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Old 02-12-2019, 08:00 PM
Join Date: May 2013
Location: North/Central, NJ
Posts: 184

When I bought my 2005 C2 14 years ago I financed it with get this - a zero % until paid off $25k loan offer from Discover Card and used my home equity credit line that was running/averaging less that 3.0% sometimes as low as 1.75% (which was prime rate less a 1% ) and TAX DEDUCTIBLE so the rate was even lower. Anyway there are smart ways to finance, however I have never seen a 0% offer like that again nor do i think i ever will - and i never used my discover card for purchases. Plus I can still get in the low 30's for my car. BTW to the OP there are CD's out there paying 3.5% for four-five years FWIW. Guess i just got lucky and now just have to worry about $ for a Flat Six rebuild given all this BS (bore scoring) discussion. From the latest, it looks like 997.2 and 991 could inevitably be subject due to DFI so maybe a Raby built 997.1 will be the 993 of the future ha ha
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Old 02-13-2019, 11:07 AM
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Join Date: Nov 2006
Location: Clifton, NJ
Posts: 12,625

Originally Posted by ryangambrill View Post
Thank you both for providing value to this thread.
no judgements. You do what works best for you. Sounds like you got a whole bunch of options. The one time I did a car loan, I used lightstream and it was as easy an pleasant as possible. No questions about the car, no lien, nothing. Just cash in the account in 2 days. Piece of cake.
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Old 02-13-2019, 07:05 PM
Join Date: Oct 2017
Posts: 62

OP, another pov. If an appliance like Honda CRV financing makes sense. It belongs in the same mental bucket like mortgage, bills etc.. you need to get to work rain or shine.. Now talking of your summer toy and fun other car I would pay cash. You don't want to be reminded of a monthly payment every time you fire up your 997. Finance and you will turn ignition with left hand and feel wallet with right hand as Porsche intended..
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Old 02-13-2019, 08:00 PM
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Join Date: Nov 2006
Location: Pittsburgh, PA
Posts: 9,947

Well, let's add another curve ball. Certain cars are actually an appreciating asset. Not sure our 997's are there yet (not even the turbo), but I assume they will be eventually. In that case, when there is great market uncertainty, liquidate from the investment account and put the proceeds into those cars that you think will appreciate. Even if they appreciate just a little bit, you might be further ahead if the market tanks. At least that's what you can tell your wife when you decide you need to grab another cool car
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Old 02-14-2019, 12:35 AM
Vince Honorato
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Join Date: Dec 2018
Posts: 23

Lightstream here, 0 down, 5%, credit score mid 750's. Not bad for a 12 year old car with 90k miles. Money in account within 2 days.

Had the PPI done and deposit down the next day.
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Old 02-14-2019, 12:50 AM
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Join Date: Mar 2017
Location: Texas
Posts: 510

Originally Posted by workhurts View Post
Doc. What paid 18% last year? The market was mostly flat. Real estate cap rates over 10% aren't easy to get and with higher returns risk goes up significantly so am curious what kind of asset did 18% in 2018.
Most of it came from stock picks that I had. Military stocks for the most part.
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Old Yesterday, 04:55 AM
Cyn Crvr 997S
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Join Date: Jan 2019
Posts: 39

Another one here for Light Stream . Actually I stumbled on them thru Lending . Painless easy and 2 days cash in the bank . Easiest loan I've ever applied for .. As others have mentioned,, they have no interest in the car , its basically a signature loan . Just recently bought my 997 last month put 16 grand cash down 20 on the loan . I didn't want to drop all cash for the full price . Came to 4.75 % , $386.18 for 60 months. I'm pretty happy with that , and already have the pink on hand ..
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