Westlake Financial Announces New Commercial Vehicle Financing Program

FOR IMMEDIATE RELEASE (May 2020): Los Angeles, CA

Westlake Financial (Westlake) rolls out new Commercial Vehicle Financing Program. This new program will be available in 8 markets and will expand nationwide throughout the year.

Westlake’s Commercial Vehicle Program allows dealerships to offer financing of up to $65,000 for vehicles ranging from Cargo Vans to Big Rigs. Terms can vary from 36 to 72 months, depending on the vehicle mileage, with minimal stipulation requirements. This new program is available in the following states: Georgia, Kansas, Maryland, Maine, Mississippi, New Jersey, Ohio and Virginia.

“We are always looking for new avenues to help dealers finance more customers,” stated Pamella Teixeira, Manager of Business Strategy and Analytics at Westlake Financial. “Our commercial vehicle program fulfills the request we had received from many auto dealers across the country.”

Active Westlake Financial dealers are able to submit commercial vehicle applications from DealerCenter, DealerTrack, RouteOne, or CUDL for approval. Dealers looking for more information on our Commercial Vehicle Program can visit www.westlakefinancial.com/commercial-vehicles.

About Westlake Technology Holdings: Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $10.58 billion in assets under management. Westlake Financial 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 Westlake Portfolio Management; www.wpmservicing.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.