992 Question - Sorry, really boring Finance one

[Welshbeef]

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.

If you feel that way do you think spending £100k here and now which will carry that risk over the 31/10/19 is a smart move?

As for import duty the issue for Porsche is it will drive away the volume it is used to and geared to deliver at its factories. To cut down capacity or find new markets to replace said demand isn’t easy. As such it’s more likely they would suck up the hit or even consider building a production line here in the U.K.

[Dammit]

I think there needs to be a bit or realism on this- Porsche will never build a factory in the UK in order that UK customers don’t have to pay the UK government an import tariff on their cars.

If we do crash out then we won’t have any volume car manufacturers in this country within 3-5 years, let alone new ones coming in.

[Welshbeef]

Dammit said:

I think there needs to be a bit or realism on this- Porsche will never build a factory in the UK in order that UK customers don’t have to pay the UK government an import tariff on their cars.

If we do crash out then we won’t have any volume car manufacturers in this country within 3-5 years, let alone new ones coming in.

65-70m market place with tariffs to get in vs setting up a factory in that area to maximise market share + have govt support to boot.

Not much to dislike really unless the output of a production line dwarfs the demand of the country for that spec and pricing of a vehicle.

[anonymous-user]

Embrace the new reality Dammit, we’re out no deal Oct 31st. Denial never helps in the long run, embrace the change; it’s not all bad.

Possible case for Ze Gerrrmans buying their way in with a factory afterwards IF that’s required for easy market access, but by then you’ll be too busy enjoying your massively cheaper Mustang v8 or ‘Vette....

[throt]

10k to get one over here. Those low mile 911s be worth millions won’t they , .

[frozen-in-wiltshire]

Twinfan said:

Porsche APR is usually higher than you can get elsewhere, but 6.6% APR from them is pretty good. You can ask if they'll lower it, but I suspect that's as low as they'll go.

No harm in asking though.

This ^^^ - pretty fair all things considered

[Dammit]

[quote=Schmed]Embrace the new reality Dammit, we’re out no deal Oct 31st. Denial never helps in the long run, embrace the change; it’s not all bad.

Possible case for Ze Gerrrmans buying their way in with a factory afterwards IF that’s required for easy market access, but by then you’ll be too busy enjoying your massively cheaper Mustang v8 or ‘Vette....

[/]

I suspect you are in for a rude surprise if we leave on the 31st when you look at how many of your pounds it takes to get a dollar.

[johnny senna]

frozen-in-wiltshire said:

This ^^^ - pretty fair all things considered

Can’t see why anyone goes with 6.6% from Porsche when the likes of Clydesdale are doing 4.4%.

[tuffer]

johnny senna said:

frozen-in-wiltshire said:

This ^^^ - pretty fair all things considered

Can’t see why anyone goes with 6.6% from Porsche when the likes of Clydesdale are doing 4.4%.

Because taking Porsche finance moves you up the pecking order to get a GT car

[SV_WDC]

Welshbeef said:

65-70m market place with tariffs to get in vs setting up a factory in that area to maximise market share + have govt support to boot.

Not much to dislike really unless the output of a production line dwarfs the demand of the country for that spec and pricing of a vehicle.

Getting slightly off topic, but car production factories can't just be built overnight.

This is the problem with US/China tariffs at the moment. Clothing manufacturers say they will consider elsewhere, but production can't just be moved that quickly/easily.

And 65-70m is not an addressable market for Porsche in the UK. It'll also likely shrink as people won't want to spend £100k on a 992 when we're in a recession. Used market might do well however.

[johnny senna]

tuffer said:

Because taking Porsche finance moves you up the pecking order to get a GT car

If only that were true

[SpyderT]

johnny senna 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

Thanks for posting Ryan's details and as a result have used him for finance and I can thoroughly recommend him. Very professional and helpful.

[f1ten]

Might have to give Ryan a call myself! If your only planning on keeping the car under 8 months what is the positiin of the 2-3 year pcp on exiting it? I'm assuming with 15k down there is every chance that will be swept up by deprication?