Woodside Credit signs an exclusive 4 year endorsement as
The approval deal builds on the 10-year relationship between the collector car lender and the world’s largest collector car auctions.
Newport Beach, CA, Aug 17, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Woodside Credit, offering the lowest monthly payments in America, signs a four-year contract with Barrett-Jackson, the world’s largest classic car auction, as the exclusive provider of auto loans. Building on the 10-year relationship underscores Woodside’s importance as a provider of classic, exotic and collectible auto loans for auctions. This endorsement allows bidders to obtain pre-approval for financing of up to $ 600,000 on vintage cars presented at Barrett-Jackson auction.
“We are delighted to continue to grow our relationship with Woodside and to provide their services to our bidders as the number one option for their classic car loan,” said Craig Jackson, President and CEO of Barrett-Jackson. “In the aftermath of two record-breaking auctions in 2021, including our most successful Las Vegas auction to date, it’s clear that there is a pent-up demand for vintage cars and the hobby is in. booming. “
“The Woodside Credit team couldn’t be happier for another four years,” said Mitch Shatzen, President and COO of Woodside Credit. “Our collectible loan products give bidders more options and even help new bidders get started in the hobby for the first time. Our commitment to common sense lending practices and understanding the full financial situation of our clients enables us to provide loans with the lowest monthly payments in America.
Since 2011, Woodside Credit has been a staple at Barrett-Jackson Auctions. During the auction, each large screen flanking the auction block has an “Estimated Monthly Payment” in the lower right corner. The estimated payout is updated in real time and helps bidders understand the affordable monthly cost of a vehicle during lively and fast-paced auctions.
“I was so happy that the Woodside loan program was available so I didn’t have to tie up all of my own money,” said bidder Chad T. of Downington, PA. The ability to pay less up front allows bidders to use the funds for other financial purposes, or for some, to take more than one vehicle home.
Woodside Credit’s commitment to technology enables it to effectively serve bidders before and during auctions. With fast pre-approvals and a convenient electronic signature for loan document fulfillment, bidders complete their auto loans from anywhere, including those who choose mail order or online auctions.
With continued month-over-month portfolio growth and increasing demand for premium and classic vehicles, Woodside Credit continues on a rapid growth trajectory, having generated $ 2 billion in loans. The company has a history of close relationships with industry leaders in the collectible automotive space which has contributed to its success.
Following on from Barrett-Jackson’s most successful Las Vegas auction to date, the next event will be the inaugural Houston auction to be held September 16-18 at the NRG Center in Houston, TX. Look for Woodside Credit when you register to bid and get pre-approved by calling or calling (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 vintage car financing. Founded 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 approved loan provider for Barrett-Jackson and is dedicated to the success of dealers, auto networks and customers nationwide. With terms of up to 15 years and loans up to $ 600,000, the company achieves an unmatched level of quality and flexibility for its clients through its sound lending practices. Visit WoodsideCredit.com for more information or call 949-877-8290.
About the Barrett-Jackson Auction Company
Founded in 1971 and headquartered in Scottsdale, Arizona, Barrett-Jackson, The World’s Greatest Collector Car Auctions, is the leader in classic car auctions and automotive lifestyle events, which include car auctions. authentic automobilia and the sale of private collections. The company produces live auctions across the country every year. Along with broadcast partners A + E Networks, Barrett-Jackson will offer live TV coverage in 2021. Barrett-Jackson also underwrites one-of-a-kind collector auto insurance for collector vehicles and other valuables. For more information on Barrett-Jackson, visit www.barrett-jackson.com, or call 480-421-6694.
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