Important Considerations before Financing Your Next Exotic Car

Posted by Woodsidecredit on June 30th, 2014

Exotic cars used to be an exclusive luxury for the wealthy, but nowadays, it is possible for many more people to buy a Ferrari, Bentley, Rolls-Royce, or a Lamborghini. All it takes is a good financing program. In fact, practical spenders—even those who can very well afford to buy luxury cars in cash – often use financing because it lets them obtain their dream car without spending a too much money upfront. Indeed, getting financing for an exotic car can bring you closer to your dream luxury vehicle. However before you start, there are a few basic things you should know.

For starters, having a good credit score is important if you want to finance an exotic car. All lenders look at your credit score before approving your application for a loan or financing program.

Next, exotic car financing can be done in various ways. Bank financing, for example, lets you apply for an exotic car loan with a maximum term of 72 months – and a down payment of somewhere between 5% to 20%. If the car is less than four years old, it is likely to obtain a better rate – which will depend largely on your credit score. Another option is open-ended leasing. The downside with this type of financing is that it almost always leads to higher interest rates.

Longer term financing for an exotic car is the best option to finance larger amounts – because your monthly payments are much lower. You can get this type of financing from a reputable lending company like Woodside Finance – specializing in collector, exotic, and classic cars. Choose from 84, 100, 120 to 144-month financing, all of which can help make your monthly payments much lower and affordable.

Discuss your long-term financing options with a lender who specializes in exotic cars. Get a quote online to get started. Reputable lenders can provide a free payment quote in seconds and you can complete the loan application online.

About The Company:

Woodside Credit is a nationwide company which is located in Southern California that provides unique loan program for all the classic car, collector car, and exotic car enthusiasts at the lowest monthly payments. They help you in getting your dream car a reality. Woodside Credit is the automobile industry’s leader in providing the lowest monthly loan payments – delivering terms of up to 12 years. They offer the best loan programs for financing your collector or exotic car.