Program Bg

College Graduate Program

End of Term College Graduate Program

Program Period

Attention:       Porsche Dealers
Effective:         November 18,2021
Subject :           PFS US College Graduate Program

Program Offer

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.

Program Highlights

  • All New or CPO Porsche vehicles -$75,000 USD (plus Porsche Protection Plan (PPP), Tax, Title and License) max amount financed.
  • Applicants who have graduated within the last 24 months or are eligible for graduation in the next 3 months from an accredited college within the 50 United States.
  • No previous credit history is required.
    Please see the following pages for Program Guidelines as well as instructions on how dealers can select this special program in Dealertrack.

PFS US College Graduate Program

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
  •  Most recent pay stub and employment letter with the HR contact information stating income,Position and title( W-2 is also acceptable).
  • If employment starts within 3 months, employment letter with HR
    contact information, income, position, title, and start date is required.
Proof of Residence  United States citizenship or United States Permanent Resident Card valid for financed term
Other Requirements
  •  Graduated within the last 24 months or are eligible for graduation in the next 3 months from an accredited college within the 50 United States.
  • Graduate of an accredited college of a 4 year undergraduate degree, a graduate
    degree or registered nurse degree.
  • Copy of official college transcripts or letter from registrar’s office
    stating Intent of Graduation within the next 3 months.</li

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.

Learn More

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