Western Funding, Inc. is excited to announce the launch of the “10-10-10 Program”
February 24, 2016
Western Funding, Inc. is excited to announce the launch of the “10-10-10 Program” as a complement to the successful Triple Pay Program.
“Dealers now have a greater opportunity to reach their residual income at a much faster pace than before.
We think that paying the dealers quicker is great for our long-term relationships”
As an extension of the Triple Pay program, the “10-10-10 Program“ allows dealers to fill their Triple Pay
buckets even faster and increase the speed at which they may receive their second and third participation
check by financing quality older vehicles with higher mileage. The “10-10-10 Program” stands for 10-year-old
vehicles with a maximum of $10,000 amount financed (before add-on products) and a minimum of 100,000 miles.
“The "10-10-10 Program" gives dealers the opportunity to profit faster by reaching their second
participation check and drive towards achieving the third payment stream on Triple Pay,” commented Guerin Senter,
President of Western Funding. "Dealers now have a greater opportunity to reach their residual income at a much
faster pace than before. We think that paying the dealers quicker is great for our long-term relationships."
Triple Pay is a unique program offered by Western Funding Inc. that gives dealers the opportunity to build a portfolio of
accounts and share in the profits of each deal. The program provides dealers three (3) opportunities to receive payment on
the same contract. Dealerships maximize their profits by earning up to 50% of the interest collected and the entire
principal as the customer makes payments. Triple Pay is a product geared toward lower mileage and newer model year vehicles.
“We are excited with the opportunities in the automotive finance market,” stated Western Funding President Guerin Senter.
“We continue our strategic growth with a heavy focus on increasing dealer portfolios. We anticipate consistent performance through
the end of the year and to end at a $150 million portfolio.”
Automotive dealerships interested in building a Triple Pay portfolio with Western Funding are encouraged to call
Western Funding directly at 888.434.3150.