This thread is for those of you who are purchasing the P85D with financing:
1. What are your financing terms for purchasing the P85D? (i.e. banking with Alliant Credit Union, the car is $130k with $13k down and financing $117k at 1.79% APR)
2. How much is your bank requiring as a down payment? I'm concerned that since the P85D is around $130k, that banks/credit unions will not treat it like they would an $80k vehicle. I'd like to put 10% down (or as little as possible) since financing at 1.79% is much lower than what my cash earns elsewhere.
3. Will I be able to qualify for a $130k P85D? How much will I need to put down? I make $150k/year, am single with 4 houses (all investment properties) and 2 mortgages--no other debt. Credit score is > 760. My cashflow is > $6,000/month after all expenses, so the monthly ~$1800 for the car is not an issue.
1. What are your financing terms for purchasing the P85D? (i.e. banking with Alliant Credit Union, the car is $130k with $13k down and financing $117k at 1.79% APR)
2. How much is your bank requiring as a down payment? I'm concerned that since the P85D is around $130k, that banks/credit unions will not treat it like they would an $80k vehicle. I'd like to put 10% down (or as little as possible) since financing at 1.79% is much lower than what my cash earns elsewhere.
3. Will I be able to qualify for a $130k P85D? How much will I need to put down? I make $150k/year, am single with 4 houses (all investment properties) and 2 mortgages--no other debt. Credit score is > 760. My cashflow is > $6,000/month after all expenses, so the monthly ~$1800 for the car is not an issue.