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Old 02-10-2011, 10:43 AM   #1
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Financing Rates

Where have you gotten good rates from? I am looking at a 2003 Boxster S, and just got a stupidly high rate from Wells Fargo.

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Old 02-10-2011, 11:23 AM   #2
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Quote:
Originally Posted by xamfed
Where have you gotten good rates from? I am looking at a 2003 Boxster S, and just got a stupidly high rate from Wells Fargo.
2.99% from Bank of America, home equity loan. The only problem is that this rate is so low, I bought two motorcycles and my '03 Boxster base with it within a span of 1 year, all 100% financed. Some say you should never put your house up as collateral for a car, but I do a lot of things you're not supposed to do. I think of it as "stimulating the economy". And yes, it's a variable rate, but it's been at 2.99% for over two years now. Plus, I get to write off the interest, although at 2.99% there is not that much to write off.
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Old 02-10-2011, 02:32 PM   #3
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Maybe its their polite way of saying
we have too much money and don't need
ur money/business

My 2 cents

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Old 02-10-2011, 02:45 PM   #4
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Mine is 4.65% through a local credit union as a car loan. Didn't think it was too high of a rate considering when I refinanced my Harley to pay for some schooling they jumped my interest up to 12.95%. Bastards.
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Old 02-10-2011, 08:57 PM   #5
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Quote:
Originally Posted by xamfed
Where have you gotten good rates from? I am looking at a 2003 Boxster S, and just got a stupidly high rate from Wells Fargo.
What rate did they give you? They gotta make money to pay my salary
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Old 02-11-2011, 04:56 AM   #6
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Porsche's CPO only 1.9%.
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Old 02-11-2011, 05:35 AM   #7
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Penfed at 3.25%.

https://www.penfed.org/index.asp



Or do what the big banks can do, take as much leverage (credit) as you can possibly get, throw the money at stupidly high risks (Veyron?) and then when it's time to pay up, claim that you're a systemic risk to the economy and we (all of us taxpayers) will send money to help you out. /rant
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Old 02-11-2011, 06:29 AM   #8
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What rate did they give you? They gotta make money to pay my salary

11.49% because it is a 2003. it get's much better when i move to a newer car, but I want to keep the cost down, and i like the 986 better than a 987.
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Old 02-11-2011, 06:31 AM   #9
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Thanks, I will look into it.
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Old 03-11-2011, 09:30 PM   #10
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We got 2.79% for 4 years. 15% down. BOA. I expect interest rates to rise...especially after the 2012 election. Meanwhile I am earning 8%+ on my investments. Life is good.
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Old 03-11-2011, 10:31 PM   #11
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Quote:
Originally Posted by xamfed
Where have you gotten good rates from? I am looking at a 2003 Boxster S, and just got a stupidly high rate from Wells Fargo.
Went through a local credit union and picked up a 3.24% rate. Also refi'd my commuter car while I was at it, can't complain.

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