Westlake ALPS helps you sell more cars, with less money!
Westlake ALPS Pass-Through Program bridges the gap between sub-prime bank financing and Buy-Here Pay-Here. The program allows the dealer to capture the “Buy-Here Pay-Here customer” without the added expense of holding the loan in-house. In essence, dealers can sell more cars, with less money!
Advantages To Dealer
- No account seasoning required!
- The Pass-Through Program allows you to have more control of your underwriting and your customers.
- Sell more cars without tying up cash flow in your accounts receivable as a Buy-Here Pay-Here account.
- Know your profit margins with Westlake prior to delivering the vehicle.
- Receive up-front cash on your sub-prime customers, without all the hassles of most Point-of-Sale deals.
- No signup fees.
- Max Remaining Term – 36 Months
- Vehicle – 2002 or newer
- Down Payment – 20% of Sale Price
- Payment Amount - $450 Max or 20% PTI – (Gross Monthly Income)
- No Salvage or Rebuilt
- Recourse – 2-4 Payments
- APR – Max State Allowed
- Aggressive Advance Rates
*** Please contact Westlake ALPS for vehicle pricing & advance rates***
- Original Retail Installment Contract (Westlake Approved)
- Original Title (Westlake as lien Holder)
- Completed Credit Application
- Customer Reference sheet
- Copy of Bill of Sale
- Current Customer Payment History (if payments have been made)
- Copy of Insurance Information (Westlake as lien holder)