992 Question - Sorry, really boring Finance one

992 Question - Sorry, really boring Finance one

Author
Discussion

trowelhead

1,867 posts

120 months

Tuesday 5th March 2019
quotequote all
dgswk said:
trowelhead said:
Clydesdale also very good speak to ryan dobson

They will do around 4.2/4.3% apr similar to lombard

Bear in mind - the deals from lombard / clydesdale are Hire Purchase with balloon. So the balloon / final value is not guaranteed.

With Porsche i'm assuming its a PCP and thus has a guaranteed final value (at which point you can hand the car back and walk away) whereas that is not the case with HP with balloon deals.
Yes, spoke to them today, got a sub £900 monthly, but balloon not guaranteed. Happy with £56k, should be able to move on for that in 4 years via private sale to a specialist easily, given 4yo 991 C2S’s seem to retail for £60k+ Waiiting on Lombard to come back.
Nice one, good luck. Used them for a number of cars they are good to deal with

They may be able to offer slightly higher balloon if you push for it but of course the risk ultimately falls with you at the end of the term

prismv

155 posts

89 months

Sunday 4th August 2019
quotequote all
str4nger said:
HI Guys


Its not through JBR, its a regulated deal so the interest is not front loaded.

If anyone wants the contact dm me and ill send it over.

Stranger who’s your contact please
Can you DM me?

Welshbeef

49,633 posts

197 months

Sunday 4th August 2019
quotequote all
Cimaguy said:
£900 a month. I don't know if I'm tight or that is a lot for a car on a monthly basis.

How much should folks spend as a percentage of their net salaries?
Clearly that’s different for each and every person unless you had identical age lifestyle mortality job role etc inheritance or not etc.

johnny senna

4,046 posts

271 months

Monday 12th August 2019
quotequote all
Hi Everyone,

I am having trouble speaking to right person at Clydesdale about getting a finance agreement on a 992S. I called a number on their website which just got me through to a call centre. They had not heard of Ryan Dobson and one person I spoke to in a loans department said they didn't do HP with ballon, just normal car loans which doesn't make sense.
Does anyone have contact details for Ryan Dobson please? (perhaps dgswk or trowelhead?).

I have also left a message for Lombard to ring me back. Does anyone have a contact at Lombard I can speak to, perhaps a phone number?

Thank you,
John

moonigan

2,127 posts

240 months

Monday 12th August 2019
quotequote all
johnny senna said:
Hi Everyone,

I am having trouble speaking to right person at Clydesdale about getting a finance agreement on a 992S. I called a number on their website which just got me through to a call centre. They had not heard of Ryan Dobson and one person I spoke to in a loans department said they didn't do HP with ballon, just normal car loans which doesn't make sense.
Does anyone have contact details for Ryan Dobson please? (perhaps dgswk or trowelhead?).

I have also left a message for Lombard to ring me back. Does anyone have a contact at Lombard I can speak to, perhaps a phone number?

Thank you,
John
Its not listed on the consumer part of the website but under Asset Finance on the business side.

Ryan Dobson
Senior Business Adviser
T 0113 807 9071 / 0800 141 2231
F 0800 085 0667


johnny senna

4,046 posts

271 months

Monday 12th August 2019
quotequote all
moonigan said:
Its not listed on the consumer part of the website but under Asset Finance on the business side.

Ryan Dobson
Senior Business Adviser
T 0113 807 9071 / 0800 141 2231
F 0800 085 0667
That is very helpful, thank you.

johnny senna

4,046 posts

271 months

Tuesday 13th August 2019
quotequote all
Just wanted to say thank you to dgswk and trowelhead for their helpful emails re: Clydesdale finance. I've been talking on the phone with Ryan at Clydesdale and he can do 4.4%. Just need to make sure there is no hard Brexit 10% import levy post 31/10/19 before pressing the button on my order. Lock down date isn't till mid November so I'll see what the state of play is then.

dgswk

Original Poster:

889 posts

93 months

Tuesday 13th August 2019
quotequote all
johnny senna said:
Just wanted to say thank you to dgswk and trowelhead for their helpful emails re: Clydesdale finance. I've been talking on the phone with Ryan at Clydesdale and he can do 4.4%. Just need to make sure there is no hard Brexit 10% import levy post 31/10/19 before pressing the button on my order. Lock down date isn't till mid November so I'll see what the state of play is then.
Pleasure mate, enjoy smile

(I did the same re: Brexit a few months back before locking down. Brexit is rubbish for Porsche buying!)

Simon-Blue

19 posts

59 months

Wednesday 14th August 2019
quotequote all
Hi Guys,

I too have been speaking to Ryan @ Clydessdale, seems a really good guy and flexible plans which is brilliant. We havent locked down as yet, will be December - does anyone have a clue when Porsche will pass on the 10% if there is a No-Deal, I cant seem to find anything concrete (a bit like Brexit I suppose).

Could they add the 10% to anyone who has order placed, or just new orders from a certain date? If new orders only, then well and good.

Dammit

3,790 posts

207 months

Wednesday 14th August 2019
quotequote all
It's a tariff on all cars, so I would imagine that it'll be passed on if the car is delivered when the tariff is operational.

For e.g. if we crash out on the 31st then any car delivered from the 1st of November onward will have the additional cost.

When the GE data is announced we'll get more clarity- I imagine we'll get a third extension to deal with that, likely to March 29th 2020.


Simon-Blue

19 posts

59 months

Wednesday 14th August 2019
quotequote all
yeah, thinking that. When date was 31st March past, any orders up until mid-Jan 2018 would be honoured without the 10%. Not sure how a buisness can operate with that risk - a lot of buyers in-flight could walk away.

Just need to keep an eye on things, if its March - make sure and get the car before that date, savingv £10k+

johnny senna

4,046 posts

271 months

Wednesday 14th August 2019
quotequote all
My understanding is that the last time we faced Brexit ie 31/3/19, Porsche dealers were happy to underwrite the risk to customers of the 10% import levy. But they have since withdrawn this and will no longer underwrite the risk. My reading of that is that Porsche see the risk of a 10% levy actually happening (due to hard Brexit) as being significantly higher than earlier this year. They must think Boris is serious about a hard Brexit.
In other words if you lock down your order for a Porsche prior to 31/10/19 and take delivery after that date with a hard Brexit having happened then you will be liable to pay the 10% increase in price on taking delivery even though that wasn’t the price the customer originally signed up to.
This is certainly my local JCT dealer’s position and also the next nearest JCT dealer’s as well.
This is why I won’t be locking down my own order till November. If the price of a new car has gone up 10% by then I will obviously reconsider my order.

Dammit

3,790 posts

207 months

Wednesday 14th August 2019
quotequote all
I would imagine that Porsche is also considering the FX issue - the pound continues to sink, and if we crash out will likely plummet.

They'll have zero appetite to swallow the 10% tariff if they have to honour a price in £ that has very little if any profit left in it due to currency devaluation.

johnny senna

4,046 posts

271 months

Wednesday 14th August 2019
quotequote all
Dammit said:
I would imagine that Porsche is also considering the FX issue - the pound continues to sink, and if we crash out will likely plummet.

They'll have zero appetite to swallow the 10% tariff if they have to honour a price in £ that has very little if any profit left in it due to currency devaluation.
All true but it might depend how far into the future Porsche have hedged against FX fluctuations.
I don’t think Porsche can afford to be too rash with price rises in the UK. We are a huge market for them.

Dammit

3,790 posts

207 months

Wednesday 14th August 2019
quotequote all
True - the only certainty is the uncertainty, anyone who says they know what is going to happen is guessing.


Taffy66

5,964 posts

101 months

Wednesday 14th August 2019
quotequote all
The 10% tariff(IF the worst happens) is only applied to what the UK importer pays and exclusive of VAT..This will translate to only about 5-6% extra cost to the end customer.

Dammit

3,790 posts

207 months

Wednesday 14th August 2019
quotequote all
But they'll be paying a bill that is in Euro - and the GBP will likely be worth significantly less then than now.


Taffy66

5,964 posts

101 months

Wednesday 14th August 2019
quotequote all
Dammit said:
But they'll be paying a bill that is in Euro - and the GBP will likely be worth significantly less then than now.
You sound like a very pessimistic person...Whatever happens on Oct 31st i can assure you the world will not end as a result..I always look on the bright side of life.thumbup

Dammit

3,790 posts

207 months

Wednesday 14th August 2019
quotequote all
I think I’m being quite optimistic- a pessimistic view would be that with the 80% reduction in imports we face in a crash out there’s no hope of importing something so unimportant as cars when we have food riots in every major city.

anonymous-user

53 months

Wednesday 14th August 2019
quotequote all
Dammit said:
I think I’m being quite optimistic- a pessimistic view would be that with the 80% reduction in imports we face in a crash out there’s no hope of importing something so unimportant as cars when we have food riots in every major city.
Dammit are you Mark Carney ?