Porsches more affordable with new financing scheme

German sports car maker Porsche's financing arm is teaming up with Hong Leong Finance to enter the high-value car loan business here.

Under the scheme - which essentially works like a leasing plan, Porsche buyers can get a loan over a fixed period of three or four years.

The company will then buy back the car at an amount pegged to the outstanding loan value.

The interest rate for instalment payments will also be at the market rate - 1.88 per cent.

According to the report, the flexible scheme is expected to make the owning of a Porsche more affordable and hassle-free.

It is open to used Porsches as well.

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