topic Re: Porsche Financial in Auto Loans

Porsche Financial

Anonymous — Mon, 25 Apr 2016 19:50:31 GMT

Anybody have any experience with Porsche Financial? I am wondering how they work with those who have been reestablishing their credit.

Re: Porsche Financial

Hokies2379 — Mon, 25 Apr 2016 20:09:12 GMT

They tell you to buy a mazda.

Re: Porsche Financial

Jon85 — Wed, 27 Apr 2016 04:25:45 GMT

@Hokies2379 wrote:
They tell you to buy a mazda.

Epic.

Re: Porsche Financial

Anonymous — Wed, 27 Apr 2016 11:55:25 GMT

$52,000 down should help. 40%

Re: Porsche Financial

Anonymous — Wed, 27 Apr 2016 19:42:12 GMT

@Anonymous wrote:
$52,000 down should help. 40%

That should definately help. What are your scores? How does your credit profile look like? I see you posting and asking questions about Penfed and such but you haven't really divulge what your profile is like to get real answers.

Re: Porsche Financial

Anonymous — Wed, 27 Apr 2016 21:26:42 GMT

I have mid 600 scores, 25% DTI, Chpt 13 disch 11/2015, 5 credit cards in last 12 months with 0 balances, MTG with 0x30 in last 12 months after loan modification. I'm hoping the cash down and low debt ratio come into consideration. I've owned my home since 2003 and worked at my company for 6 years and counting.

Re: Porsche Financial

Creditplz — Thu, 28 Apr 2016 09:35:38 GMT

I walked into my local Porsche dealer and they told me I can lease and pay the full lease up front, I was very tempted, but the DW has a lease from Porsche Financial for a Panamera 4S. They are good to work with in my opinion, but they have you on the phone going in circles for an hour if you have a question...

We showed $247,000 household income, 6,000 down 24month / 10,000 miles annually and were approved, her Fico's were in 770's not sure about Auto score

Re: Porsche Financial

Creditplz — Thu, 28 Apr 2016 09:37:12 GMT

It's kinda cool thought, you can lease and they have a program called "pay ahead" and you can pay the next 1-24 months ahead of time and not have to worry about making a payment. Kinda like automatic pay.

Re: Porsche Financial

surferchris — Sat, 28 May 2016 01:39:53 GMT

@Jon85 wrote:
@Hokies2379 wrote:
They tell you to buy a mazda.

Epic.

Re: Porsche Financial

Anonymous — Sat, 28 May 2016 08:37:41 GMT

@Creditplz wrote:
It's kinda cool thought, you can lease and they have a program called "pay ahead" and you can pay the next 1-24 months ahead of time and not have to worry about making a payment. Kinda like automatic pay.

What's so cool about that? That's just like buying a car with cash but it's renting a car with cash. Audi offer the same thing

Re: Porsche Financial

Creditplz — Sat, 28 May 2016 12:33:52 GMT

I find it cool, lots of other dealers don't let you do that. Go to BMW for example.. They offer 3 months. The option that it's there is what I find cool

Re: Porsche Financial

Anonymous — Sun, 29 May 2016 13:15:13 GMT

Can you pay the whole 24 mo with a CC or does it have to be a cashier check as when you buy a car.

Re: Porsche Financial

RonM21 — Sun, 29 May 2016 13:51:34 GMT

@surferchris wrote:
@Jon85 wrote:
@Hokies2379 wrote:
They tell you to buy a mazda.

Epic.
+1

Wow!

Re: Porsche Financial

Anonymous — Tue, 31 May 2016 11:09:25 GMT

I have no experience with Porsche Financial. Your down payment will certainly help, I would probably try PenFed and see if they will help you. Having a prequalified deal in your pocket always helps and they offer great terms, most likley better than Porsche will offer.

Re: Porsche Financial

Anonymous — Wed, 08 Jun 2016 00:38:29 GMT

I think that's too much to put down for a car. I like buying a car with as little down as possible. If can't buy car with as little down as possible maybe it's not time for u to buy car. Do u really want a 60k loan at 12% with ur credit? Maybe wait till u have around a 700 score than look for a 100k car or at least when u can finance at under 4%