This announcement is the latest in a 10-year relationship between the two brands.
Woodside Credit has just announced that it has signed a four-year contract with Barrett-Jackson that will make them the exclusive supplier of car loans for the auction house. This new partnership will allow bidders to obtain pre-approval funding of up to $ 600,000 for collectible cars that cross the block at Barrett-Jackson events. The news makes sense considering the two brands have been working together for the past 10 years. If you’ve seen recent Barrett-Jackson auctions, you may have noticed the “Estimated Monthly Payment” in the lower right corner of the screens during the auctions. These are settlement payments that are updated in real time thanks to Woodside Credit.
We are delighted to continue to develop our relationship with Woodside and provide their services to our bidders as the number one option for their collection vehicle loan, ”said Craig Jackson, Chairman and CEO of Barrett-Jackson. “After two record-breaking auctions in 2021, including our most successful auction in Las Vegas to date, it is clear that there is pent-up demand for collectible cars and the hobby is flourishing.”
“The Woodside Credit team couldn’t be happier for another four years,” said Mitch Schatzen, president and chief operating officer of Woodside Credit. “Our collector loan products give bidders more options and even help new bidders get their hobbies up and running for the first time. Our commitment to sound lending practices and understanding the full financial picture of our clients allows us to provide loans with the lowest monthly payments in America. ”
Barrett-Jackson’s next auction will be their first in Houston on September 16-18 at the NRG in Houston, Texas. If you would like to get pre-approval or to learn more about Woodside Credit, be sure to click the button below.
Source: Woodside Credit via NewMediaWire.