Originally Posted by Xxyion

Thank you for your concern! Honestly i mostly view it this way as well, and honestly i really could go down to 120k and finance that if i really needed to. However doing so puts me below my comfort level of my cushion and for me thats just not something i'm willing to do as i wait for a few more things to come through. As stated before though, i will not be financing at this rate for an extended period of time. It was mostly just to get the discounts and "build that relationship" with Porsche as we plan on buying a 911 in a few years. At most i see myself being with this interest for maybe 2 months, and so for me this was worth it for the tradeoff.
I'm not going to go into detail about my personal financial situation on a public forum and honestly see no reason to convince anyone of anything. But i also do try to be as transparent as much as i can when it comes to letting people know whats going on. just know i'm not putting myself in a hole and this was my way of getting things that i wanted at a reduced cost.

Originally Posted by pettelli

You may already be planning on it but if not you should consider “gap insurance”. If the car gets totaled or stolen your insurance company is only going to pay at the most current market value which will come up significantly less if your all in number is $160,000 (based on an earlier post) and your financing is X. You could end up on the hook for thousands if you’re upside down. Something to consider when financing at a higher loan to value including warranty, sales tax and ADM. No idea how it works but I’m sure the dealer can assist. Just a thought….

Originally Posted by Xxyion

yup! I get GAP insurance on almost every single car i finance. Regardless of what the market looks like, theres always a chance that the insurance just wont give you what the car is actually worth. had a friend be "above water" on his car until it decided to catch fire and insurance quoted him significantly lower on market value and wouldnt budge even with proof. Luckily he still had his GAP insurance on the car which covered the difference.

Even if making the bold assumption that the market will stay similar, you just have no idea what insurance companies will pull, and at certain points its just not really worth the battle.

Originally Posted by 85Gold

@Xxyion Only you can evaluate what works for you. I from an old skool where you don't buy toys unless you can pay for them.

Peter

Originally Posted by Xxyion

So update:

I did my paperwork for the car today. For anyone who is thinking about financing with PFS, they are currently at 8.5% and offering 72 months financing plan. So pretty high. I decided to go with them because they offered some nice discounts on some of the warranty packages that I wanted and I plan on re-financing down the line anyways. I currently am sitting at 789 Equifax credit score

Originally Posted by enzoatx

Quick update - I finalized the loan today (3.49% for 72 months), and the process was remarkably smooth. Brandi Deroo was my rep, and from start to finish, the whole process was done in less than a week (primarily through emails and two phone calls).

Brandi mentioned today that they would most likely keep the 3.49% rate until the end of the year.

I looked at a few other options:

• Austin Telco | 4.49% 60mo | 4.69% 72mo - have used them before but they won't finance out of state
• BoA (w/ Platinum Honors) | 5.5% for 60 months - this made no sense to me especially based on the published rates
• DuPage CU | 3.69% 60 mo | 4.29% 72 mo

PM me if you want Brandi's contact info. And a big thank you to @rusmani for the tip!

Originally Posted by chujk1985

Those who went with American 1 Credit Union - how has your experience been (esp. if you are out of state) after you have taken delivery? Any issues with payments,etc? Do they have online payments, or just mail in?

Thanks! Any feedback would be great!

Originally Posted by rusmani

Out of state here, and it's been very easy. Can pay online with another banking institution for no fee or set up auto pay.

Originally Posted by chujk1985

Do they give you the check to pay or do they send it directly to the dealership?

Originally Posted by chujk1985

Hey, would you mind DM'ing me Brandi's info? I'd like to get a rate quote, etc. Thanks!

Originally Posted by rusmani

They give it to you and you co-sign and present/send to dealer.