OPC discounts - what can I hope for?
Discussion
Chaps,
I've been waiting around for a while, but I fear too many hours have now been wasted on the search.....
I've decided it's time to get back into a Porsche and strike while it's nearly month-end.
Has anybody got any recent OPC discount experiences?
I've been struggling to decide between an early 997 or later 3.4 Boxster S (more recently, a Spyder). The usual debate I suspect, later plate vs an itch that will always need scratching!
As I'm going to be using as a daily driver (with limited garage access) - my conclusion was that although the Spyder's are currently pulling reasonable money, in 12 months time with 10k more miles it will probably cost me around £10k when the inevitable 'fancy something new' comes around.
A 997 however, I'd guess will be more near the £5 mark - with a lesser probability that I'll want to change it.
There are a couple of good offerings at our local opc, one of which I think has been quite a sticky car......planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
I've been waiting around for a while, but I fear too many hours have now been wasted on the search.....
I've decided it's time to get back into a Porsche and strike while it's nearly month-end.
Has anybody got any recent OPC discount experiences?
I've been struggling to decide between an early 997 or later 3.4 Boxster S (more recently, a Spyder). The usual debate I suspect, later plate vs an itch that will always need scratching!
As I'm going to be using as a daily driver (with limited garage access) - my conclusion was that although the Spyder's are currently pulling reasonable money, in 12 months time with 10k more miles it will probably cost me around £10k when the inevitable 'fancy something new' comes around.
A 997 however, I'd guess will be more near the £5 mark - with a lesser probability that I'll want to change it.
There are a couple of good offerings at our local opc, one of which I think has been quite a sticky car......planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
Some Spyders will lose more money than some 997s over the next 12 months. And vice versa.
Get what you like, nobody on here has a crystal ball!
Be under no illusions, the Spyder involves compromise, particularly if you like the outside lane of the motorway - it's noisy with the roof up.
After 12 months you may get an itch to change but I bet not for a 997 carrera.
997 is fabulous car, better all rounder, try both and get what you prefer.
Get what you like, nobody on here has a crystal ball!
Be under no illusions, the Spyder involves compromise, particularly if you like the outside lane of the motorway - it's noisy with the roof up.
After 12 months you may get an itch to change but I bet not for a 997 carrera.
997 is fabulous car, better all rounder, try both and get what you prefer.
Although I think you've no hope of 20% off, I suppose if you start from there you might get thme lower than if you started at, say, 10%.
FWIW I got a 987S this year that was a 6 month demonstrator. They were pricing it 20% less than brand new price (looks good but it was overloaded with kit frankly). I didn't actually get any discount off this but they went about £2k (about 10%) up on the first trade-in price they offered for my car (so ended up giving me more than it was worth) and about 20% down on the APR on the finance (ie about 2%). I assume if I'd had nothing to trade in then I would have had that discount on the new car instead.
Unless you've got your heart on a specific vehicle at an OPC then obviously worth playing 2 OPCs off each other (making sure they're not part of the same group of course!)
Good luck with it.
FWIW I got a 987S this year that was a 6 month demonstrator. They were pricing it 20% less than brand new price (looks good but it was overloaded with kit frankly). I didn't actually get any discount off this but they went about £2k (about 10%) up on the first trade-in price they offered for my car (so ended up giving me more than it was worth) and about 20% down on the APR on the finance (ie about 2%). I assume if I'd had nothing to trade in then I would have had that discount on the new car instead.
Unless you've got your heart on a specific vehicle at an OPC then obviously worth playing 2 OPCs off each other (making sure they're not part of the same group of course!)
Good luck with it.
T2R31 said:
A 997 however, I'd guess will be more near the £5 mark - with a lesser probability that I'll want to change it.
There are a couple of good offerings at our local opc, one of which I think has been quite a sticky car......planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
It'll lose £5k the moment you drive it out the showroom – you won't have to wait until next year.There are a couple of good offerings at our local opc, one of which I think has been quite a sticky car......planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
You discount and re-sale aspirations are rather unrealistic.
T2R31 said:
Has anybody got any recent OPC discount experiences?
[...]
planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
It's always worth a punt, so long as you go in there expecting to either walk away or spend more. Alot more.[...]
planning to offer approx 20% off for cash purchase........too optimistic or worth the punt?
I managed close to 8% within the last year - if you include the non-cash sweetners - for a cash purchase.
The days of "cash is king" are long-gone though (if they ever really existed) and dealers are happier to negotiate if you're willing to take finance because they obviously make money on that too, so don't expect them to bite your hand off just because you're a cash buyer.
Although you haven't mentioned what sort of price band you're looking at, I think you're being very optimistic on your resale values too. Only £5k loss on a 997 over the course of a year, especially the coming year, is... well, "unlikely".
edit:
For reference, the trade-in value for my well-specced 2009 C4S was recently quoted at around £16k less than I paid for it in February this year, and that was for a trade-up to a £90k+ Turbo, with no finance.
Edited by Scelto on Tuesday 29th November 09:01
There is a lightly used Turbo S cab up for sale at OPC Mayfair for £99k, if you class that as a discount (i do) if someone can negotiate 8% off that price they will be laughing!
I would start looking at the old, lightly used 997 cars and negotiate on one of those, loads of lightly used stock out there at the moment just, not brand new cars (I am told).
I think there is more value in a mint, 2005 997 than there is in a 987.
The Spyder is a different proposition imo, it will be quicker for alot of drivers than a 997, it looks exotic, sounds exotic but, you lose the rear seats (obviously).
Some of the Spyders I have seen (like the one that was up at Henrys) also have PCCB's fitted.
If you worry about depreciation or running costs, do not buy a Porsche, getting *out* of one with little loss will be difficult in this financial climate.
I would start looking at the old, lightly used 997 cars and negotiate on one of those, loads of lightly used stock out there at the moment just, not brand new cars (I am told).
I think there is more value in a mint, 2005 997 than there is in a 987.
The Spyder is a different proposition imo, it will be quicker for alot of drivers than a 997, it looks exotic, sounds exotic but, you lose the rear seats (obviously).
Some of the Spyders I have seen (like the one that was up at Henrys) also have PCCB's fitted.
If you worry about depreciation or running costs, do not buy a Porsche, getting *out* of one with little loss will be difficult in this financial climate.
Edited by Carl_Docklands on Tuesday 29th November 13:18
Interesting views chaps...
I'm not too fussed about running costs - it's part of the ownership proposition!
Depreciation we know is a way of life in the retail car world - but adopting a damage limitation strategy isn't always a bad thing!!
My thinking on the annual depreciation cost is simply this:
£30k OPC early 997, bid £26ish.....own for a year, sell on privately with remaining OPC warranty for £20k......at current selling private rates I can't see a good example going for much less than £20.
Re. the Spyder £36 OPC, bid £32ish.....own for a year, use daily and put 10k miles on, sell back to the trade for low £20s.....
Clearly these figures rely on my whimsical discount hopes and future aspirations!
I'm not too fussed about running costs - it's part of the ownership proposition!
Depreciation we know is a way of life in the retail car world - but adopting a damage limitation strategy isn't always a bad thing!!
My thinking on the annual depreciation cost is simply this:
£30k OPC early 997, bid £26ish.....own for a year, sell on privately with remaining OPC warranty for £20k......at current selling private rates I can't see a good example going for much less than £20.
Re. the Spyder £36 OPC, bid £32ish.....own for a year, use daily and put 10k miles on, sell back to the trade for low £20s.....
Clearly these figures rely on my whimsical discount hopes and future aspirations!
There is nothing more frustrating than getting a good car and advertising it at a competitive price, only for someone to get in touch and offer X less than that because they've heard that things aren't selling. 
Good cars marketed well at the correct prices will sell - I can't remember the last time I had to discount a car or take an offer on it (well, to any significance - I did have a PX 2002 Megane convertible recently up at £1490 that I took £1400 for because it was pulling to the left a bit). I would imagine Henry's the same, and has clearly had success selling by his requirement for more stock.
I'm not saying there's not a deal to be had, but usually it's because the car's priced a little over market value, or requires money spending immediately or soon. To avoid getting dealers' backs up (never a good way to get a good deal) compare whatever you're interested in with other similar cars first and go from there. X% off one car may still make it a dear car, whereas another could be better value at the asking price.
Good cars marketed well at the correct prices will sell - I can't remember the last time I had to discount a car or take an offer on it (well, to any significance - I did have a PX 2002 Megane convertible recently up at £1490 that I took £1400 for because it was pulling to the left a bit). I would imagine Henry's the same, and has clearly had success selling by his requirement for more stock.
I'm not saying there's not a deal to be had, but usually it's because the car's priced a little over market value, or requires money spending immediately or soon. To avoid getting dealers' backs up (never a good way to get a good deal) compare whatever you're interested in with other similar cars first and go from there. X% off one car may still make it a dear car, whereas another could be better value at the asking price.
I traded my Cayman S to an OPC. The chap who bought it from them tracked me down and we had a few chats about the car. He got ~15% off the sticker price. That was between end Dec and first few days of Jan and was agreed as being with their finance, but in the end was with a bank's finance. I think he ground them down and pissed them off!
Absolutely agree....OPCs do seem to price quite away from FMV though, and if they're away from sales targets at month-end my thinking is that 'maybe' there could be some room for manoeuvre, especially if the dealership is part of a larger group.
Overheads, the dreaded and shock horror, some profitability should be all part of the pricing equation too of course!
I'm pricing an 05 C2S with sub 50k miles at around £25k (not sure what the current trade is)......so an OPC at £32k is should!! harvest a fair margin!
I'll just put the blindfold on!
Overheads, the dreaded and shock horror, some profitability should be all part of the pricing equation too of course!
I'm pricing an 05 C2S with sub 50k miles at around £25k (not sure what the current trade is)......so an OPC at £32k is should!! harvest a fair margin!
I'll just put the blindfold on!
T2R31 said:
Interesting views chaps...
Re. the Spyder £36 OPC, bid £32ish...
... Clearly these figures rely on my whimsical discount hopes and future aspirations!
I think you'd be lucky. If anything, Spyder prices seem to have firmed up - they stopped making them in July, and there are fewer on sale now than there have ever been advertised before.Re. the Spyder £36 OPC, bid £32ish...
... Clearly these figures rely on my whimsical discount hopes and future aspirations!
There are 11 on the Porsche website at OPCs, the cheapest nationally is in Aberdeen, has Sport Design alloys, it is 18 months old the day after tomorrow and £37k. There are only 3 others on Pistonheads not at OPCs and all are dearer.
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