My car is purchased through a PFS product and a few points. It a cross between a lease and a finance. Basically leased the car for 4 years and then I can buy it out or return it. Car is worth more than the buyout by a large margin, so its a no brainer. Plus, I love the car so its a keeper and its been an awesome ownership experience.


I got a call from a company on behalf of Porsche that wanted to come inspect the car. I told them I will be buying it. Next call was from Pcar NA.


Will you be paying it off in $, or re-financing it through the dealer. I said I will check out the dealers rates and what I can get on he outside.


So, I plan in seeing the dealer in the next 2 weeks but I would like to see what else is available. Money is cheap enough that I think it might make sense to finance. Need to get this done before April 1 2015.


Anyone have the names of some good companies what specialize in this?


Thanks

 

Sounds like you have a straight up lease that has a residual at the end. All leases offer the option of purchasing at the residual or giving the car back.

Financing options include all banks. It's basically buying a used car. In this case you know the owner as its you. Money is cheap and you should get a great rate.

Check your primary bank first. They will look at the value of the car ( their opinion), how much you are putting down, and your credit. Should be easy.

Good luck.

 

most likely a credit union will get you better rates then the usual bigger banks. Penfed is a good option, so is Palisades credit union. I believe rates as low as 1.99?

 

Assuming that your credit is good, easily finance through local bank or credit union.

 

That will be one expensive Porsche after you finish financing twice. Pay it off.

 

x2.... how much interest have you already paid? and now more? not for me... cool situation to be in though

 

The interest paid on the vehicle loan is off set by the appreciation on my investments that I would have liquidated to pay for the car.


I could pay it off, but why? Money is pretty cheap. If it was sitting in the bank or under the bed, yes, I would have paid it off.

 

My local credit union is offering 0.99%. I would go that route.

 

Thanks