Originally Posted by DreiPedals

That would seem to be a smart approach. If they can come close to your bank rate at all, the savings would be well worth it, if the rates are far apart you may have more math to be done (will get to this later). I'm on a very favorable purchase deal, so I don't think that taking the PFS loan will move the needle at all for my specifics, but again, if they'll match my rate I'll gladly take their loan.

I'm normally in line with you on the 'take the dealer rate for a short term, whether for ADM or relationship preservation reasons, then re-fi through my preferred institution in a few months' plan. But right now I'm a bit cold-feet on that. Just think what your rate to refinance an auto loan would have looked like 6 months ago when compared to today. If you take the dealers financing, there's a chance that rates just keep climbing and climbing and in 6 months you're not able to beat it on a re-fi note. Just food for thought, and everyones case and appetite will be different for the gamesmanship that needs to be played. Find the terms that work best for you and be happy if they're workable. Good luck!

Originally Posted by rusmani

I ended up going with American1CU last week, got 3.49% for 72 months. Best I found for a credit union that appears to be open to anyone with no geographic restriction.

I'm paying a 15k ADM unfortunately on my GT4, tried to have it bumped down if I financed through the dealer with no luck. Also tried converting some of it into an extended warranty/maintenance plan, but also no luck. Ah well, you miss 100% of the shots you don't take.

Originally Posted by Xxyion

Yeah I have a feeling its going to vary dealer to dealer. Unfortunately this is an out of state dealer for me so I can't even entertain the idea that I could trade the car back to them in the future as incentive. I think it doesn't hurt to try at least though. Right now I can get 3.99% for 72 months with my local Credit Union which is the best that I have found (that I can join) so far so we'll see what happens.

Originally Posted by rusmani

I ended up going with American1CU last week, got 3.49% for 72 months. Best I found for a credit union that appears to be open to anyone with no geographic restriction.

I'm paying a 15k ADM unfortunately on my GT4, tried to have it bumped down if I financed through the dealer with no luck. Also tried converting some of it into an extended warranty/maintenance plan, but also no luck. Ah well, you miss 100% of the shots you don't take.

Originally Posted by Xxyion

Yeah I have a feeling its going to vary dealer to dealer. Unfortunately this is an out of state dealer for me so I can't even entertain the idea that I could trade the car back to them in the future as incentive. I think it doesn't hurt to try at least though. Right now I can get 3.99% for 72 months with my local Credit Union which is the best that I have found (that I can join) so far so we'll see what happens.

Originally Posted by madmilk

Thanks for the suggestion on this credit union. They quoted me the same rate assuming > 750 credit score, and their lock-in period is 60 days so I applied with them just now. My car's scheduled to start production on Friday and an ETA of 12/16 for arrival here so hopefully that's enough time. The Fed's allegedly going to raise the rate .75 points after their meeting on Wednesday afternoon. American1CU supposedly will get back to me in 24 hours with an approval.

Originally Posted by TXRubicon

Will your CU write out-of-state deals? I know on my last car they would only write deals in their own home state (Texas in this case). I guess there are a lot of factors around it but something to confirm.

Originally Posted by vtplm

@rusmani Thanks for the suggestion. I'm in the process with them now too. I put my app in at 2pm PST and they said I'd get a decision at the end of the day or latest first thing tomorrow morning. Fingers crossed I hear back before more rate hikes.

Originally Posted by Xxyion

Well I just got hit with a bit of a financial conundrum. I applied to a credit union for an auto loan. Pretty low rates considering how bad it has gotten. I have an 810 credit score according to my apps. Well I got denied. Apparently I just don't have comparable credit/loans and due to that they won't approve me. Which makes sense, I generally don't buy big, and I somehow have excessive obligations? Has anyone run into this? I guess my only option is to go through Porsche Financing, but will they even approve me even though my local credit union won't? Its not like I don't have the money, its just more I don't have the history. At this point I'm a bit scared I won't be able to get the car.

Originally Posted by Chonson

I ran into the same problem for the same reasons. Ultimately, you may have to place a much higher down payment to get the financed amount below $100k.

Originally Posted by Xxyion

Well I just got hit with a bit of a financial conundrum. I applied to a credit union for an auto loan. Pretty low rates considering how bad it has gotten. I have an 810 credit score according to my apps. Well I got denied. Apparently I just don't have comparable credit/loans and due to that they won't approve me. Which makes sense, I generally don't buy big, and I somehow have excessive obligations? Has anyone run into this? I guess my only option is to go through Porsche Financing, but will they even approve me even though my local credit union won't? Its not like I don't have the money, its just more I don't have the history. At this point I'm a bit scared I won't be able to get the car.

Originally Posted by Chonson

I ran into the same problem for the same reasons. Ultimately, you may have to place a much higher down payment to get the financed amount below $100k.