Never gone through Porsche directly before, is it pretty competitive? For someone with good credit (750+), what rates do they have?

Anyone know of any promotions of financing through Porsche right now?

 

Last I heard(a few months back), it was 4.9%. if anything, it has gone down.

BofA is offering 2.9%.

 

thanks for the heads up. looks like i'll need to have a loan ready when i go pick up the car

 

Some dealers use other banks, not just Porsche Finance. So if I were you I would call your dealer and see what they can do. Credit Unions also have cheap financing.

 

Porsche was offering 2.9% last month, 60 month term. BofA was the same, PenFed was at 2.49%.

 

My dealer went through usbank and got me 2.99 on a 60 month term. I did however put down $50k and financed $100k, not sure if that matters.

 

With good down payment and 800+ credit score I got 2.9 but my dealer matched that after I got approved by another credit union

Here is a potential good news, if you go through Porsche Finance you would be exempted from sales tax on next p-car lease(of course you need to be in good standing and all that mumbo jumbo).

 

I am in the East Coast. I just got my Cayenne and finance though Porsche Financing for 1.9% 60 months

 

Got my V6 last month I have 811 and my wife 807 credit score when it was run, Porsche Financial rate was not good. The dealership got us 3.29 from Suntrust Bank for a 60 month. I also purchased a Cayman June of last year and got 1.9 from Porsche financial. I wish i could have gotten 1.9 again.

dave-t

 

Can you please elaborate on this? I've never heard of this benefit.

 

1.9%??? Wow. HOw'd you pull that off? Didn't know Porsche was offering so low. What dealer?

 

My dealer told me the same thing. It may vary from state to state, here in TX, there's some way they can do some internal trading to make it like there's a trade in play. There's some loophole in the TX administrative code that allows this. The BMW dealer told me the same thing.
It's a big incentive to stay with the same manufacturer since we pay tax on the whole price of the vehicle, not on the payments.

 

you may be refering to a pass through at the dealer. You can do this at most any dealer you are buying a car from. In TX the sales tax base is the cost of the new vehicle-the trade in X 6.25%. The trade in can be a trade in or a pass through. In a pass through you sell your old car to someone and get credit for it as a trade in. The way it works is that you basically sell your car to the dealer and the buyer you found buys from the dealer. And you save some taxes.

 

Unfortunately, this does not work in California.

 

No, I'm talking about a lease. Turning in and leasing the same brand, no tax.