Post Tagged with: "CARite"

Used-Car Lessor Brite Financial Projects 75% Growth This Year

Used-Car Lessor Brite Financial Projects 75% Growth This Year

August 24, 2017 at 10:00 am 0 comments

Brite Financial, the subprime used-vehicle leasing arm of CARite dealerships, is on pace for a record year of originations, Chief Operating Officer Mike Cavanaugh told Auto Finance News. With 2,624 contracts originated year to date, the financial arm has already surpassed full-year 2016 originations. Last year, the company originated 2,491Read More

Westlake’s Customized Subprime Program Hooked CARite

Westlake’s Customized Subprime Program Hooked CARite

August 15, 2017 at 12:38 pm 0 comments

Westlake Financial Service’s partnership with the online and brick-and-mortar dealership group CARite began with a message on LinkedIn. “We were evaluating which lenders we do business with and where we saw some gaps in terms of who can approve what kinds of deals,” Mike Cavanaugh, chief operating officer for CARite,Read More

Westlake Emerges as Preferred Subprime Lender for CARite

Westlake Emerges as Preferred Subprime Lender for CARite

August 11, 2017 at 12:15 pm 2 comments

Westlake Financial Services is the new leading provider of subprime and near-prime retail contract loans at CARite dealerships through a strategic partnership announced in a joint press release Thursday. Westlake snagged the preferred subprime lender slot over two larger players in the space. Ally Financial Inc. and Capital One AutoRead More

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