View Poll Results: How did you acquire your Porsche?
Purchased, paid in full.
100
51.28%
Purchased, financed with conventional auto loan.
49
25.13%
Purchased, financed with home equity line of credit.
18
9.23%
Leased.
28
14.36%
Voters: 195. You may not vote on this poll
How did you acquire your Porsche?
10-15-2006, 12:10 PM
#16
Instructor
Join Date: Sep 2006
Location: Tampa, Florida
Posts: 141
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Using leverage is a wonderful thing. Opens cash for investment to make more with your money. If your Rate of return on your money is higher than the cars APR why not do it? Better than justing owning a depreciating asset.
10-15-2006, 09:25 PM
#20
Instructor
Join Date: Sep 2006
Posts: 181
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Most dealerships will let you charge up to $2,000 without a sur charge. After that, they will most likely pass on whatever the credit card fee they have to pay. A friend of mine bought a M-B a while back and put about $70,000 on the card since he likes to collect points (he could have paid cash but that his thing). The dealer charged him a sur charge for the fee the dealer would have to pay the credit card company. I forgot the %. He travels internationally often and uses points when he can so he felt the points were worth the extra fee.
10-16-2006, 01:30 AM
#22
Three Wheelin'
Join Date: Jul 2006
Location: NEast Florida
Posts: 1,521
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Originally Posted by ryangambrill
MasterCard......good way to get those points. Is there a limit that dealerships will allow to be placed on a credit card?
The last time I paid for a 3series bimmer at the dealership with a credit card,
they would only accept $5k max. I use a 1% cashback card, so I use my card for everything, free money back.
