raydog9379

If you guys go to PenFed you can refi any 2019 or 2020 model year for as low as 2.49% for 36 months. Or you can get 60 months for around 3.74%. Generally they are the best deal around. I usually shop them and Lightstream. The loan on my Cayenne was refi'd as soon as I could get a loan # and payoff amount from Bank of America. The dealer tried to make the $ off the rate w/ excellent credit to make up for the deal I got on the price of the car. Nice part of Lightstream is that they don't hold the title (at least if you have great credit they don't) and I had the money in my Checking account with my own bank within a couple hours of finalizing the loan to then payoff the other.

pokingaround

The process you describe is interesting and sort of surprising. I've refi'd real estate loans scads of times, and the funds always go direct. Didnt occur to me that a car loan refi would send the $ to you, to then pay off the existing loan.

I plan to do this on my car as well as soon as Porsche allows me to refi (4 months in my case for whatever reason...) Funny though, am using BofA as they are offering me about 3.75 for 60 months. I'm a BofA and Merrill Lynch preferred client though, so maybe that's why the rate is competitive.

puraj83

that's awesome. what dealer? my local dealers max at 5%

minbomin

MBR993

call Chad Pierce at Perimeter Porsche in Atlanta. He will get you a great deal and is great to work with! We are getting our new Cayenne from him on Monday

crack3rd

If you don't mind me asking, which dealer did you buy from? Is it from California? Thanks!

Fly121

I received 7% off custom ordered Cayenne turbo and had a trade in of 2013 X5M ($16,000.00) and paid cash for balance owed. no finance through dealer.

QQQ

Anyone find rates more competitive than this?

https://www.ngfcu.us/rates/autoloanrates.aspx

New VEHICLE - FIXED

3 Years 2.49% 36 monthly payments of $28.86 per $1,000 borrowed.

4 Years 2.74% 48 monthly payments of $22.02 per $1,000 borrowed.

5 Years 2.99% 60 monthly payments of $17.97 per $1,000 borrowed.

6 Years 3.24% 72 monthly payments of $15.31 per $1,000 borrowed.

7 Years 3.74% 84 monthly payments of $13.55 per $1,000 borrowed.

pokingaround

Those seem pretty good. I'm due to refi my PFS loan in about 3 months. It looks like you can apply as a non-member which is interesting.

MBR993

Best car buying experience ever! Got our new Jet Black Metallic Cayenne on Monday from Chad Pierce at Porsche Atlanta Perimeter. He offered the best discount, best trade-in value for my trade, helped me locate the car I was planning to order (It was loading on a ship in Emden the next day), and even met me halfway between here and Atlanta to exchange the new Cayenne for my trade-in. First class deal all the way through! Will try to post pics this weekend

tarheelrx

Great to hear. May I ask what discount you received? Thx!

tarheelrx

Great to hear. May I ask what discount you received? Thx!

MBR993

Call Chad to see what he can do for you. Each deal is a little different. He got me a much better deal than I could get locally and really went above & beyond to make the deal work

ssiminou

I received 8% off my E-Hybrid Custom-Order, and that includes PEC LA Delivery! And I'm sure he can do the same or better on a Base, S or Turbo trim.

My SA is on the east-coast; if you're seriously interested in ordering or getting any Cayenne, please PM me and I'll put you in contact with him. It'd be best if you're on the East Coast, but seeing that a few people have already PM'd me (which is partly why I'm posting this) and have ordered a car with my SA for PEC LA Delivery, I know he can get it done.

My only goal is to make enthusiasts happy as they purchase a new Porsche at a discount. A lot of dealers are already making enough from ADM on GT cars and jacked up money factors.

I also want to mention that my SA didn't attempt to mark up the money factor at all, he gave me the true buy-rate, so even if you think you're getting a great discount, check and double check the residual and money factors you're being quoted!

MR1986

This was my first time buying a Porsche. I live in Bay Area, CA. I negotiated a 6.2% discount on base price for an on the lot Porsche Cayenne, 2019, Base Model. Listed MSRP was $76760. The car has good options on it and exact color/interiors I wanted.

No trade in vehicle
18K down and rest financed at 3.99% for 72 months

Just trying to get some feedback. Sounds like a good deal?