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Porsche Financial Rates Dropping

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Old 04-01-2020, 01:29 AM
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chance6
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Originally Posted by C.J. Ichiban
I am a dealer and can tell you that they have dropped the rates a lot- our 'buy rate' was nearly 5% a few months ago, now under 3
Thanks for the info- is this for less than $100k financed, excellent credit score and 60 months? Or does greater than $100k not matter in this case?
Old 04-01-2020, 10:58 AM
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uniqueMR
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Couple days back:

Porsche Financial Services (financing): quoted lower 3% @ 60 months
Porsche Leasing (leasing): quoted around .0025 or 6% @ 24 months


But again Porsche is not a "high volume" brand. So cannot compare with Mercedes, BMW, VW, etc.
Old 04-01-2020, 03:48 PM
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Originally Posted by chance6
Thanks for the info- is this for less than $100k financed, excellent credit score and 60 months? Or does greater than $100k not matter in this case?
tier 1 credit and length of loan are the indicators they parse. if you do 50k or 200k that comes down to credit-worthiness, not programs necessarily.
Old 04-01-2020, 04:03 PM
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Originally Posted by C.J. Ichiban
tier 1 credit and length of loan are the indicators they parse. if you do 50k or 200k that comes down to credit-worthiness, not programs necessarily.
OK, so I present to you with a 750 score and want $100k for 60 months on my MSRP $150k new 992 with a 5% discount.

Is this possible? If so, what's that going to cost me?
Old 04-02-2020, 12:37 AM
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Originally Posted by C.J. Ichiban
tier 1 credit and length of loan are the indicators they parse. if you do 50k or 200k that comes down to credit-worthiness, not programs necessarily.
Cool, thanks C.J.

For those of us that live in a state that no longer gives a tax credit on a trade-in, making an individual pay the entire sales tax on a new car, dropping the finance rate by 1.5-2% goes a long way to mitigating that extra cost, entirely.
Old 04-02-2020, 12:43 PM
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I was quoted 2.49% from my dealer this morning...
Old 04-02-2020, 02:00 PM
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Originally Posted by jkwb
I was quoted 2.49% from my dealer this morning...
for what term/amount? great rate.
Old 04-02-2020, 02:13 PM
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Originally Posted by slc4s
for what term/amount? great rate.
They told me up to 60 months. I honestly didn't specify the amount. With the order I have placed, 5k deposit, 7K off msrp and 35K for my 2013 Boxster as trade in, I think I have about $116k left (thank you CT 7.75% sales tax) so I assume they are thinking I am financing the rest. I didn't fill out an application yet as I filled one out at a credit union I have an account in that is advertising 1.99%. I was thinking the Porsche rate will be my back up.

Old 04-02-2020, 10:38 PM
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Porsche Financial Services offering 2.49% means they wanna move cars.
The following 2 users liked this post by chance6:
markanth (04-03-2020), Patriot (04-03-2020)
Old 04-03-2020, 02:49 PM
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Originally Posted by rangerfan94
OK, so I present to you with a 750 score and want $100k for 60 months on my MSRP $150k new 992 with a 5% discount.

Is this possible? If so, what's that going to cost me?
if you are serious, send me a DM. I don't want to put all the stuff out there but that's not in any way a hard deal to push through. If you have a 750 and want to do ~30% LTV I'm sure we can make that happen as a dealer, as could anyone else.
Old 04-03-2020, 02:50 PM
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Originally Posted by uniqueMR
Couple days back:

Porsche Financial Services (financing): quoted lower 3% @ 60 months
Porsche Leasing (leasing): quoted around .0025 or 6% @ 24 months


But again Porsche is not a "high volume" brand. So cannot compare with Mercedes, BMW, VW, etc.

we have a few Audis we can actually do 0.0% on...
Old 04-03-2020, 03:48 PM
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Originally Posted by C.J. Ichiban
we have a few Audis we can actually do 0.0% on...
How about on an R8?

Old 04-03-2020, 03:57 PM
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Originally Posted by slc4s
How about on an R8?

hahaha
Old 04-03-2020, 03:59 PM
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Originally Posted by chance6
Porsche Financial Services offering 2.49% means they wanna move cars.
Nice, half a percentage down from last week quote of 3%.
Covid-19

I will buy one more Porsche at 0% from PFS lol
Old 04-03-2020, 04:04 PM
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I snagged a CPO Porsche almost 3 weeks ago and my rate was 2.5% at that time.


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