timabe

Man, i would hate to be making payment for my 993 AND payments to FNBSS (First National Bank of the Slippery Slope). That would be BRUTAL!

On the financing question, I've heard good things about Premier.

Spartan

Pen fed hands down

Kika

sorry, I am easily distracted

ryguy993

JJ Best is very easy to deal with. I am not sure how competitive they are right now.

craig001

I'll bite, who/what is Primier? I may need a bridge loan to cover me getting a pcar I can title until the title mess of the one in my garage is finally straightened out and I can sell it.

Ernest72

Are you guys against mortgages and credit cards too? Just kidding. Sometimes financing is the only way to buy something that no one in your life thinks you should buy.

ASH.PALIN

Trouble is.....they're usually right.......

In all seriousness it is not a great idea to 'finance' an older specialist car like this, I've had mine 7 years now and I have put a load of money into it, it has been very reliable but to keep it in good nick you have to spend, whilst you can do a lot of wrenching yourself, here in the UK we keep the service history up to date so that means a once a year servicing at the very least and that usually costs a few quid.

These cars, while rock solid, are very expensive to maintain and keep in good condition, so if you're stretching to actually purchase it, it may become, as mentioned before "a money pit"

IMHO

DC from Cape Cod

You assume he is stretching to purchase it because he is financing it? He may be financing for any number of reasons. I financed mine because my income is sufficient but irregular...then paid off the 5 year note in 13 months when I had a good month. Other people might finance because they can earn more on their money than the cost of financing. Others may consider this car, which holds value FAR better than a new car, to be a better choice for financing. Heck, he might even finance because he doesn't have $40K but can easily afford $1k a month. Let him decide if financing is the right choice...and we can help him by answering his question about which company to go through (I went through Capital One but a local credit union is probably better, if you have one nearby).

Kika

You are absolutely correct, and none of us really knows what the OP's financial situation is. It IS in fact a smart thing to finance in some cases and invest cash in other ways.

In MY case, I made the huge financial blunder of purchasing a brand new 87 Turbo Supra when I graduated college. I had an engineering job at Rockwell, and could afford the car. BUT, looking back, it was a stupid place for me to put my money. I should have kept my 80 Celica GT for a few more years, and put my cash into Real Estate. It was a lesson I eventually learned from, and since then, I usually buy used cars, and have never financed any of them.

As an engineer, I did a bunch of numerical analysis when we bought our house, and learned the time value of money. We struggled early on, but made huge efforts to put a bit extra into our mortgage payment and even re-financed in 93 from a 30 to a 15 year loan, even though our monthly increased, the overall load decreased by MUCH more. We made the final payment on our home in 2008.

So while I do not know anyone else's particular financial situation, in general it is an unwise investment to finance things that are likely to decrease in value.

and apologies again to the OP for not answering the question....again.

Stuttgart951

The guys I know who financed older car purchases also went with JJ Best Bank.

Ernest72

The way I am looking at is, I do not want to take a huge chunk of cash and stock and buy a porsche. My wife might kill me. But I can take a little from savings and finance the rest. Pay it off and enjoy the car. If bad things happen, like job loss or I somehow I lose interest, I can sell it quick at a discount to pay the loan off and consider my downpayment the price for having some fun. I have done this before with cheaper cars and have never regretted it. Making money on these types of hobbies is nearly impossible. My current daily driver is an 04 WRX wagon I bought new and have modded perfectly for me. My plan is drive the subie in the winter and the 993 in the summer. Just need to find the right one.

brenan lim

Interesting topic. I'm also looking for the best financing source. Over the last several months, many of the biggest credit card companies have raised interest rates and tested new annual fees on some products. However, if you aren't satisfied with your bank's credit card because of high interest rates and hidden fees, consider dropping it for a credit union. If you or an immediate family member is a part of the United States armed forces of a government contractor, Pentagon Federal Credit Union (aka PenFed) is supplying the PenFed Promise Visa card. Reduced rates and no charges at all clean up the money-wasting mess in a hurry.