When shopping for a new luxury car, there are a number of considerations to juggle — including how you’re going to pay for it. As you consider a new vehicle from Jack Daniels Porsche, your premier Porsche dealership in Upper Saddle River, New Jersey, there are a few basic options. You can pay for it in cash. You can lease it. Or, you can finance it.
Each of these options has its merits, and there’s no one right answer. It all boils down to your financial situation. For those who do plan to finance, there are a few factors to note.
What to Know About Financing Your Porsche
When we talk about car financing, we’re talking about getting a loan to purchase the car of your choice. The big upshot to this, and the reason why many drivers prefer it to leasing, is that it results in you owning the vehicle outright. As such, you can make any modifications you want, and when you have the car paid off, you’re free to sell it if and when you want to.
The downside, when compared with leasing, is that you may need to make a slightly larger down payment, and your monthly payments might also be a little higher. That’s definitely something to think about as you consider the available options.
There are different ways to finance, and varied places you can turn for a loan. Local banks and credit unions often offer auto loan assistance, but the simplest strategy is to start with the dealership itself. At Jack Daniels Porsche, we maintain positive relationships with many local lenders, and we can help our buyers get the best rates possible. Ultimately, we want to make Porsche ownership as competitively-priced as can be for our clients.
Learn More About Financing Your Porsche
Buying a Porsche is a big investment. To that end, we will also note that our finance center has a reputation for providing buyers with upfront, transparent pricing information. Any time you have a question about vehicle leasing or financing, don’t hesitate to contact us directly.
Reach out to our Porsche dealership in Upper Saddle River to find out more about getting the new Porsche vehicle of your dreams.