Rick Hill Porsche: Ask a Finance Expert FAQ
Porsche Financing FAQs
How much deposit will I need to finance a car?
Deposits are not required in most circumstances, however, any money that’s put down will lower the monthly payment.
What will my interest rate be?
Your interest rate is determined based off of your credit score as well as the year, make and miles on the vehicle.
Can I reduce my monthly payments?
You can depending on the down payment and the term that is selected during the finance process. You can also refinance your vehicle down the road.
Can I cancel my agreement?
After all the paperwork is signed, no you can’t, unless it involves the lemon law.
Can I settle the agreement early?
Most banking institutions require six months of payments, especially if loyalty or rebate credits are involved. If paid off early, those credits will be applied for the total amount of the loan to be paid off.
Can I add a service and maintenance package?
If the loan-to-value will allow it in the finance. If that’s not the case, then yes, service or a maintenance plan can be paid by cash, check or credit card.
Can I still finance a car if I have a low credit score?
Yes, it’s possible. It all depends on the loan-to-value and DTI (debt to income going out each month).
I recently financed a vehicle. However, since then, I need a different car. What should I do?
Come to Rick Hill Imports to see if we can get you out of that trade.