FAQ

Frequently Asked Questions

Need some answers on collector car loans? You found a good place to start. Give us a call at (800) 717-5180 if we can help beyond the list below.

Q?

Who is Woodside Credit?

A.

With over $2 billion in loans originated, 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 dedicated to the success of dealerships, automotive networks, and borrowers nationwide.

Q?

What is the difference between quick quote and apply now?

A.

A Quick Quote will estimate Woodside Credit’s low monthly payment based on the selling price of the vehicle. Credit is not reviewed, and no credit check is required (approval is not guaranteed). Apply Now will start a credit application with our underwriting department, and upon approval locks in rates for up to 30 days.

Q?

What Types of Cars Does Woodside Credit Finance?

A.

Our list of eligible cars is always growing, so give us a call for unique vehicles to finance. Eligible vehicles include classic cars at least 25 years old and most late model exotics cars from the likes of Ferrari, Lamborghini, Maserati, Bentley, Rolls-Royce, and Aston Martin. We also finance some specialty and collector vehicles such as Cobra replicas, Dodge Vipers, Chevrolet Corvettes, and Porsche 911s.

Q?

Is Woodside Credit a Broker?

A.

No, Woodside Credit is a lender. Woodside Credit underwrites, approves, and funds loans with its capital. This means credit bureaus are pulled once—not multiple times. Borrowers have a dedicated loan specialist backed by a support team from the credit application and underwriting to the processing of the loan.

Q?

Is Woodside Credit endorsed by Barrett-Jackson?

A.

For over a decade Barrett-Jackson, the world’s greatest collector car auctions, has exclusively endorsed Woodside Credit. We are the only lender at Barrett- Jackson’s Scottsdale, Palm Beach, Houston, and Las Vegas auctions. Woodside Credit is the number one way to get onto the bidding block, and pre-approvals are recommended before the show.

Q?

How good does my credit need to be?

A.

Good and top-tier credit is typically required for Woodside credit’s loan products (700+). With a commonsense approach to underwriting, we look at our client’s full financial picture to provide competitive down payments and low monthly payments. Call or contact us to help determine if you will qualify, and our loan experts can set expectations.

Q?

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

A.

A combination of the lowest payments in America combined with the flexibility to pay off the loan on your schedule means interest costs can be surprisingly low. It is the best of both worlds–competitive rates with the flexibility to use funds for other financial goals.

Q?

Do I have to insure the car?

A.

Yes. Insurance is required on the vehicle for its full replacement value. Borrowers will need to provide an insurance binder with Woodside listed as loss payee before funding the loan. Woodside Credit partners with Hagerty, the largest provider of specialty insurance for collectible vehicles, for those looking for competitive insurance rates. Note, full insurance coverage is required until the loan is paid off.

Q?

Will I need to register and title the car?

A.

Yes. Borrowers are required to register and title the car once it is purchased. Our dedicated title department guides borrowers through the process to make it easy—even if the vehicle is purchased out of state.

Q?

Does Woodside Credit offer personal loans?

A.

No, Woodside Credit offers auto loans for classic, exotic, and collector vehicles. Secured loans allow Woodside to provide clients the best rates and lowest monthly payments in America.

Q?

Does it matter where I buy the car?

A.

No. Woodside Credit is a nationwide auto lender with hundreds of dealers, Barrett-Jackson Auctions, automotive networks, and private parties. Ask your dealer if Woodside is an option when financing your next exotic or collector car. Pre-approvals can be obtained for all future purchases.

Q?

Is an inspection or appraisal required?

A.

Sometimes inspections and appraisals are required for our underwriting purposes, especially for private party automobiles. Woodside Credit has a variety of options available for quick processing, including virtual inspections through a phone app. Your dedicated loan officer will guide you through what is needed for your specific case.

Q?

Can I refinance an existing collector car loan?

A.

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

Q?

Does Woodside Credit offer lease buy-outs?

A.

Yes. Woodside Credit does offer lease buyouts. Call or contact us to help determine if you will qualify, and our loan experts can set expectations.