Finty
Porsche Financial Services

Porsche Financial Services Consumer Loan - Guaranteed Future Value

SecuredFixed rate

Porsche Consumer Loan-Guaranteed Future Value allows you to safeguard the future value of your vehicle. You choose the term and KM limit that suits your needs and we guarantee the future value of your car at the end of the term, subject to fair wear and tear guidelines. You can use Porsche Consumer Loan - GFV with a Consumer Loan finance product.

Written byDavid Boyd
Interest rate a year, from
9.03%
Comparison rate, from
9.77%
Establishment fee
$520
Monthly fee
Not published
Borrow
Not published

Monthly repayment

$20,000 over 3 years

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What it would cost

At the lowest published rate of 9.03%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$636
Total repayments
$22,906
Interest
$2,906

Loan details

Rates

Interest rate (a year)
9.03%
Comparison rate (a year)
9.77%
Rate type
Fixed
Security
Secured

Limits and fees

Loan amount
Not published
Loan term
3 years to 5 years
Establishment fee
$520
Monthly fee
Not published

How it compares

Against the other secured car loans we compare. Typical means the middle half of them.

Comparison rate

9.77%

From 9.77%. A typical loan starts at 7.99%.

Cost of $20,000 over 5 years

$5,448

Interest and fees at its starting rate. Typical is $4,663.

Setup fee

$520

A typical setup fee is $258.

Longest term

5 years

7 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 9.03%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.

Cons

  • A higher starting rate. Its comparison rate starts at 9.77%, above the typical 7.99%, so it's likely to cost more than most similar loans unless you're offered less.
  • A higher setup fee. $520, above the typical $258. It's usually added to the loan, so you pay interest on it too.
  • Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
  • A $35 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Secured loans from other lenders that start at a similar comparison rate.