RouteOne Announces Integration with Westlake Financial Services

RouteOne now offers dealers access to 315 finance sources through its online credit application management system

FARMINGTON HILLS, Mich., Aug. 14 -- RouteOne LLC announced today that it has completed integration with California-based Westlake Financial Services, a privately held finance company specializing in the acquisition and servicing of near-prime to subprime automotive retail installment contracts.

Westlake funds contracts through a network of more than 5,000 new and used automotive dealerships throughout the United States. It is the financial services arm of the Hankey Automotive Group, a Los-Angeles based dealer group with ownership interest in multiple automotive-related companies.

"Westlake is a great addition to RouteOne, allowing us to broaden our national footprint and better service our dealer customers with an expanded range of financing solutions," said Mike Jurecki, RouteOne CEO. "Westlake's robust spectrum of financing will be helpful to dealers seeking financing solutions for their customers during these challenging times."

"Westlake's new relationship with RouteOne helps increase our franchise penetration," says Ian Anderson, President of Westlake. "We are committed to helping dealers sell more vehicles and focus on doing business the way franchise dealers want to do business. Our RouteOne integration helps achieve that goal."

ABOUT ROUTEONE

RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne's web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne's open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.

ABOUT WESTLAKE

Westlake Financial Services is an internet-based, privately held finance company that specializes in the acquisition and servicing of sub-prime to near-prime automotive retail installment contracts. Headquartered in Southern California, Westlake funds contracts through a network of over 5,000 new and used car dealerships throughout the United States. All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.