Copart Offers Flooring Plans Through Companies Like Westlake Financial
Copart offers dealers and resellers a single source auto solution when it comes to finding, reviewing, buying and receiving delivery of frontline-ready vehicles. But you may not know Copart can also help connect you to flooring finance services to further leverage your working capital.
Why Use Flooring?
Flooring lets you set up a revolving line of credit so you can bid and win more vehicles. When you sell a vehicle, you pay off the loan and keep the rest as profit. Most franchise dealerships operate this way with new inventory, and Copart can help extend these advantages to independent dealers.
Flooring empowers dealers to bid more, buy more, win more, and most importantly make more profit with a lower risk of loss.
How Does Flooring Work?
To get started buying cars through a flooring plan, you’ll first need to apply for the line of credit. We point many of our customers to Westlake, who provides special rates and other advantages to Copart customers, especially new dealers.
Once approved, log into your Copart account and go to the Payments Due tab. There you can enter your flooring account information. Once the two accounts are linked, you can pay for your vehicles through the line of credit just as if you were buying with a credit card or bank account.
You can find the vehicles that your customers demand, then set your Max Bids or attend the live auction to bid on and hopefully win those vehicles.
The bottom line is that flooring lets you buy more cars to offer your customers so you can sell them and make more money.
Why Use Flooring Through Westlake?
As we mentioned before, we refer many of our Members to Westlake Flooring Services. The financial firm has a long history of working with Copart and our customers, and their system integrates fully with our VB3 auction platform.
Westlake also offers additional benefits to Copart Members like:
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Reduced lender fees on Westlake deals.
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Rate reductions up to 5%.
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$500 in coupons to use towards future Westlake deals.
In addition, Westlake offers dealers:
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Prime & Subprime Lending
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Competitive Interest Rates & Low Curtailments
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Flexible Terms Up to 200 Days
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100% Financing
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Lending for Vehicles in All Conditions – From Gently Used to Total Losses
Learn more about flooring plans through Westlake and apply for financing at Copart.com/WestlakeFlooring.
If you’re already a Westlake customer and want to add flooring as a payment method to your Copart account, Email Buyer.ar@copart.com or Call (707) 646-2187, then select option 5.
Where Can Dealers Find Inventory-Quality Vehicles at Copart?
One of the best places to find inventory on Copart is in our weekly Copart Select Auction at 11 a.m. CDT. You can tell the quality of a vehicle at a glance with our Sale Lights. Green lights are ready for inventory, and Yellow lights can easily be made so. These lights also determine what’s covered under our Copart Select Arbitration Policy.
If what you receive isn’t what you saw online, you’ll be protected by our Policy.
The best businesses know how to reduce risk, and purchasing Copart Select vehicles financed through Westlake Flooring Services is a wonderful way to do just that.
And don’t forget that we are offering a 50% discount for new dealers who join as Premier Members with this link.
