Who gives me a car loan, cargurus or a dealership or do i have to go through a bank?


Asked by Feb 03, 2014 at 07:03 PM about the 2001 Porsche 911 Carrera 4 AWD

Question type: Shopping & Pricing

I'm interested in your 2001 porsche 911 you have listed and I'm wondering if I can still get a 5 year loan on this older year car.

6 Answers

you are going to have to arrange things with the Seller...that guy or gal has it in mind what may be an appropriate payment schedule...some dealers actually have the nerve to get you into a ten-year payment plan...if it's all that you can afford...yet gotta have that machine~

The seller will put you on the trail of the bank that he/she always uses~

seems odd...a 4wd rear engined porcshe....the thing the world just hasn't seen...thought that I'd seen everything when the Taurus came out 4wd....sure there has to be a reason....but, for the life of me cannot see why do we bring all that extra weight and drivetrain EVERYWHERE we go...just seems like a waste to me....like bringin' a full-sized spare tire with you....yes, you're gonna pay to haul that extra weight...~

Stephen Smith

Unless you expect to drive in the snow often, a 4 wheel drive Porsche is a waste of money. True, they do handle well on the track or autocross course, but the weight and complexity and cost of working on them is not worth it. If it's a standard, the cost of doing a clutch can be scarey. Stick with a standard 2 wheel drive, it's more than enough car for most of us. If you've got good credit (over 700), getting a car loan on this car should not be a problem. Good luck.

Jim Ruggere

Typically the AWD Porsche coupes (Carrera 4,Targa 4 and 4S models) don't seem to hold their value as good as the 2 wheel rear drive models. This is due to extra maintenance costs and more drive-line parts to wear out. If you can find a nice one with low miles you might get a fabulous car, but be prepared for the cost of ownership if you keep the car for many years.

Jim Ruggere

To answer your actual question - a bank will usually give you a nice loan rate on a 7 year old and newer cars. A credit union will usually give you a better rate compared to a bank. If it' a private seller you are on your own. A dealership will usually try to help you finance because they want you to buy the car. Do lots of online investigating about the price and maybe give the seller a counter offer.

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