atl1glf

I was quoted 3.99% for 72 mo at Porsche Financial by my dealer. My build was $156,840 suggested retail and my otd was $158,500, I put $7500 down with a balance of $151k on a C2S Cab . My credit score ranges from 795 and up depending on which bureau you use. Does anyone know how the different tiers work? Also, does the amount that you finance make a difference in interest? I thought PF rates were 2.99 or is that at 60 mo? Dealer is telling me its now 3.99% going to shop interest rate around. Wanted to know if anyone received 2.99 lately or if the rates actually do start at 3.99.

DrewTJ50

Things that will result in a lower interest rate:
- More money down (lower LTV = lower risk for lender)
- Shorter loan term (paid back quicker = lower risk for lender)

PFS is known for having relatively high rates. Def worth shopping around if you have good credit.

butrcrm

When I completed my build and locked my order in early December, the rate with PFS was at 2.99%, and I was quoted as qualifying. Inquired if that was likely to be around when delivery occurs, and dealer said it was 50/50. Appears PFS bumped in the new year, and 3.99% is now the going rate for extremely well qualified.

EMT1

Go to your local credit union
here in Ohio we are paying 1.99 for 72 months
good luck

detansinn

Most credit unions will only do car loans up to $100k. If the OP wants to take advantage of that, they'll need to put more money down. He's putting less than 5% down here.

Scott Mayers

Also paid 3.99 when I did mine. Issue is primarily ltv and >100k

Finance guy told me to hold the loan for a few months and refi which is my plan.

couturegirl

PFS offered 2.99 w/10-20 percent down, but I ended up putting 55k down and going through a credit union 1.99% for 60 mos.

Wilsontour

2.19% 60 months from Bank of America on 1/2 transaction.

detansinn

drcollie

I got 2.10 % from Chase on my recent loan (48 mos) on my 992.

I debated paying cash for the car - but that's such cheap money why would I want to sell off some of my investment portfolio that is performing at 85% in 2020?

3uros

3.99% for 72 mos. through PFS isn't terrible as they're known to be much higher than banks and even other captive lenders. 2.99% probably was/is for 60 mos. I wonder how long PFS will ban dealer rate mark up's.

steve9

In the UK finance through Porsche is currently at 5.87% !

atl1glf

That is what I ran into. I didn't want to put a lot down and my credit union only wanted to do up to 100k

dgasmd

I have a personal axe to grind against Chase and their history of serious ethnic abuses and business practices, so they could give me a loan with -50% interest and I wouldn't take it.

The best deal I've seen to date has been one of my local credit unions with 1.89% for 36 months for credit rating above 740, and they will even take 0.25% off if you are in the healthcare field or deemed an essential worker.

I ended up with about 50% down for my carrera cabriolet and the rest financed over 3 years. Truth is, in about 2 years, I'll likely be trading this in for something else. Likely it is I will take the equity out and invest it, and just lease the car from a corporation I own.

BlitzedTT

I literally just got off the phone with BofA - they are at 2.59% for 72 Months and will do 135% Loan-To-Value... so you can do it with 0 down if you really wanted to.
And if you are Preferred, this rate can be bought down to 2.09% across 72 months.
No Loan Maximum - well I gave her a $150K example... but she started saying that they have funded lambos