718 discount thread
Discussion
RacerMike said:
If you're after a second hand car, a better bet is to go through a third party finance broker like Magnitude or Oracle. My GT4 is with Magnitude and there's absolutely no way that Porsche could get anywhere near the interest rate or GFV.
Buying new, the Porsche finance sometimes ends up being cheaper over the term as they'll offer a hefty discount on the list price which ends up more than making up for the higher interest rate.
As with the actual car, shop around, get a few different quotes and weigh up your options. There's usually a sweet spot of deposit vs monthly payments i.e. huge deposits sometimes don't yield the best results long term as it's not in the financiers interest to loan you less money, so they'll up the interest rates as the loaned amount decreases.
Thanks for this, I’ll look into the 2 finance houses above. Buying new, the Porsche finance sometimes ends up being cheaper over the term as they'll offer a hefty discount on the list price which ends up more than making up for the higher interest rate.
As with the actual car, shop around, get a few different quotes and weigh up your options. There's usually a sweet spot of deposit vs monthly payments i.e. huge deposits sometimes don't yield the best results long term as it's not in the financiers interest to loan you less money, so they'll up the interest rates as the loaned amount decreases.
Even more so now, as having spoken to my local dealer who sent me a quote with Q1 2021 delivery, there’s a likely brexit import tax imminent of circa 10% from January.... I’d missed this!
Maybe lightly used 2nd hand is the way to move forward after all.
RacerMike said:
If you're after a second hand car, a better bet is to go through a third party finance broker like Magnitude or Oracle. My GT4 is with Magnitude and there's absolutely no way that Porsche could get anywhere near the interest rate or GFV.
Buying new, the Porsche finance sometimes ends up being cheaper over the term as they'll offer a hefty discount on the list price which ends up more than making up for the higher interest rate.
As with the actual car, shop around, get a few different quotes and weigh up your options. There's usually a sweet spot of deposit vs monthly payments i.e. huge deposits sometimes don't yield the best results long term as it's not in the financiers interest to loan you less money, so they'll up the interest rates as the loaned amount decreases.
My experience when looking at the 981 GT4 and GTS' has been that places like Oracle and Magnitude can get better APR's but struggle to get near to the OPC GFV values which then offsets monthly figures if going on finance. So may revisit them if the above is the case. I know they can match the GFV via a non-PCP balloon option but obviously less security with the current market and high balloon payment at end of term. Buying new, the Porsche finance sometimes ends up being cheaper over the term as they'll offer a hefty discount on the list price which ends up more than making up for the higher interest rate.
As with the actual car, shop around, get a few different quotes and weigh up your options. There's usually a sweet spot of deposit vs monthly payments i.e. huge deposits sometimes don't yield the best results long term as it's not in the financiers interest to loan you less money, so they'll up the interest rates as the loaned amount decreases.
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