Finance question
Results 1 to 5 of 5

Thread: Finance question

  1. #1
    Join Date
    Nov 2018
    Location
    Ontario
    Posts
    5
    Likes (Given)
    1
    Likes (Received)
    0
    Downloads
    0
    Uploads
    0

    Finance question

    What is the average finance rate for 5/6 years for a Cayman? I was just quoted %6.75 for 5 years by a dealer in Toronto for a CPO 2016 Cayman GTS. This sounds very high to me. Is it because I'm new to Porsche world?

  2. Remove Advertisements
     

  3. #2
    Join Date
    Apr 2013
    Location
    Niagara, Ontario
    Posts
    350
    Likes (Given)
    28
    Likes (Received)
    27
    Downloads
    3
    Uploads
    0

    Re: Finance question

    I recently bought a 2016 GT4. I can't recall what my rate is. Maybe I have too much money. I financed it but could have paid cash for it. Mine is a lease with a buyout after 3 years. I expect to buy the car when the lease is up as I love the car so far. Good luck on your purchase.
    Summer ride 2016 GT4
    Daily/Winter 2018 RS5
    3rd car 2018 Audi TTS

  4. #3
    Join Date
    May 2009
    Location
    Florida
    Posts
    2,573
    Likes (Given)
    570
    Likes (Received)
    688
    Downloads
    4
    Uploads
    0

    Re: Finance question

    Your credit rating is an important factor in the rate, too........FWIW.

  5. Remove Advertisements
    Planet-9.com
    Advertisements
     

  6. #4
    Join Date
    Apr 2013
    Location
    Niagara, Ontario
    Posts
    350
    Likes (Given)
    28
    Likes (Received)
    27
    Downloads
    3
    Uploads
    0

    Re: Finance question

    Mine is excellent therefore I had nothing to worry about.
    Summer ride 2016 GT4
    Daily/Winter 2018 RS5
    3rd car 2018 Audi TTS

  7. #5
    Join Date
    May 2016
    Location
    Outer Planet
    Posts
    33
    Likes (Given)
    1
    Likes (Received)
    2
    Downloads
    0
    Uploads
    0

    Re: Finance question

    It's simple, Porsche is not a volume dealer. A lot of their customers also don't use financing options.

    So when you compare to volume dealers like Honda Canada or BMW Canada, they will be able to offer much better rates than Porsche ever can.

    It's not so much Porsche world that is the cause of the high finance rates, they don't have the economies of scale.

    You are better off using a Home Equity Line of Credit and borrowing from that, and locking into a 5 year fixed rate with a 5 year amortization.

  8. Remove Advertisements
     

Similar Threads

  1. finance question
    By 6speedcayman in forum 987 Cayman and Boxster Chat
    Replies: 1
    Last Post: 08-19-2006, 08:21 PM
  2. My Finance quote from OPC..
    By Doc_Rishi in forum 987 Cayman and Boxster Chat
    Replies: 9
    Last Post: 05-10-2006, 10:21 AM
  3. Finance etc
    By nitramman in forum United Kingdom, Ireland Region
    Replies: 4
    Last Post: 04-12-2006, 01:05 PM
  4. Porsche Finance
    By Tony1 in forum United Kingdom, Ireland Region
    Replies: 12
    Last Post: 03-01-2006, 12:28 PM
  5. Finance APR
    By m4ttc in forum United Kingdom, Ireland Region
    Replies: 2
    Last Post: 11-28-2005, 11:05 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •