers to offer familiar financial services to Amazon customers, improving the overall shopping experience by providing more insights and options for comparing rates [2][3] - The financing options are currently available for used and certified pre-owned vehicles, with plans to extend these options to new vehicle sales in the near future [3][4] Expansion Plans - Amazon Autos aims to broaden its financing options to include new vehicle sales and to add more lending institutions in the coming months [4] - The Amazon Autos car-buying experience was launched in December 2024, initially allowing customers in 48 U.S. cities to purchase new Hyundai vehicles from local dealers [4][5] - The service has also begun offering used vehicles, starting with Hyundai dealers in Los Angeles, and plans to expand to additional brands and cities [5] Partnerships - Amazon has partnered with Hertz Car Sales to enable customers to search for, finance, and purchase pre-owned vehicles, marking Hertz as Amazon Auto's first fleet dealer [6] - This collaboration began in four cities, with intentions to expand to Hertz's 45 locations nationwide [6]
Amazon Autos Adds Financing Options From Chase, Santander and Wells Fargo