LoadingPhil

Should get a GT4 next month and I am starting to look at my options for financing/leasing.

Any idea where to get best rates/conditions in the current market?

moab

As you may be aware, lease/finance rates are going to be **** poor everywhere. Particuarly from Porsche. If I were you and owned my home, I'd finance with a HELOC. Won't do better than that.

LoadingPhil

I doubt I'll be able to have a HELOC on my house as I bought it pretty recently and the loan to value ratio would be too high. Otherwise, yeah, that would definitely be the best deal.

M718R

interested to see some answers to this. unlike the US, the car loan rates are well hidden in Canada.

Pags993

Like I do with my insurance needs and mortgages I'd use a broker. Let them fight for your business. I'd try car loans Canada. Based on my talking to some OEM insiders Scotia seems to be the most aggressive rate wise for top tier credit rating qualifiers.

I've always used Helocs as mentioned above for the benefit of lower rate plus completely open pay off capability but if I didnt have that route I'd go with a 3rd party broker. My mortgage broker has found me some incredible financing options on non std purchases I could have never uncovered attempting to do it myself.

Angryinch

Ive seen finance deals popping up. Thought Id seen 4% at BMW… I know it doesn’t help with Porsche, but something to keep in mind.



https://www.carloanscanada.com/rates/royal-bank-of-canada

wizee

Porsche leases tend to have absurdly low residuals in addition to very high interest rates. As a result, you end up paying far more than you would if you just bought the car and sold it when you're done.

moab

yeah, my 2021 Macan is off lease in December with a $48K residual. I wonder if I'll be buying it at the end of my 3 years...

pfitzsim

Without knowing an ounce about your car $48k seems like a reasonable enough residual - 50% +/-

moab

GTS with 22k km. Will absolutely be buying it! No need for anything else.

gcurnew

Yes, residuals are low...but you can sell a leased Porsche anytime and pocket the difference between the residual and the selling price. The only situation where a lower-than-market residual would be relevant is if you turned the car back to Porsche at the lease end (which would be stupid).