If need be I always use credit cards with interest free deals. You can usually get them over a 2yr period. Benefit to that, apart from no interest, is they can't get their hands on the money if its written off. You can even get over 40 month deals now around 3% transfer fee. _________________ 2000 Manual 996 C4 Arctic Silver Convertible
jonttt Reims
Joined: 20 Aug 2012 Posts: 4004 Location: Liverpool
Posted: Wed Apr 19, 2017 5:53 pm Post subject:
Halifax are aggressively entering the car finance market BUT you have to be an existing customer with at least 3 months history of the current account being used to pay bills.
Clysdale. There is a thread on the Macan owners forum of a couple of guys there who are doing great deals on porsches. Depends on how your financing but they seem c2.5% under Porsche APR.
I am 2 months out of date now but always compare cost of finance v cost of funding fully. They where the best comparable I could find. _________________ "Imagination is more important than knowledge" Einstein
1997 Porsche 911 993 C4S My Journal
2014 Boxster GTS My Journal
2015 FFRR Black Edition
2017 RR Evoque Autobiography
911Osk Newbie
Joined: 19 Apr 2017 Posts: 4
Posted: Thu Apr 20, 2017 8:38 am Post subject:
Thanks chaps, I've just spoken to James at Clydesdale (from the Macan forum) and gone ahead on 4.3% APR. They seem to be the best around. The HP with the balloon works well for me as I'm planning on keeping it a fair while.
james.bowers@cybg.com is his email if anyone's interested, they said they're offering discounts to Porsche forum members.
Where's best for GAP?
911Osk Newbie
Joined: 19 Apr 2017 Posts: 4
Posted: Thu Apr 20, 2017 8:41 am Post subject:
alex yates wrote:
If need be I always use credit cards with interest free deals. You can usually get them over a 2yr period. Benefit to that, apart from no interest, is they can't get their hands on the money if its written off. You can even get over 40 month deals now around 3% transfer fee.
Thanks Alex, bit worried about all that being unsecured. I've thought about using an Amex for the deposit then getting flight miles back!
P911X50 Trainee
Joined: 03 Jan 2017 Posts: 69 Location: Hertfordshire
Posted: Thu Apr 20, 2017 10:16 am Post subject:
Tesco finance. I got 3.8% in October. A deciding factor when buying my 996 X50 _________________ Porsche 996 Turbo X50 with 9e exhaust
Evo 4 with Evo 8 MR Engine 360 bhp - Road Legal Track car
Previous
MR2 Turbo 280 bhp - Road Legal Track Car
jonttt Reims
Joined: 20 Aug 2012 Posts: 4004 Location: Liverpool
Posted: Thu Apr 20, 2017 4:27 pm Post subject:
Tesco don't do car financing, they are straight loan repayments. You will always get cheaper APR on those as you are paying off the loan in full over the term. They are also usually capped at £25k. The car financing which most people want is based on lower monthly payments but with a balloon payment at the end of term. This can be secured with a higher debt ie to purchase a more expensive car. The APR is higher as there is more interest charged.
I only quoted the best finance providers and not loan providers. _________________ "Imagination is more important than knowledge" Einstein
1997 Porsche 911 993 C4S My Journal
2014 Boxster GTS My Journal
2015 FFRR Black Edition
2017 RR Evoque Autobiography
P911X50 Trainee
Joined: 03 Jan 2017 Posts: 69 Location: Hertfordshire
Posted: Fri Apr 21, 2017 2:30 am Post subject:
Hi
I took out £25k loan to support my purchase from Tesco, couldn't believe how good the rate was. _________________ Porsche 996 Turbo X50 with 9e exhaust
Evo 4 with Evo 8 MR Engine 360 bhp - Road Legal Track car
Previous
MR2 Turbo 280 bhp - Road Legal Track Car
MNC911 Imola
Joined: 10 Feb 2016 Posts: 849 Location: Prestbury
Posted: Fri Apr 21, 2017 6:27 am Post subject:
alex yates wrote:
If need be I always use credit cards with interest free deals. You can usually get them over a 2yr period. Benefit to that, apart from no interest, is they can't get their hands on the money if its written off. You can even get over 40 month deals now around 3% transfer fee.
+ it's covered by the card lender should you need any back up if the purchase goes wrong.
Then when before the end of the 0% period is up take out another card to close the remaining balance.
There's absolutely no need to have any APR for the first years. If you don't take the advice you're giving away money to lenders which could be ploughed into a card to clear more of the loan at 0% finance.
Obviously it's your choice as it's your money. _________________ History:
'10 911 Cab
'13 Cayman
'02 Boxster
911Osk Newbie
Joined: 19 Apr 2017 Posts: 4
Posted: Fri Apr 21, 2017 11:49 am Post subject:
Thanks for all the help. All advice taken on board
Looked into the credit card option but the limits weren't enough for me to get anywhere close to how much I needed. I'd need 3/4 cars with at least a £15k limit on all of them + Porsche charge for using credit cards!
For me, I'd rather pay the interest knowing the security behind it. I would feel uncomfortable having that much unsecured.
Robertb Long Beach
Joined: 01 Sep 2003 Posts: 6001 Location: South Oxfordshire
I'd imagine that having lots of credit outstanding on cards would not be a good thing for credit rating either, not to mention one is assuming that good 0% deals will always exist when its time to roll it over. A proper finance deal or loan over a period gives more certainty. _________________ "911- the guilt-free supercar"
Current: 2003 C4S Coupe, seal/black
Ex: '02 C4S Coupe, '96 993 Targa, '88 Carrera Sport Coupe
All times are GMT - 11 Hours
Page 1 of 1
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum You can attach files in this forum You can download files in this forum You cannot post calendar events in this forum
![Porsche 911 [991]](./images/models/998.png)
![Porsche 911 [997]](./images/models/Model-997.gif)
![Porsche 911 [GT]](./images/models/Model-GT.png)
![Porsche 911 [996]](./images/models/Model-996.gif)
![Porsche 911 [993]](./images/models/Model-993.gif)
![Porsche 911 [RS]](./images/models/Model-RS.gif)
![Porsche 911 [964]](./images/models/Model-964.gif)
![Porsche 911 [Early]](./images/models/Model-Early.gif)
