Finance any customer that walks in the door!
Whether you are a franchise or independent dealer, Westlake is the tool that can help your dealership increase your bottom line. With a full array of aggressive programs available, Westlake gives dealers the ability to offer rates as low as 2.99% with up to 2% dealer participation on certain products. Dealer fees and down payments can be as low as $0 and terms go as high as 72 months.
With the largest dealer network in the US, Westlake Financial Services is in the business of helping you sell more vehicles. Receive an approval for most of your customers with Westlake Financial Services. Westlake offers you instant approvals through DealerCenter®, Dealertrack® and RouteOne® with flexible financing options.
Click each badge for more program information
You’re your own credit analyst. Westlake allows you to rehash your deal to making negotiating easy. In seconds you can lower your deal discount by adjusting term, down payment, and sales price. Take control of your retail finance deals!
Take the guesswork out of structuring retail finance deals. Westlake’s AutoStructure tool helps you calculate the best deal structure with the highest net check using the customer’s desired monthly payment & down payment.
Don’t let customers walk off the lot without an approval. Using a desired down payment and monthly payment, Westlake’s I-Maxx tool can quickly find all the vehicles in your inventory on which a customer is approved. I-Maxx helps dealers provide a menu of vehicles and loan structures for their customers to minimize the loss of sales due to finance options.
Speed up your funding time and shift away from the error-prone approach of manual entry. Dealers who eContract with Westlake often see funds a full day faster once the deal package is complete. With eContracting, dealers can also ensure they have captured the proper signatures, forms, and deal documents.
Westlake accepts eContracts on all deals regardless of credit type through Route One and DealerCenter. Dealers who submit applications through Dealertrack can use DealerCenter eContracting simply by rehashing the deal.
Increase your net check while giving your customers piece of mind with a Guaranteed Auto Protection (GAP) waiver. In case of a total loss, GAP will cover the difference between the balance due on the loan and the actual cash value the casualty insurance company pays.
SecureOne® can help increase your profit margin, while giving piece of mind to your customers. When structuring your next deal, take a look at the benefits when you add Secure One with Westlake’s preferred extended service contact provider.
If things go wrong, parts and labor costs can add up quickly. With SecureOne®, your customers’ out-of-pocket expenses can decrease dramatically, helping them get back into their car with less financial worry.
Protect your vehicle from the moment your customer drives out of the lot, until the loan is fully funded. Designed to provide immediate binding coverage at the time of purchase, Spot insurance protects the dealer’s vehicle in case of a total loss and the customer’s insurance cannot be verified.
Spot Insurance offers temporary, flexible point of sale policies available for 7 or 14-day coverage. Every Spot policy comes with five out-of-the-box coverages: bodily injury, property damage, medical payments, comprehensive & collision. Dealers also have the option to purchase uninsured/underinsured motorist.
Westlake, through Knight Management Insurance Services (“KMIS”) offers a twelve month comprehensive and collision insurance policy with a premium that is divided throughout the term of the loan. It is designed to protect the vehicle against unexpected loss such as: accident, theft, or vandalism, as well as, protecting the dealer’s interest throughout the first payment default period by providing physical damage protection.
Westlake’s Standard program gives dealers the ability to approve those hard-to-finance customers. Due to the program’s approval flexibility, dealers rely on it as the backbone to their first-time buyer and sub-prime finance business.
Take a look at these deals.
Near-Prime Customer Approved with Low APR on a High Mileage Vehicle
548 FICO customer financed a 54-term contract and a great monthly payment.
Click to enlarge sample deal
Westlake’s Gold program allows dealers to provide aggressive financing options to customers with established credit history, regardless of vehicle mileage or age. Just like the Standard program, customers with hard-to-prove incomes, open or discharged bankruptcies, and prior non-Westlake repossessions all qualify for the Gold program
619 FICO Customer financed with a low down payment and good APR.
Click to enlarge sample deal
Dealers Enjoy the approval flexibility of Westlake’s Platinum program. The Platinum program allows dealers to be competitive with the big banks for near-prime and prime credit customers. Like Westlake’s Gold (link to pg) and Standard (link) programs, there is no vehicle mileage restriction and minimal stip requirements. Combine all this with low dealer fees and now dealers can cater to many customers with good credit buying a used or tough-to-finance vehicle.
Customer with no FICO financed with a low down payment and Great APR
Click to enlarge sample deal
Westlake’s Titanium program allows dealers to provide aggressive financing options to prime customers who walk into the dealership lot. Dealers enjoy having the ability to offer rates as low as 2.99% with up to 2% dealer participation. Not to mention dealer fees and down payments which can be as low as $0 and terms that go as high as 72 months. Needless to say, the Titanium program allows Westlake to be a truly competitive full-spectrum lender.
764 FICO customer financed with a low lender fee, a great APR, and 72-month term.
Click to enlarge sample deal
Re-work your own deals and get an instant approval with our Rehash tool.
1. Deal Summary: View insight on your deal’s approval status and an overview of the deal, customer and vehicle information
2. Deal Structure: Rehash your deal structure to achieve a higher net check with the help of auto structure, deal hints, and smart buttons
3. Smart Buttons: Click on the blue icon and receive hints that help you reach a higher net check
4. Customer/STIPS: View the signer and co-signer’s job and income information. Review waived stipulations and submitted stipulations
5. Funding: Tracks your deal while it’s in the funding process. Receive deal updates and view lender comments
Westlake gives you the control to find the right structure for you and your customer. Our AutoStructure tools uses the customers desired monthly and down payment to adjust the application approval by changing Sales Price, term, and down payment to showcase the ideal structure for your customers’ needs as well as help you receive the highest net check. Check out the images to see how this program works.
Benefits of AutoStructure:
Westlake’s I-Maxx tool allows you to match one customer with many cars in your inventory. Using desired monthly and down payment, I-Maxx quickly identifies vehicles in your inventory on which your customer is approved and sorts them by highest gross. With I-Maxx your customers should never leave your lot without a list of vehicles for which they qualify.
Benefits of I-Maxx:
DealerCenter’s DMS technology leads the industry with innovation, dependability and value. No other platform combines more functionality into a single interface, making it easier than ever to run a dealership with efficiency and profitability.
DealerCenter also offers full inventory management, lender management, deal desking, CRM, BHPH, digital marketing & social media, custom dealer websites, and more—all in one easy-to-use system.
Total Lender Management →
Submit credit applications and receive lender decisions from RouteOne and Dealertrack, right from DealerCenter
Dealer Management System →
All the DMS tools you need, including inventory management, desking, payment processing, and Experian, TransUnion, and Equifax credit bureau services.
Inventory Merchandising →
Everything you need to professionally showcase your vehicles, including Book values, photo overlay, window stickers, and vehicle history reports.
Customer Relationship Management (CRM) →
Manage every aspect of the customer journey with our powerful tools, including SMS & Email messaging, tasks & workflow management, and more.
Buy Here Pay Here (BHPH) →
From contracting and collections to reporting and analytics, DealerCenter makes it easy to stay on top of your entire portfolio
Digital Marketing →
Powerful advertising and marketing tools to manage your online presence.
Custom Dealer Websites →
DealerCenter’s custom websites are responsive and SEO-optimized to create the perfect online shopping experience for any customer, on any device.
Full-Featured Mobile App →
Oversee your deals, upload inventory, run vehicle history reports, communicate with customers, and more, right from your phone.
Build advanced financing tools directly into your website with DealerCenter’s DealDriver tool! Give buyers the freedom and flexibility to pre-qualify and structure their own deal, without affecting their credit score. You’ll receive each customer’s information and FICO score, and the customer will be able to view their financing options instantly, keeping them engaged with your site longer.