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Pros

Flexible payment options
Quick issue resolution
Willingness to work with customers who have poor credit

Cons

High interest rates
Poor communication from staff
Frequent complaints about customer service quality

Westlake broker Accounts

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.

Westlake accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Westlake Account