Jlbarnett

Used Lightstream 3 years ago when I got my 993. 2.5% interest rate and an unsecured loan. Can’t beat that

rrc715

My buddy used JJ Best for his financing. Seemed pretty easy process.

AdamIsAdam

I've used XCELfcu.org twice. 2.99% for 60 months.

KrazyK

Why not? The 993's are now considered the gold standard of Porsche investments. Have you seen the price of a 993 TT? Mindboggling for sure.

The 1998 Turbo S is probably the best looking Porsche ever built, past or present.
Perfection:

Quadcammer

and thats a reason to finance it, why? They may very well drop from their recently achieved highs, and have already done so.

David993S

^^ this. But regardless if they go up or down in value, I would never recommend financing an unnecessary luxury item / expensive toy.

Todynot

Quadcammer

If you have the cash and intend on using it for a higher yielding liquid investment, it may make sense to finance, but me personally, I couldn't stomach having to make car payments, so I buy my stuff in cash. Tried financing a portion of a car once at a very low rate, and I hated it.

AdamIsAdam

I tend to agree with this. Plus, if you pay cash for a car, and forget for a moment if that car will go up or down in value, but if you pay cash you are removing that cash from other investment vehicles. If you are earning 6-12% right now in the market, why lose out on that when auto interest rates are 2-5%. Plus, your money is liquid rather than being tied up in something harder to sell like a car.

I always find it funny how people are so dead set against financing a toy, but most of those same people drive new, financed cars (leases or loans) and a new car drops in value like a rock.

To me, if interest rates are low, then that's leverage. Just don't get into hock in the process of course.

myflat6

^Agreed. Rates are low and cash has better yield options. It is funny how there is less debate about financing or leasing new cars that depreciate immediately and heavily.

David993S

^^ This is true. But the reality is most people financing a toy are doing so because they don't have the cash to buy outright, or better yet, invest with a good rate of return. I don't begrudge a person financing a toy, I just personally don't recommend it. People are free to spend their money any way they want.

Gbos1

A car is a depreciating asset period. Maintenance, upkeep, storage etc... Bottom line is if you don't get a sub 30K mile car and park it you will maybe break even at best after everything else. The 993's have doubled in value over the last 6-8 years and now have leveled to slightly down in price. If you have the cash and have maxed out all investment avenues then good for you ... but for the average Joe this investment (if you want to call it) is not a wise use of funds.

AdamIsAdam

Right, it's a hobby, not an investment. If you play golf, do you look for an ROI on your new clubs or the greens fees?

KrazyK

If everything you own, including your home is paid for, there is absolutely nothing wrong with financing the right 993 at the right (low) rate. The subject was financing 993's not "any toy". The right 993 is similar to a marker, stock, real estate, or CD you hold for a period of time. Sure its an "extra" and not producing cash flow but I've never had fun owning a "stock". The right 993 can be enjoyed even if its parked inside and not driven. I think the 1998 993 Turbo S in top condition is estimated to be worth half a million? Not bad.

There's also those that believe that sometimes you have to enjoy life and live each day like its your last. I wasn't aware anyone had figured out a way to take cash with you when you croak without warning.

Detoxx

Another vote for Penfed as I used in the past, had better rates than USAA at the time. Really easy to deal with.