Westlake Financial Account Type

Westlake Financial offers a variety of account types tailored to meet the needs of different dealers. The account types include:

• Standard Program (FICO 0 - 599)
• Most popular and flexible program.
• Accepts all income types with no minimum income, job, or residence time requirements.
• Open bankruptcies and recent repossessions are acceptable.
• No vehicle age or mileage restrictions.
• Gold Program (FICO 600 - 699)
• Rate participation available.
• No minimum income, job, or residence time requirements.
• Open bankruptcies and recent repossessions are acceptable.
• No vehicle age or mileage restrictions.
• Platinum Program (FICO 700+)
• Lower rates with rate participation available.
• Minimal stipulation requirements.
• Longer terms available with no vehicle age or mileage restrictions.
• Profit Builder® Program (for Buy Here Pay Here deals)
• Control APR as low as 1% and LTV up to 200% of book value.
• Receive up to 75% of book upfront and up to 50% of customer monthly payments.
• Partner Program (for Buy Here Pay Here deals)
• Control APR as low as 1% and LTV up to 200% of book value.
• Collect 100% of the principal balance of the loan with no discount fee.

Westlake Financial Broker Account Opening Process

To open a broker account with Westlake Financial, follow these steps:

• Gather Required Information:
• Dealer state, type, and entity type.
• DMV license number and expiry date.
• Federal tax ID number (EIN).
• Dealership name and DBA (if applicable).
• Business contact information including phone and fax numbers.
• Physical and mailing addresses.
• Complete the Application:
• Fill out the application form with the necessary dealer information.
• Provide details about your business, including average sales per month, units sold per month, and total inventory.
• Submit the Application:
• Send the completed application to Westlake Financial.
• Contact Westlake at 1-888-893-7931 for assistance or to check the status of your application.
• Account Approval:
• Once submitted, your application will be reviewed, and you will receive a response regarding your account status.
• Activate Your Account:
• Upon approval, follow the instructions to activate your account and gain access to Westlake's financing solutions.

For more detailed information, visit the Westlake Financial website: Westlake Financial.