Santander is the worst of the predatory usury lenders. Having worked in auto sales, a Santander loan usually includes a GPS transponder installed with ignition kill switch, spare keys are retained as a loan stipulation, loans often are state limit high interest rates and an origination fee that can be several points of the sale price. Example: a customer with horrible credit is told which car they can buy. Then the car is discounted to wholesale cost and the loan origination fee is then added. Verified contact list is then gathered with the names of next of kin, friends, employers, complete with addresses, phone numbers, etc. Spare keys are sent to the bank with the title and loan packet. So if you buy a $18000 car, it is discounted to $14000. The origination fee is added maybe $5000 for a total financed amount of $22000 after fees, tax, tag, title, dealer fees. Then add 22-26% interest rate. It's the kind of loan a guy with a broken nose and a penchant for combining Louisville sluggers and knee caps would feel bad about making. They prey upon military members, the poor credit cases, and other bad luck types. They are the lender of last resort. We jokingly called them tertiary finance. I don't know the stats but I estimate 85% of their loans end in repossession.