Westlake Financial Services now finances vehicles with brands
LOS ANGELES–(COMMERCIAL THREAD) – Westlake Financial Services announces that it is now financing vehicles with brands in 47 states. Vehicles labeled as Salvage, Scrap, Rebuild, Water Damage, Storm Damage, Flood, Hail Damage, Lemon, or Crash Test Vehicle are all eligible for the Branded Vehicle Program.
“We have tested branded vehicle financing in a few markets and have had tremendous success,” commented Pamella Teixeira, Head of Commercial Strategy. “The success of our pilot has allowed us to expand the program to all states except New York, Massachusetts and Puerto Rico. Dealers can continue to rely on Westlake to finance any vehicle or customer on their lot.
Brian Renfro, Senior Vice President of Maintenance, said, “The Branded Vehicle Program gives dealers the ability to finance almost any vehicle with Westlake; an option that is not offered by most other finance companies.
Westlake Financial Services provides financing to franchised and independent dealers in all 50 states as well as Puerto Rico. Dealers interested in learning more about Westlake Financial Services are encouraged to contact Westlake directly at 1.888.893.7937 or online at www.westlakefinancial.com.
About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 8.33 billion in assets under management. Westlake Financial Services is the originator of indirect auto retail payment contracts through a nationwide network of new and used auto and powersports dealerships. Westlake also offers the purchase of loan portfolios, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division; www.WestlakeALPS.com. Floor plan lines of credit are provided through their Westlake Flooring Services division; www.WestlakeFlooringServices.com, shared cash flow auto loans through Westlake’s wholly owned subsidiary, Western Funding, Inc., a Nevada-based auto lender, and indirect auto leasing for credit unions through Credit Union Leasing of America (CULA), is a subsidiary of Westlake, dealers direct and direct auto loans to consumers through Westlake Direct and direct loans to consumers through Westlake’s wholly owned subsidiary, Loan Center; www.loancenter.com.