LOS ANGELES--(BUSINESS WIRE)--Westlake Financial Services, commonly recognized as the number one lender with independent dealers, is reporting strong growth with their franchise program. Westlake’s growth has seen an 84% increase in franchise deals and an 80% increase in franchise dealership partners from Q4 2012 to Q4 2013.
“Since the unveiling of our new franchise product, we have seen an upsurge in the number of franchise dealer partners utilizing our programs,” stated Mark Vazquez, Senior VP of Sales at Westlake. “We have upgraded the program and now offer longer terms, lower fees, and more backend advances while maintaining key performance indicators inline. These modifications will benefit both our dealership partners and the customers they serve.”
In June 2013, Westlake Financial launched a new program designed to better service franchise dealerships. To benefit the franchise dealers, Westlake now offers easier access to the program, the fastest decisioning, lower discounts and more competitive approvals. Franchise dealers can easily access additional approvals in less than three minutes.
“At Westlake we strive to be innovative and look to the dealerships feedback to improve their experiences,” stated Kyle Dietrich, Westlake VP of Sales and Marketing. “To better service our customers, we revamped our marketing and delivered a product that has been well received by franchise dealerships. With these improvements, we have seen impressive results.”
Westlake Financial Services gives dealers full control of their deals with automated, instant approvals and the ability to instantaneously rework their deals for a better approval.
Westlake Financial Services automated decisioning system provides dealers with an approval in as little as 30 seconds. Dealers can also fully control of their approvals by instantaneously reworking their deals for more profit on every deal. For more information about Westlake Financial Services, please visit www.WestlakeFinancial.com.
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About Westlake Financial Services: Westlake is an internet based, privately held finance company that specializes in the acquisition and servicing of prime to sub-prime automotive retail installment contracts. Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 18,000 new and used car dealers throughout the United States. Westlake also offers portfolio purchasing through their ALPS division (Advanced Lending & Portfolio Services); www.westlakealps.com. Direct to consumer title loans and unsecured loans are done through Westlake’s wholly owned subsidiary, Wilshire Consumer Credit. Flooring lines of credit are done through their Westlake Flooring Services division; www.westlakeflooringservices.com. All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.
