Porsche new car finance
Discussion
They wouldn’t budge half an inch for me...... seemed utter madness as I would have used them with a better rate.
I ended up on the high street at sub 3% - but you won’t get a ballon style arrangement at those rates, just a straigh loan.
Literally 10 years ago I bought a 997 C2S with Porsche finance and they simply matched rates back then but not anymore seemingly?
I ended up on the high street at sub 3% - but you won’t get a ballon style arrangement at those rates, just a straigh loan.
Literally 10 years ago I bought a 997 C2S with Porsche finance and they simply matched rates back then but not anymore seemingly?
OPOGTS said:
They wouldn’t budge half an inch for me...... seemed utter madness as I would have used them with a better rate.
I ended up on the high street at sub 3% - but you won’t get a ballon style arrangement at those rates, just a straigh loan.
Literally 10 years ago I bought a 997 C2S with Porsche finance and they simply matched rates back then but not anymore seemingly?
85% buyers can not afford a out right loan, hence the pcp boom and rates.I ended up on the high street at sub 3% - but you won’t get a ballon style arrangement at those rates, just a straigh loan.
Literally 10 years ago I bought a 997 C2S with Porsche finance and they simply matched rates back then but not anymore seemingly?
Yes you can get better deals through Porsche. However, it depends on how helpful your dealer is.
When I went to Solihull incredibly unhelpful, and the apr, was the apr. Although I could get a considerably better deal through Magnitude Finance. Yet when I went to Wolves, they appraised the MF deal, and actually went on to better the Magnitude offer, and better terms.
This was 12months ago mind, but worth seeing what personal finance car lenders are offering (not the banks), as in most cases Magnitude (part of DSG Group) are the lenders behind the Porsche dealers. So for example Stratsone have up to 5 lenders they use. Hence different dealers networks can have different offers, yet most will say they are restricted to the Porsche UK finance terms - as said above, but I know that not to be true. It’s dealer hype! They can offer better deals, it’s just finding a dealer who’ll but helpful enough. Worth talking to Magnitude or someone like this to give you a true benchmark.
When I went to Solihull incredibly unhelpful, and the apr, was the apr. Although I could get a considerably better deal through Magnitude Finance. Yet when I went to Wolves, they appraised the MF deal, and actually went on to better the Magnitude offer, and better terms.
This was 12months ago mind, but worth seeing what personal finance car lenders are offering (not the banks), as in most cases Magnitude (part of DSG Group) are the lenders behind the Porsche dealers. So for example Stratsone have up to 5 lenders they use. Hence different dealers networks can have different offers, yet most will say they are restricted to the Porsche UK finance terms - as said above, but I know that not to be true. It’s dealer hype! They can offer better deals, it’s just finding a dealer who’ll but helpful enough. Worth talking to Magnitude or someone like this to give you a true benchmark.
I was offered 6.1% APR just before Xmas on a 718 Cayman. As I found out different Porsche dealers are limited as to what they can offer %APR wise depending on their status with Porsche. All dealers are not equal !
I took the Porsche finance as it sweetened the deal but after the 1st payment will be re financing at a much lower 4.1% APR rate.
I took the Porsche finance as it sweetened the deal but after the 1st payment will be re financing at a much lower 4.1% APR rate.
Porsche911R said:
tidfrance said:
Thanks very much.
Will do.
post back as I will be shocked if a finance company will beat 6.9%Will do.
Edited by JayK12 on Tuesday 22 January 14:40
I made some enquiries yesterday about a 8 month old ex demo PTS 718 with really high spec and was quoted a +9% which is insane. If this is a sign of things to come then I'll not be financing a car through the dealer network any time soon. I cant believe people are signing up to these rates.
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