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Woodside Credit auto loans review

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Woodside Credit auto loans
Min. Loan Amount
Max. Loan Amount

Our verdict

Classic and collector car financing with terms up to 12 years.

Woodside Credit is ideal for borrowers looking to finance an expensive collector, antique or exotic car. It offers auto loans up to $600,000 with terms as long as 12 years. In fact, it claims to offer the lowest monthly payments in the US. Just keep in mind that these longer repayment periods will mean your loan’s more expensive in the long run.

The lender is also exclusively endorsed by Barrett-Jackson — so you might want to consider working with it if you’re looking to buy a car from an auction.

However, it’s not up front about interest rates and fees. And if you don’t have excellent credit, you’ll need to look elsewhere.

Not sure Woodside Credit is for you? Compare other options below.

In this guide

  • Our verdict
  • Details
    • Product details
  • Your reviews
  • Ask a question


Product details

Min. Loan Amount $10,000
Max. Loan Amount $600,000
APR Varies
Interest Rate Type Fixed
Requirements 700+ FICO score, good to excellent credit history, no bankruptcies, down payment of at least 10% to 20%, verifiable income, no application or monthly fees, no prepayment penalty

First, do I qualify?

Woodside Credit has five hard-and-fast eligibility requirements:

  • FICO Score of at least 700
  • Good to excellent credit history
  • No bankruptcies
  • Down payment of at least 10% to 20%
  • Verifiable income

The company also allows you to apply jointly with your spouse or partner to increase your chances of approval.
What states is Woodside Credit available in?
Woodside Credit partners with dealerships in all states except Hawaii and Alaska.

What makes Woodside Credit unique?

Woodside Credit pushes the limits with classic, collector, exotic and antique car financing, as well as Barrett-Jackson auction financing. It also offers private-party auto loans, so you don’t necessarily need to by from a dealership.

Although loan amounts are hefty — from $10,000 to $600,000 — the website states it can approve your loan application in minutes when completed online. Even more, Woodside offers flexible terms up to 12 years to help make for lower, more manageable repayments.

What types of car loans does Woodside Credit offer?

Woodside Credit offers a variety of car loans, including:

  • Finance the purchase of a collector, exotic or antique car from a dealership or private party
  • Finance a recent cash purchase
  • Refinance an existing collector car loan or lease buyout
  • Get preapproved for a future purchase at Barret-Jackson — for a fee

Not sure if refinancing is right for you? Use our car loan refinancing calculator to find out.

What are the benefits of Woodside Credit?

How do the many benefits of Woodside Credit stack up? Take a look:

  • Large loan amounts. Woodside offers high-dollar financing up to $600,000 for a wide range of vehicles.
  • Long terms. Long repayment periods equal lower monthly repayments, though you’ll pay more in interest.
  • No restrictions on vehicle mileage. Most lenders limit car loans to vehicles with less than 100,0000 miles — Woodside doesn’t.
  • Partners with Hagerty Insurance. Sign up for classic car insurance at the same time you apply for financing to keep things simple.
  • Preapprovals for auction purchases. Woodside also partners with Barret-Jackson to help you get preapproved for financing before you hit the auction.

What to watch out for

Although there are many benefits, there are also a couple of factors to watch out for when applying for a Woodside Credit loan. These include:

  • Not transparent. Woodside doesn’t disclose a range of interest rates or whether it charges any late fees on its website.
  • Can get expensive. A longer repayment period makes your loan more expensive in the long run.
  • Down payment required. If you don’t have the cash up front to make a 10% to 20% down payment, you’re out of luck.

Compare other car loan options

Name Product Filter Values Minimum credit score APR Loan term Requirements
LightStream Auto Loans
Good to excellent credit
2 to 7 years
Must have a good to excellent credit profile, be a US citizen or a permanent resident with a valid green card, have a valid Social Security number, credit card verification requested upon loan approval and have a valid US address.
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Varies depending on the lender
3 to 6 years
Varies depending on the lender
Go to site
CarsDirect auto loans
No minimum credit score
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
No minimum credit score
3.9% to 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates.

Woodside Credit reviews and complaints

BBB accredited Yes
BBB rating F
BBB customer reviews 1 out of 5 stars, based on 6 customer reviews
BBB customer complaints 6 customer complaints
Customer reviews verified as of 19 October 2020

Not much as of October 2020. It gets an F rating from the Better Business Bureau (BBB). And although it’s been in business for 16 years, it’s not accredited with the BBB. Only six people have left reviews — all negative — giving it a rating of 1 out of 5 stars. And six people have filed complaints against the company in the last three years.

Of the negative reviews, several borrowers mentioned rude and unprofessional customer service. Three also mention issues with its registration services.

How do I apply?

You can apply online, over the phone, by faxing your printed application or at your dealership.
Follow these steps to get started online:

  1. Go to Woodside Credit’s website and click Apply Now.
  2. Enter information about yourself and income before clicking Continue.
  3. Finish filling out the required fields with details about the car you’re purchasing.

Submit the application and wait to hear back from a Woodside Credit loan consultant. They’ll likely ask you to provide additional documentation to verify the information you provided.

If approved, either your dealer or Woodside Credit will provide loan documents to you, typically via email. After Woodside receives your completed paperwork, it will fund your loan.

What documents do I need to apply?

To complete the application, you’ll need to provide the following information:

  • Vehicle’s make, model, mileage, VIN, powertrain, purchase price, options, and loan amount
  • Deal structure — like cash down payment or trade-in value
  • Any existing loans
  • Proof of employment and income
  • Social Security number

How do repayments work with Woodside Credit?

You can make repayments to Woodside Credit online or by phone. You can also mail in your payment. Don’t let payments lax, or you may be stuck with late payment penalties — though it doesn’t disclose what these are on its website. And if you can pay off your classic car loan early, you’ll save yourself a bundle in interest.

See how Woodside Credit stacks up to the competition with our guide to classic car financing.

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