CACC vs Westlake: Loan Origination Process
In Practise Research
inpractise.com/articles/cacc-vs-westlake-loan-origination-process
We’ve long been fascinated by CACC’s lending model relative to competitors. Unlike Westlake and other competitors, CACC claims it structures loans to best align the dealer, end customer, and its own ROE. It typically advances less upfront to dealers in return for sharing a larger portion of the return of the loan over time. This aims to encourage dealers to put customers in affordable cars so they can maximize repayments and share profit over the life of the loan.
This is what CACC claims, yet it consistently receives lawsuits of predatory lending.
We aimed to understand exactly how loans are originated on CACC vs Westlake by walking through the process and understanding how dealers structure loans. This research shares each step of the loan origination process on CAPS and compares it to Westlake.
Loan Origination Process
Related Content
Credit Acceptance: Hurdles to Loan Volume Growth
Former Director of Sales at Credit Acceptance
Credit Acceptance: CAPS vs DealerCenter Loan Application Workflow
Independent Car Dealer in the US
Credit Acceptance: CAPS Workflow Challenges
Finance Manager at Richfield Bloomington Honda
Credit Acceptance: CAPS Technology Challenges
Former Software Engineer at Credit Acceptance
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities.
© 2024 IP 1 Ltd. All rights reserved.