Westlake launches Cash Now Pay Later

ByDavid M. Conte

Oct 22, 2021

LOS ANGELES–(COMMERCIAL THREAD) – Launch of Westlake Technology Holdings Cash in now Pay later, an exciting new product that provides financial flexibility to its customers by allowing them to borrow money today and repay it at a later date. Cash Now Pay Later is currently piloted by Westlake with over one million existing customers and has driven high demand for the program since its launch.

“Westlake recognized the need to provide its established customers with an easy online solution to getting money right now,” said Jim Eyraud, vice president of LoanCenter. “The pre-approved financing offers can be used by existing Westlake customers through a fully automated online process on the MyAccount mobile app,” he added. This quick and easy process helps give consumers the financial flexibility they need.

Westlake plans to expand Cash Now Pay Later nationwide through LoanCenter.com. As part of the expanded program, customers will be able to customize their Cash Now Pay Later structure and select amounts between $ 500 and $ 5,000. After the electronic signature, the money is deposited into the customer’s bank account within a few hours.

“The goal of LoanCenter.com is to provide loan solutions to help borrowers cope with any financial situation. The Cash Now Pay Later program is a great addition to the current auto and secured loan offerings on LoanCenter, ”added David Goff, vice president of marketing at Westlake.

Cash Now Pay Later will be available on the LoanCenter website in Q4 2021. To learn more about LoanCenter, visit: www.loancenter.com.

About Westlake Technology Holdings

About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 15 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers loan portfolio purchases, credit facilities and portfolio services through its ALPS (Advanced Lending & Portfolio Services) division, www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer installment loans are offered through Westlake’s wholly owned subsidiary, LoanCenter, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance.