Westlake Financial Refinance Concern

[kittycreditmeow]

Hi,

Just wondering if anyone with an auto loan through Westlake Financial was able to successfully refinance with a credit union or different lender without any problems? I read a lot of horrible reviews on Westlake about holding titles and making it difficult to payoff your loan. I recently signed loan papers with Westlake and I'd eventually like to refinance with a credit union in 6 months or a year but not sure how difficult they will make the process. Definitely want to get out as quickly as possible. 

[Sbrav77]

I was able to refinance an auto loan I had through Westlake before I even made the first payment. I refinanced with Penfed for almost half the interest rate. No issues at all. Although I hit a deer and the car got totalled out before Penfed received the title from Westlake. 

[kittycreditmeow]

That's good to hear about the refinancing. I'm definitely not in a position to refinance right now as most lenders won't touch me but I'm happy that Westlake took a chance on me. I have PenFed and tried to finance thru them but they weren't ready for my level of uncertain riskiness. Lol! Hopefully down the road, they will be easy to work with. 

[kwhitt2024]

What is your experience with Westlake now?

[JoeRockhead]

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@kwhitt2024 wrote:

What is your experience with Westlake now?

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@kwhitt2024 The OP hasn't been back on the forum since 3/12/2024 so I don't know that they'll respond. I personally haven't seen much positive about them. If you type Westlake in the search bar here, there are lots of threads that come up you can read up on.