Porsche Refinancing (August 2025)

Save more money on your Porsche auto loan

By refinancing your Porsche with Way.com, you could:

• Lower your Porsche loan interest rates
• Reduce your monthly Porsche finance payments
• Add or remove a co-signer or co-borrower from your loan
• Refinance and buy out a Porsche lease
• Change your Porsche loan’s terms and conditions
• Defer a payment or take payment vacations

What is Porsche refinancing?

While owning a Porsche is the ultimate status symbol, there's nothing that hurts more than overpaying on your auto loan. Porsche refinancing allows you to replace your current Porsche auto loan and take a new one – typically with better terms and conditions.

The new lender will pay off the remaining loan balance on your old loan, leaving you free to pay more affordable payments on the new loan. Ultimately, Porsche refinancing will help you save money throughout the loan!

Why should I refinance my Porsche?

As one of the most coveted sports brands in the world, driving a Porsche truly is an exhilarating experience. However, you may have financed your Porsche auto loan from a bank or dealer who charged you a much higher APR than you deserved. Your monthly payments might be taking a big chunk out of your finances!

However, all is not lost – especially if you have a better credit profile than before. By refinancing your Porsche, you could:

• Lower your Porsche interest rate: Reducing your APR by just 1% can save you hundreds annually. If your credit score is excellent, you can slash your APR by 2-3%.
• Lower your Porsche finance payment: With rising car maintenance costs, every dollar saved can be put to use elsewhere.
• Add or remove a co-borrower/co-signer: Financing a Porsche is not easy! If you’re facing a cash crunch and want to add a co-borrower/co-signer to help you pay off the loan, Porsche refinancing will let you do that.
• Add more benefits to your loan: Insure your Porsche against any damages with GAP insurance, Extended Warranty, and more.
• Get cash-out refinancing: Need quick cash? Refinance and take a loan based on the amount of equity you own in your Porsche.
• Buy out your Porsche lease at the end of the term.

How much can you save when refinancing your Porsche with Way.com?

The average auto monthly payment in the US has now topped $600. Your Porsche loan payment could be even higher, given how even the base models start at $60,000.

If you refinance with the right lender and have a great credit score, you can reduce your APR by as much as 2-3%. Way.com users have been able to get great deals and save up to $1500 every year!

You can also use cashback auto refinancing to borrow emergency funds with your Porsche as collateral.

When should you refinance your Porsche?

While the first instinct will be to refinance as soon as you realize you’re overpaying, we’d recommend holding that thought. There are several criteria that need to fall into place before refinancing your Porsche.

Consider refinancing only if you meet some of the following criteria:

• At least six months have passed since you took the original loan
• Your credit score has increased to more than it was when you first applied
• You have built up a consistent payment history and cleared all pending dues
• You’re facing a financial crunch in the near future and want to save money
• You want to change the loan conditions and add a co-signer or co-borrower

Porshe Refinance Rates (June 2023)

What Porsche models can I refinance?

Almost all Porsche models will be eligible for refinance. However, it’s best to check with your lender before finalizing the refinance offer. Some popular models of Porsche are:

• Porsche Taycan
• Porsche Cayenne
• Porsche Panamera
• Porsche Cayman
• Porsche Maca
• Porsche 911

What documents are required for Porsche refinancing?

Keep these details and necessary documents ready - it will help you breeze through the refinance process.

• Your credit score: While you’ll get good rates above 660, aim for a credit score above 700.
• 14-day payoff amount: Call your lender and ask for the remaining loan balance, including the next 14 days’ principal and interest.
• Car Loan-to-value ratio: Being “underwater” on your auto loan can reduce the chances of obtaining refinancing.
• Loan term remaining: You should have at least a year left to repay the existing loan.
• Prepayment penalty: Make sure that your existing loan provider does not have a clause penalizing you for paying off the loan early.

Also keep your personal details ready, like:

• Vehicle information: VIN, title, registration, number, and mileage
• Income information: Salary slips, pay stubs, and tax returns
• Personal information: Driver's license and Social Security Number

Will my Porsche be eligible for refinancing?

While different lenders have different eligibility requirements, your Porsche will typically pre-qualify for refinancing if:

• It is less than 10 years old
• It has a mileage of less than 100,000
• You have a valid driving license
• You have a valid registration
• You have a consistent payment history on your current loan
• You have a verifiable income source
• You have full coverage insurance

How to refinance my Porsche with Way.com

Step 1: Estimate the possible savings on your Porsche loan

Punch in your desired APR and loan term into an online auto loan refinance calculator and find your new estimated monthly payment. If this amount is lower than your current payment, refinancing your Porsche is a good idea.

Step 2: Pre-qualify for multiple offers

Shop around and compare offers from multiple lenders, get approved, and only then apply for refinancing. Since most lenders pre-qualify using a soft credit pull, it won’t affect your credit score.

You can also temporarily avoid a hard inquiry, as most lenders use a soft credit pull which won't affect your credit score.

Step 3: Choose an offer and start saving

When you find an offer you like, apply to the lender by submitting all the supporting documents. At this point, there will be a hard credit inquiry which will temporarily affect your credit score – but you can easily make that up with consistent payments.

Once you are approved for refinance, you will receive funding between 1-3 business days.

Can you refinance a Porsche with bad credit?

Ideally, you should have a better credit score than when you first applied for the existing loan. However, you can also refinance a vehicle with bad credit. This includes borrowers with previous bankruptcies, repossessions, defaults, or late payments on their credit record.

However, you may have to also compromise on some aspects like:

• Make a larger down payment at the time of refinancing
• Get a co-borrower or co-signer to reduce the lender’s risk
• Search for lenders specializing in bad credit loans
• Settle for a higher APR (which could affect your savings in the long run)

It’s always best to build your credit score before refinancing. You can get better deals by using refinance aggregators like Way.com as well.

Why our Porsche Refinance Program is great for you

At Way.com, we understand that financing and maintaining a Porsche costs money – a lot of money. Rising vehicle costs, fuel prices, and auto loan payments could be bleeding your wallet – why should owning a Porsche be such a struggle?

Way.com is simplifying vehicle ownership in America - starting with your car payments! With Way.com, you can easily:

• Get connected to the best refinance lenders
• Compare offers and rates from multiple lenders
• Refinance lease buyouts
• Include additional benefits like insurance, extended warranty, etc
• Refinance with a bad credit score

… and much more!

What is Way.com?

Way.com is the only all-in-one car services marketplace and auto super app you need, working to make vehicle ownership affordable to millions of Americans. Whether you own a sedan, sports car, hatchback, truck, motorcycle, or RV, the Way.com auto super app can help you save more than $1500/year through our following services:

• Auto insurance and refinance
• Airport parking and city parking
• Car wash services
• Roadside assistance and Cashback on gas

Way.com has a 4.5 rating on Trustpilot, with more than 3 million satisfied customers. The Way app also has a 4.7 rating on Google Play and 4.9 on the iOS app store.