LOS ANGELES — Westlake Financial Services will be available in all 50 states on June 1. That’s when the finance company will officially enter the Massachusetts market.
Dealers in that state will have access to the auto finance source’s Titanium (true-prime credit), Platinum, Preferred, Standard, ProfitBuilder and Partner (profit-sharing) programs. “We are now a 50-state national lender,” said Ian Anderson, president of Westlake. “That is something we are very proud of.”
The company is already signing up dealers in that state. Officials added that the company will also make available its AAA-Deals program, which gives preferred rates and lower dealer discounts when minimum FICO, income and down payment requirements are met.
“For over 20 years, we’ve been providing both franchise and independent dealers a one-stop shop to approve every customer that walks on their lot,” says Mark Vazquez, vice president of sales. “With our AAA-Deals program, prime customers can get APRs as low as 4.99 percent. Credit-challenged customers with FICOs below 549 can get APRs as low as 15.99 percent with no vehicle mileage restrictions.
“No other full-spectrum finance company can offer those kinds of rates on both sides of the credit spectrum,” Vazquez added.
Massachusetts franchise and independent dealers interested in signing up with Westlake can visit www.westlakefinancial.com.