FAQ

Frequently Asked Questions (FAQ)

Q?

Who will service my loan?

A.

Woodside Credit is a national lender with a proven track record of providing our client with the most competitive combination of rates, terms and the lowest monthly payments in the industry. As a licensed lender, we initially service all loans prior to placing them with partner banks. By working with a very select group of partner banks we are able to deliver the best program to our clients.

Q?

How good does my credit need to be?

A.

We offer an excellent finance plan that does require that you have good credit.

Q?

Will anyone keep their car loan for 12 years?

A.

We expect the average loan to pay off in 3 to 4 years. Similar to the cashflow benefits of a mortgage loan our clients enjoy the flexibility of the lowest monthly payments. Most people don’t keep their home loan for 30 years, however they choose a 30 year term because of the attractive payment.

Q?

Can I re-finance an existing collector car loan?

A.

Yes. We will re-finance an existing car loan or a purchase that has been made within the last 90 days.

Q?

Do I have to insure the car?

A.

Yes. You will be required to insure the car for its full replacement value.

Q?

Will I need to register and title the car?

A.

Yes. You will be required to register and title the car once you purchase it. If your home state does not issue titles on collector cars we will consider your loan on a case by case basis.

Q?

Does it matter where I buy the car?

A.

No. You can buy your car from a dealer, a private party or ask us about pre-approvals for auction purchases.

Q?

What are your rates and terms?

A.

We offer simple interest loans with competitive fixed rates and terms up to 12 years. The interest rate and term will depend on the amount financed and the individual’s credit worthiness.

Q?

What types of cars will you finance?

A.

Eligible vehicles are collector cars at least 25 years old and most late model exotics (ie. Ferrari, Lamborghini, Maserati, Bentley, Rolls-Royce, Aston Martin, etc.) and Specialty vehicles such as any model year Corvette or Porsche with the exception of the Boxster or Cayenne. If you’re not sure if the car you’re dreaming of is something that we will do, please do not hesitate to call us at 800-717-5180

Q?

Who is Woodside Credit?

A.

Woodside Credit is a collector car finance company dedicated to serving the needs of collector car buyers nationwide. For over a decade Woodside has been the industry leader in delivering personalized, professional service and the LOWEST monthly payments.