Westlake Partner Releases Major Update to DealerCenter Website LOS ANGELES, California — December 19, 2012 – Westlake Financial Services, a full spectrum auto finance company, announces a major update to the DealerCenter (www.dealercenter.net)website. DealerCenter is operated by Nowcom Corporation, Westlake’s sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake’s …Read More
Westlake Announces New Credit Facility With Japanese Firm LOS ANGELES, California – November 26, 2012 – Westlake Financial Services, a full-spectrum auto finance company, announces a new $30 million credit facility with MG Leasing Corporation (MGL), a Japanese leasing company. The credit facility collateralizes Westlake’s auto finance receivables. The agreement was executed on November 8, …Read More
Westlake Remarketing Announces Top Auctions for Q3 LOS ANGELES, California – October 30, 2012 – Westlake Financial Services announces their top regional auction performers for the third quarter. They are: Dirk Grammel, Westlake’s Southern Regional Auction Representative, says that Rawl’s Auto Auction made it to the top of the list with their focus on old-fashioned …Read More
Westlake Announces New $300 Million Credit Facility LOS ANGELES, California – August 9, 2012 – Westlake Financial Services, a full-spectrum auto finance company, announced a $200 million commercial paper conduit through Royal Bank of Scotland (RBS). JP Morgan recently joined with RBS to increase the credit facility by an additional $100 million, raising total capacity …Read More
Westlake Renames and Simplifies Finance Programs LOS ANGELES, California – June 28, 2012 – Westlake Financial Services, a full spectrum auto finance company, announces the first major overhaul of its finance programs since the company was founded over twenty years ago. Effective July 1, Westlake’s programs will be reduced from four to three, with each …Read More
Westlake Begins Originations in Massachusetts, Marks Milestone LOS ANGELES, California – MAY 29, 2012 – Westlake Financial Services, a full-spectrum auto finance company, will mark a milestone as they begin loan originations in the state of Massachusetts beginning June 1. “With entry into Massachusetts, we are now a 50-state national lender. That is something we …Read More
Westlake Remarketing Announces 2011 Top Auctions Los Angeles, CALIFORNIA – February 8, 2012 – Westlake Financial Services announces Norwalk Auto Auction as their overall “2011 Auction of the Year.” In Westlake’s auction line-up, Bill Walters, VP of Remarketing says that, “Norwalk Auto Auction is the little auction with big results. A two-lane sale just 15 …Read More
Open Letter to our Dealers LOS ANGELES, California – January 9, 2012 Dear Dealer Partner: Thank you for helping to make Westlake recognized across the industry as a financial leader. We are thankful for your business and helping us grow! 2011 brought us growth in excess of 30% over 2010, and that type of success …Read More