stevebmd

i have bought two cars using pen fed, both new and used. 2.99 for 60 months is hard to beat. for sued they are looking for a.8 loan to value ratio.

MagnusB

What about rates for used cars?

Charlie C

In Dec, I got 1.9% 60 month through Porsche finance for my 06 C2S Cab. I don't know what the current offers are though.

GolfTango3

I've financed both my Pcars through PenFed. Great place to finance!

First time was a hassle, but for the GT3 one phone call and they mailed me a check.

mdrums

What's the math to figure that out? Thanks

saeyedoc

MF x 2400=interest rate

gravedgr

I've gotten I think 3 cars now with PenFed, similar experience - one phone call and they fedex me a check within 24-48 hours. This last time I went with Navy Federal (bigger hurdles for membership) as they were offering 1.9% vs. PenFed's 2.9%.

blake

I bought my CPO 06 C2S Cab in January, and learned that the high volume dealers were NOT offering the 1.9% Porsche financing because they would have to sing up to take/hold ALL cars off lease return (no option). Unfortunately, I purchased mine from a high volume dealer so used PenFed with a used car 60 month rate of 3.25%. This is my second car with PenFed and I could not be happier.

Heads up that each dealer has the option to buy into the Porsche factory programs...

-B

Marine Blue

For reference I got 3.49 for 72 months through my local credit union.

C4S993

Hi, I am glad you guys are discussing this as I am biting at the bit to get into a new base 911. The Porsche web page has a lease calculator and although it yields various $ quotes it does not note the % rates for the various lease miles/months. How can I figure that out ? Also, are the dealers trying to un-load 2011s to get room for the 2012 ? I would hope that when the 2012s come out the 2010s will be at 1.9% ? BTW: The local P dealer is Autohaus, Lancaster, Pa. B of A is offering me 4.5%

Thanks,
Patrick

gravedgr

PenFed is currently 2.49% up to $70k
NavyFederal is currently 1.99% if you qualify

boolala

That's how many people decide whether they can "afford" to lease a car: based upon the monthly payment; so most dealers will only give you the bottom line.

For a given term there are two variables: residual and money factor. If you know the lease payment (and the quoted one does not include taxes which vary by state) then you need to be given either the residual or the money factor in order to calculate the other one.

C4S993

Thanks for the info. I am planning on $30k up front and I'll pay the Pa tax in installments per month as I am not buying it new and have no trade in. So I am trying to lower the monthly payments as I need the bulk of my $ growing in the recovery in stocks. At lease end, likely two years, I'll pay cash for half of the residual and get a 2 year loan for the balance. I want the monthly payments for the lease around $400.

I like the gt3 but a recent trek with the older 996Gt3 was horrible, worse than my 993 C4S. I would hope the 997 Gt3 is less darty and bone jarring (?). 2nd choice is the GTS Cpe, 6spd. Recent test drive of a C4S was less than inspiring. I yearn for the 993TT low end torque but want a new Porsche and dislike the new TTs, too pricey.

Patrick

CodeRed

Dont think that you should prepay on a lease...

dasams

This is rule #1. Now preparing on a loan is a different matter all together. dave