Porsche Finance

Known for unrelenting power built with excellent handling and precision engineering, Porsche is one of the icons of the supercar and luxury vehicle world. 

As a proudly independent finance broker, Magnitude has been creating bespoke finance products and conducting in-depth searches when it comes to luxury car finance for over 30 years – providing unbeatable solutions for dream Porsche models of all kinds. 

First founded in Stuttgart, Germany back in 1931 by Dr. Ferdinand Porsche, the inventor of the first hybrid electric-petrol vehicle years prior, his namesake brand has gone from strength to strength over the last century. 

Combining expert heritage and forward-thinking ingenuity, its unique handling capabilities come from the boxer engine situated behind the rear axle – a trait that has stuck through the years since the introduction of the 911, offering room to move as well as practical comfort. 

Despite familiar features sticking through its usual offering of roadsters and beyond, that doesn’t mean that Porsche hasn’t gone on to experiment and dominate the prestige vehicle and supercar market. 

Since then, the house has created souped-up sports cars, sedans, a utility offering, and even GT cars powered by V8 – proving this marque knows how to make the most out of a clever design that promises smooth and truly experiential driving. 

From the Porsche 911 992 GT3 to the Carrera GT, it’s easy to see why this powerhouse of engineering and style has quickly become one of the most beloved luxury car makers known the world over – including us. 

As a team of passionate petrol heads, we love to share thoughts and insights from the world of motoring – including coverage on new releases, drive reviews, and finance tips on the little-less-known from customers and us here at Magnitude Finance.

For the latest news and opinions from the luxury car finance sector and the supercar world at large, check out our buyer’s guides, reviews, and customer driving insights here

Is there a particular Porsche model you create finance plans for?

When it comes to securing a finance agreement on your next luxurious high-performance sports vehicle, we can offer you unbeatable deals at exclusive, competitive rates. 

Thanks to a panel of tried and trusted lenders that we have used to help structure an impressive range of finance solutions, we can cater to your unique requirements – including personal circumstances, budgeting plans, and specific model wishes.

 Our team is able to arrange a range of finance options for any model of Porsche. Whether it’s new or used, classic or even limited edition, our friendly in-house experts are on hand to offer guidance and access to deals that can’t be found anywhere else on the prestige car market. 

From the moment you pick up the phone to have a no-obligation chat with a member of the team, right through to the moment we send off your comprehensive finance application, we’ll pivot our services to suit you.

Looking for competitive finance with an individual feel? 

Magnitude Finance has you covered. 

Explore our amazing range of bespoke car finance products here and find out how we can get you the keys to the Porsche of your dreams. 

I have bad credit – can I still get competitive finance deals for a Porsche?

Our finance team often gets this question. 

At Magnitude, we want everyone to be able to experience the feeling that comes from getting behind the wheel of a Porsche. There’s nothing like it. 

That’s why we will always offer our clients advice that is truly in their best interest – as well as no-fuss car finance and an impressive stock of knowledge to boot.

One of the joys of being an independent finance broker and a bunch of self-confessed car fanatics, is that we get to help people gain unmatched access to the vehicles of their dreams while offering tailored advice and guidance.

In line with industry standards and general practice, we carry out a full quotation search on all of our clients before submitting any finance applications to our lenders. 

However, this is something that only your eyes can see on your search and it’s only when we reach the formal proposal stage that finance companies will complete a full reference search. 

When it comes to individual circumstances or a less-than-perfect credit history, we treat each case as a standalone. In some cases, we are able to guide and support as best as we can using our financial expertise – but it is important for our clients to remember that we are not advisors or direct lenders. We are credit brokers. 

However, if an option is available and favourable for your situation, we’ll do everything we can to point you in the right direction and structure a finance arrangement that works best for you.

As such, although we can’t make a general assumption that we will be able to help you – as our client field is wide and varied – we will certainly offer you advice in your best interests.

The easiest way to discover your options is to pick up the phone and give us a call or get in touch through one of our easy contact channels. We’ll be able to help.

Want to get behind the wheel of your dream Porsche? Explore our bespoke finance options

Whether you’re on the hunt for classic car finance in pursuit of a model steeped in heritage or have your eye on one of Porsche’s sportier offerings, we are the go-to finance brokerage service.

Super car finance shouldn’t be super hard. 

We make things simple with a straightforward selection of top-class products, offering you flexibility at finance rates that cannot be found anywhere else on the market. We do this by forging specialist partnerships with a selection of discerning lenders, some of which do not deal directly with the public. 

Who doesn’t love a bit of the special treatment? 

Discover our range of finance products below. 

 

Porsche finance

PCP Finance

It was alright in the 90s. 

Probably more than just alright, as this was the era that Personal Contract Purchase (PCP) was created – quickly becoming one of the most popular ways to lease a prestige vehicle from hallmark names such as Porsche. 

PCP Finance has the skeleton of a traditional Hire Purchase (HP) deal, which allows you to enjoy all the straightforward benefits of that method but with the added bonus of a deferred payment. 

This payment value, which is determined at the start of your contract and agreed upon by yourself and your dedicated account manager, is known as the Guaranteed Minimum Future Value (GMFV).

Its weight is determined by the car’s starting mileage, an annual mileage limit that you will estimate from your driving plans and, of course, how old your Porsche is.

This means that your payments and most importantly, the car itself, is safe from any changes or fluctuations in price throughout the plan.

This, combined with impressive flexibility and the option to create bespoke deposit amounts and budgeting options throughout, makes this an excellent choice for clients. 

Whatever you choose to do with your vehicle at the end of the plan is up to you. Whether you plan to keep the keys to your Porsche, switch up models or simply hand it back in and drive away happy.

To explore our PCP Finance solution in more depth, take a look at our dedicated product page here.

 

Hire Purchase 

For passionate Porsche fans who want an easy and straightforward way to get – and keep – ownership of their luxury vehicle, our Hire Purchase packages are the way to go. 

We know that financing cars with higher price-points can feel like navigating a minefield. Luckily, our Hire Purchasing solutions offer easy-to-manage repayments over a tailored agreement length. Should you need more breathing room for your budget, we can customise your plan to spread these out or you can choose to pay in bigger chunks.

But don’t let its simplicity fool you. Unlike PCP finance, Hire Purchase deals mean you aren’t limited by charges for damages or restrictions on aspects such as annual mileage.

Who doesn’t love a little bit of extra freedom? 

In all, a Hire Purchase agreement is fantastic for collectors and car enthusiasts who want a simple way of securing finance for a prestige vehicle they plan on keeping and enjoying for many years in the future.

Got your eye on a 718 Cayman? What about an electric Porsche option, like the Taycan? With a Hire Purchase plan from Magnitude, moving your driving experience up a gear has never been easier.

To discover more about this stress-free solution, read the full breakdown on its dedicated product page.

 

Porsche 911
White Porsche 911

Hire Purchase – with Balloon

Variety is the spice of life. That’s why we offer our Hire Purchase plans with the option of adding a balloon payment, allowing you to keep more cash in your wallet thanks to reductions on your monthly payment amounts. 

This gives you more control over your cash flow and gives you even more room to budget throughout your contract.

Especially handy for those who have their heart set on a Porsche model with a high residual value, such as collectable releases like the 935 or limited-edition productions, this gives you further flexibility and reassurance. 

As the deferred amount is fixed in advance, you know exactly what to expect when your contract ends. Working similarly to a ‘lump sum’ payment in regular financing situations, once this balloon is paid off – ownership officially becomes yours. 

But if you’d rather part ways with your Porsche at the end of your agreement or trade it in for another model, we can help. Just let the team at Magnitude know your plans and we can arrange for the part-exchange of your existing model with any leftover equity being paid forward towards your new dream model. 

When it comes to giving you that extra bit of freedom, we can help. 

 

Balanced Payments

For the seasoned investor and car fan, who already has a good working knowledge of the risks and rewards of this type of finance, using balanced payments can be an excellent way to secure a lease on a top-tier Porsche model.

You can enjoy low deposits, similar to other Magnitude Finance products, alongside flexible options should you wish to settle early. But most crucially, business users can enjoy potential tax benefits such as VAT-free payments should they qualify – with overall reduced interest penalty choices when you pay off the car early. 

Discover what savings you could expect by using our straightforward Settlement Calculator for a quick, no-fuss estimate.

As with any products with a tracked variable, you could have the opportunity to make major savings should interest rates fall – but as always, there is an element of risk involved. 

If you’re interested in exploring Balanced Payments as a way to finance your latest Porsche addition, get in touch with our team today. 

They’ll be more than happy to make recommendations based on your unique circumstances and onward plans. 

Still feeling a little lost?

Brush up on your car financing knowledge with useful tips and tricks from our Car Finance Academy here.

Written by our in-house team of experts, we’ve collated everything you need to know about leasing and buying solutions in the world of luxury marques.

Hire Purchase

Under a Hire Purchase agreement, you usually pay a deposit at the start of the agreement. You then pay the rest of the value of the car in instalments, over a period of between 3 and 5 years.

Personal Contract Purchase

PCP is a popular way of financing a vehicle and is usually based upon a Hire Purchase agreement. The main difference is that the vehicle’s value at the end of the agreement is calculated at the start.

Balanced Payment Plan

A Balanced Payment Plan offers the benefits of a fixed monthly payment, however, tracks the changes in the finance house base rate, LIBOR or bank base, depending on the agreement.

Specialist Facilities

We have access to a number of specialist lenders that will look at high value vehicles over £1 million, classic and exotic cars, refinancing existing deals, equity release or even assets other than vehicles.

PORSCHE FINANCE EXAMPLE

Representative example - Porsche 911 Carrera GTS

£84,995

Deposit £14,000.00
Amount of credit £70,995.00
Total amount payable £98,738.45
Guaranteed Future Value £45,675.00
Duration of agreement 42 months
Regular monthly instalment £952.52
Type of interest Fixed
Representative APR 6.9%
Excess mileage charge 22 ppm
Final instalment £45,685.00
Option to purchase fee £10.00

*This Porsche PCP finance example is for illustration purposes only. Please contact our finance team for a tailored quotation.

Use our Dynamic Finance Calculator 

Still not sure what to expect? Get a customised finance calculation from Magnitude using our cutting-edge calculator, today.

It can produce super-accurate results in less than sixty seconds, giving you a full scope across our entire range of products for a number of Porsche models – including rare and classic editions. 

We think it makes sense to work smarter, so our customers don’t work harder for the information they need. That’s why we actively invest in industry-leading technology solutions to ensure the entire finance process goes smoothly, from those crucial first queries to the moment the keys get handed over.

Get a bespoke finance calculation from us today.