Westlake Financial rolled out a new Commercial Vehicle Financing Program that allows dealerships to offer financing of up to $65,000 for vehicles ranging from cargo vans to big rigs, aoccording to the company.
Westlake’s Commercial Vehicle Program will be available in eight markets and will expand nationwide throughout the year, according to Westlake. Terms can vary from 36 to 72 months, depending on the vehicle mileage, with minimal stipulation requirements. This new program is available in the following states: Georgia, Kansas, Maryland, Maine, Mississippi, New Jersey, Ohio and Virginia.
“We are always looking for new avenues to help dealers finance more customers,” said Pamella Teixeira, manager of business strategy and analytics at Westlake Financial. “Our commercial vehicle program fulfills the request we had received from many auto dealers across the country.”
Active Westlake Financial dealers are able to submit commercial vehicle applications from DealerCenter, DealerTrack, RouteOne, or CUDL for approval.