nberry:

Porsche rates are hideous and the reason why they approve most applications. In the US, Porsche usually approves or declines credit within 24 hours.

If this would be true in Germany, everyone would drive a Porsche. Smiley

I don't know about the US but in Germany, even people with low(er) income seem to try to apply but don't succeed.

I remember the story of a 20 year old who wanted to lease a Boxster for him, he made 800 EUR per month or so, lease was 699 or 799, don't remember and parents wanted to pay the initial payment of 22000 or 25000 and since that guy lived at home with his parents, he argued that he didn't need his income for living cost. No chance for him to lease the car, he had to have his own income and he didn't qualify. Smiley


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RC (Germany) - Rennteam Editor Audi R8 V10 Plus (2016), Mercedes E63 S AMG Edition 1 (2018), Range Rover Evoque Si4 Black Edition (2019)