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Porsche Financing vs. bank financing in 2015/2016

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Old 01-20-2016, 05:16 PM
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Mr. F1 Fan
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Default Porsche Financing vs. bank financing in 2015/2016

Curious if anyone has any RECENT financing experience with Porsche financing. I had planned to finance, a portion of a car on order, with Navy Federal, but wanted to see if anyone had experience that might show a comparison with their current bank.

I usually show up with a pre approved loan from Navy Fed and don't even entertain the manufacturer financing, but figured it might be worth looking into this time around.

Welcome any recent info on rates quoted vs. what you got from your bank?

Anyone decide to use the Porsche financing instead of the bank financing.
Other than rates, any other terms that make it compelling?

Thanks!
Old 01-20-2016, 09:57 PM
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SJJ28
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financed 1/2 of a new GTS for 1.9 through the dealer, but it was a credit union loan...im friends with the F&I guy, and this was a better deal than Porsche finance...
Old 01-29-2016, 05:56 PM
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BSL
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Porsche Financial rates will be higher than you can get from a credit union--they have a higher cost of funds. A benefit they can offer is on leasing...
Old 01-29-2016, 06:04 PM
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Originally Posted by SJJ28
financed 1/2 of a new GTS for 1.9 through the dealer, but it was a credit union loan...im friends with the F&I guy, and this was a better deal than Porsche finance...
Yeah, that seems too low for a dealer. Thank you!

Originally Posted by BSL
Porsche Financial rates will be higher than you can get from a credit union--they have a higher cost of funds. A benefit they can offer is on leasing...
I figured that was the case. Thanks for the comment.
Old 01-29-2016, 06:09 PM
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ezdriver
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Originally Posted by Mr. F1 Fan
Curious if anyone has any RECENT financing experience with Porsche financing. I had planned to finance, a portion of a car on order, with Navy Federal, but wanted to see if anyone had experience that might show a comparison with their current bank.

I usually show up with a pre approved loan from Navy Fed and don't even entertain the manufacturer financing, but figured it might be worth looking into this time around.

Welcome any recent info on rates quoted vs. what you got from your bank?

Anyone decide to use the Porsche financing instead of the bank financing.
Other than rates, any other terms that make it compelling?

Thanks!
I recently refinanced my car with a lender that advertises in Porsche Panorama. Was a quick, very efficient process and a great deal for me. PM me if you want the contact infor or look in the Panorama magazine.
Old 04-18-2016, 09:20 PM
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PatrickC23
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I have used PenFed in the past and got as low as 1.49%, seems to be 1.99% now but up to $100k only.



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