Westlake Launches New Prime Program with 2.99% APRs


Los Angeles, CA – 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 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 nationwide network of 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. All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.