Thread: Interest Rate
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Old 08-15-2008, 04:17 PM
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oldwiz oldwiz is offline
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Join Date: Aug 2008
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Porsche financing recently quoted me 5.0% on a new '08 CS....60 months term with $10K down. That was an initial figure without any further negotiation. I don't think that's too bad considering HELOCs are running about 4.75% now and could rachet higher quickly if the Fed raises rates to combat inflation. Also, some lenders are freezing HELOCs.

So far the dealer has counter-offered a final price of 12.8% (approx. their invoice cost according to the documents I saw) off the sticker vs. my initial offer of a 14.4% discount. I think the car has been sitting on the lot for quite a while so they may split the difference and accept a 13.6% discount or $500 below invoice. The car has Sport Chrono and a dealer installed lojack plus they are going to add the mats and colored crest wheel hubs. So it is very lightly optioned.
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