Financing the 4S

[yman182]

I also went with BofA. at 2.09%. They were by far the lowest.

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[ericj320]

We got 1.93% today with U.S. Bank.

 

[TaycanCook]

We got 1.93% today with U.S. Bank.

That's an astounding rate. Did you need any special status/relationship to get that rate?

 

[ericj320]

That's an astounding rate. Did you need any special status/relationship to get that rate?

No, I stopped at BoA on the way to the dealership to check their rates, they quoted me as low as 2.29%, but did have some discounts for which I didn’t qualify for since my only relationship there is a credit card. When we went to the dealership and started the financing I told the associate we were quoted 2.29%, she said she’d see if US Bank could match it. We left and started getting our walk through on the car. When we went back to finance she told us US Bank gave us 1.93% with absolutely no prior relationship with them. I was pretty shocked, and plesssntly surprised.

 

[Busski]

Someone on the forum suggested DCU. I got a 1.25% rate for 60 months. 2.00% - 0.25% for electric vehicle -0.5% for direct deposit. Could not be more impressed with them and that rate. Check sent within 3 days of application. DCU.org

 

[nafzal80]

Putting business or tax reasons aside: Have or are you all planning to finance or lease your Taycans and why?

I am leaning towards financing because interest rates to finance the purchase are so low and Porsche lease rates (money factor) is very high.

 

[ericj320]

Putting business or tax reasons aside: Have or are you all planning to finance or lease your Taycans and why?

I am leaning towards financing because interest rates to finance the purchase are so low and Porsche lease rates (money factor) is very high.

If you set aside business taxes or company lease stipend, I think you answered your own question. Porsche lease terms on the Taycan are garbage and loan terms are incredibly low. Only other reason to consider a lease is if you like the ability to be able to walk away from a problematic car at the end. But you could also be walking away from a large value difference if the car is well taken care of and no accidents. A risk either way I guess, but I’d rather bet on myself than assume the worst.

 

[wurzitup]

Just got 1.79% for 30 days with Bank of America with 0.5% off with Preferred Rewards with Honors. Excellent rate.

 

[yman182]

The Porsche dealership was able to get me 2.0% through US Bank, so I ended up going with that.

 

[ericj320]

Just got 1.79% for 30 days with Bank of America with 0.5% off with Preferred Rewards with Honors. Excellent rate.

That is a good rate. Other than a credit card I’ve had for years I had no relationship with BoA so they quoted me their base 2.29%. US Bank gave me 1.93% with no discounts or prior relationship needed.

 

[alboogie7]

With discounts, I did my loan with BOA at 1.89%.

 

[jasperp]

Bank of America is offering 1.79% for platinum honors members. I believe the threshold for being platinum honors is having >$100k in total in your accounts.

It probably doesn't matter for you, because I am in europe, but I have a rate of 0,82% for the loan of my Taycan. For about 80000 euro. The rest is VAT which I can recuperate via my company.

 

[JGF]

With discounts, I did my loan with BOA at 1.89%.

I also got a 1.89% from US bank, had gone in with a 1.95% pre-approved from local credit union, LMCU. Porsche Sales manager said he'd get a lower rate and did..

 

[mdrobc1213]

Great job guys...hope rates stay somewhat close to that next year when my car arrives in mid-late January 2022.

 

[TAYC4S]

I cry when I hear about the US rates on finance. Just be grateful for the rates you get because here in the UK you would be lucky to get 6% from Porsche!

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