Porsche Financing
06-05-2003, 02:21 AM
#1
Three Wheelin'
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Location: Arlington, TX
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Porsche Financing
Are there places that will give loans for someone wanting to buy a 10+ year old Porsche? Some of the cars I'm looking at are older than 10 years and my credit union said they won't <img border="0" alt="[nono]" title="" src="graemlins/nono.gif" /> finance older than 10 years...
Where do you go for financing?
Where do you go for financing?
06-05-2003, 02:36 AM
#2
If you have a good credit rating, you can get a loan from PeopleFirst Finance, LLC. If you have a good credit rating your rate will be VERY low compared to others, and they don't care at all how old the car is.
<img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
<img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
06-05-2003, 06:09 PM
#4
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It can be done. My dealer arranged for my financing through BayView Bank (I think they are on the west coast, and I have no idea if they have other branches).
The local banks I asked wouldn't touch it.
I did get a very competitive rate given the age of the car. He actually said that they will write a note for just about anything. The dealer I worked with sells all high-line used cars (Porsche, Lotus, BMW, Benz, etc.), and even has an occasionally vintage muscle car. He said he has even financed those.
BGL
The local banks I asked wouldn't touch it.
I did get a very competitive rate given the age of the car. He actually said that they will write a note for just about anything. The dealer I worked with sells all high-line used cars (Porsche, Lotus, BMW, Benz, etc.), and even has an occasionally vintage muscle car. He said he has even financed those.
BGL
06-05-2003, 06:50 PM
#5
PeopleFirst is an excellent option. They cleared me to buy basically anything I wanted for retail price or below and I have a 753-760 (depending on the source) credit score.
