Good news for those whose sights are set on a new Porsche. Official distributor Sime Darby Auto Performance (SDAP) has introduced a new financing programme that makes it easier to have a new Porsche in your porch. Porsche 360 Financing, as it’s called, gives one the chance to drive away a Porsche from just RM6,000 per month.

SDAP describes Porsche 360 Financing as “an intelligent alternative to conventional financing by promising lower monthly payments and flexible terms for better cash flow management.” Within the third to fifth year prior to the end of the financing programme, owners can trade-in their vehicle for a new Porsche, or refinance the loan amount.

“Porsche owners can now experience a new Porsche model every three to five years without worrying about their financing commitment or the resale value of their vehicle. To drive a Porsche and upgrade to the newest model on a regular basis? It does not get much better than that!” said Arnt Bayer, CEO of SDAP.

“We believe the lower monthly payments are really attractive for our customers. They can now finance a new Macan with a 90% loan margin for five years and only pay around RM6,000 in monthly instalments,” he added.

How it works isn’t too different from similar schemes already in the premium market. The customer chooses his/her financing period of three, four or five years, which establishes the assured resale value of the chosen car.

At the end of the agreed tenure, the customer will have three options. The first is to trade in the car at an authorised Porsche Pre-Owned Centre at the assured resale value. The programme is structured in such a way that the remaining loan amount is generally lower than the assured RV. Consequently, the owner would then receive a balance payment that can go towards the downpayment for a new Porsche.

Click to enlarge

The second option, available from the third year onwards, is to extend the financing or to terminate it by settling the outstanding amount in full. The third option is to return the Porsche without any additional commitments, except for any potential excess mileage charges and the vehicle being subject to fair wear and tear.

In order to uphold the assured RV, those who buy into the programme are required to service and maintain the vehicle at an official Porsche service centre. That’s not an issue when all cars sold by SDAP come with a four-year warranty and four-year free maintenance package including service, parts and labour charges. The warranty can be extended up to nine years, at a fee.

Before you start dreaming of the new Porsche 911 GT3 that was launched earlier today, Porsche 360 Financing is not applicable to GT and limited edition models.