Car super app Jerry is dedicated to finding you the best savings across multiple aspects of car ownership—including finding the lowest car insurance and auto refinance rates.

Jerry scans the market to present you competitive rates from dozens of lenders, giving you access to the best savings. Choose Jerry to make your auto refinance process as easy as can be.

Calculate your APR

Here’s a handy tool to help you calculate your approximate loan interest rate:

Loan Amount

Credit Rating

Average Annual Interest Rate	Average Monthly Payment
8.45	$362

Westlake Financial auto loans overview

Westlake Financial works with a network of over 30,000 dealerships to provide auto loans across the U.S. There are four tiers of rates depending on your credit score: Standard, Gold, Platinum, and Titanium.

Because you take out a Westlake loan through a dealership, these loans are considered indirect auto loans.

Here’s everything you need to know about Westlake Financial auto loans:

Starting APR: 2.99% to 24.99%
Loan amounts: Up to $50,000
Loan terms: Up to 72 months
Minimum required credit score: None
Application fee: N/A
Prepayment penalty: N/A
Prequalification or preapproval: Yes
How to apply: Complete a Westlake Financial application online.

Westlake Financial auto loan pros	Westlake Financial auto loan cons
No minimum credit score is needed to apply.	Loan options are limited.
No credit check is required for prequalification.	You must buy with a partner dealership, which can drive interest rates up.
You can change your payment due date one time during your loan contract.	—-
Financing for commercial vehicles is available.	—-

What kind of auto loans does Westlake Financial offer?

Westlake Financial offers indirect auto financing, meaning you take out a Westlake auto loan through one of their partnering dealerships.

You can finance a variety of vehicles through this lender, including specialty vehicles like classic and exotic cars, commercial vehicles, and recreational vehicles.

How much do they cost?

Westlake Financial offers loans up to $50,000 plus interest. There are four tiers of interest rates depending on your credit score, from 2.99% to 24.99%.

Titanium scores of 750+ are eligible for a 1.99% interest rate.

Who is eligible?

You do not need to have a certain credit score or financial history to apply for a loan with Westlake Financial.

However, a candidate is more likely to get approval if they have steady income, a decent credit score, and a debt-to-income ratio of 43% or lower.

Getting a quote

You can get a quote or apply for prequalification with Westlake Financial online.

Application requirements

To apply for a loan with Westlake Financial, first use their car directory to find a dealership near you. Then, fill out the prequalification form online. Be prepared to show:

Identifying and contact information
Information about your employment status
Social security number
Information about the type of car you want

Luckily, you can apply for prequalification without a hard inquiry to your credit (which can cause your credit score to drop temporarily).

Once you have your loan amount, take the time to find a vehicle that fits the loan budget and meets your needs (always test drive models you’re interested in).

Then, you’re ready to sit down with the dealer and sign the loan contract. Be sure to properly review your loan agreement and don’t hesitate to ask any questions before signing.

Financing amount

Westlake Financial gives auto loans of up to $50,000. The total you will pay over the course of the loan includes the price of the vehicle, interest, and other fees potentially including:

Taxes and licensing fees
Dealer fees
Add-ons, such as an extended warranty or gap insurance

Restrictions

You are not eligible for a Westlake auto loan if your desired vehicle:

Was manufactured outside the U.S. and doesn’t meet U.S. safety standards
Has fire damage
Is recycled or stripped
Is a taxi or police car

Refinancing your Westlake auto loan

Loans taken out through dealerships especially come with high interest rates.

If your indirect loan through Westlake has very high monthly payments, high interest rates, or you’ve since improved your credit so as to qualify for better loan terms, you may want to consider an auto refinance loan.

Westlake Financial does not offer auto refinancing, so you’ll have to contact a different lender.

Before refinancing, you’ll likely need to have positive equity, meaning you owe less on the loan than the vehicle is worth. On the other hand, if you’re currently upside-down on your loan, you may need to provide an upfront payment to secure a refinance.

What if Westlake Financial isn’t the right choice for you?

The loan terms you receive can vary depending on factors like your credit score and history, employment, debt-to-income ratio, and down payment. If you want to make sure you’re getting the best rate, you’ll need to shop around.

Jerry is the super app that helps you save on all your car-related expenses, including auto loan refinancing.

After you complete a quick sign-up, Jerry will compare rates from dozens of different lenders to find you the best loan terms. Even better, Jerry will handle all the hard parts of refinancing so that you can sit back and enjoy the monthly savings.

Hare are average rates from some of the most popular lenders:

Lender	Starting APR	Terms (months)	Loan amount
Bank of America	2.59%	48–72	$7,500+
Lightstream	2.49%	24–84	$5,000–$100,000
myAutoLoan	2.49%	24–72	$8,000+
Carvana	3.9%	36–72	$1,000–$85,000
Capital One	3.99%	36–72	$4,000–$50,000

FAQs

What credit score do you need to get a Westlake Financial auto loan?

Westlake Financial does not specify a minimum credit score needed to qualify for a loan. However, your chances of approval and enjoying lower rates increase the higher your credit score is.

Specifically, borrowers with credit scores of 750+ can take advantage of the Titanium program, with interest rates as low as 1.99%.