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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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The Best Affordable Exotic Cars

As we’ve seen this year, used car prices are at an all-time high, contributing to inflation and higher costs. What does this mean for exotic cars? Almost all are becoming less affordable, but that doesn’t necessarily mean exotic cars are a bad deal. We could even argue that many vehicles are still undervalued. Here are our favorites for the best affordable used exotic cars.

Audi R8 lowest monthly payment

2006 Audi R8

Estimated Monthly Payment: $873.13

The Audi R8 arrived just in time to help the Audi brand expand. It was a runaway success from the get-go for numerous reasons. It was fun to drive but comfortable enough for daily driving. It rode on a Lamborghini platform and had a Lamborghini V10, giving it a real reputation. Above all, it was priced right and had great looks, which made it the perfect halo car for the brand. Today, it is still very much loved and a bit easier to maintain than its Lamborghini counterpart. Prices have shot up but given you can still find a first-generation model under $90,000, it seems to be a steal.

Sale Price example: $90,000. Monthly payment of $873.13 based on a loan amount of $76,895, 15% down, and 6.62% APR financing for 120 months.

 

Porsche 911 Carrera financing

2002 Porsche 911 Carrera

Estimated Monthly Payment: $464.66

Most appreciate the world-renowned driving experience of a Porsche. The 2002 Porsche 911 Carrera was introduced as a far departure from other Porsches—namely the styling, ride, and size. The silver lining was it did many things great, and has earned the nickname of a jack of all trades. These 911s are generally the least expensive ones you can buy (older ones are rarer and thus more expensive, and new ones are even more exclusive and outrageously expensive) A high mileage version will set you back around $30,000, and low mileage pristine version will set you back a cool $70,000. These cars do have some mechanical issues like a need to replace the 02 sensors and burning oil seems to be common.

Sale price example: $40,000. Monthly payment of $464.66 based on a loan amount of $34,395, 15% down, and 7.07% APR financing for 96 months.

 

Lotus Evora Financing

2011 Lotus Evora

Estimated Monthly Payment: $487.06

Long underrated, Lotus has been the king of balanced, fun-to-drive, go-kart-like vehicles. Although folding yourself inside is a challenge for those over 6 feet, you’ll be rewarded with a turbocharged Toyota engine. It’s a unique vehicle and a great value, but not always the most comfortable. (Definitely not on the same scale of daily drivability as the Porsche). Regardless, this vehicle more than earns a spot on the list, and with prices around $40,000 (and up to $60,000), it’s one heck of a deal. Quality and upkeep are generally unknown, but it earns major points with a Toyota-sourced engine.

Sale Price example: $50,000. Monthly payment of $487.06 based on a loan amount of $42,895, 15% down, and 6.71% APR financing for 120 months.

 

2003 Chevrolet Corvette z06

Estimated Monthly Payment: $292.42

We love a fast ‘Vette. The fifth-generation Corvette (C5) was produced through 2004 and was the last with pop-up headlights. The Z06 is the performance version with an output of 385 horsepower. This car is the quintessential choice for it is fun, fast, and relatively easy to maintain. With prices in the low $20,000s, it’s a great bargain for those who don’t want to spend much on some excessive horsepower. It is a cheaper alternative to euro sportscars that still tend to be pricier.

Sale price example: $25,000. Monthly payment of $292.42 based on a loan amount of $21,645, 15% down, and 7.26% APR financing for 96 months.

 

lamborghini Gallardo financing

2008 Lamborghini Gallardo

Estimated Monthly Payment: $965.80

The show-stopping Gallardo was introduced as a fresh new direction for the Lamborghini brand. With a smaller, lighter design and more modern look than models before, it was a runaway success and became the brand’s bestseller. Launched in ’04, the vehicle has a V10 engine making around 543 horsepower and taking the vehicle to 60 in less than 4 seconds. Prices on this vehicle are a bit higher than most on the list, with most used models in the $100,000-$150,000 range. If the brand name isn’t a big deal for you, the Audi R8 could save you tens of thousands of dollars.

Sale price example: $120,000. Monthly payment of $965.80 based on a loan amount of $96,395, 20% down, and 6.58% APR financing for 144 months.

 

Maserati Gran Turismo finance

2012 Maserati Gran Turismo

Estimated Monthly Payment: $464.66

The gorgeously designed Maserati Gran Turismo was built for epic rides along winding roads. With the sound of a Ferrari V8 and the Italian stitched leather, the vehicle is full of craftsmanship and attention to detail. Although others on the list may have it beat from a performance perspective, it is all-around a great competitor. You can snag a Gran Turismo at a low of $40,000. Some downsides are it guzzles gas and is tough to maintain.

Sale price example: $40,000. Monthly payment of $464.66 based on a loan amount of $34,395, 15% down, and 7.07% APR financing for 96 months.

 

Bentley continental GT financing

2006 Bentley Continental GT

Estimated Monthly Payment: $349.83

This is a big, comfortable two-door coupe with an awesome V12 engine. It was introduced after the brand was acquired by Volkswagen and was one of the first Bentleys to be manufactured in larger volumes. The downside is these vehicles are generally not reliable and deep depreciation has made these vehicles cheap. If you have a trusted mechanic for Bentleys, this model could suit you well. With prices starting at $30,000 to around $50,000 for a well-maintained model, these are truly a steal.

Sale price example: $30,000. Monthly payment of $349.83 based on a loan amount of $25,895, 15% down, and 7.17% APR financing for 96 months.

 

Dodge Viper financing

2000 Dodge Viper RT/10

Estimated Monthly Payment: $535.32

With a reputation for being venomous and dangerous, the Viper is a classic American sports car. There’s been a sudden interest in these vehicles, especially in the more recent versions. Second-generation model prices have also been creeping up but at a more stable pace. With a powerful V10 and a classic 90s design, it’s a great vehicle with above-average reliability. Pricing today is about $50,000 with higher-end models in the $80,000 ballpark.

Sale price example: $55,000. Monthly payment of $535.32 based on a loan amount of $47,145, 15% down, and 6.69% APR financing for 120 months.

 

Ferrari 360 financing

2001 Ferrari 360 Moderna

Estimated Monthly Payment: $873.13

The Ferrari 360 was state-of-the-art when new and featured an all-aluminum frame and a stiffer body. The style differed from other Ferraris at the time with its stationary lights and more flowing design. With 395 horsepower and a mid-engine design, the 360 shoots 0-60 in a brisk 4.5 seconds. The vehicle also comes in a spider (convertible variant) and Challenge Stradale (high performance). Current prices are around $80,000 to $120,000 making it a great deal for a Ferrari vehicle, but still a bit higher than some contenders on this list.

Sales price example: $90,000. Monthly payment of $873.13 based on a loan amount of $76,895, 15% down, and 6.62% APR financing for 120 months.

Ready to learn more about Woodside? Let us help you navigate the exotic or classic car world. As the dedicated loan provider for Barrett-Jackson our knowledge runs deep.

 

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Common Types of Classic and Collector Car Financing

Whether you just found the classic car of your dreams or are laying the foundation to purchase the collector car you’ve been eyeing, do not forget to research financing options. With a variety of different lending products in the marketplace, take your time to determine what option is best for you. Here’s the list of five different types with pros and cons.

Hobby Specific Financing (Classic Car Loans)

This type of financing is purpose-built for antique, classic, or collector cars. Lenders who specialize in these types of vehicles understand them better than a typical bank and therefore can put together a loan with more favorable terms than you would get elsewhere. Monthly payments are frequently low with low-interest rates and generous terms. Loans are secured auto loans and are usually fixed simple interest.

Woodside Credit falls into this category. Woodside is solely focused on classic, collector, and exotic loans. Strength comes from expert knowledge and understanding the true values of the vehicles, allowing for unmatched loan products.

Personal Loans

For lenders without hobby-specific financing, many offer unsecured personal loans in place of classic car loans. Loan amounts vary but are typically capped well below hobby-specific financing. This loan type lacks any sort of collateral and tends to exceed the prime rate. This choice has the upside of being convenient, but be cautious of high-interest rates, short terms, and loan risk.

Home Equity Loans

Low (and sometimes variable) interest rates for mortgages and the tax-deductible nature are why some opt for home equity loans. Disclaimer: Consult your tax advisor to confirm before going this route. There are big risks associated with home equity loans, so ensure you do your due diligence when choosing this route.

Local Banks

Many people have great relationships with their banks and often start there. Local banks tend to not differentiate between a typical used car and a collector car. This can mean a shorter loan term (up to 36 months), high-interest rates, and limitations to the age of the vehicle (most will not finance cars that are more than 10 years old). Additionally, the valuation of the vehicle can prove difficult in these situations as classic car values can be determined differently than used cars.

Leasing

Leasing is attractive for its low monthly payment. As you can see in this comparison though, it does not always achieve that. Some leases are close-ended or open-ended, so ensure the agreement you sign makes sense for the duration of the lease and what you want to do afterward. Additionally, be cautious about balloon loans, which could lead to a large payment in the end. Keep in mind you do not own the car in a lease.

Ready to learn more about Woodside? Let us help you navigate the classic car world. As the dedicated loan provider for Barrett-Jackson, our classic car knowledge runs deep.

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Reinvented Iconic Classic and Exotic Cars

Most automakers are brilliant marketers. Many bring new cars to market with identities from the past, marrying heritage and familiarity to modernness and convenience. In the early 2000s, the auto industry saw its first large-scale trend of bringing retro and classic design cues, alongside familiar nameplates into their lineups. Some automakers were wildly successful like the reimagined Volkswagen New Beetle, some mediocre like the compact Chrysler PT Cruiser, and some a downright failure like the 2003 Ford Thunderbird. Some do not follow the trend and automakers like Ferrari start with a fresh slate every time, making it the exception to reinventing classics.

Retro and classic looks have become part of the very formula of many cars today, and hint at the history of a vehicle in a variety of mind-boggling ways. Here’s our list of the top 10 classic and exotics cars being reinvented.

Lamborghini Countach

lamborghini finance

The original Countach was a mid-engine, rear-wheel sports car produced from 1974 to 1990. Its classic ‘wedge’ supercar shape was designed by Italian design house Pertone. It broke the Lamborghini’s tradition of bull names and was a sleek and modern departure at the time. The latest retro-styled Countach made headways when it was unveiled at Monterrey Car Week in August. With a small production run and packing a punch of over 800 hp with a V12 and electric motor, the 2022 Lamborghini Countach LPI 800-4 hybrid supercar is rumored to be already sold out. With strikingly similar design cues including lights, air vents, and hood, we’re excited to see this Countach in the real world.

Chevrolet Corvette Stingray

Corvette financing

With eight design generations and over 60 years of production, the Chevrolet Corvette is synonymous with the American Dream. The latest version of the corvette is a US-built sportscar with a big V8 and yet a low starting price. The design was heavily influenced by the late 1960’s Corvette Stingray, which itself was known for a more mean and muscular appearance over the previous generation. The purposeful lines drew heavy inspiration for the latest model and performance was taken a step further with a mid-engine layout.  The latest model is so popular the vehicle continues to be in short supply and sales prices are regularly over MSRP.

Hummer H1 to GMC Hummer EV

hummer financing

The Hummer was the meanest, toughest vehicle when a civilian version went on sale in 1992 by AM General. After spending a few years under GM’s Hummer Brand, the vehicles had an uncertain and sad demise during the great recession. Hummer is making an appearance again as two models under its GMC brand. An electric SUV and truck variants have launched and early versions are selling at eye-watering numbers. The new hummer takes the full-sized shape, classic wheel arches, and weight of the original H1 and adds a giant battery. The new Hummer is an entry into the category of electric trucks, which is already getting tight with upcoming vehicles like Rivian RT1, Ford F150 Lightning, and Tesla Cybertruck.

Tesla Roadster

telsa financing

Tesla delivered its first Roadster in February 2008 to product architect Elon Musk. At the time, the Silicon Valley startup offered an electric sportscar with a range of over 244 miles (but keep in mind, no power steering was offered in this original hi-tech tesla). Over twelve years later Tesla has made a name for itself as the pioneer in electric vehicles and is now the highest valued automaker, thus it’s only fitting they bring back the Roadster with gut-punching stats. When it launches (with no definite timeline in sight), it could be the fastest production vehicle. Also rumored are rocket thrusters for the new roadster, with expectations to hit 0-60 in 1.1 seconds.  The design is deep evolution of the original, which was designed on a Lotus platform.

Aston Martin Vanquish

aston martin finance

The first generation Vanquish arrived on our shores in 2001 as the flagship. It came with a V12, featuring carbon fiber and alloy construction, making it a strong competitor at the time of its introduction. Originally designed by Ian Callum, the vehicle made a splash as a mix of contemporary and classic Aston martin heritage. Now eyeing its third generation, the upcoming Vanquish is more of a supercar than ever. Slated to arrive in the US in 2022 (or later), the new Vanquish will arrive as the company’s first hybrid powertrain. The new generation does take flowy design cues from the original but rocks a mid-engine body for better handling.

Ford GT40 to GT

ford gt finance

The 1960s Ford GT40 was launched by the company to win long-distance sports car races against Ferrari, which was the reigning champion for years. The GT40 broke Ferrari’s streak in 1966 and elbowed its way to winning the next three races. In 2004, Ford released the GT40 with inspiration from the original racecar, and as a follow-up, released the Ford GT in 2018 to pay homage to the 40. This lineage carries the DNA in both speed, endurance, and design from the original racecar. The latest Ford GT features carbon fiber and aluminum structure, impressive horsepower from a surprising V6, and engineering excellence, making it a great supercar today.

Ford Mustang to Shelby GT 500

mustang finance

Like much of the automotive world, there’s always a conversation around the Ford Mustang. The first-generation fan-favorite Mustang leads its segment and is still one of the most sought-after classics because of the combination of groundbreaking design, performance, and youthful excitement of the personal sportscar. Design cues from the original mustang took a stronghold in the retro-style of the 2005 Ford Mustang GT. At the time, the vehicle sparked much of the early 2000s trend of retro design. Today, the top-of-the-line Shelby GT 500 shared much of the retro DNA, alongside the latest in performance innovation including carbon fiber, nearly 500 horsepower, and 10-speed auto transmission. (a manual is still an option).

Datsun 240Z to Nissan Z

nissan z financing

It’s easy to spot the similarities between the new Nissan Z and the original Datsun 240Z sports car. With its rectangular grille, LEDs in the classic circular shape, and a very 80s rear, it’s a great combination of retro-inspired and modern design. The new Nissan Z has taken the auto world by storm, but rumors have it that it was one of the culprits in Nissan’s unstable recent financials. Regardless, the new vehicle is hotly anticipated now in its 7th generation and comes with 400 hp and 6-speed manual transmission.

Note: Woodside Credit provides financing for exotic cars and classic vehicles over 25 years old. Woodside does not finance the Nissan Z. Contact us to learn more about Woodside Credit’s lending guidelines.

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Newport Beach, CA, Sept. 07, 2021 (GLOBE NEWSWIRE) — Woodside Credit, the leader in collector car loans, teams up with Hagerty®, a leading insurance provider for collectible vehicles. This relationship brings insurance into the Woodside Credit loan process, making it easy for customers to select from the suite of insurance products through Hagerty. This underscores Woodside Credit’s commitment to providing clients an unparalleled loan experience.

“Financing collector vehicles require a high level of touch and collector knowledge, which our customers have come to expect,” said Mitch Shatzen, President and Chief Operating Officer at Woodside Credit. “Hagerty has the insurance and classic vehicle know-how to provide our clients with the exact insurance options they need.”

Woodside Credit clients benefit from insurance products through Hagerty with premiums around 34% less than daily driver insurance1. In the event of a claim, clients choose the repair facility—or even have the option to repair the vehicle on their own. With Guaranteed Value®, clients provide the collector car’s worth and Hagerty agrees upon that value. In case of a covered total loss, they receive a check for the full value2.

In addition to Hagerty, Woodside Credit has built valued relationships with industry leaders throughout the collectible car space. The company is exclusively endorsed by Barrett-Jackson as their sole loan provider for auctions nationwide. Additionally, the company has a partner network of hundreds of classic, collector, and exotic vehicle sellers.

Woodside Credit is a licensed insurance broker offering Hagerty. This dynamic approach allows for products to be provided through Woodside’s world-class team. Let Woodside help provide tailored insurance solutions. Visit www.woodsidecredit.com/classic-and-collector-car-insurance/ or contact Insurance Specialist David Neff at 949-783-7446.

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 $600,000, the company achieves an unparalleled level of quality and flexibility for clients through its commonsense lending practices. Visit WoodsideCredit.com for more information.

1Figure based upon 2020 consumer data collected by Hagerty on single car quotes, with premiums $5000 and under, from several daily driver (or “Everyday”) auto insurance carriers. 2Less any deductible and/or salvage value, if retained by you. Guaranteed Value includes all taxes and fees unless prohibited by state law. Hagerty and Guaranteed Value are registered trademarks of The Hagerty Group, LLC. ©2021 The Hagerty Group, LLC. All rights reserved.

Brian Trevisan
800.717.5180
[email protected]

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The 10 Most Exclusive SUVs in 2021

In the US and around the globe, the SUV trend continues. With the luxury SUV space more crowded than ever, higher prices and tight production are making SUVs even more exclusive. Thinking about a top-of-the-line SUV for your next vehicle? See below for vehicles to add to your shopping list.

2021 MERCEDES-BENZ AMG G63

g wagon financing

  • MSRP: From $156,450
  • Horsepower: 577 hp
  • Curb weight: 5,845 lbs
  • MPG: 13 city / 16 highway
  • Engine: 4.0 L V8

The pinnacle of status and wealth in SUV form continues to be the G63. The vehicle underwent its first major redesign for the 2019 model year after nearly 40 years of production. Today the vehicle is modern and competitive with some serious tech, all while keeping some heritage vibes–namely, super satisfying door handles and the clankiest door sound in the industry. Mercedes recently trademarked the EQG nameplate, pointing to the electrification of this vehicle in the future. Don’t count out this original SUV anytime soon.

2021 MASERATI LEVANTE TROFEO

maserati financing

  • MSRP: From $149,990
  • Horsepower: 590 hp
  • Curb weight: 5,070 lbs
  • MPG: 14 city / 18 highway
  • Engine: Twin Turbo V8

The Trofeo collection is the performance division of Maserati. Sometimes overshadowed by the more accomplished competition, Trofeo fights for relevance against the likes of AMG and Porsche. Packing a Ferrari V8, the Levante is competitive in performance and has the tune of a sweet, sweet sportscar.  Critics often call the rest of the vehicle’s characteristics tame, with average steering, ride quality, and braking. There’s no denying the value prop here—especially if the engine is top on your list.

 

2021 ASTON MARTIN DBX

aston martin financing

  • MSRP: From $176,900
  • Horsepower: 542 hp
  • Curb weight: 4,940 lbs
  • MPG: 14 city / 18 highway
  • Engine: 4.0 L V8

Aston Martin has been losing money, hundreds of millions in fact. The bright spot is however the gorgeous new DBX. Although a bit late to the party, production started in July 2020 and has been an initial success by doubling the vehicles the brand delivered this year thus far. As the latecomer to the already saturated ultra-SUV landscape, only time will tell in how this vehicle stacks up. With crisp lines, luxurious styling, and unique Britishisms, the vehicle does a pretty good job of differentiating itself against the competition.

2021 LAMBORGHINI URUS

Lamborghini financing

  • MSRP: From $218,009
  • Horsepower: 641 hp
  • Curb weight: 4,844 lbs
  • MPG: 12 city / 17 highway
  • Engine: Twin Turbo V8

With over 15,000 units on the road since its launch in 2018, the Urus is by far the highest-selling Lamborghini of all time. This vehicle serves customers who want a striking balance of luxury, performance, and style. The Urus is lighter than its platform mates thanks to carbon fiber polymers and has the worlds’ largest set of carbon-ceramic disk brakes. There’s no denying the engineering excellence and attention to detail, which is why the vehicle continues to be a runaway success for Lamborghini.

2021 MERCEDES-MAYBACH GLS 600

maybach financing

  • MSRP: From $160,500
  • Horsepower: 550
  • Curb weight: 6,140 lbs
  • MPG: 15 city / 19 highway
  • Engine: 4.0L V8 Biturbo

Got a driver? Then you’ll probably need a Maybach. The GLS 600 is a rider-focused version of the GLS SUV, making the backseats a leather-lined luxuriously comfortable place to be. The high level of exclusivity and elegance is one of the main reasons Mercedes brands it as the “S-Class of SUVs”. It’s comparably priced to the other Mercedes on this list, but this is the option if comfort is #1.  Turn a blind eye to the specs on this one as it’s not as competitive as others, partially because of its big mass due to the luxury equipment (Champagne fridge anyone?).

2021 RANGE ROVER SVAUTOBIOGRAPHY Ultimate LWB

range rover financing

  • MSRP: From $211,000
  • Horsepower: 557
  • Curb weight: 5,745 lbs
  • MPG: 15 city / 19 highway
  • Engine: 4.0L V8 Biturbo

The Range Rover SVAutobigraphy Dynamic is a mouthful of marketing lingo. The brand has done its best to put an ultra-high-end SUV together, but for some, it falls short. Maybe it’s because the vehicle rides on one of the oldest platforms, or maybe it’s the fact Land Rover continues to water down its nameplate. There are some highlights in the vehicle though. Much like the Maybach on the list, the backseat is where this vehicle shines. With diamond-quilted leather, carbon fiber inserts, and reduced ride height, this vehicle is made for the ultra-rich.

2021 BENTLEY BENTAYGA SPEED

bentayga financing

  • MSRP: From $245,000
  • Horsepower: 626
  • Curb weight: 5,542 lbs
  • MPG: 12 city / 18 highway
  • Engine: 6.0L W12

Much like the Urus, this SUV is the best seller in the Bentley lineup. Considering this is the fastest and most expensive version of the Bentayga, can we presume it’s the best of the best? The gorgeously impressive W12 is a reason in itself for the purchase. Reviewers frequently speak to the agile driving dynamics of the vehicle, especially given its curb weight. The Dynamic Ride System does much of the work, making the car feel light and nimbler than what it actually is. Arguably the best looking in the group, this vehicle earns its spot as a great all-around exclusive SUV.

2021 ROLLS-ROYCE CULLINAN

rolls royce financing.

  • MSRP: From $330,000
  • Horsepower: 563
  • Curb weight: 6,069 lbs
  • MPG: 12 city / 20 highway
  • Engine: 6.8 L V12

Rolls Royce has become synonymous as the pinnacle of luxury, and the Cullinan adds to this being even bolder and more ostentation. From box-grain leather, acres of wood, and lambs-wool carpeting, the interior is an experience unlike anything else. With a magic carpet-like ride and a buttery v12, the Cullinan checks nearly every box. The only complaint is the price and with a variety of customizations, many sell for nowhere near the starting MSRP.

2021 PORSCHE CAYENNE TURBO GT

porsche financing

  • MSRP: From $180,800
  • Horsepower: 631 hp
  • Curb weight: 5,000 lbs
  • MPG: 15 city / 19 highway
  • Engine: Twin Turbo V8

This performance-focus Porsche is just a few tenths of a second behind the Porsche 911 turbo. With killer speed and a hatch for space, this vehicle combines the best of both worlds. The brand and performance are why most people choose this vehicle but keep in mind it may lack a level of specialness. It looks a little too similar to the base Cayenne (which arrives at a cost of less than half) and shares its MLB Evo platform with a slew of Volkswagen group products including this growing list: A4, A5, A6, A7, A8, Q5, Q7, and Q8, e-tron, Touareg, Bentayga, and Urus.

2021 Tesla Model X Plaid

Tesla financing

  • MSRP: From $99,990
  • Horsepower: 1,020
  • Curb weight: 5,390 lbs
  • MPG: 101 MPGe combined
  • Engine: Dual Motor

The most exclusive vehicle on our list, solely because Tesla has yet to deliver a single one. Maybe it has to do with the chip shortage, or maybe it’s the norm of Elon Musk over promising and underdelivering. Regardless, this competitively priced EV might give every car on this list a run for its money when it does finally get across the finish line. With next-level technology, the most advance autonomous driving capabilities, and the stupid-fast nature of an electric powertrain with 1,020 horsepower, be on the lookout when this vehicle hits the streets.

Note: Woodside Credit provides financing for all vehicles on the list, except the Porsche Cayenne and Tesla Model X. Contact us to learn more about Woodside Credit’s SUV lending guidelines.

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The endorsement deal builds on the 10-year relationship between the collector car lender and the World’s Greatest Collector Car Auctions.

News Release: https://finance.yahoo.com/news/woodside-credit-signs-4-exclusive-150000413.html?.tsrc=fin-srch

Newport Beach, CA – August 17, 2021— Woodside Credit, offering the lowest monthly payments in America, signs a four-year contract with Barrett-Jackson, the World’s Greatest Collector Car Auctions, as the exclusive automotive loan provider. Building on the 10-year relationship underscores the importance of Woodside as a classic, exotic, and collectible car loan provider for the auctions. This endorsement enables bidders to get pre-approved for the financing of up to $600,000 on collector cars featured at Barrett-Jackson Auctions.

“We are excited to continue growing our relationship with Woodside and providing their services to our bidders as the number one option for their collector car loan,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “Coming off the heels of two record-breaking auctions in 2021, including our most successful Las Vegas Auction to date, it is clear that there is pent-up demand for collector cars and the hobby is thriving.”

“The Woodside Credit team couldn’t be happier for another four years,” said Mitch Shatzen, President and Chief Operating Officer at Woodside Credit. “Our collector loan products give more options to bidders and even helps new bidders get into the hobby for the first time. Our commitment to commonsense lending practices and understanding our clients’ full financial picture allows us to provide loans with the lowest monthly payments in America.”

Since 2011, Woodside Credit has been a fixture at Barrett-Jackson Auctions. During the auction, each big screen flanking the auction block has an ‘Estimated Monthly Payment’ in the lower right-hand corner. The estimated payment updates in real-time and helps bidders understand the affordable monthly cost of a vehicle during the lively and fast-moving auctions.

“I was so happy Woodside’s loan program was available, so I didn’t have to tie up all of my own money,” said bidder Chad T. from Downington, PA. The flexibility of paying less upfront allows bidders to use funds for other financial goals, or for some, to bring more than one vehicle home.

Woodside Credit’s commitment to technology allows it to effectively serve bidders before and during the auctions. With fast preapprovals and convenient e-sign for executing loan documents, bidders complete their car loans from anywhere, including those who choose absentee or online bidding.

With continued month-over-month growth of the portfolio and increasing demand for high-end and classic vehicles, Woodside Credit continues a fast-growing trajectory, having originated $2 billion in loans. The company has a history of deep relationships with industry leaders in the collectible car space that has been instrumental to its success.

Following Barrett-Jackson’s most successful Las Vegas Auction to date, the next event will be the Inaugural Houston Auction held September 16-18 at the NRG Center in Houston, Texas. Look for Woodside Credit when you register to bid and get pre-approved by calling or call (949) 877-8290 or visiting woodsidecredit.com/barrett-jackson.

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 or call 949-877-8290.

 

About The Barrett-Jackson Auction Company

Established in 1971 and headquartered in Scottsdale, Arizona, Barrett-Jackson, The World’s Greatest Collector Car Auctions, is the leader in collector car auctions and automotive lifestyle events, which include authentic automobilia auctions and the sale of private collections. The company produces live auctions across the country each year. With broadcast partners A+E Networks, Barrett-Jackson will feature live television coverage in 2021. Barrett-Jackson also endorses a one-of-a-kind collector car insurance for collector vehicles and other valued belongings. For more information about Barrett-Jackson, visit www.barrett-jackson.com, or call 480-421-6694.

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The 3 Sportscars Built in North America

Much globalization has happened throughout the auto industry, including American companies producing abroad and companies from abroad producing in North America. From a sportscar perspective, production in North America is much skinnier than the variety produced across Europe—specifically Italy (Ferarri, Lamborghini, Pagani) and Germany (Porsche, Mercedes)—but that doesn’t mean American made sportscars don’t pack a punch. American-made sportscars have just as much horsepower, and engineering excellence, but maybe missing a bit of brand panache.

Chevrolet Corvette Stingray

chevrolet corvette stingray financing

  • MSRP: 59,990
  • Engine: 6.2 L V8
  • Horsepower: 490
  • Torque: 470 lb-ft
  • Curb Weight: 3,366
  • MPG: 19 combined
  • 0-60: 2.9 seconds

There’s no denying the early success of the next generation Corvette Stingray. Its new mid-engine design, a staggering 490 horsepower, and a low starting price of under $60,000 make it the one to beat. Built in Bowling Green, Kentucky, this car ranks as the 8th most American vehicle on cars.com American-made vehicle index. Dealers continue to struggle to meet demand and with over 15,000 units already sold this year (Q1 & Q2 2021), there’s no end in sight for the number of enthusiasts who want this exciting vehicle in their garage.

Acura NSX

acura NSX financing

  • MSRP: $157,500
  • Engine: 3.5 L V6
  • Horsepower: 573 hp
  • Torque: 475 lb-ft
  • Curb weight: 3,878 lbs
  • MPG: 21 city / 22 highway
  • 0-60: 2.7 Seconds

The second-generation Acura NSX came to market in 2016 with a hybrid electric powertrain, making it a fierce competitor to the BMW i8. It’s the only vehicle on the list not produced by an American automaker. Built in Marysville, Ohio, production peaked in 2017 when over 600 were built. At the end of its journey in 2022, the last year will be a special Type S performance model with plans to produce just 350 units.

Ford GT

Ford GT financing

  •  MSRP: From $500,000
  • Engine: 3.5L V6
  • Horsepower: 647 hp
  • Torque: 550 lb-ft
  • Curb weight: 3,381 lbs
  • MPG: 14 city / 18 highway
  • 0-60: 3 Seconds

The only Canadian-built vehicle on the list is the Ford GT. With production based in Markham, Ontario, the brand touts its engineering excellence with its carbon fiber and aluminum structure. Impressive horsepower comes from a surprising V6, making it fast and (kind of) efficient. Production amounts rival the Acura NSX more closely than the Stingray, making this vehicle a fast future collectible.

Bonus: Tesla Model S Plaid

Some love and some hate, but the Tesla Model S has more than earned its position as a sedan on this sportscar list. With the fastest ever 0-60 time of 1.99 seconds, the buzz around this vehicle is much deserved. Still built in Fremont, CA, the Model S originally came to market a decade ago meaning many original concerns about performance have been engineered out. Ranking as the #3 most American vehicle, Tesla’s flagship continues to be competitive from nearly every perspective.

Ready to take a sportscar home? Woodside Credit is ready to put you behind the wheel of the exotic or supercar of your dreams. Whether it has borrowed the heart of another or is bumper to bumper pure, we have the best terms and payments in the industry. Contact us to find out how we can help you put that sweet sportscar in your garage.

Are Classic and Collector Car Values Booming?

There’s no getting away from new car prices and used car prices are continuing to go through the roof. With the average new car price in the US sitting at $41,263 in May 2021, high demand and a shortage of chips are causing price inflation at a rate we have not seen in more than a decade. Moreover, used car prices are still at record highs causing internet trolls to tout used Honda Civics as better investments than the stock market. (All jokes though, please don’t take it seriously)

Are classic car values booming like the rest of the market? Short answer: it’s complicated. There are some major outliers outside of Hagerty’s price guide that are increasing at a blistering pace. A sale price for a 1967 Chevelle SS 396 convertible at Barrett-Jackson in Las Vegas recently sold for a staggering $242,000, far above the Hagerty’s price guide of $88,300. We are seeing is specific models and vehicles becoming increasingly more valuable, but most classic car values are increasing at a regular trajectory—some prices even flatlining after an increase during the start of the pandemic in 2020. To provide a different perspective of values, below are some collector favorites, and how prices have changed over the past 10 years.

 1961 Austin-Healey 3000 Mark II Roadster BN7

austin healey car and values

This British sports car built from 1959 to 1967 was highly successful and known for winning many European rallies in its heyday. Car enthusiasts today appreciate it for its racing prowess and handsome looks. With prices of this vehicle steadily rising over the past 10 years, the past several years has seen some up-and-down fluctuations resting at $155,300 in 2022.

1957 Cadillac De Ville Coupe

Coupe de ville car values

The pillarless two-door hardtop was a popular and stylish coupe with an original asking price of $5,116. It’s popular with gearheads because of its revolutionary design. Its value peaked most recently at $44,800 in 2018 although showing a steady value through the past 10 years.

1960 Chevy Corvette Convertible

corvette car values

Lightly freshened for the 1960 model year, the Corvette had a starting price of just $3,872. Now synonymous with the American Dream, it took a while for it to resonate with people because of continued redesigns and improvements. The value has flatlined over the past three years to around $100k, making it a good value for this piece of American history.

1970 Dodge Challenger RT 2DR HT

dodge challenger car values

The first generation was built to take on the Mercury Cougar and Pontiac Firebird in the pony car segment. With a competitive original cost of $3,266, collectors appreciate the car today for being all-around awesome. Price increased swiftly to $84,300in 2020 and has since cooled off a bit.

1965 Ford Mustang Convertible

ford mustang car values

The first-generation fan-favorite Mustang has seen prices steadily increase to $71,000 in 2022. Leading this car segment in its heyday means it is still one of the most desirable classics. We don’t see much fluctuation in values with this vehicle and anticipate more straightforward value increases in the future.

What’s the verdict on classic and collector car values?

Like much of the economy today, it is difficult to get a full macro-picture of what’s happening in the collector car market. Moreover, individual car values are moving at quite different rates. Do your own research by model type and track values. Most gearheads already do this regularly, so understanding market conditions for a specific model can help you make the right decision at the right time. Second, when you do find a specific collectible, do your part to understand the condition. The condition of collector cars varies greatly, especially as they age, so ensure there’s an expert on your side to do inspections. Finally, if you do find yourself in competition for a classic car, ensure you are in a spot to pivot quickly. For those who are looking to buy with a classic car loan, it may be wise to get pre-approved.

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Lease or Buy an Exotic Car?

The debate of lease vs. buy is long withstanding and in the exotic car world, it is even more hotly debated. Buying is typically associated with high monthly costs, but a buyer owns the asset at the end. On the other hand, a lease typically allowed borrowers to have more buying power, but some get lost in the cycle where they never own the asset. Let us test this simple narrative about lease vs. buy to see which one is really the cheaper option at different points in time.

By the Numbers: Lease vs. Buy Exotic Cars

The example vehicle is a gorgeous white 2018 Bentley Flying Spur at a cost of $134,995. We are pitting Woodside Credit’s lowest monthly payment against an online lease. The lease requires tier 1 credit and a residual value (buy-out) of $65,000. The Woodside payment is based on a simple interest loan at 6.50%. Both require the same money down and tax is calculated based on buying type.

Advertised Lease Woodside Credit Loan
List Price $134,995.00 List Price $134,995.00
Tax 6.00%

(included in payment)

$97.32 Tax 6.00% $8,099.71
Down Payment $30,000.00 Down Payment $30,000.00
Length of Term 60 Months Length of Term 144 Months
Financed amount $113,094.70
Monthly Cost (tax, title, license included) $1,719.32 Monthly Cost $1,133.12
Monthly Net Savings     $586.20

 

From a monthly perspective, the loan cost is significantly less per month. With a difference in payment of $586.20, the savings of going with a loan versus a lease over 60 months amounts to a staggering $35,172.00. Do not forget, those monthly savings can be invested into other interest accruing accounts. What happens if you want to buy out the vehicle from a leasing perspective and pay off the loan? See below for the comparison.

5 year Comparison – With ownership
Advertised Lease Woodside Credit Loan
Total Payments $103,402.80 Payments (first 60 months) $67,987.20
Down Payment $30,000.00 Remaining Loan Balance $76,307.22
Residual (buy-out) $65,000.00 Down Payment $30,000.00
Tax 6.00% $3,900.00 Tax 6.00% $8,099.71
Total cost after 5 years with buy-out $203,297.80 Total after 5 years with ownership $174,294.42
5-year Net Savings     $29,003.38

 

Still, another staggering difference of $29,003.38 to own the vehicle after 5 years. Savvy customers of Woodside know this sweet spot and minimize costs while maximizing their investment.  What happens if you are planning on making payments for the full 12 years instead of paying it off in 5? See below how the interest affects the savings.

12-year Comparison – With ownership
Advertised Lease Woodside Credit Loan
Total Payments $141,940.29 Total Payments (144) $158,839.16
Down Payment $30,000.00 Down Payment $30,000.00
Residual (buy-out) $65,000.00
Tax 6.00% $3,900.00 Tax 6.00% $8,099.71
Total cost after 12 years $203,297.80 Total cost after 12 years $201,268.99
12-year Net Savings     $2,028.81

What is the verdict Lease or Buy an Exotic Car?

From every perspective in this example, buying with a Woodside loan is more compelling than leasing. When it comes to vehicles of this caliber, leasing does not necessarily mean more buying power as most would suggest. Depending on how long you plan on keeping a vehicle will give you insight into which loan type is best for you. Ready to crunch the numbers on your dream car? Start with a quick quote. (Credit is not reviewed, and no credit check is required)

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