Westlake Launches New Prime Program
Executives say the new program, which is designed for car buyers with a 750 FICO or better, is part of the finance source's push to become a one-stop shop for every dealership.
LOS ANGELES — Westlake Financial Services’ new Titanium program is designed for car buyers with a 750 FICO or better. It provides rates as low as 2.99%, amounts financed of up to $50,000, terms up to 72 months, and no lender fees.
Officials said the finance source’s fastest-growing segment is consumers with 700-plus FICO scores. Currently, 45% of Westlake’s portfolio has a FICO score above 600, according to the company.
“Westlake continues to expand our presence in all credit tiers,” said Ian Anderson, group president of Westlake Financial Holdings. “Our goal is to be the one-stop shop for every dealership that has a customer who needs an auto loan.
“Our market is every dealer, every consumer, nationwide.”
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