981 finance

[Jim909]

Hi,

I have been asking for quotes for a new boxster and cayman but the dealer is quoting 9%-9.5% on the finance, has anyone managed to get a fairly decent deal on porsche finance ?

I have not been for a test drive yet, as im pretty sure i will love it and dont want to experience that until i have an acceptable finance offer to work with.

[Carl_Docklands]

This one gets asked around once a week, do a search.

[mrdemon]

you can get a loan at 5% or add it to your mortgage at 2.5% just remember to pay it off early :-)

I have no idea why people take out dealer finance.... when you can add it to your mortgage or get a loan for half that !!!

but as the 2nd post said , this gets asked every week.

[dibblecorse]

mrdemon said:

you can get a loan at 5% or add it to your mortgage at 2.5% just remember to pay it off early :-)

I have no idea why people take out dealer finance.... when you can add it to your mortgage or get a loan for half that !!!

but as the 2nd post said , this gets asked every week.

probably because most people want a minimal deposit and big balloon thereby equalling much smaller monthly payments, something they cant do with a mortgage extension or loan, and i know reducing therates greatly reduces the total cost of finance between the two but the real barrier is the much greater monthly payment, also a lot of banks arent keen on lending on 50k plus cars.

[mrdemon]

But it's all been said, month on month here, if you need a big balloon to buy a car , can you really afford that car in the 1st place !
and the answer to that is prob no, either that or your are stinking rich and don't mind paying out 10k in interest, it's just a number.

having a 9% PCP and paying that on a Balloon you never pay off is financial suicide in my eyes and the single most expensive way to buy a car today and dealers love it.

Also most need quite a big deposit on a 50k car you will find, as a small monthly payment and a small deposit don't go hand in hand, dealers need to make sure if you hand it back in 3 years they can make money on it, that's what you are funding ;-).

I don't call 10k down and £650 a month cheap which is what a 981 S will be. with cira 9 k interest paid.

Of course you will get some people here saying they can make 15% net PA investing lol, but look at the cars they drive in their profile and then the number never match the talk...

[Actus Reus]

Here we go again.

I recommend trying the C of E - apparently they do great interest rates.

[andyeds1234]

mrdemon said:

But it's all been said, month on month here, if you need a big balloon to buy a car , can you really afford that car in the 1st place !
and the answer to that is prob no, either that or your are stinking rich and don't mind paying out 10k in interest, it's just a number.

having a 9% PCP and paying that on a Balloon you never pay off is financial suicide in my eyes and the single most expensive way to buy a car today and dealers love it.

Also most need quite a big deposit on a 50k car you will find, as a small monthly payment and a small deposit don't go hand in hand, dealers need to make sure if you hand it back in 3 years they can make money on it, that's what you are funding ;-).

I don't call 10k down and £650 a month cheap which is what a 981 S will be. with cira 9 k interest paid.

Of course you will get some people here saying they can make 15% net PA investing lol, but look at the cars they drive in their profile and then the number never match the talk...

How about actually answering the OP's question?
If you don't have the answer, save him the lecture.......

[Chins]

According to the Porsche website there is a lower APR offer on the Boxster and a deposit contribution from the dealer.

http://www.porsche.com/uk/models/boxster/boxster-s...

How are you getting on with discounts?

Edited by Chins on Friday 26th July 11:38