Westlake Flooring Services Passes 100,000 Floored Vehicle Milestone

FOR IMMEDIATE RELEASE (August 17, 2016):

Los Angeles, CA – Westlake Flooring Services announces the achievement of 100,000 vehicles floored.

The 100,000 floored vehicle milestone comes less than 4 years after Westlake Flooring Services was founded. Since November 2012, Westlake Flooring has grown to a division of over 100 employees with approximately 1,000 active dealerships.

“We are very excited to cross 100,000 vehicles floored,” said Pat Amato, Vice President of Westlake Flooring Services. “This is a testament to the hard work and dedication we have poured into this division. We look forward to growing the count of vehicles floored significantly over the next couple of years.”

Dealerships that floor their inventory with Westlake Flooring Services can save up to $508* per deal when they combine incentives provided by the Westlake group of companies. These savings include waived term fees, rate reductions on their wholesale line, reduced lender fees and auction-related coupons. “Westlake continues to invent new ways to help dealerships drive their business,” advised Ian Anderson, Group President of Westlake Financial Holdings. “We want to equip dealers with the tools to help them lower their costs and increase their profitability. We call this ‘Bundle and Benefit’; where a dealer can see an annual savings of up to $112,000* when they take advantage of the full-spectrum of Westlake’s financial solutions.”

Westlake Flooring Services provides flexible terms, competitive rates and 100% financing to dealers. Dealerships interested in learning more about Westlake Flooring Services are invited to contact Westlake Flooring directly at 855-4-WFS-FLR (855-493-7357) or visit www.westlakeflooringservices.com.

*Potential $508 in total savings consists of: $250 remarketing coupon + $100 flooring vehicle dealer discount (applicable on units floored through Westlake Flooring Services which are financed through Westlake Financial Services) + $75 first term fee waived discount + $83 Avg. flooring APR savings. Estimated $112,000 in savings based on 20 vehicles bundled per month. Loans made or arranged pursuant to a California Finance Lenders Law license.

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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 20,000 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. Flooring lines of credit are offered through their Westlake Flooring Services division; www.WestlakeFlooringServices.com.  Direct consumer title loans are offered through Westlake’s wholly owned subsidiary, Wilshire Consumer Credit. All collections and servicing functions are performed in-house at its headquarters located in the Mid-Wilshire area of Los Angeles.