LOS ANGELES--(BUSINESS WIRE)--Westlake Financial Services announces the launch of its new Titanium program for customers with a 750 FICO or better. The program provides rates as low as 2.99%, amounts financed up to $50,000, terms up to 72 months, and no lender fees.
“Westlake’s new Titanium program allows dealers to offer more competitive prime financing options to their consumers,” stated Mark Vazquez, Senior Vice President of Sales. “Our prime and near-prime paper is the fastest growing segment of our portfolio. Every day more and more dealers are taking advantage of the fact that we are a full spectrum lender.”
Westlake’s fastest growing area is consumers with 700+ FICO scores. Today, Forty Five percent of Westlake’s portfolio has a FICO score above 600. “Westlake continues to expand our presence in all credit tiers,” added Ian Anderson, Group President of Westlake Financial Holdings. “Our goal is to be the one-stop shop for every dealership that has a customer who needs an auto loan. Our market is every dealer, every consumer, nationwide.”
As the largest privately-held automotive lender, Westlake Financial Services is active in all 50 states plus Puerto Rico, with a dealer base of over 30,000 franchise and independent dealerships. Dealerships interested in learning more about Westlake Financial Services are invited to contact Westlake directly at 1.888.893-7937 or online at www.westlakefinancial.com.
About Westlake Financial Holdings: Westlake Financial Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $6.5 billion in assets under management. Westlake Financial Services originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and powersports dealers. Westlake also offers loan portfolio purchasing, credit facilities and portfolio servicing through their ALPS division (Advanced Lending & Portfolio Services); www.WestlakeALPS.com. Floor plan lines of credit are provided through their Westlake Flooring Services division; www.WestlakeFlooringServices.com, shared cash flow auto lending through Westlake’s wholly owned subsidiary, Western Funding Inc, a Nevada Based auto lender, and indirect automotive leasing for credit unions through Credit Union Leasing of America (CULA), is a subsidiary of Westlake, dealers leads and direct-to-consumer auto loans through Westlake Direct, and direct to consumer title loans are through Westlake’s wholly owned subsidiary Loan Center; www.loancenter.com. 318WFSPR1