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How to finance a Porsche

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Plus, unlock MSRPs for its top luxury models and what warranties it has to offer.

Known for its sleek design and sophisticated German engineering, owning a Porsche is the end game for many drivers. But if you can’t afford to drop the big bucks on one of these luxury vehicles, you have a few financing options to consider.

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  • Min. Credit Score Required: 300
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How can I finance a Porsche?

Unlike midrange cars that come with a more modest price tag, you’ll need to find more specialized financing if you want to buy a Porsche. Because the base price of these vehicles is so high — even before adding on extra features — you’ll need to find a lender that offers relatively large loan amounts.

If you’re looking to secure the lowest rate possible, a car loan from a bank, credit union or online lender may be your best bet. While this isn’t the fastest way to go, you can compare lenders and fill out preapproval forms to ensure you’re getting a competitive deal. Another option is taking out a personal loan. However, since this type of financing isn’t secured by the car you’re purchasing, you likely won’t find as low of rates as you would with a car loan.

Looking to speed up the process? Then you may want to consider financing or leasing directly through an authorized Porsche dealer. Here are your two options:

  • Financing through Porsche Financial Services. Porsche Financial Services offers loans up to seven years, giving you plenty of time to pay off your car while avoiding sky-high monthly payments. Just be aware that this will cost you more in interest in the long run. Depending on your credit rating and personal finances, you may even be able to secure a loan with no down payment required.
  • Leasing through Porsche Preferred Leasing. Porsche’s leasing option is solid, especially if you don’t want to invest in a luxury vehicle that could quickly depreciate in value. Porsche offers flexible terms, no security deposit for qualifying customers and a single-pay option that allows you to pay the whole cost of your lease up front. Past deals have included leasing the 2019 911 Carrera Coupe at $1,299 a month for three years with $9,749 due at signing.*

Depending on where you live and your local dealership, you may find special promotions like low-down payment options or cashback bonuses. The rates and terms you qualify for will depend on your credit report and personal financial situation.

*Rates as of November 27, 2018.

Compare car loans for financing a Porsche

Updated March 20th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
300
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Good to excellent credit
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
Lower your monthly car payments and save on interest through a fast and easy online application process.
510
Varies
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
Connect with a network of over 150 lenders to refinance your car loan.
Good to excellent credit
Varies by lender
Must be a US citizen and 18+ years old. Must have good to excellent credit.
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

Does Porsche offer special discounts or programs?

Unlike other brands, Porsche doesn’t have any special car-buyer programs for veterans, college students or business professionals. This means you’ll either have to find a good deal on your loan or accept paying the full price of your luxury vehicle. If you’re looking to pay less and still drive a Porsche, you may want to looking into purchasing a certified preowned (CPO) Porsche instead.

What will a new Porsche cost me?

Before you start comparing car loans for a new Porsche, you might want to look at the manufacturer suggested retail price (MSRP) of the model you’re interested in. This not only gives you an idea of how much you’ll need to borrow, but can also inform your price negotiations. The actual cost you end up paying will vary based on where you live, your negotiation skills and whether you qualify for any special promotions.

2018 Porsche modelStarting MSRPBodyCity/highway MPG
Macan$49,900SUV20/25
718 Cayman$56,900Sports coupe22/29
Cayenne$65,700SUV18/24
Panamera$86,300Sedan21/28
911 Carrera$91,100Sports coupe22/30

Average car insurance rates for driving a Porsche

Does a new Porsche come with a warranty?

Yes, all new Porsches come with a few different warranties, including:

  • Limited warranty. This four-year, 50,000-mile warranty covers repairs — including parts and labor — for anything that stops working properly under normal use. You’ll also have access to 24-hour roadside assistance for emergency towing, jump starts, flat tires and lockouts, as well as trip interruption reimbursement.
  • Warranty for genuine Porsche parts. Good for two years, this warranty covers any genuine Porsche parts, exchange parts or accessories.
  • Rust warranty. This 12-year limited warranty covers your vehicle against rust and corrosion.
  • Emissions warranty. Depending on your state, you may also have a warranty that covers emissions.
  • Hybrid battery warranty. If you bought a hybrid, your battery is covered by an eight-year, 100,000-mile limited warranty.

Buying a used Porsche? It also offers a two-year, 100,000-mile CPO warranty once the original warranty period has expired.

Bottom line

Owning a Porsche is a dream of many, and luckily there are a few financing options to turn that dream into a reality. However, since Porsche doesn’t offer any special car-buyer programs or financing deals, you may not be able to score a discount like you would with other car brands.

Compare your car loan options or read more about luxury car loans so you know exactly what to expect before signing the dotted line.

Frequently asked questions

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Kellye Guinan

Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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