Why buy a cheap car like a Lexus when you can buy a Porche?
If you want to buy a luxury car then December is the time to do it! Dealers who have excess inventory on December 31st get the privilege of paying inventory tax on their excess inventory. It is one thing to pay tax on 50 Toyotas. Try the same thing on 50 Porsche's!
Normally, Porsche is not too worried about it's US dealers. Demand for their flashy wheels has been stable and strong. However, with an economy in the depths of despair not seen for decades, Porche has decided to give their US dealers a hand. If you buy an 2009 911, Boxter or Cayman before the end of the year, Porsche will give you a 1.9% interest rate on your purchase. What is in it for Porche? Keeping it's dealers in business is one thing. There are not as many rich guys as there used to be!
Of course, you have to have stellar credit and loads of disposable income to quality for the Porsche deal. While Porsche wants to help out it's dealers the luxury motor car company knows how to stay in the black. They also know how to draw in the prospects. While nearly every sports car buyer is attracted by a super low interest rates, a fair share can't quality and Porsche knows that. These are precisely the kind of buyers who insist on buying a fancy car that puts them into debt up to their gills. There will be plenty of buyers who come looking for the low rate and who roll out paying market bank rates instead.
The low interest rate financing plan has worked well for Porsche. At the end of November Porsche ended a similar finance offer on it's Cayman. It was almost too successful. But with heavy inventory still left to sell, Porsche wisely brought the program back to life.
If you want a luxury sports car, Porsche is a great choice this year. At the same time, Lexus, BMW with their 325 series and Mercedes Benz have some pretty good financing and low rate deals going on. Deep discounts for cash may be had, and there is the traditional lease deal, as well. Be sure to shop around!
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