Westlake Integrates With Redesigned www.DealerCenter.net
Westlake Financial Services, a full-spectrum auto finance company, has integrated with Nowcom Corporation’s newly redesigned DealerCenter 7 Website, which features a dealer management system and a streamlined user experience that aims to help dealers structure and submit deals to Westlake.
LOS ANGELES — Westlake Financial Services, a full-spectrum auto finance company, has integrated with Nowcom Corporation’s newly redesigned DealerCenter 7 Website, which features a dealer management system and a streamlined user experience that aims to help dealers structure and submit deals to Westlake.
One highlight of DealerCenter 7 is its wizard-driven approach to structuring deals. By simply inputting the customer’s down payment and desired monthly payment, the Deal Wizard will analyze the customer’s credit and automatically structure an approval for every qualifying vehicle on the dealer’s lot using Westlake’s patented Buy Program software. The results are arranged in order of potential profit.
“With the wide spectrum of programs that we offer, it’s easy to miss the little things that could qualify the customer for a better rate and give the dealer a bigger net check,” said Mark Vazquez, a sales executive at Westlake. “The Deal Wizard tool can help the dealer catch those things and turn a ‘good’ deal into a ‘great’ deal.”
Dealers can get a hands-on preview of the new site by visiting Westlake at is booth (1321) at this year’s NADA Convention in Orlando, Florida, February 13-15.
More Auto Finance
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →