New 981 Boxster 2.7 PDK - Buy with a loan or PCP?

[bozzy101]

Boo152 said:

bozzy101 said:

Working at a dealership, I would always suggest a low deposit when financing with PCP.

Is that because a lower deposit means a higher loan = more profit for the dealer and more commision for the salesman?

No, see below.

Edited by bozzy101 on Sunday 30th June 15:13

[bozzy101]

PowerMalc said:

bozzy101 said:

Working at a dealership, I would always suggest a low deposit when financing with PCP.

Can I ask why?
Surely increasing the deposit lowers the monthly and the amount of interest you pay over the 3 years
Deposit plus the total of 35 payments will be roughly the same regardless of the split

Of course.

It makes it difficult to re-deal in 3 years time. For example, if a customer like the OP puts in £10k deposit, they may only be left with £2k equity (or often less) in 3 years time. Suddenly the payment on their renewal skyrockets to an amount they can't afford (as their deposit is now £8k less).

If somebody wants to put in a large deposit on the grounds of saving interest, I'd usually suggest HP.

[Zyp]

Can you not put in another deposit when you come to re-deal, thus keeping the payments the same or lower?

[bozzy101]

Zyp said:

Can you not put in another deposit when you come to re-deal, thus keeping the payments the same or lower?

You can, but a lot of people I deal with haven't got another deposit 3 years down the line. Of course, this may not be true for the OP. Having said that, it should always be a consideration as circumstances can change.

[Frimley111R]

Thread resurrection! I am just looking for a 981 for Mrs 111R, used, auto, not much else specifically required, on a PCP. Where do I start??

[DJMC]

Frimley111R said:

Thread resurrection! I am just looking for a 981 for Mrs 111R, used, auto, not much else specifically required, on a PCP. Where do I start??

...at the beginning of this thread?

[Frimley111R]

I did but its 3 years old.

[Malo]

Try PH ads Autotrader or Porsche .co.uk