FAQ

Frequently Asked Questions (FAQ)

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 more than 17 years and having loaned over $1.5 Billion for the purchase of classic, collector and exotic vehicles - Woodside is recognized as the industry leader in delivering personalized, professional service and the LOWEST MONTHLY PAYMENTS IN AMERICA. We can finance your purchase directly or via the hundreds of dealers we serve nationwide or at an auction.

Q?

Is Woodside Credit endorsed by Barrett-Jackson?

A.

Yes. For over a decade Barrett-Jackson, the world’s greatest collector car auctions, has exclusively endorsed Woodside Credit as the only lender you will see present at each of their auctions in Scottsdale, Palm Beach, Connecticut and Las Vegas. You can quickly and easily get pre-approved with us for any of these auctions.

Q?

What types of cars will you finance?

A.

Eligible vehicles are classic cars at least 25 years old and most late model exotics (ie. Ferrari, Lamborghini, Maserati, Bentley, Rolls-Royce, Aston Martin, etc.) We also finance some specialty/collector vehicles such as Cobra replicas, Dodge Vipers, Chevrolet Corvettes and Porsche 911's. There are others that we will finance so 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?

How good does my credit need to be?

A.

We offer an excellent finance plan that does require that you have very good credit. Our common sense approach to underwriting provides our clients with the very best combination of outstanding service and industry leading low monthly payments.

Q?

With Woodside terms up to 12 and 15 years will I pay a lot of interest?

A.

No, on average our clients payoff their loans in 3 and a half years. So, they enjoy the best of both worlds – the lowest payments in America along with the flexibility to accelerate their payment schedule or repay their loan in its entirety when they choose. Similar to the benefits of a 30 year mortgage loan, our clients enjoy the excellent cash flow economics provided with low payments .

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. You will need to provide an insurance binder with Woodside listed as loss payee prior to funding the loan.

Q?

Do I have to have full coverage insurance?

A.

Yes. You are required to have full coverage insurance in place until your loan is paid off. Your deductibles need to be no greater than 2% of your loan amount.

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. We will help you through this process.

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 the lowest monthly payments in America through simple interest loans with competitive fixed rates and terms up to 12 and 15 years. Our payments can be as little as half of the payment you would receive with a lease or traditional financing. The interest rate and term will depend on the amount financed and the applicant’s credit worthiness.