Banco Santander – Asset Management and Sale of Recovered Vehicles
Banco Santander S.A., operating under the brand name Santander Group, is a multinational financial services company headquartered in Madrid and Santander, Spain. It holds a prominent position in global financial markets as the 19th-largest banking institution worldwide, with a significant presence in most major financial centres.
Through its retail banking division, Banco Santander provides a variety of financial products, including auto loans and financing options. When clients default on their auto loans or leases, the bank recovers the vehicles and offers them for sale through online auction platforms and its trusted network of dealers. All recovered vehicles undergo comprehensive inspections to ensure their condition and are offered for sale at competitive prices. Whether available through public online auctions or through dealer partnerships, each vehicle sold by Banco Santander comes with full transparency, enabling buyers to make well-informed decisions.
BBVA – Vehicle Portfolio Sales
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a leading Spanish multinational financial services company headquartered in Madrid and Bilbao, Spain. As one of the largest financial institutions globally, BBVA operates primarily in Spain, Portugal, Mexico, South America, Turkey, Italy, and Romania.
As part of its asset management division, BBVA handles the sale of vehicles recovered from defaulted loan and lease agreements. When a loan or lease agreement defaults, BBVA takes ownership of the vehicle and offers it for sale through trusted online auction platforms and an authorized network of dealers.
Each recovered vehicle undergoes a rigorous inspection to ensure it meets high-quality standards. Buyers can purchase pre-owned vehicles with complete documentation and full transparency, knowing they are making a well-informed decision. Our secure and transparent sales process ensures that all vehicles are offered at competitive prices, giving customers the confidence to buy with peace of mind.
ING – Recovered Vehicle Sales
ING is the retail banking brand of ING Bank NV, Branch in Spain, part of the Dutch financial group ING Group. Specializing in direct banking and electronic banking, ING serves 35.8 million customers across three continents. ING Group is a leading Dutch multinational financial services corporation based in Amsterdam, offering services in retail banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance.
With extensive experience in auto finance, ING provides vehicle purchase financing solutions. When customers default on their auto loans or leases, ING recovers the vehicles and makes them available for sale through trusted online platforms and authorized dealer networks.
Every vehicle sold by ING undergoes a comprehensive inspection to ensure it adheres to high standards of quality and reliability. We are committed to offering a transparent and secure purchasing experience, providing a selection of competitively priced vehicles ready for immediate sale.
ALD Automotive – Fleet and Recovered Vehicle Sales
ALD Automotive Spain is part of the ALD Automotive Group, a global leader in full operational leasing and fleet management. ALD Automotive provides the same exceptional level of service both locally and internationally, ensuring a consistent, high-quality experience for all customers. As a global leader in delivering cost-effective, innovative, and sustainable mobility solutions, ALD Automotive supports the success of its clients across the world. With a presence in 43 countries across four continents, ALD Automotive manages around 3.42 million vehicles, making it the largest player in the vehicle leasing market.
Leveraging years of expertise in managing both corporate and individual fleets, ALD Automotive also specializes in the sale of vehicles returned through leasing agreements or recovered from non-performing contracts. These vehicles are thoroughly inspected and made available for purchase through trusted online auction platforms and dealer networks.
Each vehicle comes with a detailed inspection report and is offered at competitive prices. Our online auction platforms provide buyers with a wide range of choices, flexible financing solutions, and a commitment to ensuring that every vehicle sold adheres to our high standards of quality and customer service.
