Does anyone know the rates for financing through Porsche for a certified Porsche approved?

Thanks!

 

No, but keep posting. You've got the best avatar going.

 

It depends on your credit score, but Porsche's financing rates aren't that competitive. You're usually better off going through a credit union.

 

You get whatever the new car interest rate is at that time/you qualify for. Most credit unions can beat it.

 

Just got 4.25 from Porsche on a used 04 C4S

 

Thanks for the info. Not bad. What was the term?

 

I went in to pay cash for the car but at 4.25% it made more sense to finance. Anyway, I wanted 24 months but they told me that I could only get the rate on 60 months. So, I'm just making double payments .

 

Thanks! That is a good rate. I am also a previous customer of Porsche Financial too. Not sure if that really matters. It does seem that dealers are somehow limiting the rate, or simply not pursuing lower rates. Is this possible? My credit is excellent, and one dealer said the lowest they have seen from Porsche is 5.9%.

 

Don't know about other dealers but when we went in they told us it was a special "deal" from Porsche that was taking 1 pt. off the rate. I know that dealers make money on the spread (rate) charged so I'm sure it differs from dealer to dealer.

Good luck.

 

That's very odd. It's almost always the other way around. The LOWER the term, the better the interest rate. Also, the smaller the loan amount the higher the rate. New versus used is also a factor. The "best" rate would be a NEW car, with the SHORTEST term, and the LARGEST note.

 

I agree, but that's what it was.