1998 Implemented “Preferred” and “Platinum” programs and a profit-sharing ProfitBuilder™ program was added
1997 Launched the internet-based “under-writing” system using to track the flow of contracts from start to finish in a real-time basis via DealerCenter website
1995 Experienced 35% portfolio growth with the implementation of the DOS-based Buy Program™ that generated approvals 24/7/365 with terms that the dealer controlled
1994 Introduced the first “non-recourse” Buy Program™ to Southern California dealers, phasing out origination of “service only” portfolios
1991 Developed a more refined version of The Buy Program™ and began offering servicing and collections of accounts to selected franchise dealers throughout Los Angeles on a “full recourse” basis
1986 Implemented the first Buy Program™ allowing sales managers to approve the deals without having to wait for Westlake to get back to them
1978 Westlake Financial Services was founded as the Buy-Here-Pay-Here division of the Hankey Automotive Group. Initially a captive entity of three downtown Los Angeles franchise dealerships, Westlake has since grown into one of the largest and most experienced servicer of sub-prime automotive contracts in the United States.