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Random Q about Porsche Finance

Old 03-10-2017, 07:14 PM
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neurotic
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Default Random Q about Porsche Finance

So my colleague recently purchased a .2 TurboS; sticker was $194K and he negotiated a selling price of $180K or abouts.

He was able to finance $130K via PF. Is that even possible?? I thought PF only allows you to finance up to $100K. Sounds absurd in either case; interest rate was high at 2.99% 6 years. He's not very money savvy....
Old 03-10-2017, 09:10 PM
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worf928
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Originally Posted by neurotichamster8
He was able to finance $130K via PF. Is that even possible?? I thought PF only allows you to finance up to $100K.
I don't know for sure but I don't see why not. They'll lease you a TurboS which is just, fundamentally, financing in a different context.


Sounds absurd in either case; interest rate was high at 2.99% 6 years. He's not very money savvy....
Depends upon what his after-tax return rate is on his other investments.
Old 03-10-2017, 09:57 PM
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PFS will allow you to finance much higher than 100K. 2.99% sounds right.
Old 03-10-2017, 10:06 PM
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2.99% for 72 months is a pretty damn good rate. Especially when considering the the loan amount. You may be thinking of Penfed as the bank who won't loan more than 100K.


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