US - what Financing APR % on Taycan is your Porsche dealership offering?

[Cpoarchy]

Looking into financing, does Porsche have a 84 month finance, anyone know the apr?
Thanks

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[wemct]

Looking into financing, does Porsche have a 84 month finance, anyone know the apr?
Thanks

I'm not sure if the financing is through Porsche Financial Services, but Park Place in Dallas has an online calculator that lists 84 month financing for the Taycan 4S at 5.69%. The interest rate drops significantly for shorter terms.

 

[charliemathilde]

I'm not sure if the financing is through Porsche Financial Services, but Park Place in Dallas has an online calculator that lists 84 month financing for the Taycan 4S at 5.69%. The interest rate drops significantly for shorter terms.

some macan and 911 models are down to 1.95% and falling for 12-60 months. You can save a lot with a 60 month term.

 

[NYC Entrepreneur]

I’m seeing a lot of dealers starting to do 6 months of free payments...something tells me Porsche not following suit

 

[Chowster]

some macan and 911 models are down to 1.95% and falling for 12-60 months. You can save a lot with a 60 month term.

I assume this is for outgoing 2019 end-of-generation inventory only? That's very low for any P-car.

 

[charliemathilde]

I assume this is for outgoing 2019 end-of-generation inventory only? That's very low for any P-car.

mostly but not exclusively. 2020 Macans are eligible. I think there are some Carreras too. The factories were running to March and those product lines have too much inventory for the now sharply reduced economic demand (-22% GDP annualized). I suspect Porsche will sharply cut back production once the factories re-open (allegedly any day now) to better match supply / demand. So despite the ongoing economic challenges, great deals might be fairly short term. Maybe.

Rates are dropping with car sales. Like a rock.

 

[Chuck J]

Check out PenFed for some good rates- 2.14-2.99% Anyone can be a member. Great company. I have had car loans and house mortgages with them

Chuck J

 

[Miwa]

Your local dealer will have a ton of finance options in their system, as they want to get you the best deal, so you finance through them and they get their cut.

I usually bring my own financing, unless there's some big incentive for using the captive financing. (Which US automakers tend to do)

 

[domin1720]

Looking into financing, does Porsche have a 84 month finance, anyone know the apr?
Thanks

I did porsche finance for the balance of my loan on the T turbo. It was 48 month , tier 1 at my time was 2.49%

 

[Cpoarchy]

I did porsche finance for the balance of my loan on the T turbo. It was 48 month , tier 1 at my time was 2.49%

Just found out Porsche has 84 mos 4.99 apr, love Porsche for stepping up.

 

[charliemathilde]

Just found out Porsche has 84 mos 4.99 apr, love Porsche for stepping up.

fwiw, i really don’t think the 84 month terms at higher rates are worth it. You’ll pay twice as much in total interest for that extra 2 years, it only saves about $300 a month because the rates are much higher, and you’d still be paying off this car when gen 2 is introduced. If one needed this kind of financial flexibility, i’d suggest waiting a year and grabbing a used one that someone else has paid the huge 1st year depreciation on for you.

There are some real steals in the Porsche used market. There was this time I got a 911 with 250 miles on it in the same MY it was introduced. “used” the seats weren’t even broken in. but the price was.

 

[NYC Entrepreneur]

fwiw, i really don’t think the 84 month terms at higher rates are worth it. You’ll pay twice as much in total interest for that extra 2 years, it only saves about $300 a month because the rates are much higher, and you’d still be paying off this car when gen 2 is introduced. If one needed this kind of financial flexibility, i’d suggest waiting a year and grabbing a used one that someone else has paid the huge 1st year depreciation on for you.

There are some real steals in the Porsche used market. There was this time I got a 911 with 250 miles on it in the same MY it was introduced. “used” the seats weren’t even broken in. but the price was.

That‘s my plan....wait a few more months and pick up a Used Taycan.

I’ve done this a bunch of times and usually pickup something with 2000-3000 miles, still looks brand new and save a few thousand.

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