topic Porsche finacial lease buyout in Auto Loans

Porsche finacial lease buyout

ItsPaulS — Thu, 13 Mar 2025 04:42:53 GMT

Ordered a Porsche Taycan that will be delivered in July 2025. I'm looking to lease the car to get the $7500 cap reduction, but the MF is outrageous (8.4%).

My thought was to buy out the lease after a month with Navy Federal credit union. From what I understand it would be a refi for a new because it's a 2025, under 7500 miles , with a 4.49% for 60 months, loan amount $170,000.

How difficult is it to get approved for a $170,000 loan as self employed with Navy federal? I know they do stated income auto loans, but it's a different story on such a large loan.

What can I do to increase my probability with them for a loan?

Re: Porsche finacial lease buyout

jcar — Thu, 13 Mar 2025 12:00:28 GMT

My recommendation would be to reach out to NFCU directly now so that they can run a soft analysis and give you soft terms.

Re: Porsche finacial lease buyout

ItsPaulS — Thu, 13 Mar 2025 12:56:23 GMT

I've tried but they are very vague and don't give any details.

I did open a savings and checking account to start showing activity

Re: Porsche finacial lease buyout

jcar — Thu, 13 Mar 2025 14:11:38 GMT

@ItsPaulS wrote:
I've tried but they are very vague and don't give any details.
I did open a savings and checking account to start showing activity

You could walk into a branch location and speak with someone in person (unless that's what you did).

If they are still being too vague, you may have to wait until then. But you haven't actually locked in the terms yet (8.4%) anyway, have you? Interest rates can change quickly and could be lower by the time you take delivery.

Re: Porsche finacial lease buyout

cashorcharge — Thu, 13 Mar 2025 17:02:35 GMT

I didn't think getting the $7500 on a car with a $170K MSRP was possible. I had leased a $100K+ car and the credit was not available due to the MSRP....so instead, they gave me the credit off the price of the car (manufacturer incentive to the dealer then to me) so I would get the funds/credit towards the purchase as it was not claimable as a tax credit even on a lease.

Regarding the loan, Yes...it would be a refinance with the terms you stated. I financed a $167K new car (not a buyout) from them and the process was seamless...but I have W2 income...not sure the complexity of stated and how that factors in. Part of their process is auto-debit to their checking account so you may need to use that to make the payment and if they aren't your primary FI, you can obviously just transfer funds in to the account in advance of the payment.

Re: Porsche finacial lease buyout

ItsPaulS — Fri, 14 Mar 2025 00:01:28 GMT

Great point about going in to a branch. I'm in California and I didn't think there were any physical locations, but that's PenFed.

My rate is not locked but Porsche finacial always has atrocious money factors. A CU will always have rates at half of what Porsche has

@jcar wrote:
@ItsPaulS wrote:
I've tried but they are very vague and don't give any details.
I did open a savings and checking account to start showing activity

You could walk into a branch location and speak with someone in person (unless that's what you did).

If they are still being too vague, you may have to wait until then. But you haven't actually locked in the terms yet (8.4%) anyway, have you? Interest rates can change quickly and could be lower by the time you take delivery.

Re: Porsche finacial lease buyout

ItsPaulS — Fri, 14 Mar 2025 00:13:10 GMT

@cashorcharge wrote:
I didn't think getting the $7500 on a car with a $170K MSRP was possible. I had leased a $100K+ car and the credit was not available due to the MSRP....so instead, they gave me the credit off the price of the car (manufacturer incentive to the dealer then to me) so I would get the funds/credit towards the purchase as it was not claimable as a tax credit even on a lease.

Regarding the loan, Yes...it would be a refinance with the terms you stated. I financed a $167K new car (not a buyout) from them and the process was seamless...but I have W2 income...not sure the complexity of stated and how that factors in. Part of their process is auto-debit to their checking account so you may need to use that to make the payment and if they aren't your primary FI, you can obviously just transfer funds in to the account in advance of the payment.

All EVs get the $7500 rebate on a lease for now until Trump changes it. It's a $239k car, but I'm putting a good amount down because I'm buying it anyway. The residual is 46% so it's a horrible lease.

W2 is very straight forward. I agree with your idea of just using Navy as my primary bank to so the deposits

Re: Porsche finacial lease buyout

Creditplz — Sat, 15 Mar 2025 20:15:19 GMT

Same, I have a EQS AMG that I use for carpool mainly here in CA, they passed the credit off the MSRP.

also OP, as someone who has too many cars.... DO NOT DO THIS. Why would you ever want to buy a Taycan? They're leasing for $750/mo these days, they bricks when it comes to depreciation, if you dot believe me check out LH.... they're literally on lease specials for a reason, a closed end lease is the only option for these EV's... like I'd never buy a EQS for $165k they're $60k after a 12-18 months...

Re: Porsche finacial lease buyout

ItsPaulS — Sat, 15 Mar 2025 20:44:37 GMT

@Creditplz wrote:
Same, I have a EQS AMG that I use for carpool mainly here in CA, they passed the credit off the MSRP.

also OP, as someone who has too many cars.... DO NOT DO THIS. Why would you ever want to buy a Taycan? They're leasing for $750/mo these days, they bricks when it comes to depreciation, if you dot believe me check out LH.... they're literally on lease specials for a reason, a closed end lease is the only option for these EV's... like I'd never buy a EQS for $165k they're $60k after a 12-18 months...

I have an RS E-Tron GT that I leased in 2022, MSRP $169k, it's worth $60k after3 years. If I bought the car, it would have come out the same.

There are no Taycans for $750 a month unless it's a RWD, low end model, steep discounts (which I can get) , $10k down+ drives. They are no lease specials, just discounted inventory.

PFS does not give specials on MF or increased RV, especially on 2025s. 1 year sitting inventory of 2024s, yes.

This is a car I want to keep because I don't think Porsche will be bringing out these EVs for the US in the near future anymore.

I plan on keeping this car, even though I have 4 EVs, all leased for the reason you mentioned. They are like cell phone. Use them and Toss them.

You can lease the new E-Tron GT because the MF comes out to 1.2% and the RV in the high 50% range.

This Taycan has a 46% RV, .0035 MF (8.4%apr). It's the worst lease.

It would be cheaper to buy it and sell it after 3 years for $100k.

Re: Porsche finacial lease buyout

Creditplz — Sat, 15 Mar 2025 22:15:44 GMT

Yeah, as a Porsche owner myself I know the MF & RV sucks but they're there! Just look.. my broker has lots of loaded taycan for cheap anyways there was no refresh from 24 to 25..

2024 Porsche Taycan Turbo S NEW Loaded

MSRP: $2XX,XXX
Payment: $1699 + tax
Term: 12 months / 15K annual mileage
Drive-Off Amount: $6,000

i mean look;

2023 Porsche Taycan Turbo CPO

MSRP: $1XX,XXX
Payment: $899 + tax
Term: 12 months / 15k annual mileage
Drive-Off Amount: $5,500

Re: Porsche finacial lease buyout

ItsPaulS — Sun, 16 Mar 2025 00:18:43 GMT

Yes, for 2024s there are a lot of incentives.

I can get $80k off MSRP, plus $7500 lease credit.

The 2025 is significantly better than 2024s.

My current car is a Taycan Turbo with Audi skin. I have it upgraded to 800hp so it's faster than a stock Turbo S on a roll.

Ask your broker what he can do on a Turbo GT with Weissach.

I have a way of getting the full 1100hp for the Turbo GT, full time, no need to launch control

Re: Porsche finacial lease buyout

LivingOnCredit — Thu, 24 Apr 2025 16:42:59 GMT

I've read in the past that comparable auto loan history is a big factor. NFCU may approve you, but they also may want way more money down than you're comfortable with. I didn't even ask NFCU for a loan for my similarly priced loan, BofA through the dealership was the only one of their banks that would pick it up. I kept the loan for 6 months and then refinanced with NFCU, voluntarily put 20k more down and got approved. I've also been with NFCU for 15 years if that matters.

Re: Porsche finacial lease buyout

ItsPaulS — Thu, 24 Apr 2025 19:34:19 GMT

@LivingOnCredit wrote:
I've read in the past that comparable auto loan history is a big factor. NFCU may approve you, but they also may want way more money down than you're comfortable with. I didn't even ask NFCU for a loan for my similarly priced loan, BofA through the dealership was the only one of their banks that would pick it up. I kept the loan for 6 months and then refinanced with NFCU, voluntarily put 20k more down and got approved. I've also been with NFCU for 15 years if that matters.

I think you are correct. After doing more research, NFCU wants really low LTV, like 50% to even get those really low rates.

Porsche is 6.5% and easier to get approved for, then refi with NFCU. The trick would be to make sure the car has less than 7500 miles on it so its considered new

Re: Porsche finacial lease buyout

indiolatino61 — Fri, 25 Apr 2025 04:21:03 GMT

Good luck to you. On an unrelated note, my wife would kill me if I came home with a $170K car...lol.

Re: Porsche finacial lease buyout

Thomas_Thumb — Fri, 25 Apr 2025 18:45:16 GMT

@ItsPaulS wrote:
@Creditplz wrote:
Same, I have a EQS AMG that I use for carpool mainly here in CA, they passed the credit off the MSRP.

also OP, as someone who has too many cars.... DO NOT DO THIS. Why would you ever want to buy a Taycan? They're leasing for $750/mo these days, they bricks when it comes to depreciation, if you dot believe me check out LH.... they're literally on lease specials for a reason, a closed end lease is the only option for these EV's... like I'd never buy a EQS for $165k they're $60k after a 12-18 months...

I have an RS E-Tron GT that I leased in 2022, MSRP $169k, it's worth $60k after3 years. If I bought the car, it would have come out the same.
There are no Taycans for $750 a month unless it's a RWD, low end model, steep discounts (which I can get) , $10k down+ drives. They are no lease specials, just discounted inventory.
PFS does not give specials on MF or increased RV, especially on 2025s. 1 year sitting inventory of 2024s, yes.

This is a car I want to keep because I don't think Porsche will be bringing out these EVs for the US in the near future anymore.
I plan on keeping this car, even though I have 4 EVs, all leased for the reason you mentioned. They are like cell phone. Use them and Toss them.

You can lease the new E-Tron GT because the MF comes out to 1.2% and the RV in the high 50% range.
This Taycan has a 46% RV, .0035 MF (8.4%apr). It's the worst lease.
It would be cheaper to buy it and sell it after 3 years for $100k.

^ Agree. The Audi RS GT is a better value. The 2025 model has a much better battery than earlier models. If you want over 900 hp, get the RS GT performance version.

Sad fact, all luxury EVs depreciate quickly and steeply in value. If low depreciation is a priority, get an ICE.

Re: Porsche finacial lease buyout

ItsPaulS — Sun, 14 Sep 2025 04:22:13 GMT

Follow up to this post.

After many delays due to tarrifs, then a price increase of $9500, my car finally arrived.

When trying to lease to get the $7500 cap reduction, Porsche Financial approved me with all 3 bureaus over 820 (PFS does a hard pull on all 3).

30min later PFS asked for W2s and Tax returns.

I gave bank statements showing I had the deposits that coincided with my stated income and I was putting down $80k as I was paying off the lease after a month.

After days of going back and forth with PFS, they declined the lease saying that even i put $150k down (entire cost of the lease for 36months) they still would not finance me due to lack of tax returns.

With a lease of $80k down, I would still be paying $924 a month interest!

Next step was to go straight to Navy Federal credit Union for a new car purchase.

I called in the morning, they asked my monthly income, how much my mortgage was, a few questions about the car, then said it take about 24/48 hours for an answer.

2 hours later I get an email that I was approved. No W2s, tax returns, but my income showed as deposits in my NFCU account.

For 72 months $163k, my rate was 4.79%, the lowest I can find.

I could have gotten a higher LTV, but played it safe at 66%

I picked up the check an hour later at my local branch, next day went to the dealer, gave them to check and got my car.

It was unbelievably painless transaction that no other bank would due without tax returns and the lower rates.

Key take aways:

Build a relationship with NFCU, make sure your deposits match what you are stating as your income, TU over 800 helps.

Re: Porsche finacial lease buyout

cashorcharge — Wed, 17 Sep 2025 00:02:47 GMT

@ItsPaulS wrote:
Follow up to this post.

After many delays due to tarrifs, then a price increase of $9500, my car finally arrived.

When trying to lease to get the $7500 cap reduction, Porsche Financial approved me with all 3 bureaus over 820 (PFS does a hard pull on all 3).
30min later PFS asked for W2s and Tax returns.
I gave bank statements showing I had the deposits that coincided with my stated income and I was putting down $80k as I was paying off the lease after a month.

After days of going back and forth with PFS, they declined the lease saying that even i put $150k down (entire cost of the lease for 36months) they still would not finance me due to lack of tax returns.

With a lease of $80k down, I would still be paying $924 a month interest!

Next step was to go straight to Navy Federal credit Union for a new car purchase.
I called in the morning, they asked my monthly income, how much my mortgage was, a few questions about the car, then said it take about 24/48 hours for an answer.

2 hours later I get an email that I was approved. No W2s, tax returns, but my income showed as deposits in my NFCU account.
For 72 months $163k, my rate was 4.79%, the lowest I can find.
I could have gotten a higher LTV, but played it safe at 66%

I picked up the check an hour later at my local branch, next day went to the dealer, gave them to check and got my car.

It was unbelievably painless transaction that no other bank would due without tax returns and the lower rates.

Key take aways:
Build a relationship with NFCU, make sure your deposits match what you are stating as your income, TU over 800 helps.

Thanks for the update...I've been watching.

I got a $156K loan for 72 months at 4.79% last fall from NFCU and the process couldn't be any easier...and yes, the had the lowest rates at that time as I did a ton of research and they couldn't be beat. The "self employment" was what had to be your issue....but you gotta think....there has to be plenty of Porsche buyers that are likely not your typical W2 earners so tax returns may be their primary stip since you don't have W2/pay stubs.

I think this means you'll miss out on the $7500 as your income and the price of the car likely excludes you since you didn't lease...that S##KS

Oh well....enjoy the new ride!

Re: Porsche finacial lease buyout

ItsPaulS — Wed, 17 Sep 2025 00:26:03 GMT

That's right. Missed out on the $7500, but it's really about $6000 because of the fees and stupid Internet payment for the 1st payment.