Best rate on a new Porsche?

[GT4RS]

You need to be pretty desperate if you need to take finance out at the current rates of close to 12% with porsche in my opinion. I read on another thread bmw are even higher, close to 14%.

Wouldn’t want to be the person with a large balloon payment which is coming up for refinancing…..could get pretty messy and expensive to own the same car you have been paying for the last 3 years.

My local opc has always said 95% of the cars they sell are in pcp with the minimum deposit. These increases in finance rates are going to be felt by many.

This is where cash is king when you work out the true cost of ownership moving forward.

Edited by GT4RS on Saturday 3rd December 10:55

Edited by GT4RS on Saturday 3rd December 10:56

Edited by GT4RS on Saturday 3rd December 10:56

[S_13]

You would think demand would drop but it’s still sky high try get any model it’s easy 6-9 months wait and the dealers are so busy, there’s no discount even at the 10.9% rate which is the crazy part they openly say it we do not discount and they have a line of customers waiting. Where is the recession?

[Koln-RS]

There are a lot of mixed messages coming out.

But, I do think dealers will want to maintain the impression (or illusion) that business is booming, and, if you want a car you must join a queue and pay list.

Once the tone changes to a ‘buyers market’ they are on the back foot.

[Fusion777]

We’re not technically in recession yet, but we’re very close. Once a recession is officially announced, I think the mood will start to alter. Talk of 4% rates at the next move, or close after.

[Voodoo Blue]

Interestingly there are more than 30 new cars listed for sale on Porsche GBs website (including a 718 Cayman GTS) and last autumn when I was thinking of trading my Macan there were 3. I also know that my local OPC has new cars available not listed on the website so would conclude that either people are cancelling their orders and not taking cars that are already locked down/delivered or dealers are taking cars into stock because the waiting lists have evaporated.

[stuckmojo]

Anecdotally - pinch of salt required - but my local OPC's forecourt and showroom is bursting with new cars. I have never seen it like that.

12 months ago there was probably less than half as much stock as now

[mabosh]

I had a quick wander round our local OPC last week and there were a few new cars in the showroom.

However, they were "option" cars that I believe the dealers are believed to take from time to time. There was a 2.0 Cayman with £28k of options and a 2.0 Boxster with £21k of options. There was also a base Cayenne which I only had a quick look at, it was a PTS colour (a aubergine/purple with silver stripes, yuk) and further options totalling something around £20k.

Bonkers. They could be stuck with those for a while.

[elisered]

stuckmojo said:

Anecdotally - pinch of salt required - but my local OPC's forecourt and showroom is bursting with new cars. I have never seen it like that.

12 months ago there was probably less than half as much stock as now

This.
My recent experience suggests there’s a limited relationship between new cars physically in an OPC showroom and what is advertised on the AUV site.
As others have said no doubt there is a collective desire to maintain the impression of high demand regardless, but it’s obvious more unregistered cars are available now than 12 - 18 months ago. And they are not all Taycans or Cayennes either.
I also would assume advertising availability of new cars does not score too many brownie points with PCGB?

[rawenghey]

GT4RS said:

You need to be pretty desperate if you need to take finance out at the current rates of close to 12% with porsche in my opinion. I read on another thread bmw are even higher, close to 14%.

Wouldn’t want to be the person with a large balloon payment which is coming up for refinancing…..could get pretty messy and expensive to own the same car you have been paying for the last 3 years.

My local opc has always said 95% of the cars they sell are in pcp with the minimum deposit. These increases in finance rates are going to be felt by many.

This is where cash is king when you work out the true cost of ownership moving forward.

Agreed. I can't see how demand remains high with such high cost of borrowing. Either the manufacturers are putting on a brave face, or there really are enough people who just don't care, want what they want and are happy to suck up the cost.