Finance question (Canadian market)
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    Finance question (Canadian market)

    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 2016 Cayman GTS. This sounds very high to me. Is it because I'm new to Porsche world?
    Should I just ignore the finance rate and negotiate the actual price of the car instead?

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    Re: Finance question (Canadian market)

    Porsche Financial rates - leasing and purchase - are higher than what just about any other manufacturer offers. They had 3.99 leases on 718s recently, but 5-6 percent is more typical. Loans are on par with non-preferred client rates at major banks, and the 6.75 you were offered is pretty typical. Better to use a LOC if possible, or a credit union loan if you are a member of one.

    Our friends south of the of the border appear to have many more options at much more attractive interest rates for Porsche financing than Canadians.
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    Re: Finance question (Canadian market)

    Not sure of what money costs these days, but the financing would presumably be done by others. The big banks do much of it . I would check what rate you can get from a bank, either a loan or a line of credit. Then negotiate the price of the car.

    If you are financing a used 981, you will be towards the lower end of their customer wealth scale, but they will still be quite happy to take your money.
    2016 CS, Guards Red, Black Interior, 20" Carrera S partially black, PDK, Sport Chrono, SportDesign Steering Wheel, Sports Seats +, PDLS with HBA, Convenience, Red Belts, Bose, SS sills illuminated, Wailing NA flat 6!

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