Open Today Sales: 9 AM-5 PM
Attention: Porsche Dealers
Effective: November 18,2021
Subject : PFS US College Graduate Program
In an effort to support dealers in providing lease and retail financing options to a new customer base, Porsche Financial Services (PFS) is excited to announce the PFS US College Graduate Program. This Program offers Lease and Retail Financing of New and Certified Pre-Owned (CPO) vehicles to eligible recent college graduates.
| Eligible vehicles | New, CPO | ||
| Eligible Programs | Lease, Retail | ||
| Amount Financed | Standard | ||
| Advance | Standard | ||
| Rates | Tier 2 rate unless credit score qualifies for a Tier 1 rate | ||
| Sales Support | Eligible | ||
| Term | Standard | ||
| Dealer Remuneration | Standard | ||
| Credit History | None required but if any, no derogatory credit allowed | ||
| Credit Tiers | All considered | ||
| Debt Ratio1 | <45% | ||
| Payment Ratio2 | <18% | ||
| Proof of Income |
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| Proof of Residence | United States citizenship or United States Permanent Resident Card valid for financed term | ||
| Other Requirements |
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1 Debt ratio is defined as total monthly obligations divided by annual gross income
2 Payment ratio is defined as total monthly vehicle payment divided by annual gross income
Eligible Vehicles
All New or CPO Porsche vehicle -$75,000 USD (plus PPP, Tax, Title and License) max amount financed within advance program guidelines. All Porsche vehicles qualify but must meet maxed amount financed guidelines.
Rate, Terms, and Conditions
All approved candidates qualify for Tier 2 rate unless credit score qualifies for a Tier 1 rate. All Standard and sales support programs may apply, including the PFS 90 Days to First Payment Finance Program if qualified candidate exercises PFS US College Graduate Program within 3 months of graduation. Customer is eligible for these program benefits once per degree. All applications must be reviewed and approved by Credit Underwriting.
Audit
Dealer compliance within the terms and conditions of the PFS US College Graduate Program is subject to audit by PFS or its designee. Situations falling to meet Program Requirements will result in a chargeback to the dealer.