Porsche finance & lease rates 2023
07-30-2023, 12:49 AM
#121
Pretty sure the base rate for lease is .00340 which equates to 8.16%
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Sajan (08-03-2023)
08-21-2023, 08:29 AM
#124
does anyone know what the best PFS rates are as of Aug 23?
08-21-2023, 08:28 PM
#126
If you look at the trend line (just google "u.s. interest rates history 100 years"), interest is headed towards zero (or 1-2%). We are awash in capital. It isn't expensive to borrow. In the long term, these fed policies are a blip, and we will likely go back to low interest rates–if history is a guide. And you can graph trend lines.
Age doesn't equal intelligence. Age equals experience. And experience is only wisdom if you learn from it.
The following 2 users liked this post by lekun907:
heroicdeath (08-21-2023),
jbentley1018 (10-28-2023)
08-22-2023, 07:29 PM
#127
Saving account interest went from 0.1% to 4-6%, so make sure you're taking advantage of both sides of the equation. I earned more saving account interest last month than I did in the last 10 years combined.
08-23-2023, 12:31 AM
#128
Rennlist Member
Not true. I mean, yes, interest rates were higher in the 80s and 90s. Actually–if age were somehow related to intelligence–you might be too young, because interest rates climbed in the 70s. Peak was like 81, but practically declined throughout all of the 80s, 90s, and 2000. So if you are 60 and were in your 20s in the 80s you are used to interest rates falling.
If you look at the trend line (just google "u.s. interest rates history 100 years"), It isn't expensive to borrow. In the long term, these fed policies are a blip, and we will likely go back to low interest rates–if history is a guide. And you can graph trend lines.
Age doesn't equal intelligence. Age equals experience. And experience is only wisdom if you learn from it.
If you look at the trend line (just google "u.s. interest rates history 100 years"), It isn't expensive to borrow. In the long term, these fed policies are a blip, and we will likely go back to low interest rates–if history is a guide. And you can graph trend lines.
Age doesn't equal intelligence. Age equals experience. And experience is only wisdom if you learn from it.
Respectfully, WTH are you talking about? Historically, credit hasn't been free (which I consider below 2% and have been at for the last few years). Now, we're back to normal where credit costs money.
"interest is headed towards zero (or 1-2%). We are awash in capital." Show me where I can get credit for that rate currently.
08-23-2023, 01:59 AM
#129
Advanced
Not true. I mean, yes, interest rates were higher in the 80s and 90s. Actually–if age were somehow related to intelligence–you might be too young, because interest rates climbed in the 70s. Peak was like 81, but practically declined throughout all of the 80s, 90s, and 2000. So if you are 60 and were in your 20s in the 80s you are used to interest rates falling.
If you look at the trend line (just google "u.s. interest rates history 100 years"), interest is headed towards zero (or 1-2%). We are awash in capital. It isn't expensive to borrow. In the long term, these fed policies are a blip, and we will likely go back to low interest rates–if history is a guide. And you can graph trend lines.
Age doesn't equal intelligence. Age equals experience. And experience is only wisdom if you learn from it.
If you look at the trend line (just google "u.s. interest rates history 100 years"), interest is headed towards zero (or 1-2%). We are awash in capital. It isn't expensive to borrow. In the long term, these fed policies are a blip, and we will likely go back to low interest rates–if history is a guide. And you can graph trend lines.
Age doesn't equal intelligence. Age equals experience. And experience is only wisdom if you learn from it.
08-28-2023, 09:57 PM
#130
My dealership (Porsche Gold Coast in Long Island, NY) just told me 8.99% for PFS lmao. They said even though I had excellent credit, my overall history was too short. Trying to take advantage of me being 31? 100% on-time payments since my first credit card at 18 not enough?
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
Last edited by PandaSPUR; 08-28-2023 at 10:01 PM.
08-28-2023, 11:05 PM
#131
My dealership (Porsche Gold Coast in Long Island, NY) just told me 8.99% for PFS lmao. They said even though I had excellent credit, my overall history was too short. Trying to take advantage of me being 31? 100% on-time payments since my first credit card at 18 not enough?
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
08-28-2023, 11:40 PM
#133
Nothing to be baffled about. The finance person at your dealer likely bumped your rate if you have the top tier 1 credit score. Ask them to show you the credit check and rate they got from their Fico auto credit score. If they refuse to show it to you (may be a law in some states that they have to if you request), they are playing games.
08-28-2023, 11:41 PM
#134
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08-29-2023, 12:07 AM
#135
My dealership (Porsche Gold Coast in Long Island, NY) just told me 8.99% for PFS lmao. They said even though I had excellent credit, my overall history was too short. Trying to take advantage of me being 31? 100% on-time payments since my first credit card at 18 not enough?
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
They're also a "preferred dealership" with Bank of America, I saw them run my credit report for BofA so I asked what the rate with them was. The guy claims BofA's rate was even higher, not worth mentioning.
I go to BofA myself and apply for an auto loan, instant approval with 6.14% for 60 months ~40% down. Emailed the business manager the approval letter and asked him to explain. Called him too, no response.
Called my sales guy instead (much nicer and more competent guy), he was baffled and said he'd talk to the business manager.
Picking up my car tomorrow, looking forward to seeing what they have to say in person. 971 GTS btw, not 992, just figured I'd share.
I am getting my car from same dealership. I haven’t applied yet since my car hasn’t arrived. Rates are high my sales guy suggested I got Tom chase.
planning to apply next week since my car is due to arrive September 6.