TheGeneral

A $100,000 min. finance requirement at 7.13% for 5 months sounds like a minimum $3000 ADM to me. Am I missing something?

breny4104

How can they enforce the 3 month or 5 month finance requirement? Most loans you can pay off any time without penalty.

dixonk

My guess is they just hold it against you when it’s time for the next allocation. My dealer wanted me to finance a portion as well but I negotiated with just buying windshield and tire and wheel at a discounted price instead of the crappy finance rate.

30YrDream

yeah this is what I was wondering. I tried winter wheels and tires and that didn’t fly. I was asking ATX just to see if there is a prepayment penalty in the first five months.

Also, to the other posters, the way to think about the interest rate is to offset it against what I’m earning in a CD/savings account. I think it’s more like a $1000 ADM.

would have preferred cash, but sometimes you take what you can get.

ATX… any term restrictions or other odd stuff to consider?

dixonk

Winter wheels would only pad the parts dept numbers. Warranties and protection plans pad the finance dept numbers. My guess is finance dept numbers are behind and people just aren’t opting for these types of plans as they would like or crappy finance offers. That’s why they want you to go for these high interest poor quality loans where they can earn a couple points for themselves. Obviously the dealer is not paying 7-9% or whatever the latest lousy rate is.

PSPorsche

They sell the loans. Obviously, higher rate loans are worth more.

suffer

I financed my Cayman GTS 4.0 through Porsche Austin and immediately re-financed through RBFCU. That was last year, and I still got an allocation for my 992 recently.

KG18

Any idea what current PFS rates are? Agreed to do PFS on a European Delivery as a way of getting no ADM. Not sure whether I can pay off the loan after the European Delivery or whether I need to wait for it to arrive stateside. Ideally wanted to pay cash, just trying to figure out what my effective ADM is here.

nyca

Those rates at Navy Federal are the best I've seen.

jack_carls0n

I got PFS rate of 8.25% and went with BOA for the European Delivery (BOA is 5%).

You can always pay off the PF Loan whenever you want. There is no prepay penalty. Just depends on your dealer, what is the deal you have between you and them.

dixonk

7.74%.

M3Inline6

I financed through my department credit union at around 5% in April of 2022. I put down $48,000 on my 992 Carrera S.

Crusje

Navy Federal is 4.54 for 36 months, 4.99 for 60 months. I was going to pay cash, but I'll probably take the 4.54 since t bills are still higher than that. If my 911 ever gets built with the current issues.

nyca

Yes, after seeing this, I am doing Navy Federal membership now - it's a bit restrictive because you have to go onto a military installation around here to get to the branch to apply.

jack_carls0n

I am guessing you are related to Military personnel or were in military in the past. Unless you have a approval military relation, navy fcu won't give u the membership or the loan.

In my case BoFA was the best option and easier to deal with especially because of ED which takes 2-3 months extra.