Turo Host Financing - Westlake Financial

Grow your portfolio of vehicles with a TRAC lease from Westlake Financial.

Turo hosts with a registered business on Turo (e.g., LLC, S-Corp, etc.) can apply for a TRAC lease of up to $1,000,000 at competitive rates. To be eligible you need to have operated as a business on Turo for at least 12 months and have at least four active vehicles listed on Turo.**

TRAC Lease Terms

Get up to $1,000,000 total TRAC lease (max $100k per car)
Add up to 10 vehicles in first 6 months (increases over time)
Terms: Used Cars = up to 48 months, New Cars: up to 60 months

Turo Host Requirements*

Achieved “Power Host” or “All-Star Host” status with TURO
Minimum 640 FICO Score
Minimum of 1 year as a registered business (LLC, S-Corp, etc.) on Turo
Minimum 4 active vehicles listed on Turo for the last 12 months
- Vehicles must be owned by Turo host
Minimum Fleet Growth: 5 vehicles over a 6-month period

Required Information & Documents

As part of your TRAC lease application, we’ll need the following information as well as your personal guarantee:

Earnings: 1 year
Turo Utilization: Minimum 1 year
Tax Returns: Most recent
P & L Statements: Most recent

Program Requirements:

Max Vehicle Price: $100,000
Min Vehicle Price: $30,000
Max Vehicle Age: 4 Years
Max Vehicle Mileage: 50,000
30-48 month terms
Vehicle must be purchased from an Auto Dealer

What are you waiting for?

Scale your business with a TRAC lease today!

Turo Program Interest Form

Introduction

Westlake is offering TRAC Leases To Turo hosts like you to help you grow your business and increase your portfolio of vehicles!

To get started, please fill out the form below as well as the attached credit and business applications. A Westlake employee will get back to you within 72 business hours.

Thank you.

Contact Information (Must be Business owner)

Business Information

You understand that by checking the box immediately following this notice you are providing 'written instructions' to Westlake Fleet under the Fair Credit Reporting Act authorizing Westlake Fleet to obtain information from your personal credit profile or other information from Experian. You authorize Westlake Fleet to obtain such information solely to prequalify you for credit.

Questions before you apply?
Email us at [email protected] or give us a call at 1-888-744-6144

Copyright 2024. All rights reserved to Westlake Services, LLC. *As a requirement of this program, hosts must add a minimum of five vehicles to Turo over the first six months that they have an approved line of credit. Hosts are welcome to trade in vehicles and replace them with vehicles financed by Westlake Fleet. In other words, hosts don’t need to grow their fleet overall in order to meet this requirement. To be eligible for this line of credit, hosts need to have operated as a business (LLC, S-Corp, Sole Proprietorship, etc.) on Turo for at least 6 months, with at least three active vehicles listed on Turo. Active vehicles are defined as having each had at least one trip in the last 30 days.