FARMINGTON HILLS, Mich. — RouteOne LLC completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.
Westlake funds contracts through a network of more than 5,000 new- and used-automotive dealerships throughout the United States. It is the financial services arm of the Hankey Automotive Group, a Los-Angeles based dealer group with ownership interest in multiple automotive-related companies.
“Westlake is a great addition to RouteOne, allowing us to broaden our national footprint and better service our dealer customers with an expanded range of financing solutions,” said Mike Jurecki, RouteOne CEO. “Westlake’s robust spectrum of financing will be helpful to dealers seeking financing solutions for their customers during these challenging times.”
“Westlake’s new relationship with RouteOne helps increase our franchise penetration,” says Ian Anderson, president of Westlake. “We are committed to helping dealers sell more vehicles and focus on doing business the way franchise dealers want to do business. Our RouteOne integration helps achieve that goal.”