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The Increasing Value of Collector Vehicles

There’s no denying the increasing value of exotic vehicles. With the most expensive vehicle recently sold for an eye-watering $142 million, a record beat by over $95 million, there’s more interest than ever in collector cars. After a relatively linear increase in car values over the past decade, the pandemic took it up a notch, and now vehicle values are higher than ever. With this increasing trend in value, how did the collector car market get to this spot, and will it continue this momentum?

To answer the questions above, it’s essential to look at what has happened more broadly over the past two years. COVID-19 and its lifestyle have greatly sparked an interest in collector cars for a few crucial reasons. Consumers wanted to travel safely and freely, they spent more time at home, and many had fewer expenses over their previous lifestyles, having more cash in hand. Like the rest of the economy during the start of the pandemic, it was uncertain what would happen to car values, but concerns quickly changed to rising prices. Stimulus money and PPP loans could also be a factor, given the additional money in the economy. From a new vehicle perspective, the chip shortage could also drive collector car prices, given there are fewer new vehicles available to compete with. All these forces made collector cars’ values increase at an even higher rate than the average yearly rate of 10 percent.

Many outside the car world may wonder or may not see the immediate value of collector cars. With many pouring money into restorations of vehicles, the maintenance and upkeep of classic vehicles can be high. Still, for some investors, vehicles can be a unique portfolio asset that can increase at rates above the markets. From vintage Japanese sports cars to American muscle, specific vehicle types continue to rise in value even more quickly than others. Beyond the value, owning an exotic car can be worth it to an investor for various reasons. From exclusivity to aesthetics and history to power, there’s a variety of characteristics that may make one vehicle appreciate more than another.

 Will Collector Vehicles Continue to Increase in Value?

There’s a variety of factors to see if collector vehicles will continue to increase in value. In short, it isn’t very easy. Here are a few important angles that are impacting the collector car market both positively and not-so-positively:

  • Car Market has Historically Followed Market Changes: Historically, the car market has followed and had exaggerated trends around the economy. So when the economy is hot, the collector car market is scorching. When the market is down, so are car values. Although this has been the trend historically, the other factors below are playing a more significant role than ever.
  • Car Collectors Are Getting Younger: Much like the housing market where millennials now make up 43% of home buyers, millennials and gen Z are the fastest-growing groups of car collectors. This means there’s more competition than ever, which is why 80s and 90s vehicles are becoming more popular.
  • Inventory Continues to Be a Challenge: New car inventory continues to pressure other parts of the market, including collector cars. Another layer is automaker’s focus on EVs, which may keep internal combustion vehicles in short supply.

Woodside Credit has been serving clients with low monthly payments for 20 years, and with this experience, we have operated through ups and downs in the economy. Although we wish we had a crystal ball to know the future, trust our expertise in navigating your collector vehicle purchase. Get a quick quote today.

 

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Underappreciated Classic and Exotic Vehicles

Car values continue to climb in the auto world, and certain models are skyrocketing at an even quicker pace. Models like the Porsche 911 are driving the trend to higher prices, but there are many vehicles missing the appeal buyers are looking for today. See below for our top picks for underappreciated vehicles and why they’re worth considering.

2005 Lotus Elise

lotus elise

Estimated Payment $527*

Average Sale Price $45,000

The Lotus Elise came to the US market in the early 2000s with a formula based mainly on smaller sports cars like the Mazda Miata. It was more potent and exciting with a more performance-focused goal and an aluminum chassis. Maintenance on the Elise is relatively inexpensive with its Toyota-sourced engine, but repairs can be costly due to its fiberglass design and rarity.

*Monthly payment of $526.68 based on a purchase price of $45,000.00 with 7.27% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1989 Chevrolet Corvette

chevrolet corvette

Estimated Payment $289*

Average Sale Price $20,000

The Corvette nameplate has undergone many evolutions through its eight generations. The C4 generation is the quintessential 80s vehicle. Like many 80s vehicles, they haven’t been appreciated the same way as older model vehicles, but that trend is changing. While GM continued to make changes on the generation, by 1989, it was fitted with a new transmission and other improvements making it a real competitor.

*Monthly payment of $289.00 based on a purchase price of $20,000.00 with 8.93% APR financing for 84 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1992 Acura NSX

1992 acura nsx

Estimated Payment $688*

Average Sale Price $70,000

This mid-engine, rear-wheel-drive sportscar came to the market with a lightweight aluminum body, intending to exceed the performance of Ferraris at the time. It beat the Ferrari at its own game from the get-go but never quite caught up to the volume or brand presence. Today there is a good selection of NSXs available and make a good case with legendary Honda reliability.

*Monthly payment of $687.74 based on a purchase price of $70,000.00 with 6.90% APR financing for 120 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1973 Datsun 240Z

1973 Datsun 240z

Estimated Payment $496*

Average Sale Price $40,000

Inspiring the design language in the latest Nissan Z, the 240Z was an initial success with sleek styling, modern engineering, relatively low price, and impressive performance. Get your hands on one ready for restoration under $15k, or see top-of-the-line restorations with pricing climbing close to six figures.

*Monthly payment of $496.02 based on a purchase price of $40,000.00 with 7.29% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1975 Porsche 914

1975 porsche 914

Estimated Payment $521*

Average Sale Price $42,000

The 914 has the reputation as the 911’s not-as-good stepbrother. Having been designed and engineered with Volkswagen, it was perceived to be a watered-down version of what enthusiasts had come to expect from Porsche. It’s proven to be a well-balanced, relatively spacious, and albeit slow, it has been going up in value alongside its other Porsche brethren.

*Monthly payment of $520.55 based on a purchase price of $42,000.00 with 7.28% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1987 Buick Grand National

1987 Buick Grand National

Estimated Payment $557*

Average Sale Price $45,000

Sometimes referred to as the Ultimate 1980s muscle car, it was comfortable and packed up a punch credited to a partnership with McLaren Performance Technologies. With a zero to 60 time in under 5 seconds, its turbo engine made other vehicles at the time seem archaic. Fandom is starting to grow, but it’s still a great deal on a McLaren tuned machine.

*Monthly payment of $557.35 based on a purchase price of $45,000.00 with 7.26% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1968 Mercury Cougar

1968 mercury cougar

Estimated Payment $373*

Average Sale Price - $30,000

Debuting as a rebadged version of the Mustang, the Mercury Cougar was a strong seller thanks to its more luxurious features and design. The GT-E Cougar was built with the 428 Cobra Jet engine making it known to be the rarest Cougar of all time.

*Monthly payment of $373.36 based on a purchase price of $30,000.00 with 7.39% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

1995 Mazda RX-7

1995 Mazda RX-7

Estimated Payment $446*

Average Sale Price - $38,000

The third-generation RX-7 was part of the golden age of the Japanese sports car. With its rotary engine and wishbone suspension with aluminum components, it was perfectly balanced, making it fun and fast. With its relatively low price at the time, the RX-7 can be found today for a steal, so long as the very 90s style suits you.

*Monthly payment of $445.59 based on a purchase price of $38,000.00 with 7.32% APR financing for 96 months. Rates and terms are subject to change. TT&L may also be financed. Not all applicants will qualify.

Ready to get into your next collector vehicle? Start with a quick quote.

It’s hard to argue the late 60s and early 70s were the heyday for the muscle car. Designed for power and straight-line speed, the muscle car is an inexpensive, rear-wheel-drive machine built for racing light-to-light. Not to confuse pony cars, muscle cars were known for their enormous snorting V8s, bulletproof construction, and cheap parts.

1964 Pontiac GTO 389 Tri-Power

Estimated Payment: $668/month

pontiac gto

With iconic styling, muscular presence, and the triple carburetor engine, this original GTO is often referred to as the first American muscle car.  With a 0-60 MPH time a full second faster than a regular GTO, it was the pinnacle of high-performance and low cost.

Sale Price $65,000. Monthly payment of $668 based on a loan amount of $58,795, 10% down, and 6.61% APR financing for 120 months.

1969 Ford Mustang Boss 429

Estimated Payment: $1,581/month

One of the rarest and most desirable muscle cars today, with completely restored versions going for over 300k in today’s market, the Mustang Boss remains one of the most important muscle cars of its time. The variant was launched for Ford's new motorsports endeavors. It’s one of the most revered American engines and a total of 1356 were built.

Sale Price $175,000. Monthly payment of $1,581 based on a loan amount of $157,795, 10% down, and 6.53% APR financing for 144 months.

1969 Dodge Charger Daytona 426 Hemi

Estimated Payment: $1,396/month

1969 Dodge Charger Daytona 426 Hemi

Featuring a nose-cone up front where the grill typically is and a giant stabilizer wing on the rear deck, this is one muscle car built for speed. Created for NASCAR, this vehicle won many races and was a success for Dodge.

Sale Price $200,000. Monthly payment of $1,396 based on a loan amount of $160,295, 20% down, and 6.53% APR financing for 180 months.

1969 Chevy Camaro ZL-1 427

Estimated Payment: N/A

1969 Chevy Camaro ZL-1 427

The engine is what made the ZL-1 so special, with open-chamber aluminum heads and a forged crank, the design made the front end of the vehicle much lighter than competitors. Only 69 were built and today they are considered very special and rare, with examples easily heading into the 7-figure range.

 

1969 Chevy Camaro Yenko 427

Estimated payment: N/A

1969 Chevy Camaro Yenko 427

One of (if not the most) desirable of big-block Camaros is the Yenko 427. Named after Don Yenko who modified an array of Chevy’s muscle cars, the main difference from the ZL-1 was the route in which it was modified. Both however pack the aluminum engine punch which makes both vehicles valuable today.

 

1970 Plymouth Superbird 426 Hemi

Estimated payment: $3,487/month

Plymouth superbird

With the Charger Daytona being the sibling of the Superbird, they share some of the modifications, but the Superbird happens to be a bit less aerodynamic. Nonetheless, the Superbird carried over the impressive Hemi engine and was more available given over 700 were produced.

Sale Price $500,000. Monthly payment of $3,487 based on a loan amount of $400,295, 20% down, and 6.51% APR financing for 180 months.

1970 Chevy Chevelle LS6 454

Estimated payment: $905/month

1970 Chevy Chevelle LS6 454

Coined King of the Streets due to its 450 horsepower and 500 lb.-ft of torque, the vehicle had the biggest engine Chevy ever placed in a passenger car. Its top-of-the-line engine was matched with all the options, making the around 4,000 versions produced expensive at the time (and extremely valuable today).

Sale Price $100,000. Monthly payment of $905 based on a loan amount of $90,295.00, 20% down, and 6.56% APR financing for 144 months.

1970 Dodge Challenger 426 Hemi

Estimated Payment: $1,766/month

Built around a big-block Hemi, with the smaller architecture, the body was developed to compete more closely with the Mustang and Camaro of its time. The V8 delivered over 425 horsepower and offered both a 4-speed manual and automatic.

Sale Price $220,000. Monthly payment of $1,766 based on a loan amount of $176,295, 20% down, and 6.53% APR financing for 144 months.

1970 Plymouth Cuda 426 Hemi

Estimated payment: $2,964/month

1970 Plymouth Cuda 426 Hemi

The Cuda was newly redesigned for the ’70 model year and shared the same platform as its Dodge counterpart. Characterized by being slightly shorter and its large, split front grille, this generation was the push from being an economy pony to a full-on muscle car. The ‘Cuda’ signifies the larger engine over the more mainstream Barracudas.

Sale Price $425,000. Monthly payment of $2,964 based on a loan amount of $340,000, 20% down, and 6.51% APR financing for 180 months.

1970 Buick GSX Stage 1 455

Estimated payment: $1,356

1970 buick GSX

The GSX Stage 1 was Buick’s answer to the booming muscle car market. With the brand positioned slightly higher than Chevy, the vehicle had less in-your-face style but still packed over 510 lb. ft of torque, making it one of the biggest engines over competitors.

Sale Price $150,000. Monthly payment of $1,356 based on a loan amount of $135,295, 10% down, and 6.54% APR financing for 144 months.

Ready to shop for your next muscle car? See the low Woodside Credit payment in action on sites like classiccars.com or hemmings. Did you find a ride you like? Get a quick quote to estimate the Woodside low monthly payment.

The Porsche 911 is of the most iconic sportscars from the past decades, and today it remains an icon for its legendary performance, brand name, and artful driving dynamics. As one of our most popular vehicles to finance, Woodside Credit has spent much quality time understanding the nuances of each version and generation of this iconic vehicle. The 911 continues to climb in value at a rate higher than most other classics and exotics—many model years have crept into the 6, even 7 figure range. Here are our picks for the best Porsche 911s of all time (with estimated payments included).

 

1973-Porsche-Carrera-RS.

1973 Porsche Carrera RS

Estimated Payment $5,579/month

The '73 Carrera RS was Porsche's first time making an even better 'S' version of the 911. Focused on engineering a lighter, more powerful, better-balanced version of the original made this Porsche even more competitive at the time. Today the extremely rare RS fetches some impressive figures and is beloved by some of the wealthiest people in the world.

Sale Price $800,000. Monthly payment of $5,579 based on a loan amount of $640,395, 20% down, and 6.51% APR financing for 180 months.

 

1976-Porsche-911-Turbo

1976 Porsche 911 Turbo (930)

Estimated Payment $771/month

This is the first year of the 911 Turbos. With race-series being 'production-based,' it was important for Porsche to market this vehicle to consumers to meet homologation regulations. Therefore, upon its introduction, the model built upon the Carrera RS's success and was the fastest production vehicle available in Germany. With 256 horsepower, a revised suspension, larger brakes, and a more robust gearbox, the 930 was an enthusiasts' dream. However, with quick specs, the vehicle was also a bit demanding to drive, and due to the rear engine layout, it was prone to oversteer.

Sale Price $75,000. Monthly payment of $771 based on a loan amount of $67,895, 10% down, and 6.54% APR financing for 120 months.

 

porsche 911

1991 Porsche RS 3.8 (964)

Estimated Payment $5,666/month

In 1989 Porsche entered a more modern age with the '91 version of the 911 and kept much of its racing heritage. With New styling revisions, integrated bumpers, auto transmissions, and all-wheel drive options, the model expanded the purpose of the 911, and the RS version remained the racing-focused version. The RS 3.8 was over 200 pounds lighter and had a more aggressive engine, making it the meanest Porsche to purchase at the time. Forty-five units were sold in the US under the "Carrera Cup US Edition."

Sale Price $1,300,000. Monthly payment of $5,666 based on a loan amount of $650,395, 50% down, and 6.51% APR financing for 180 months.

 

1995-Porsche-911-Turbo-GT2

1995 Porsche 911 Turbo GT2

Estimated Payment $4,795/month

With only 57 examples produced, the 911 GT2 was yet another impressive improvement over the previous generations. With an air-cooled engine making 430 horsepower via a six-speed manual transmission, this was the fastest model to date. Featuring weight savings items like the pull strap door handles, this vehicle prioritized performance and speed.

Sale Price $1,100,000. Monthly payment of $4,795 based on a loan amount of $550,395, 50% down, and 6.51% APR financing for 180 months.

 

1997-Porsche-Turbo-S-993

1997 Porsche Turbo S (993)

Estimated Payment $1,781/month

Every part was designed from the ground up, and a mere 20% of its parts were carried over from previous generations. More importantly, it makes the very last year of the twin-turbo air-cooled engines. Porsche took the opportunity to make significant-tech and visual advances, including a new wishbone suspension that gave previous models oversteer. The Turbo S was manufactured by the Porsche Exclusive department. A power upgrade of 450 horsepower and many extras, including carbon fiber inserts in the interior, gave this vehicle impressive performance.

Sale Price $255,000. Monthly payment of $1,781 based on a loan amount of $204,395, 20% down, and 6.53% APR financing for 180 months.

2011-Porsche-GT3-RS-4.0

2011 Porsche GT3 RS 4.0

Estimated Payment $2,338/month

Often called the ultimate RS, this collector vehicle was one of the last times Porsche used the legendary Mezger flat-six--a 500 horsepower naturally aspirated engine. Limited to 600 units, it was the leading track version and kept various weight-saving options that Porsche pioneered throughout the years. With most examples initially selling above $200,000, the value of these cars continues to climb, with some models selling for $750,000.

Sale Price $255,000. Monthly payment of $2,338 based on a loan amount of $268,395, 20% down, and 6.52% APR financing for 180 months.

2019-Porsche-GT2-RS

2019 Porsche GT2 RS

Estimated Payment $3,836/month

Take everything Porsche learned about racing and performance in the past decades and narrow it down to one vehicle—here you have the GT2 RS. Blowing away auto enthusiasts and writers upon its entry in 2019, the GT2 RS became a favorite with its blistering speed, sensational steering, massive grip, and ultimate poise. It's officially the fastest 911 with a 0-60 of 2.7 seconds, and its 700 horsepower is nearly 3x as powerful as the originals.

Sale Price $550,000. Monthly payment of $3,836 based on a loan amount of $440,395, 20% down, and 6.51% APR financing for 180 months.

With nearly 60 years of the 911, it's no surprise the nameplate wins over more and more fans (and customers) every year. So which ones are your favorite? Let us know if there's any we missed. Are you looking to take a 911 home? Let our quick quote help you determine the Woodside Low Monthly payment.

 

The Best Classic Cars for the Holidays

‘Tis the season for a new classic this holiday!  During the winter months, more and more capable classics are being purchased, ones that are not only reserved for the summer months. While 4-wheel drive vehicles were largely reserved for SUVs and off-roaders, there’s a variety of vehicles that are snow-ready. See our picks for the hottest classics this winter season.

1988 Land Rover Defender 90

land rover defender financing

$822/Month

World-renowned for off-road capability, the Land Rover Defender is a legendary British all-terrain vehicle. The original model was sold up until 1997 after which safety regulations prohibited its sale in North America. It has iconic off-road looks and is recognized worldwide. The 90 in the model’s name refers to the length of the vehicle and is the shorter 2-door option. With more demand than ever and high-end restorations can mean sales prices well into 6 figures. You can still pick up a nicely restored version under 100k, but chances are it’ll sell quickly.

Sale Price example: $80,000. Monthly payment of $822.03 based on a loan amount of $72,395, 10% down, and 6.62% APR financing for 120 months.

1990 Porsche 911 Carrera 4 Coupe AWD (964)

classic 911 financing

$951/Month

The 911 Carrera 4 was the first AWD coupe from Porsche and was hailed for its technologically advanced powertrain. Going from a rear-wheel-drive platform like the other 911s at the time offered even better handling and less slip for snowy conditions. Still iconic to this day, great performance and great handling make this vehicle very desirable. With prices surging over the past year, most good condition examples go well above $100k.

Sale Price example: $105,000. Monthly payment of $950.77 based on a loan amount of $94,895, 10% down, and 6.58% APR financing for 144 months.

1971 Ford Bronco

classic ford bronco financing

$515/Month

There’s been much buzz in the Bronco world with the latest 2022 Ford Bronco. It has resurrected brand have made the early generations of the Bronco are cooler than ever. With its convertible top, it’s built for iconic California holidays where beaches are more common than snow.  Also extremely capable, this vehicle does hold its own in cold weather climates. The first generation continues to be the most desirable albeit smaller than the generations that came after it. The Bronco remains one of the most iconic American SUVs.

Sale Price example: $50,000. Monthly payment of $515.45 based on a loan amount of $45,395, 10% down, and 6.70% APR financing for 120 months.

1990 Jeep Grand Wagoneer

Classic jeep grand wagoneer financing

$515/Month

Another American classic that has been remade recently is the Jeep Grand Wagoneer. With chrome finishes, wood grain on the doors, and an iconic leather interior, the Jeep Grand Wagoneer still shines today. It was an instant classic with luxury features and distinctive design becoming symbolic of the American dream.  It was the go-to vehicle for the suburbs and to shlep the family around safely during the winters. Although prices have climbed recently, there’s a burgeoning market for the Grand Wagoneer and many companies restoring them.

Sale Price example: $50,000. Monthly payment of $515.45 based on a loan amount of $45,395, 10% down, and 6.70% APR financing for 120 months.

1983 AMC Eagle

classic AM Eagle

$380/Month

Probably the most iconic off-roader, the Toyota Land Cruiser has been around since the 1950s. The 1980’s Land Cruiser grew much bigger, becoming full size and still packed amazing off-roading capability. Today, off-roaders still love the 60 series for its reliability and go-anywhere capability. If you’re going on a snowy off-road trail, this is the best. Pricing seems like a good value still, but many customized versions for off-roading can cost a pretty penny.

Sale Price example: $30,000. Monthly payment of $380.35  based on a loan amount of $27,395, 10% down, and 7.9% APR financing for 96 months.

1985 Ferrari 288 GTO

$6,972/Month

So, let’s be real, the Ferrari 288 GTO doesn’t necessarily do well in the snow, but it does everything else phenomenally. It’s one of the most desired Ferraris of all time and amongst the rarest. It was notably successful as a racing car homologated for GT sports car racing in the golden era. If you’re in the market for a high-value collectible, there’s nothing like having a red Ferrari in your driveway this holiday season.

Sale Price example: $1,600,000. Monthly payment of $6,972.30 based on a loan amount of $800,395, 50% down, and 6.51% APR financing for 180 months.

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With many sellers in one place, auctions can be home to a variety of vehicles making it an excellent place for buyers to find that special vehicle. Many people assume they cannot finance a car at an auction, but Woodside Credit has pioneered a decade-long relationship with Barrett-Jackson, the World’s Greatest Collector Car Auctions. With four auctions every year, representing hundreds of millions of dollars in sales, Woodside Credit has the experience to get you to the bidding block to secure the collector car of your dreams. Thinking about financing a car at an auction? Keep these tips in mind:

Do your Due Diligence on the Classic Car Auction

Every auction has its own set of rules for participating, so ensure you know the rules and deadlines for participation. Barrett-Jackson makes it easy to understand bidding as well as financing with Woodside Credit. Always at or next to the Bidders’ Office, Woodside Credit is on-site and ready to assist with any purchases made from a borrower.

Determine the Potential Costs and What You Can Afford

Many times the cars up for auction will be listed online before the event. It is a great spot to pick your favorites and determine which vehicles interest you. Using industry tools like NADAguides or Woodside’s payment calculator will help you determine how much a vehicle could sell for, and how much it will cost you monthly. Do your homework in determining how much you can afford and ensure your dream car fits within that budget.

Get Pre-Approved Before the Auction

A pre-approval allows you to go to an auction and confidently bid on a vehicle up to a specified amount. If attending Barrett-Jackson, Woodside Credit can get you pre-approved over the phone or online. You select the amount of the pre-approval, allowing the flexibility to bid up to that amount--regardless of whether you bid in person, over the phone, or online.

Be Timely with Loan Documents

After your purchase, Woodside gets to work to generate your loan documents, which can be signed electronically or in-person at Barrett-Jackson.

With our auction expertise through Barrett-Jackson, let us help you bid on your dream car. We are happy to serve you at Barrett-Jackson’s biggest auction in January in Scottsdale, Arizona. Get pre-approved before the auction.

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With a more competitive market than ever, use these tips to help find your next ride.

We’re familiar with the used car market—since March 2020, used car prices are up nearly 40%. This increase not only affects daily driver vehicles but also classic and exotics. With demand continuing to soar as well, it is no secret finding another dream vehicle (at a dream price) takes more time than ever.

What is a good place to find older cars for sale?

  • Dealerships – Article headlines have told us dealership lots are empty, but dealerships still have an inventory (and often have new inventory arriving every week)—even if vehicles are staying on lots for much shorter periods of time. Stay on top of new inventory at dealers by learning how dealerships promote new inventory--and build relationships with dealer representatives that can keep you up to date. Dealerships like EuroCar have a VIP List, which is an email alerting you about new vehicles in inventory. Look for other email lists you can subscribe to, ensuring the latest vehicles show up in your inbox.
  • Private Party – Private party sales continue to be a great place to find deals on used rides. Although many community bulletin boards no longer have vehicles for sale (or no longer exist), online is the place to look. Facebook marketplace and craigslist are chock full of both fully restored classics and scrappy classics needing some love. Other classified sites and resources local to your area may also be available to find unique rides.
  • Auctions – Auctions like Barrett-Jackson are the center of collector car culture. Barrett-Jackson’s largest auction is happening in Scottsdale on January 22-30th 2022. With hundreds of the most desirable classics, you can see the select preview on their website. If you do plan on bidding at Barrett-Jackson, learn about getting pre-approved with Woodside Credit.
  • Publications and Auto Networks – From Hemmings to Autotrader Classics, some of the most incredible used cars can be found through these sites. Many dealers advertise across these types of platforms, making it a great place to search a wide selection of vehicles all at once. These sites also have tools to receive alerts when a particular classic becomes available for sale.

No matter where you buy, buy with Woodside Credit. Our loan programs are purpose-built with the collector in mind. Whether you buy at a dealership or private party, auction or publication, put the lowest monthly payments in America work for you. Contact us today.

 

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Cadillac is synonymous with American luxury. For the past 100 years, the automaker has built a reputation for big, beautiful vehicles with iconic designs. With major success and some setbacks over the decades, here are some of the vehicles that defined the brand.

1930s cadillac v16

1930 Cadillac V16

Estimated Monthly Payment: $2,268.32

Launched for the 1930 model year and the first V16 powered car on the market, the Cadillac turned heads with its innovation and looks. Cadillac was synonymous with refinement, expense, and exclusivity. Just over 4000 were produced during its 11-year run, with most built before the great depression took a stronghold. With the onset of WWII later in the decade, the Cadillac V16 experienced a slow demise before being replaced.

Sale Price example: $325,000. Monthly payment of $2,268.32 based on a loan amount of $260,395, 20% down, and 6.52% APR financing for 180 months.

1948 Cadillac Series 62 Coupe

1948 Cadillac Series 62 Coupe

Estimated Monthly Payment: $985.03

The first new postwar Cadillacs arrived in 1948, ushering in new designs and tailfins inspired by fighter planes. Selling over 34,000 units its first year, it made up most of the sales at the time. A sedan and convertible coupe were also available with prices starting below $3,000. Today, it’ll cost a bit more to drive this iconic piece of postwar history.

Sale Price example: $95,950. Monthly payment of $985.03 based on a loan amount of $86,750, 10% down, and 6.60% APR financing for 120 months.

59 Cadillac Coupe De Ville

1959 Cadillac Coupe De Ville

Estimated Monthly Payment: $801.54

With bullet taillights, wings bigger than ever, and jewel-like grille patterns giving Cadillac a new design direction. A big V8 under the hood made 325 horsepower. The Coupe De Ville of this generation was the hallmark of refinement and design. With over 53,000 De Villes sold in the first year, it was another successful vehicle, accounting for 37% of all Cadillacs sold.

Sale Price example: $77,995. Monthly payment of $801.54 based on a loan amount of $70,590.50, 10% down, and 6.63% APR financing for 120 months

1967 cadillac Eldorado

1967 Cadillac Eldorado

Estimated Monthly Payment: $368.88

With a radical redesign in 1967, the El Dorado ushered in a new look to the 8th generation vehicle. The design was a great departure with crisp styling and more angular, which was well received. Handling and drivability were great for the time, which made it easy for the company to fetch top dollar and increase sales over the previous generation.

Sale Price example: $29,900. Monthly payment of $368.88 based on a loan amount of $27,305, 10% down, and 7.15% APR financing for 96 months.

1979 Cadillac Fleetwood Brougham

1979 Cadillac Fleetwood Brougham

Estimated Monthly Payment: N/A

Manufactured by Cadillac through 1986, the vehicle was the most expensive and the highest level of luxury. The Broughham designation was used to describe the best vehicles Cadillac made, even though weight savings and efficiency took a priority in this design of the vehicle. Although this model was a transition out of the golden years of the company, this was the last remaining vehicle that defined the postwar decades of Cadillac.

1987 Cadillac Allante

1987 Cadillac Allante

Estimated Monthly Payment: N/A

The 80s and 90s were tough years for many carmakers—including Cadillac. The company went in new directions with the hopes of attracting new buyers. The Allante had a body made in Italy by coachbuilder Pininfarina. Completed bodies were flown to Detroit for final assembly where Cadillac supplied the chassis and running gear. The vehicle helped Cadillac maintain a position in the luxury car market. Today there’s still a small following for vehicle largely due to the build from iconic coachbuilder Pininfarina.

1999 Cadillac Escalade

Estimated Monthly Payment: N/A

We view the Escalade today as a halo vehicle from Cadillac and it all started with a rebadged GMC Yukon in 1999. Lincoln at the time had just come out with the successful Navigator, which left Cadillac in a pinch. It sold over 50,000 units in its first generation and was later replaced with an even better model in 2002. A welcomed success after struggles in the 80s and 90s.

2004 cadillac xlr

2004 Cadillac XLR

Estimated Monthly Payment: $550.79

The Cadillac XLR was the excitement the company needed to bring back the competitiveness of the brand. With adaptive suspension, retractable hardtop, adaptive cruise control, and touch screen navigation, it was filled with features and technology. The total package made it nominated for North American Car of the Year in 2004. This vehicle marked a shift in the focus of the brand, and you can drive one home for a relatively great price.

Sale Price example: $47,500. Monthly payment of $550.79 based on a loan amount of $40,770, 15% down, and 7.02% APR financing for 96 months

cts-v wagon

2011 CTS-V Wagon

Estimated Monthly Payment: N/A

The hatchback or station wagon version of the CTS-V was launched in 2010 as a 2011 model year. Based on its sedan sibling, it was fitted with a V8 from the corvette at the time. This was the enthusiast choice from the Cadillac brand largely due to its performance, design, and package. With many fans still around today, the value of the wagon holds strong over the sedan.

ct5-v blackwing

2022 CT5-V Blackwing

Estimated Monthly Payment: N/A

With 650 horsepower and manual transmission, the CTS-V blackwing may be one of the last of its kind before the auto industry races to EVs. It promised a track-ready sports sedan with its supercharged v6. Designed to take on the likes of Mercedes AMG and BMW M product line, the vehicle was an exciting hit when it was announced at the beginning of 2020.

No matter where you buy, buy with Woodside Credit. Our loan programs are purpose-built with the collector in mind. Whether you buy at a dealership or private party, auction or publication, put the lowest monthly payments in America work for you. Contact us today.

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Tips for financing a Classic Car in a Private Party Sale

Have you had apprehension about financing a car in a private sale? Well, you wouldn’t be the first. The lending environment does not always make it as convenient as going to a dealership, especially for classic and exotic vehicles. While unsecured loans are more common in private party sales mostly due to convenience, higher interest rates push many savvy borrowers to look elsewhere.

With a more competitive used auto market than ever before, up 35% more competitive over the same 9 month period last year, it can feel like a sellers’ market. Whether you are looking for that classic Porsche 911, a desirable vintage Bronco, or a red Ferrari, use the below tips for financing a classic car in a private party sale to help navigate the purchase process in the ever-more competitive buying environments.

Find Out if You’re Eligible. Get Pre-Approved.

If you’re like most classic car buyers, it may take months or even years of research to find the perfect vehicle. By taking the first step of determining how much to spend and if credit is available, you’ll know what makes sense to stay financially savvy (it may also help narrow the search). When you do find a vehicle that feels like the right one, it may make sense to get pre-approved. A pre-approval letter may differ from lender to lender but can typically last for at least 30 days. The pre-approval allows you to go to a seller with an offer and confidently show that a lender is willing to extend credit for the deal, allowing you to strike while the iron is hot. Pre-approvals for vehicles are common in the auction space and are becoming more common for private party sales.

Be timely with Loan Documents

Loan documents may be the most overlooked item during the excitement of a purchase. Loans can generally take longer than buying with cash simply because of signatures and documents. Plan for your loan documents and plan for the time it takes to review the documents. The sooner you can review, process, and execute loan documents, the sooner the loan and funding process can be completed. Lenders like Woodside Credit work directly with buyers and sellers to get the documentation that is needed, collect e-signatures and streamline the loan process so that you can get your loan funded quickly.

Find a Lender with Private Party Expertise

While most lenders are okay doing a private party sale, they may lack the expertise to keep all the pieces running efficiently. From working with all parties to having expert knowledge of the type of classic car you are buying, using a lender with private party expertise will help you execute a purchase in a timely manner. Additionally, look for tech options from your lender, like e-sign and virtual inspections. Technology can make a considerable difference in the purchase process and even allow funding to take place on the same-day.

Classic cars continue to rise in value and interest among classic car buyers is at an all-time high. With these three tips, you’ll have some additional expertise to help you find the classic car of your dreams. Ready to find your dream car? Get pre-approved today.

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A Fastest Growing Company in Orange County

Newport Beach, CA, October 11, 2021 — Woodside Credit, offering the lowest monthly payments in America for classic and collector car enthusiasts, ranks as one of the fastest-growing private companies by the Orange County Business Journal. With two-year revenue growth of 62.1%, it pushed the company to over $2 billion in lifetime loan originations. This year, Woodside Credit surpassed 2020’s loan volume in September, putting it on course for yet another year of record growth. The achievement cements Woodside Credit’s continued leadership position in the collectible and exotic car space, as well as the Orange County business community.

“Woodside Credit has exhibited sustained expansion over the past twelve years, and we’re honored to receive this recognition,” said Mitch Shatzen, President and Chief Operating Officer at Woodside Credit. “Our commitment to commonsense lending continues to be received well by borrowers, and our loan program provides an unmatched option to most lending products. It’s the perfect combination to drive us further into the collectible car lending market, a niche we pioneered back in 2003.”

Woodside Credit ranks #15 on The List of Fastest-Growing Midsize Private Companies by the Orange County Business Journal. Nominees are rated on two-year revenue growth from July 2019 to July 2021. Continued month-over-month growth of the portfolio and increasing demand for high-end and classic vehicles has allowed the company to expand and serve the growing market. A combination of unique loan products, excellent customer satisfaction, and a focus on technology has set the company up for success.

Woodside Credit serves its borrowers and dealers in every state through its nationwide footprint and headquarters in Newport Beach, California. The company has a history of deep relationships with industry leaders in the collectible car space that has been instrumental to its success.

View the full ranking in the September 20th, 2021 edition of the Orange County Business Journal. For more information on Woodside Credit, visit Woodside Credit’s website and stay up to date by following Woodside Credit on Facebook.

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About Woodside Credit

With over $2 billion in loans, Woodside Credit is the leader in classic and collector car financing. Established in 2003, the company’s expertise is rooted in providing loans with flexible terms and the lowest monthly payments in America. Woodside Credit is the exclusively endorsed loan provider for Barrett-Jackson and is dedicated to the success of dealerships, automotive networks, and clients nationwide. With terms up to 15 years and loans up to $800,000, the company achieves an unparalleled level of quality and flexibility for clients through its commonsense lending practices. Visit WoodsideCredit.com for more information.

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