Porsche Options financing... ?
Thread Starter
Rennlist Member
Joined: Oct 2006
Posts: 105
Likes: 83
From: SF Bay Area
Porsche Options financing... ?
Does anyone know how exactly this works, or if it's a good idea or not? The rates come up better than leasing, and better than a traditional loan, but I'm having a hard time understanding how it's different. (The Porsche website is rather vague.)
Appreciate any thoughts or advice regarding this!
thanks,
christina
Appreciate any thoughts or advice regarding this!
thanks,
christina
Intermediate
Joined: Aug 2006
Posts: 38
Likes: 0
The problem with the site is that you must put in the finance charge. I asked the local dealer what that rate is running. I was told around 7%. This may shift favorability to a lease in some circumstances.
I was under the understanding that Porsche Option is similiar to a lease but the car is under your name and there is a balloon payment due at end. Of course you could sell it, turn it in or buy the vehicle at end of term.
Cheers.
I was under the understanding that Porsche Option is similiar to a lease but the car is under your name and there is a balloon payment due at end. Of course you could sell it, turn it in or buy the vehicle at end of term.
Cheers.
