Westlake Financial Partners with AUL
FOR IMMEDIATE RELEASE (March 6, 2018):
Los Angeles, CA –Westlake Financial Services announces a new partnership with AUL Corp. (AUL), the nation’s premier warranty and vehicle service contract administrator. Bringing nearly 30 years of experience, AUL will now provide back-end servicing in 19 states for Secure One®, Westlake’s vehicle protection program.
“Our customers look for reliable vehicle protection options that allow them to drive every mile with confidence,” stated Ralph Ontiveros, Vice President of Westlake Services & Lending Solutions. “Not only does AUL have a national network of repair facilities and industry-leading customer support, it also is backed by an ‘A’ rated underwriter, providing great benefits to our customers and peace of mind on the road.”
Bryan Nieves, AUL’s Vice President of National Accounts, agrees, “We just celebrated the issuance of our 2 millionth policy, and we welcome new partners who share our customer-first philosophy. Westlake Financial’s sterling reputation and commitment to its customers’ well-being make them a natural fit for our back-end services. We look forward to honoring their reputation with best-in-class support.”
Secure One® offers two vehicle protection coverages; Powertrain and Advantage. Powertrain will cover the vehicle’s engine group, turbocharger/supercharger, transmission, transaxle, transfer case and drive axle group. With Advantage Coverage, the customer will receive all Powertrain Coverage, plus; power steering, electrical and air conditioning. Both coverage options are available on either a 12-month/12,000-mile or a 24-month/24,000-mile financed term. Additional product benefits include; $100 deductible, 24-hour roadside assistance, rental car and trip interruption.
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.
About AUL Corp: AUL Corp. founded the national used car service contract industry in 1990 with its still-famous Any Year, Any Mileage® vehicle service contract. AUL continues leading its industry and is the only provider of its type authorized to conduct business in all 50 states. AUL enjoys a long relationship with its underwriters, who hold an A.M. Best rating of “A” Excellent. AUL Corp. also enjoys the longest-term relationships in the industry with its agent and dealer clients, as verified by independent third-party research. AUL’s mission is to be the premier service contract administrator in America by any quantifiable measurement of business activity. To find out more, please visit www.aulcorp.com.