Financing USA

Has anyone heard of any special interest rates that Porsche is offering afterJan. 1?

Just the couple of rumors I've heard from this board. Already have a loan setup for when mine arrives, but haven't rulled out any other possibilities at this point.

My dealer says they will release the financing program after january 1. Capital One has 5.65 over five years. Just go to captial one online and fill out the form. They will send you a blank check to write to your dealer.. Super smooth program

I will find out what kind of leasing package Porsche will be offering next week and will let you know. Russ

Yep, have used Capital One before and they are very good. Don't forget about eloan.com either, they actually seem to be more aggresive in getting the best rate now-a-days.

Thanks for all the help. Mike

I just talked to my dealer and he said he will have all the financing information tomorrow. I will post it as soon as I find out. Aloha Russ

Russ. It's great to hear that you have a good relationship with your salesman. We look forward to hearing back from you about these financing packaging.

NOt sure if you are able, but I got 5% for 6 years from Credit Union. They had the best rates even over the bank where we have all other accounts.

OOPs, forgot to tell ya, we did not belong to the credit union when applying but after loan approval did have to join and that was a 1 time $10 fee for the account.

Chuck, I did the smae thing at my credit union. This was about 4 month ago, but I got a 4% 3 year loan on my BMW. Which my bank couldn't touch. I had to buy 1 share of the CU stock to join. Russ

I found that it definitely paid to ask every financial institution about their rates. That way you will get the best deal to be had. Spent a few hours on the phone & online but it all paid off in the end.

I can't wait to see what Porsche is going to offer, I do hope they can do as well as my credit union because I have heard that thier financedepartment is first rate. Russ

My dealer told me that I would be able to do much better at my bank over Porsche, so that is when I started making the phone calls. Now I am awaiting that 15 days 19 hours ?? minutes to put it all to great use!!!

I was told today that Porsche was going to have a 'special' Cayman financing plan near launch date. I don't know if it is better, good or bad but it might be worth a last minute check before making a decision.

In about 10 minutes I should know something. My dealer told me that he would have all the details of Porsches financing plan today. I just called and he said he would talk to the manager and call me right back. We will see!! Russ

Interesting. My dealers finance guy says it is not available yet and won't be until launch. Dueling dealers?

YUK! I just got the 'special Package' from Porsche Financing, and it stinks. On a 48 month lease the residual is 47% with a money factor of .00360. That is no special. I will be shopping unless someone else comes up with something different from Porsche. He did say that Chase might have something better to offer. It will be interesting to see if anyone get something different from their dealer. Aloha Russ

Russ I don't think that is the soon to be annouced 'special'. I think that is the old deal but who knows. I bet local rates are going to be better anyway. My guy swears that the Cayman deal is not out yet. Or perhaps it is not supposed to be out? Edited by - Santa Fe on 12/30/2005 5:30:47 PM

SF, I hope you are correct. I was surprised when he said he would have the rates today. I did question him as to whether these rates were from Porsche and he said yes. I guess we will wait and see. Russ

BTW, I didn't post the 36 and 39 month rates, the residual and money factor were worse. The more I think about it this cannot be the special package. I think I should just call Porsche finance direct on Tuesday myself. Russ

Automotive News (the Dec 19th copy) just shows special finance (purchase) rates of 5.5 to 6.5% for 911, Boxster and Cayenne as part of their 'Customer Incentive' sidebar they publish in the tabloid. Would suspect similar rates for the Cayman.

I did a 4 year lease with Porsche on my 99 Boxster and the residual was 12K more than the car was worth retail (not wholesale which was more like 18K) in 03. The high residual made the lease very attractive. I would be very surprised to see higher than average residuals from Porsche leases anymore after their past experiences.

Well something is wrong with that money factor for one thing, that is the equivalent of 9%! Russ

3.74% for a 2 year loan at my credit union.

Porsche has not released any 'special' financing on Caymans. I seriously doubt they will do so either. Porsche Financial Services is competitive with other financial institutions, but rarely the absolute lowest you will find. That being said, I encourage you to finance with them though. They often have incentives for customers whom have vehicles financed with them already, as a token for customer loyalty. In addition, they allow higher insurance deductibles than other financial institutions and allow you to extend leases month to month if you are committed to purchasing another Porsche. When you account for excellent customer service and flexible financing options I would not consider financing elsewhere. Best regards.