Interest on £10,000 deposit!!
Discussion
Grant3 said:
Silly question, but did anyone get interest back on their £10k deposit when they collected their Turbo/GT3?
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Yes. I got interest, a bottle of bubbley, flowers for the girlfriend and a letter of apology for the delays on GT3 delivery. Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Pugsey said:
Grant3 said:
Silly question, but did anyone get interest back on their £10k deposit when they collected their Turbo/GT3?
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Yes. I got interest, a bottle of bubbley, flowers for the girlfriend and a letter of apology for the delays on GT3 delivery. Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Are you Flemke?
Vesuvius 996 said:
Pugsey said:
Grant3 said:
Silly question, but did anyone get interest back on their £10k deposit when they collected their Turbo/GT3?
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Yes. I got interest, a bottle of bubbley, flowers for the girlfriend and a letter of apology for the delays on GT3 delivery. Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Are you Flemke?
Pugsey - Son of Flemke
we salute you Vesuvius 996 said:
Pugsey said:
Grant3 said:
Silly question, but did anyone get interest back on their £10k deposit when they collected their Turbo/GT3?
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Yes. I got interest, a bottle of bubbley, flowers for the girlfriend and a letter of apology for the delays on GT3 delivery. Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Are you Flemke?
I'm so sorry. Edited by Pugsey on Thursday 1st February 11:00
Edited by Pugsey on Thursday 1st February 11:01
Edited by Pugsey on Thursday 1st February 11:02
Vesuvius 996 said:
Wikipedia says... I'm "as tight as a gnat's chuff" Mmmm probably about right
Pugsey said:
Sadly that's a compliment I can't accept! I lie a lot too, there were no flowers ..........................................................................................................................or bubbley, or interest, or letter! I just didn't want Grant to feel he was totally alone in whatever strange little world he was inhabiting when he wrote his original post
I'm so sorry.Looks like I may have last laugh on this one then
Edited by Grant3 on Thursday 1st February 12:55
Grant3 said:
Silly question, but did anyone get interest back on their £10k deposit when they collected their Turbo/GT3?
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Being naturally frugal(ahem,coughs lightly!) I like to cover all the angles where possible!
Grant - I also tried this angle. My "lost interest" equates to £416 (£10,000 x 5% x 10/12) as they will have had my money for 10 months.
The response I got was something like.... and?....your point is?....what do you expect us to do?....you've just been f***ed etc etc.
I cant complain though as they've thrown in some FREE MATS WORTH £72 (but which probably cost them about £30).
Pugsey said:
Sadly that's a compliment I can't accept! I lie a lot too, there were no flowers ..........................................................................................................................or bubbley, or interest, or letter! I just didn't want Grant to feel he was totally alone in whatever strange little world he was inhabiting when he wrote his original post I'm so sorry.
I'm so sorry.and there i was thinking you had discovered the true source of alchemy.
nope not turning water into wine, iron into gold, (its "green m'lord)but managing to get cash back from an OPC after you had handed it over.
997gt3 said:
The response I got was something like.... and?....your point is?....what do you expect us to do?....you've just been f***ed etc etc.
I cant complain though as they've thrown in some FREE MATS WORTH £72 (but which probably cost them about £30).
Good chap, a man after my own heart, us "tighter than a gnats chuff" types should stick together.....
Some people seem to think it makes you seem "cash strapped" if you dare ask for discount or throw ins at an OPC, sod that I say, get asking, that folding stuff is hard earnt!
Ps well done on the mats, that is one for the good guys.
Edited by Grant3 on Thursday 1st February 14:05
You should probably use an after tax rate, so say 3.0% and because of compounding the 'correct' calculation would be £10k * ((1.03)^(10/12)-1) which works out at £250.
In effect though the placement of the deposit is a bit like buying a call option - by placing the deposit, you have the right but not the obligation, to enter into an agreement to purchase the GT3 on advantageous terms (i.e. at list price, but at the front of the queue).
The lost interest can therefore be thought of as representing the option premium - to see whether the £250 represents good value, you'd probably need to use an adjusted Black-Scholes method, but that's probably getting a bit silly..............
sidicks
In effect though the placement of the deposit is a bit like buying a call option - by placing the deposit, you have the right but not the obligation, to enter into an agreement to purchase the GT3 on advantageous terms (i.e. at list price, but at the front of the queue).
The lost interest can therefore be thought of as representing the option premium - to see whether the £250 represents good value, you'd probably need to use an adjusted Black-Scholes method, but that's probably getting a bit silly..............
sidicks
Grant3 said:
997gt3 said:
The response I got was something like.... and?....your point is?....what do you expect us to do?....you've just been f***ed etc etc.
I cant complain though as they've thrown in some FREE MATS WORTH £72 (but which probably cost them about £30).
Good chap, a man after my own heart, us "tighter than a gnats chuff" types should stick together.....
Some people seem to think it makes you seem "cash strapped" if you dare ask for discount or throw ins at an OPC, sod that I say, get asking, that folding stuff is hard earnt!
Ps well done on the mats, that is one for the good guys.
Edited by Grant3 on Thursday 1st February 14:05
Edited by Pugsey on Thursday 1st February 14:11
911wise said:
I wouldn't worry too much on the amount of interest lost, its insignificant compared to the depreciation you lose as soon as you drive out the showroom.
Ah yes but in the words of the Tesco advert..."Every little helps"!!!!
anyway don't start talking about pigging depreciation please loosing the £250 interest is bad enough!!!!
I have nothing but admiration for both of you. I just feel that you appear to have a somewhat tenuous grip on the realities of dealing with Porsche! Incidentally my OPC has bunged mats in free with every car I've had from them. I thought that was normal?
Free mats are only for 'returning customers', as we are so highly valuued!
Free mats are only for 'returning customers', as we are so highly valuued!
Edited by TheDeadPrussian on Thursday 1st February 14:17
Grant3 said:
Some people seem to think it makes you seem "cash strapped" if you dare ask for discount or throw ins at an OPC, sod that I say, get asking, that folding stuff is hard earnt!
Absolutely!!!
I'm going to have a big arm wrestle with OPC Reading (aka the Mothership) when they finally get my car in. What's on the wish list then?
Mats
Flowers for other half
Bubbly (preferrably vintage)
Porsche stuff for the kids
Porsche model for me (got one already but I'll have another if they're free)
Car cleaning stuff
Mobil 1
That should do it!
Gassing Station | Porsche General | Top of Page | What's New | My Stuff