Porsche Options financing... ?
#1
Rennlist Member
Thread Starter
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
#2
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.