Record number of collector car loans in the Phoenix Valley
January auctions across Valley Bottom edge closer to $275m as Woodside Credit increases lending volume 68% from January 2020
NEWPORT BEACH, Calif., Feb. 23 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Woodside Credit, which offers America’s lowest monthly payment collector car loans, cemented its position as the premier collector car lender with record results in the loan financing. With a 68% increase from January 2020, this milestone underscores Woodside Credit’s continued long-term growth.
“The Phoenix Metro continues to be a leading market for collectibles, and we’re excited to start this year with even greater momentum,” said Mitch Shatzen, President and COO of Woodside. Credit. “Our commitment to common sense lending along with the convenience of eSign has helped us surpass $2 billion in loan funding.”
Only Woodside Credit serves collector car enthusiasts nationwide with an industry-leading digital lending experience paired with low monthly payments. From e-signature to virtual vehicle checks, Woodside Credit makes it easy to purchase a collectible vehicle at an auction, through a private party, or at a dealership.
The classic and collector car market has been propelled by pandemic challenges over the past two years, reaching new heights in collector car sales and values, paving the way for the current strength of the market. Statista’s market projections indicate the continued expansion of this market, with an additional $3 billion expected to grow over the next three years.
“The Woodside Credit program continues to provide borrowers with the lowest monthly payments in America,” says Shatzen. “Our savvy customers tell us how our program helps them put their money to work elsewhere while enjoying the classic cars of their dreams.”
In addition to focusing on the Phoenix market, Woodside Credit serves its borrowers and dealers in all 50 states through its nationwide lending professionals and corporate headquarters in Newport Beach, CA. Woodside Credit ranks among the Fastest growing mid-sized private companies by the Orange County Business Journal. For more information, visit the Woodside Credit website.
About Woodside Credit
With over $2 billion in loans, Woodside Credit is the leader in classic and collector 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 dedicated to the success of dealers and customers nationwide. With terms up to 15 years and loans up to $800,000, the company offers unparalleled quality and flexibility to its customers through its sensible lending practices. Visit WoodsideCredit.com for more information.
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