Discussion
Hi all, was looking at a purchase and was planning to cash buy, but thought I'd also check out their latest deals on PCP. Sorry another PCP thread I know!
I read the lengthy finance thread earlier but wondered if anybody actually knows if Porsche subsidize these deals? No doubt the high GFV has been set to "hook" you in with lower monthlies, so no equity in the car, but would they plan to take a loss on these at the end with a GFV much higher than the actual market future value? I'd previously understood they were set to build up some equity to roll into the next car and get people to change more frequently... I am looking at the overall cost rather than monthly payments.
Thanks in advance for any "insight" .
Bob
I read the lengthy finance thread earlier but wondered if anybody actually knows if Porsche subsidize these deals? No doubt the high GFV has been set to "hook" you in with lower monthlies, so no equity in the car, but would they plan to take a loss on these at the end with a GFV much higher than the actual market future value? I'd previously understood they were set to build up some equity to roll into the next car and get people to change more frequently... I am looking at the overall cost rather than monthly payments.
Thanks in advance for any "insight" .
Bob
Edited by bob2146 on Saturday 24th February 17:24
bob2146 said:
Bump. Any views on this ?
Hey Bob. Will something like the following help? Its gives an idea of overall cost.
https://drive.google.com/file/d/1jWkFFHk4A4mYApKHA...
My balloon on 4 yr 718 gts is set to 36.7k if thats of any use to you
My guess is that it’s all about keeping the monthlies low...from what I have heard the like of BMW and Audi are struggling at the moment and the bulk of their sales would be at a similar price to the 718 ?
From Porsche GB’s perspective I would think it’s much better to take a loss on the underwritten value at the back end of the deal....mainly because they don’t have to be seen to be discounting to shift cars. Once you start discounting the consumer assumes they can always get that discount...very,very hard to get pricing power back. That’s why people like Boots do 3 for 2 or BOGOF deals rather than discount by 30%
From Porsche GB’s perspective I would think it’s much better to take a loss on the underwritten value at the back end of the deal....mainly because they don’t have to be seen to be discounting to shift cars. Once you start discounting the consumer assumes they can always get that discount...very,very hard to get pricing power back. That’s why people like Boots do 3 for 2 or BOGOF deals rather than discount by 30%
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