Porsche new car finance

Porsche new car finance

Author
Discussion

Mark Stevens

164 posts

189 months

Wednesday 23rd January 2019
quotequote all
4% apr on a used GT4 from Sutton Coldfield

kbf1981

2,249 posts

199 months

Wednesday 23rd January 2019
quotequote all
Mark Stevens said:
4% apr on a used GT4 from Sutton Coldfield
Was that with VWFS or someone else?

Davidkn

436 posts

103 months

Wednesday 23rd January 2019
quotequote all
moonigan said:
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.
APR is always higher on used cars, the lower rates are there to incentivise you to buy new, that’s where they get the bigger kickbacks and promos.

OPOGTS

1,128 posts

212 months

Thursday 24th January 2019
quotequote all
giles panizzi said:
There are some very competitive HP with balloon options out there, albeit the balloon is not guaranteed. Provided you are realistic with the balloon a much cheaper option ~ less than 5% APR.
Who/where is providing this?

I did a lot of shopping around various lenders in May when i bought my GTS - I couldn't find any balloon-style agreements with those rates. c.6% was the best i could find.

I'd be interested in re-financing if those rates are available as would prefer a bit of my money back and to have a balloon.

Cheers

ChrisW.

6,210 posts

254 months

Thursday 24th January 2019
quotequote all
APR is close to twice the flat rate because the flat rate does not take account of the reducing balance ...

Deposits and cash backs then muddy then muddy the water.

The commission paid on finance can only come from the sum paid by the customer, and this is a significant sum.

tidfrance

Original Poster:

91 posts

129 months

Tuesday 19th February 2019
quotequote all
Hello again.
Thanks Chazd for the help.
Managed to get 8% off from OPC Portsmouth.
The Apr is 6%
My head was cabaged after all the phoning around!
Thanks to everyone.

chazd

183 posts

177 months

Tuesday 19th February 2019
quotequote all
tidfrance said:
Hello again.
Thanks Chazd for the help.
Managed to get 8% off from OPC Portsmouth.
The Apr is 6%
My head was cabaged after all the phoning around!
Thanks to everyone.
Will wait for my commission cheque from them...just kidding!

They are a v helpful bunch and service from them is great so a good choice!

Deep1989

48 posts

74 months

Thursday 21st February 2019
quotequote all
kbf1981 said:
Mark Stevens said:
4% apr on a used GT4 from Sutton Coldfield
Was that with VWFS or someone else?
Yeah SC are my local OPC. Going in this Sunday so curious to know when you got this. Always worth a punt.

Ps. I routinely get 4.1% from Lombard (New car). I set the balloons around £5k lower than the GFV that OPC offer to be safe.

Cpb1702

418 posts

114 months

Friday 22nd February 2019
quotequote all
tidfrance said:
Hello again.
Thanks Chazd for the help.
Managed to get 8% off from OPC Portsmouth.
The Apr is 6%
My head was cabaged after all the phoning around!
Thanks to everyone.
May I ask which model you are getting 8% off? 718?

tidfrance

Original Poster:

91 posts

129 months

Friday 22nd February 2019
quotequote all
Hi.
Yes.
Base model Boxster.

chazd

183 posts

177 months

Friday 22nd February 2019
quotequote all
tidfrance said:
Hi.
Yes.
Base model Boxster.
Who is it you are dealing with there?

tidfrance

Original Poster:

91 posts

129 months

Friday 22nd February 2019
quotequote all
Hi.
It's Nigel.