DVS-

Hello all, Just picked up a 991 tts. My credit union offered 1.49 Apr for a 84 mth loan.

LexVan

My bank charges 0.00% and can pay them back if, and whenever, I feel like it. They only require that I plan a year or two ahead before I take the money from them.

Congrats on the new Turbo.

You might need gap insurance. Look into it.

titleistaddict87

Sounds about right, especially from a credit union. Helps to explain why Porsche and many luxury automakers had record sales in 2015.

STG

What's unreal is that you would've thought these banks would have learned their lesson.

Wait until an inevitable major market and economic correction takes place. You'll be able to buy luxury cars on the cheap in the next couple years.

Cars are the next housing bubble. You'll have people walking away from cars that they owe more on than they are worth.

http://www.worldcarfans.com/11601121...-trouble-ahead

Larry Cable

which bank?

jimbo1111

Might as well up the anti and jump into a Ferrari lol.

titleistaddict87

+1! LaFerrari here I come....

STG

Yeah. Get a 30yr auto loan on it! I shouldn't speak. The 10yr loan will be here soon.

titleistaddict87

Hahaha or this may all be irrelevant after 8p tonight with 6 lucky numbers...

jimbo1111

Would probably die before the principal is due. Win win.

STG

http://www.msn.com/en-us/autos/autos...50s/ar-AAgkL9L

$2,200/mo

chio4

84 Months Geez!!

neurotic

Jesus. Who takes a 84 month car loan? Can I get a 30 year loan on a 918?

tomc_mets

Stop reading my mind!
T

blinsc

Eh, with a 1.49% interest rate, the loan length is basically irrelevant. For one thing, it's a depreciating asset that is going to lose 30% of its value in the first year. Just for conversation, if you finance $200k for 60 mo versus 84 mo (both at 1.49%), that only saves you about $2,500 in interest paid but the monthly payment on the 60 mo would be a thousand dollars more. Either way, you're still going to lose $50k+ on the car in the first year.

The last couple of cars I've bought, I put down ~35% to stay ahead of depreciation, then financed for 6 years. No regrets.