pengoe

Hi
I'm slated for a 3/17 build date, but haven't heard anything back from Porsche Finance. Still not sure if I should lease, finance or just pay for it outright - depends on the numbers. If anyone has any information on what current rates Porsche Finance is floating, I'd appreciate it.

Thanks !

Bullit

Was just offered 2.9% for 60 months and 3.9% for 72 months by a Porsche dealer. Can't confirm whether this is with Porsche Finance or not as the dealer handles several other lines. Hope that helps. Good luck.

jpasiczn

Wonder about CPO cars? Any special offers from PFS at this time?

ChadF

i have a few tidbits. i was in looking at a new 911 two days ago and we ran a few numbers just to see what they were. we assumed top tier credit. finance was as said above, 2.9 and 3.9.

the lease numbers were not good. the 36 month residual on a 911 base with 7500 miles per year is 60%...the MF they were using was terrible, .00245.

i did not push at all on any of these deals as i am not quite ready and therefore had not done the research on rates and incentives.

boolala

A MF of .00245 is an interest rate of 5.88%

NA011

Car Lease Rate:

http://www.leaseguide.com/Glossary/car-lease-rate.htm

Lease Rate Calculator:

http://www.timevalue.com/products/tc...alculator.aspx

hpowders

Since someone asked about CPO: I just bought a 2007 CPO base 997 coupe. My credit score is excellent. I was offered 3.49% for 60 months. The Porsche dealer used Bank of America. He told me Porsche's rate would have been much higher. I took the 3.49%.

Marine Blue

Thanks for the info guys, this is very helpful for many of us which are about to purchase a new Porsche. My credit union approved me for 4.49 for 72 months (best they offer), it appears Porsche has better rates! Going to have to apply.

Bullit

I think there are better rates out there. The rates I quoted above I believe are through VW Finance. Also might be worth checking PenFed.org. Many members have used them and their rates are generally pretty attractive. Good luck!

Dave I

Pentagon Credit Union has 3.49 for 72 months (2.99 for up to 60 months). PFS has a great money factor going on Boxster two/three-year leases through 3/31. .001189 which is less than 3%...not sure what the residual %'s are, though.

Marine Blue

I'll definitely have to look around, thank you for the heads up.

Unfortunately I don't qualify for penfed, not employed with the government or in the millitary. Bummer because the rates are excellent.

ChadF

@ marine blue...you can join penfed simply by paying a fee. Check it out.

Bullit

PenFed explained to me that all you have to do to qualify for memberhip is to join the national military association by making a $20 donation. This makes you a member for life. I would definitely give them a call to get the details....phone is 800-247-5626.

Marine Blue

Thanks for the heads up!

Marine Blue

Just a quick update.

I became a member at penfed and they did offer me a loan but they didn't give me the full amount I had asked for since I was a new member. It was close but no cigar.

So I mentioned to my local credit union that I was offered a lower rate but it would have been a hassle to get the loan and they said "what's their website". I give them the website and we hang up shortly after that. 2 minutes later they called me back and offered to match the rate and give me the amount I want! I couldn't believe it!

So for those looking, don't be shy about asking for a better rate if you know they're out there. The good local banks must want to keep the business local and flexibility exists.