You can go to any dealership within our covered states (see our auto loan state coverage) and apply for our auto loan. All you need to do is fill out the online application (see apply now) and we will get in touch with you regarding the following steps.
Please note that Westbon only provides a financing service and does not sell cars directly. Upon approval of your loan application, you are responsible to find the dealer from which you will purchase the car and update your car information. Once you e-sign the loan agreement, Westbon will wire transfer the loan proceeds to your designated dealer. When your dealer receives the fund, you can pay the down payment at your dealership and pick up the vehicle.
Yes, you can. Westbon finances any used car with a clean title, model year of 2012 or later and mileage of 70k or less.
Yes. For a loan amount under $30,000, Westbon requires the down payment to be at least 25% of your pre-tax car price. For a loan amount over $30,000, the down payment is 35% of your pre-tax car price.
You will make the down payment at the dealership. Cash, cashier’s check or wire transfer are generally accepted at dealerships. Please contact your dealership for details.
Upon approval, you need to sign a purchase agreement with the dealer and upload it through your Westbon account. After you sign your loan agreement, you will need to send us or upload your insurance binder and set up your loan repayment method on Westbon. The loan proceeds will then be wired to your designated dealer as soon as the next business day. This whole process usually takes 2-3 business days.
Please bring the original copy of your passport or US driver’s license and proof of auto insurance if purchased in advance. You can contact your dealership for information about purchasing auto insurance.
Yes, all customers are required to purchase auto insurance with collision and comprehensive packages. You are more than welcome to contact our customer service representatives or dealers for suggestions.
We do not sell auto insurance. However, our customer service representatives can give you suggestions based on your needs. Our partnered dealers can also recommend some of the most trusted auto insurance companies.
Westbon currently can only finance cars from licensed auto dealerships.
Westbon currently can only finance cars – types include sedan, coupe, convertible, SUV, truck, wagon, hatchback, minivan, etc.
Your car financed by Westbon will serve as collateral. Westbon Inc. will be listed as the lienholder on your title until your loan is paid off.
Please refer to How It Works for the detailed application procedures.
We offer auto loan with a minimum amount of $5,000 and no upper limit. The range differs across states due to state-level regulations. Please see detailed information on your application page.
No. Until you pay off the remaining balance for the car, you will not be eligible to finance another car.
We offer auto loans at any dealership in the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Massachusetts, Michigan, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, and Wyoming.
Please choose a product you want to finance and complete your personal loan application online (see apply now ). Upon approval, Westbon will send over a loan agreement to your registered email. Once you sign the loan agreement and set up your loan repayment method through your Westbon account, the loan proceeds will be deposited into your bank account as soon as the same business day.
We will deposit the money into your bank account within 1 business day after you e-sign the loan agreement and set up payment method on your Westbon account.
We offer personal loans ranging from $1,000 to $3,000. In Alabama, the minimum amount is $2,001.
We offer personal loan in the following states: Alabama, Arizona, California, Florida, Illinois, Indiana, Iowa, Michigan, New Jersey, New York, Ohio, Utah, Washington, and Wisconsin.
You can go to one of our partnered dealerships and apply for our auto lease ((Our lease program is currently only available in California. Feel free to join our waitlist to be notified once we expand to your state). All you need to do is fill out the online application (see apply now) and we will get in touch with you regarding the following steps.
Yes, you definitely can. The car model year has to be newer than 2015.
The due at signing includes the first month’s payment, down payment, refundable security deposit and any applicable taxes and fees. We will provide an estimate once your lease gets approved.
Upon approval, you will need to sign the lease agreement and set up your lease repayment method through your Westbon account. You can then expect to pick up your car within 1-3 business days.
Yes, please see below for the minimum requirement
Yes, warranty is required throughout the lease term and you are responsible for maintaining the leased vehicle on a regular basis.
For the vehicle you lease with Westbon, Westbon is the actual owner of the vehicle and you will be listed as the lessee. Therefore, the vehicle will serve as collateral.
No. Until you pay off the remaining balance for the car, you will not be eligible to lease another car.
Currently our lease program is only available in California. We are actively expanding to other states. If you want to be notified once we are in your state, please join our waitlist.
Unfortunately, you have to lease the car from one of our partnered dealerships. Please call our customer service line at 800-840-6604 to find out your nearest Westbon partnered dealership.
Please check with one of our partnered dealerships to see what kinds of vehicles are available for lease.
If you terminate the lease early and return the vehicle, you are subject to an early termination fee. Please send an email to firstname.lastname@example.org to get your early termination quote.
The annual mileage limit is 12,000 miles. If you go over the limit, we will charge you $0.50 per additional mile when you return the vehicle.
Sales tax laws can be quite different across states. Most states apply the local sales tax rate to each monthly lease payment. A few states require sales tax to be paid up front, based on the value of the vehicle or the sum of all monthly payments.
Yes, you can, as long as they are covered by your insurance plan.
No. Westbon does not allow you to swap your lease with a third party.
You will need to verify at least one valid U.S-based bank account in your application. You will be asked to provide proof of financial support such as your parents’ income or savings account. To increase your chances of approval, you are strongly recommended to submit any supplementary materials available as listed in the Supplementary Documents Section.
You can still apply by providing a copy of your SAT/ACT/TOEFL/IELTS/GRE/GMAT score report or some other standardized test score report.
We will inform you of the decision within two business days if all required documents have been submitted. However, if we request supplementary documents from you, it may take longer for us to process your application.
Your application status is available at My Home after you log into your Westbon account. We will also email you if there is a status update.
Please email us at email@example.com to submit any changes in your submit any changes in your application..
We will NOT contact your school or family members directly on behalf of Westbon when reviewing your application. We will only contact your school or family members to locate your whereabouts if you cannot be reached in case of past due payment or default.
Our underwriting team will evaluate your overall qualifications, including your personal information, academic performance, credit report if available, financial situation, etc. We recommend that you completely provide all required and any necessary supplementary documents as complete as possible to increase your chances of approval and get a better interest rate.
Possible reasons include but are not limited to:
You may re-apply at least 3-months after your application was declined. However, please do not submit the same materials as used for the declined application. We need to see significant improvement in your updated application materials to approve your new application.
You are not required to have a credit score to apply but having a solid credit score will increase your chances of approval.