Porsche UK pricing question

[pheonix478]

Does anyone know when Porsche UK usually change their prices or is it random? I'm assuming with the rise in eurgbp this year and prices generally we could expect quite a jump across the board so was thinking about getting an order in before year end. Any thoughts?

[GRD_72]

Once a year generally, spring time I think when the next MY car goes into the confirmator? Oh and also every time the UK government f*cks up so badly the arse falls out of the pound.

[Cheib]

Yes it’s normally around May I think. From what I was told a few years ago you are subject/at risk of a price rise until the car has left the factory gates. Obviously you can turn a car down/do a deal with the OPC if you it does come through but that’s the official cut off/deposit etc doesn’t influence it.

[pheonix478]

Thanks both.

Cheib said:

...From what I was told a few years ago you are subject/at risk of a price rise until the car has left the factory gates...

Really? I thought I was told when I bought the last one or maybe I assumed once I put the order in and deposit down the price was locked in? Not so? Given the lead time on some cars and inflation environment at the moment that could be a substantial price difference.

[EC2]

GRD_72 said:

Once a year generally, spring time I think when the next MY car goes into the confirmator? Oh and also every time the UK government f*cks up so badly the arse falls out of the pound.

It's a smokescreen that the media offers. The last year is all about dollar strength against all major currencies not sterling weakness. Sterling/Euro is hardly unchanged over the last year or indeed the last five years. However, with the dollar being up nearly 20% against the euro over the last year it is far more profitable for Porsche to send cars to the US where it can.

[WG]

pheonix478 said:

Really? I thought I was told when I bought the last one or maybe I assumed once I put the order in and deposit down the price was locked in? Not so? Given the lead time on some cars and inflation environment at the moment that could be a substantial price difference.

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

[pheonix478]

EC2 said:

It's a smokescreen that the media offers. The last year is all about dollar strength against all major currencies not sterling weakness. Sterling/Euro is hardly unchanged over the last year or indeed the last five years. However, with the dollar being up nearly 20% against the euro over the last year it is far more profitable for Porsche to send cars to the US where it can.

EURGBP up 4% this year (0.8350-0.87ish), normally wouldn't expect it to make a huge difference but this year put that on top of German inflation running at 10% and my concern is pricing in GBP could be in for some big % hikes. For quite a few years UK-ex VAT prices $ for $ have been the cheapest you can buy Porsche anywhere including Germany and US. I don't mind waiting 18m due to $ mkts allegedly being given delivery priority but it's pointless if Porsche hike the price significantly...

[pheonix478]

WG said:

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

Fair point. I wonder if I can lock the spec and pay the 10% deposit right away?

[Cheib]

pheonix478 said:

WG said:

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

Fair point. I wonder if I can lock the spec and pay the 10% deposit right away?

I don't think that's right that paying a 10$ deposit and locking spec guarantees the price. I might be wrong but that is not what my OPC told me. It also doesn't make sense from a manufacturing perspective....why would you lock in a price say six months in advance when you know in three months time there will be your normal annual price rise.

Obviously this may all change when Porsche can't sell every car they can make.

[Charlie_1]

pheonix478 said:

WG said:

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

Fair point. I wonder if I can lock the spec and pay the 10% deposit right away?

Another fly in the ointment would be the availability of options there was a thing recently where quite a few people were told that they weren't getting the LED headlights they had spec'd and I think there was a similar issue with the BOSE upgrade so I doubt they will let you 'lock it' until they know they can actually build it

[sw67]

I waited over 12 months for an allocation on a Cayman before giving up and going used when a car with my spec arrived at my local dealer. I ordered September 2021 and was protected from the price increase in December as long as i didn't change the spec. I had this in writing but lost the price protection when MY22 arrived in the summer followed by another increase in July.

In total the price went up £2500 in the 12 months i was waiting and i am sure it would have went up again before delivery - its why i went used.

[EC2]

pheonix478 said:

EC2 said:

It's a smokescreen that the media offers. The last year is all about dollar strength against all major currencies not sterling weakness. Sterling/Euro is hardly unchanged over the last year or indeed the last five years. However, with the dollar being up nearly 20% against the euro over the last year it is far more profitable for Porsche to send cars to the US where it can.

EURGBP up 4% this year (0.8350-0.87ish), normally wouldn't expect it to make a huge difference but this year put that on top of German inflation running at 10% and my concern is pricing in GBP could be in for some big % hikes. For quite a few years UK-ex VAT prices $ for $ have been the cheapest you can buy Porsche anywhere including Germany and US. I don't mind waiting 18m due to $ mkts allegedly being given delivery priority but it's pointless if Porsche hike the price significantly...

I suspect all local currency prices will rise appreciably especially post the Porsche IPO. I was waiting for a base 911 but 15 months in with no news on timing means I have lost interest. The regular cars are interesting but not that convincing in a fast changing world, automotive tech and otherwise. Maybe the .2 will make things more compelling.

[Richard718]

Despite the government, it must be said sterling is exactly where it was before the EU referendum. There will always be fluctuations. The bad fall is GBP/USD and even worse, EUR/USD. The euro is below a dollar.

[Darlo74]

Cheib said:

pheonix478 said:

WG said:

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

Fair point. I wonder if I can lock the spec and pay the 10% deposit right away?

I don't think that's right that paying a 10$ deposit and locking spec guarantees the price. I might be wrong but that is not what my OPC told me. It also doesn't make sense from a manufacturing perspective....why would you lock in a price say six months in advance when you know in three months time there will be your normal annual price rise.

Obviously this may all change when Porsche can't sell every car they can make.

I thought price was locked in when spec was confirmed. That's what I was told - don't have it in writing though, so will be sending an email to my dealer now! I also haven't been asked to up my deposit from what I put down when I placed the order, is 10% usual for UK? I confirmed my spec in July for a Dec delivery (now looking like Jan)

[mabosh]

Darlo74 said:

Cheib said:

pheonix478 said:

WG said:

That is wishful thinking I’m afraid. As far as I am aware, the price is not locked until you have locked down the spec and paid the 10% deposit - not the initial deposit to secure a build slot. Given the current lead times on most Porsche models, can you imagine any dealer guaranteeing a price for a car to be delivered in 18 months or more ? That way lies a road to ruin !

Fair point. I wonder if I can lock the spec and pay the 10% deposit right away?

I don't think that's right that paying a 10$ deposit and locking spec guarantees the price. I might be wrong but that is not what my OPC told me. It also doesn't make sense from a manufacturing perspective....why would you lock in a price say six months in advance when you know in three months time there will be your normal annual price rise.

Obviously this may all change when Porsche can't sell every car they can make.

I thought price was locked in when spec was confirmed. That's what I was told - don't have it in writing though, so will be sending an email to my dealer now! I also haven't been asked to up my deposit from what I put down when I placed the order, is 10% usual for UK? I confirmed my spec in July for a Dec delivery (now looking like Jan)

We got our Cayman GTS allocation through early November last year. There was a price rise about 10 days later but it didn't apply to us and I was still able to change our spec up to the lock date in early December.

We've bought two new Caymans and were not asked to up the deposit to 10% at any point, just the £3k initial deposit at the point of order.

[WG]

mabosh said:

We got our Cayman GTS allocation through early November last year. There was a price rise about 10 days later but it didn't apply to us and I was still able to change our spec up to the lock date in early December.

We've bought two new Caymans and were not asked to up the deposit to 10% at any point, just the £3k initial deposit at the point of order.

OPC policy obviously varies. I have bought 7 new Porsche from the same dealer and in every case had to pay a “stage2” deposit making up 10% of the total cost.

[Charlie_1]

Have bought 3 BGTS from same OPC in 2015,2018,2021. first 2 3k deposit nothing more till collection 3rd one 5k deposit even though paperwork said 3k , then 10% on lockdown

[kmpowell]

Price rises are annual, but we’ve seen plenty of random price rises due to inflation and currency exchange rates.

The bottom line is the final price you pay will come down to signed order MY v allocation/build MY, not the date of spec lock etc.

- If a signed order was a MY22, but allocation/build was given as MY23 (after the summer shutdown), then you are subject to the first MY23 price (but not subsequent price rises in the model yea whilst you wait).
- If a signed order was MY22 and the allocation/build is also MY22, then you aren't subject to any MY22 price rises from the point of your first signed order form.

For finance, you are only subject to any rate rises if you have not done a full proposal/qualification/credit-check with your dealer.

I ordered my GT4 in Aug 21 (MY22), allocation was given for Jan (MY22), build was delayed for 3mths but still stayed in MY22. In the 11 months between me ordering and collecting there were 3x price increases and 3x interest rate rises. My dealer gave me the original price I ordered at back in August 2021 saving me £4500 in price rises, and also the original finance quote of 5.9% which I applied for at the time.

So I’m short, they won't/don't honour original order prices if you cross MY builds.

HTH

Edited by kmpowell on Wednesday 19th October 19:15

[SuperPav]

Prices are "locked" when your order gets assigned to a production quota slot at the price valid at the time of conversion to the build slot.
Anything until that point is an informal deposit/interest with the dealer, with no guarantee of a car.


Generally, price adjustments are only once a year for model year changes (communication around end of March - end of April, model depending), or when a new/facelift model announced.

However, with the current global supply and economic stshow, as we've seen across several manufacturers, there have been also two extraordinary price adjustments this year and last. Some customers with these would have been protected, if they eventually got a build slot within the same model year as when they placed the order.

So the next planned price change will be during the 2024 model year, (maybe March-April 2023). That's not to say there won't be a separate extraordinary price adjustment at some random point until then.

[kmpowell]

SuperPav said:

Prices are "locked" when your order gets assigned to a production quota slot at the price valid at the time of conversion to the build slot.
Anything until that point is an informal deposit/interest with the dealer, with no guarantee of a car.

That wasn’t my experience. See post above. A signed order form with deposit secures that price in a specific MY. The price only changes if the build allocation given moves into a new MY.