Banorte vs Santander: auto loan
| Banorte | Santander | |
|---|---|---|
| APR (CAT) | 14.8% | 15.8% |
| Amount | $100k–$1.8M | $80k–$1.5M |
| Term | 12–60 meses | 12–60 meses |
| Minimum income | $15,000 | $12,000 |
| What sets it apart | Strong agreements with Nissan and Mazda dealerships | Brand promotions with reduced rate in select windows |
When to pick Banorte
Banorte wins on standard purchase outside campaign windows. Lower APR and solid agreements with Nissan and Mazda. For purchase of new or certified used car at a dealership with previous Banorte relationship, the natural option.
When to pick Santander
Santander wins when the brand promotion is active — KIA, Volkswagen and Mazda launch reduced-rate offers in Santander alliance in 4-8 week windows several times a year.
My recommendation
Brand without active promo or immediate purchase: Banorte. Brand in Santander campaign: Santander with the promo.
How we compare these two
The figures in the table — CAT, amount, term — come from each institution’s public rate sheet, not from us, and the commercial relationship never changes them. The «cheaper» verdict weighs the total cost for a standard profile; your own CAT depends on your Buró and income, so treat the numbers as a starting point and confirm the final terms on the lender’s site before signing. The order of offers across the site follows our published methodology.
Read the full editorial review of Banorte or Santander before deciding.