Franchised dealers for Chrysler, Dodge, Jeep, RAM and Fiat will continue to have a familiar option when helping their customers in the finance office.

Last week, Santander Consumer USA Holdings, which does business as Chrysler Capital with these dealers, announced it has reached an agreement with Stellantis to amend and extend the master private label financing agreement through 2025.

Under the agreement, which is nearing the end of its original 10-year term, SCUSA has been the automaker’s preferred provider for consumer financing, vehicle leases and dealer loans.

This amendment extends the contract term through December 2025 and updates certain terms to allow SCUSA to serve in a complementary role to Stellantis’ recently launched captive finance company, Stellantis Financial Services US, which came via the acquisition of First Investors Financial Services Group.

“Santander Consumer has served as the primary finance provider for Stellantis since 2013,” Santander Consumer USA Holdings chief executive officer Mahesh Aditya said in a news release.

“While Stellantis announced in 2021 the formation of its own captive finance arm, SC and Stellantis have continued to enjoy a mutually beneficial working relationship,” Aditya continued. “We are pleased to formally extend our partnership and look forward to continuing to help Stellantis succeed.”

In the same news release, Stellantis chief affiliates officer Philippe de Rovira added, “Santander Consumer has been a strong partner for Stellantis for many years. We are proud to have SC continue as a preferred partner, as we grow Stellantis Financial Services US into a full-service captive lender, offering a wide range of financing options to meet the needs of our customers.”