Buying a 981 Cayman/Boxster from an OPC

[wuzznbuddy]

Hi

I've decided to buy a Cayman or Boxster, from an OPC. I drove a used 2.7 Cayman at an OPC the other day, and then talked through some numbers. I was happy with the car (altho it wasn't the exact spec I'd ideally want), but less happy with the deal being offered.

I'm buying on a PCP or HP with balloon (I know there are some who will want to lecture me on the folly of this, but I'm comfortable with buying a car in this way, and its my money to piss away etc....). I have no p/ex - I'm paying a cash deposit.

I wanted to ask what other's experiences are with the flexibility on price and APR? They reduced the car by about 4% (£1,500) after I baulked at the first set of figures, but the APR remains pretty high at 9.5%ish. At those levels, its very little more to order a new car (although that does involve a five month wait I'm told, and there is no flexibility in the price).

I don't want to agree a deal and then later find out I could have done much better. So I'm keen to know whether the APR can be pushed significantly lower, if the discount offered is about the maximum I can expect, and if there really is no scope for a discount on a new car?

Sorry to register and ask loads of questions. It would be great help if anyone is able to relay their experiences, and will contribute once I get the car!

Thanks in advance.

[mr pg]

We placed a deposit on a 2 year old 981 Cayman S last Friday at an OPC. Was quoted 8.8% on £10k HP, but declined as can get half that elsewhere. We are paying in full ourselves instead (having sold our 996T).

[PowerMalc]

There are much better rates on personal loans via banks typically 3.8%
Discounts are available on new Boxsters. Past buyers have said 7 to 8%. I managed 10% in Sept 13.
These discounts are normally dependent on you taking Porsche/VW finance, nothing to stop you switching it once you have the car.
You will have to shop around several OPC's

[gl20]

PowerMalc said:

There are much better rates on personal loans via banks typically 3.8%
Discounts are available on new Boxsters. Past buyers have said 7 to 8%. I managed 10% in Sept 13.
These discounts are normally dependent on you taking Porsche/VW finance, nothing to stop you switching it once you have the car.
You will have to shop around several OPC's

This re. Other finance options. If you are feeling lazy, just mention you are considering other finance and I'd expect they'll magically realise there was room to reduce their APR after all, if not as low as 3.8

[gd]

They will move on the APR. Push back and tell them that you can get much better finance, you would be happy to use their finance if they can be reasonable, but you can get it a lot lower.

I'd expect they can get down to 5.x% easily enough. Last time I did this but still went with the bank as it gave me more flexibility, but I was surprised how easy it was to push them down after their first proposed number was supposed to be the best they could do

[thegoose]

I'm not contradicting the advice above but do be aware that it's unlikely anyone else will offer a balloon as high as Porsche. Whether that matters depends on your monthly budget (the higher the balloon, the lower the payments).

[Shiverman]

I Think around 7-7.5% is the figure I was offered on a 911 recently. I did negotiate this down quite easily, although at the last minute I changed my mind as my bank was offering 3.3% so went with that option instead.

There are a few good 2.7's out there so if the dealer won't play ball I wouldn't to use to search. A lot of the good independent offer this type of financing wth balloon payments as well so I don't think you have to go OPC route although it has other benefits (ie. Porsche warranty).

[bcr5784]

Shiverman said:

I Think around 7-7.5% is the figure I was offered on a 911 recently. I did negotiate this down quite easily, although at the last minute I changed my mind as my bank was offering 3.3% so went with that option instead.

There are a few good 2.7's out there so if the dealer won't play ball I wouldn't to use to search. A lot of the good independent offer this type of financing wth balloon payments as well so I don't think you have to go OPC route although it has other benefits (ie. Porsche warranty).

Someone else on the forum posted that there might be a discount if you take Porsche
finance - but you don't have to stay with them for even a month and can transfer the finance elsewhere then...

[Carbon80]

Some of the apr's mentioned here are nuts. I have just done deal on brand new boxter GTS and lowest I could get was 5.4% from Lombard!!