By SubPrime Auto Finance News Staff SANTA MONICA, Calif. - Westlake Financial certainly appears to see immense value in the potential of subscriptions of used vehicles, saying that … Fueled by 14.7% growth year-over-year, Westlake Technology Holdings reported this week that the finance company with a diversified portfolio beyond just subprime paper ended 2020 with … Four subprime auto lenders, Santander Consumer, Westlake, Credit Acceptance Corp. and Flagship are in the market with a total of more than $1.5 billion in asset-backeds this week. Get low dealer fees and cater to a wider range of customers of good credit buying used or tough-to-finance vehicles. Westlake has issued a private securitization in the past – purchased by FSA – and currently sells loans … Earlier this month, the lender acquired Credit Union Leasing of America (CULA), which originates lease contracts through its technology, but leaves the servicing and money factor for the credit union. Westlake Financial is by far the largest part of the seven-company, $1.3 billion (revenues) Hankey Group, which runs mostly auto-related businesses. View reputable subprime auto lenders, specific to your location and dealership type. Provide aggressive financing options to customers with established credit history, regardless of vehicle mileage or age. With eContracting, dealers can also ensure they have captured the proper signatures, forms, and deal documents. I-MAXX AUTO-STRUCTURE Approval offer. The Platinum Program allows Westlake Financial to be competitive with other banks for prime and near-prime credit customers. about your Pre-Approval offer. Previously Westlake’s lowest rate offered was 2.99%. Needless to say, the Titanium program allows Westlake to be a truly competitive full-spectrum lender. Instantly calculate the best deal structure with the highest net check using the customer’s desired monthly payment & down payment. In seconds you can lower your deal discount by adjusting term, down payment, and sales price. Early life. Copyright. Westlake Financial strives to provide independent and franchise dealers with the level of support, technology and financing flexibility to succeed. CarGurus announced a new … Know your FICO ® Score!. Westlake offers Titanium, Platinum, Gold and Standard programs for customers of any credit score! Headquartered in Southern California, Westlake finances … NEW YORK and LOS ANGELES - The Gold Program offers loan terms up to 72 months, APRs as low as 9.99%, and low dealer fees. Simply select your state and specify whether you operate a franchise or independent dealership, and get access to our … 888.893.7937. By SubPrime Auto Finance News Staff LOS ANGELES - According to a news release distributed last week, Westlake said it now finances vehicles with brands in 47 states. Dealers can approve first-time and sub-prime buyers with Westlake Financial. There is no vehicle mileage restriction, APRs as low as 5.99% and loan terms up to 72 months with minimal STIP requirements. Formed in August of 1988, Westlake is the financial services arm of the Hankey Group of Companies, Los Angeles-based with ownership interest in a number of automotive-industry related companies. questions you have about your Pre- Since Westlake Financial is an indirect lender, you can prequalify online to get in contact with dealers, but you’ll eventually need to visit a partner dealership to finish the deal. Westlake Financial now lets you access your FICO ® Credit Score for FREE!. Using desired down payment and monthly payment, Westlake’s I-Maxx tool can quickly find all the vehicles in your inventory on which a customer is approved.. Credit decisions are now in your hands. All rights reserved to Westlake Services, LLC. Maximize your net checks and showcase an ideal structure for your customers’ needs with Auto-Structure. Check out the images to see how this program works. SAT 10 AM – 7 PM PST. Westlake Financial is an indirect auto finance company that works with franchise and independent dealers nationwide. Westlake, a privately owned and unrated issuer, has been originating subprime auto loans since 1988, Kerwin said. How to apply for financing at Westlake Financial. Westlake offers a full spectrum of competitive financing options that allow you, the dealer, to accommodate a multitude of customers. Hankey took over his father's Ford dealership in 1972, and built the Hankey Group, with its main business being Westlake Financial … The Westlake … This tool allows dealers to input the customers desired monthly payment and down payment to adjust the deal structure. Previously Westlake’s lowest rate offered was 2.99%. All are tapping the … Take control of your retail finance deals! Over $3.0 Billion in Total Managed Assets. questions you have about your Pre- You can also receive funds faster by eContracting any deal from any system. Don’t let customers walk off the lot without an approval. Need Help? All rights reserved to Westlake Services, LLC. Speed up your funding time and shift away from the error-prone approach of manual entry. Offer rates as low as 2.99% with up to 2% dealer participation with Westlake’s Titanium program. Technology-driven and privately held, Westlake … Dealers interested in signing up with Westlake Financial are invited to contact Westlake directly at 1.888.893.7937 or online at www.westlakefinancial.com. With the largest dealer network in the US, Westlake is in the business of helping both independent and franchise dealers increase their bottom line. PASSION: We have a passion to be the best at what we do and we thrive on innovation and the challenges of change. From prime and subprime lending, floor plan financing, portfolio acquisition, and access to dealership management tools, Westlake is your full-spectrum finance solution to help you, the dealer, Drive Your Business! Not to mention dealer fees and down payments which can be as low as $0 and terms that go as high as 72 months. Our team is ready to answer any questions you have Westlake allows you to rehash your deal to making negotiating easy. Using a preferred down payment amount and monthly payment amount, Westlake’s I-Maxx tool can quickly find all the vehicles in your existing inventory in which a customer can be approved. SAT 10 AM – 7 PM PST. Our team is ready to answer any We respect each other’s unique contributions to the team, we promote integrity in all our actions, and we encourage our associates to seize every opportunity for personal excellence and success. In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during calls with customers. Founded in 1978 and headquartered in Southern California, Westlake Financial Services offers a full suite of car loan options and specializes in prime to subprime auto retail installment contracts. I-Maxx helps dealers provide a menu of vehicles and loan structures for their customers to minimize the loss of sales due to inadequate finance options. View reputable subprime auto lenders in Indiana, based specifically on your dealership type. ... Westlake Financial… Westlake allows you to browse vehicles you are approved on and personalize your financing terms and payment options without impacting your credit score. Similarly to customers that are in the Standard Program, customers with hard-to-prove incomes, open or discharged bankruptcies, and prior non-Westlake repossessions all qualify for the Gold Program. With the Standard Program, dealers can enjoy lender fees as low as $349. “Lowering our rates to 1.99% solidifies our presence in the prime credit space,” stated David Goff, Vice President of Marketing with Westlake Financial. Don’t turn away those hard-to-approve customers! Westlake Financial senior vice president of collections Brian Renfro knew his team was facing an incredible challenge. PURPOSE: Our purpose is to provide world-class service to our customers, dealers, and partners, while promoting dynamic growth founded on solid financial stability.
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