Westlake Financial
Westlake Financial describes itself as a technology-based, privately held finance company that services prime to subprime automotive retail installment contracts. Its dealer page presents indirect auto finance plus other services.
Westlake Financial: Full spectrum indirect auto finance
Its additional services page lists SecureOne, GAP waivers, remarketing, a dealer lead program, Carzing, GlobalNow Tech and third-party servicing.
| Product or service | Function |
|---|---|
| Full spectrum indirect auto finance | Financing purchased from dealers across credit tiers. |
| Flooring | Floor-plan financing for dealers. |
| GAP waivers and SecureOne | Protection products. |
| Westlake Remarketing | Vehicle remarketing. |
| Dealer Lead Program | Consumer leads sent to dealers. |
| Consumer pre-qualification | Buyers can pre-qualify and search dealer inventory. |
Westlake Financial: product details
Westlake's history page gives dates for the finance company's growth: it integrated with Dealertrack and expanded its RouteOne relationship in 2013, began financing powersports through a Kawasaki partnership in 2014, bought Credit Union Leasing of America in 2017, set up the servicing company Westlake Portfolio Management in 2018, and in 2019 recorded 40,000 deals in a single month and entered Canada through a partnership with Axis Auto Finance. Its other-finance page lists floor plan financing, credit lines, commercial real estate loans and portfolio purchasing, plus a lead program, remarketing and GAP.
Dealers should compare buy rates, not history.