Porsche Financing Deals

Owned by Volkswagen Auto Group, which makes its namesake Volkswagen vehicles along with brands like Bentley and Bugatti, German automaker Porsche has rolled performance sports cars off the line since 1948. It has become well known for athletic coupes and convertibles including the Cayman, 911 and Boxster, while more recently expanding into the popular SUV market with options like the Macan and Cayenne.

If you’re looking to buy a Porsche, expect to spend upward of $50,000 on its entry-level Cayman, just under that for the Macan SUV, all the way up to nearly $300,000 for top-of-the-line models. But that doesn’t necessarily mean you have to walk into the dealership with lots of cash. Porsche offers financing options through Porsche Financial Services. The brand also has leasing programs and a relatively new subscription plan in case you want a new Porsche every week.

Editorial Note: The editorial content on this page is not provided or commissioned by Volkswagen Auto Group or any of its partners or subsidiaries. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication. MSRPs in the article are accurate as of the date of publishing.

Porsche financing in a nutshell

  • Terms up to 84 months
  • Many offers require excellent credit.

To apply for financing, you’ll most likely have to make an in-person visit to a Porsche dealership. Information on specific rates and financing terms is limited on the Porsche Financial Service website though it does say terms may stretch up to 84 months. The lender doesn’t give a specific minimum credit score needed though it asks for “tier 1” credit, which typically means an excellent credit score.

You don’t have to use Porsche Financial Services in order to finance a new sports car. In fact, it’s a smart move to shop around for rates before heading to the dealership. If you go in with a pre-approved loan and the dealership can beat it, you’ll know you’ve researched the best deal possible. Just keep in mind that if you’re interested in one of the carmaker’s most expensive vehicles, some lenders outside of the dealership may cap loans at $100,000, so you will need to arrange for financing through a lender who will underwrite large amounts.

Porsche rebates and incentives

Porsche dealers offer specials throughout the year, so be sure to research possible deals in your area. The only available offers through Porsche Financial Services at press time were on Porsche leases, which we’ll talk about later. We did find dealerships advertising “conquest” programs, a common manufacturer incentive to reward customers for switching from rival brands.

Tax credits. For those looking to buy hybrid vehicles, federal tax credits could be applied to Porsche’s plug-in hybrid offerings including the Panamera or Cayenne E-Hybrids. Check energy.gov for more information on the rebate’s availability, eligibility and amount.

Porsche only has two models available to buy now, but the company announced plans to spend $6 billion euro on electromobility by 2022.

Leasing from Porsche

  • Terms depend on the vehicle, 24 months for Cayman and Boxster models and 36 months for other models.
  • 5,000 to 20,000 miles a year
  • Fees include a $950 acquisition fee and a $350 disposition fee at lease end.

Porsche’s Preferred Lease program is a good way to get a new Porsche for lower monthly payments than you might have to make if you were buying outright. Porsche also offers leases on vehicles that are up to five years old.

As of press time, Porsche Financial Services advertised lease offers on certain 2019 and 2018 models. Standard mileage options are between 10,000 and 15,000 miles per year, but also include low mileage options ranging between 5,000 and 7,000 miles per year for sports cars, which may lower your monthly payments. If you need more than 15,000 miles per year, you could purchase up to 20,000 miles per year at the beginning of the lease. Exceed those mileage limits or return the car with excessive wear and tear and you could pay fees of 30 cents per mile.

Leasing pros and cons. When leasing, you can make lower monthly payments on a vehicle than you might make when buying it outright. However, you’ll have to adhere to certain mileage limits, terms, and fees, as well as being tied to the vehicle for as many months as you agreed to, as early termination fees can be costly. And of course, at the end of your lease, you won’t own the vehicle unless you pay to purchase it.

Subscription program. There’s one more way to get into a new Porsche. Porsche Passport subscriptions were only available in Atlanta as of press time, but this program allows you to change your vehicle as often as you’d like. There are two membership levels: $2,000 or $3,000 a month, depending on which ar you select. Each requires a $500 activation fee.

Alternatives to Porsche financing

When it comes to financing your new Porsche, you have several options outside of Porsche Financial Services. It’s a good idea to compare APRs offered by the dealer with rates you could get through your bank, credit union or online lender.

If you’re financing a Porsche vehicle under $100,000, a traditional auto loan would work. However, if your vehicle purchase exceeds that number, you might need to finance through an alternative exotic car lender. It’s not uncommon for a Porsche to reach this price tag, so make sure to consider this before deciding on an alternative to Porsche Financial.

Banks, credit unions and online lenders can all help you get the money you need to buy your new vehicle. Comparing the rates, terms and more of your offers can help you get the best deal for you. Check out our auto section on LendingTree, where you may be able to receive up to five auto loan offers with only one form to fill out, and do your auto loan shopping the easy way.

More about Porsche

Whether you’re looking for a vehicle for the track or just looking to elevate your everyday driver, Porsche is known for performance cars. The brand’s reputation took a hit after parent company Volkswagen’s involvement in a diesel emissions scandal that included Porsche-branded vehicles, specifically 2013 to 2015 3.0-liter Porsche Cayennes. The scandal also swept up rival German luxury brands, including Mercedes-Benz.

But Porsche captured positive headlines more recently with the announcement of its investment in electric vehicles, including the Taycan. Additionally, Porsche is launching a new pay-per-mile auto insurance program after partnering with Mile Auto Incorporated. This program would base rates on miles driven, rewarding drivers who drive fewer than 10,000 miles a year, which includes about half of all Porsche drivers. It will be available in Illinois and Oregon in 2019.

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