I got 1.24% at my local credit union. If you're in the Northeast, Id suggest DCU. I've used them on at least 10 cars in the last few years.

 

I wasn't trying to debate their intrinsic value, but rather their market value relative to being able to secure a loan from what passes for "financial institutions", the notion of which is a laugh in and of itself


esp given that all "depositors" are now UNsecured lenders to them LOL. banksters are tricky

 

its getting harder and harder to finance, because the car is getting old and prices going up. maybe if you buy last model 2005 - all ready hitting that mark 10 years, landing companies hate anything that's 10+ years old to finance. Sometimes they close the deal because the car seems more valuable with low millage, hard to get lower % rate as well, so you may end up with higher % and 4 years to finance=higher payment a month. - that's what i think, I may be wrong. - I think it also depends on State where you live in. well in my book if you have z money, and if you really strive for a dream car, that you always wanted? buy it, life's too short. screw it.

Also be ready to fix things, if you have some mech skills you can save a ton of $ for labor and fix it yourself. Good luck.

996TT will go in price just like 993's its a matter of time. watch.

 

Save up the money then buy the car................if you are financing a 996tt, with that price point and no warranty you may have issues keeping the car running. Have you looked into yearly maintenance costs? If the ABS control module fails as an example, you are out 2000+ for the part alone.......just as an example.

 

I have to disagree here. I bought mine with 60k on it for 45k. It now has 105k and all its "needed" was an alternator. These are not Ferrari's

 

you guys are ALL welcome to disagree, all you want. what I have proferred is financially prudent "advice". what you have offered is an anecdotal report of your having been lucky.


no, they are not "ferarri's", they are 10/15 year OLD PORSCHE's and the costs associated with the repairs that WILL be needed ( by MOST ) are commensurate with the marquee and their original costs of ownership!

 

Just because we are on Porsche forum, doesn't mean we can all pay cash for our cars. We're car guys, not millionaires(most of us) I have a great job, and do very well, but with my CU offering 1.24%, its basically free money. I will ALWAYS finance at those rates. As for my other toys(sleds boats quads) I always pay cash as the rates are never lower than 6% through my CU

 

^_ adam, thats true, what about if you buy the car for cash, and someone hit you and z car goes to garbage/salvage , will you get 50k back for it? no. if someone wants to finance the car and not pay cash for it. who cares. not a lot of people also have 50k to just dump it for 10-15 year old car wife or g/f may smack you for it ...lol

BTW WHAT are you guys talking about PORSCHES NEVER GO BAD, bullet proff cars (hides)

You play you pay, if you decide to push the engine, and install more aftermarket parts, be prepared to fix more crap, To be honest with you guys, i fixed more crap on this car than any of the cars I've ever owned, in a short time. lol. because the 2 morons who owned the car never did **** to it...thats why im not gonna get rid of it. I've made a deal with the devil. now, who wants to buy me a lift for xmas? so i can completely fix everything myself.

 

I think all that statement does is highlight the difference that exists between many of us for whom these are "toys" VS those that purchase these cars now that a supercar of this pedigree is *seemingly* *affordable* for the average joe, that hopes to use this as a daily driver ( they can and the costs add UP! ) without having fully experienced the run/repair costs firsthand as I have for years now. but it's my hobby, not my DD.


I've had two of these, and as to costs associated with owning them? there isn't much any one can "teach" me. while folks thinking they can afford them as a daily driver and have to finance it on top of that? well, I think ( many ) are in for a very rude awakening, should something unanticipated ( and isn't it always??! ) occurs.


but go ahead and buy it on payments, like i care! opinions are like, well... lets just say I only have one a**hole but many opinions. like em or not. I share

 

I understand your point, and agree if you NEED to finance this car, it should not be your DD. The cost of payment and repairs will trump the cost of a newer, more reliable car with a warranty.

 

Why do some think that financing means you don't have the money for repairs?

 

and yours was well taken also ...and back to my original point ( suggestion ) was that he should look into buying a 997t for the reasons I mentioned WITH a cpo! a far more financially prudent choice.


some years ago the first year of repairs in my then pristine x50 02 was north of 14 THOUSAND dollars. this after being ( ahem ) "certified" by Porsche. thankfully I BOUGHT the cpo for an extra 3 grand!


I rest my case

 

I agree with 02996ttx50 - nothing is bullet proof. parts for P cars are pretty darn expensive. pretty much everything is $1000 lol just like wedding

this month parts cost me over 800 dollars, last month radiator 500 + parts.

some people get lucky and never fix anything, some don't, buying any used car is a huge step, no matter how many miles and no matter how well the car checked and went through PPI. things hit the fan -

 

good question

 

I don't think "they" do. but I do think it's a calculated "guess" and "they" could well be "wrong"


but I bet ya they don't have 25k extra lying around if they blow up a motor. though a rebuild would only be 12 if done cheaply and diy lol