718 GT4 allocation from Porsche Synter group

[Olderandwiser22]

I know that the majority of dealerships are closed.

Has anyone been recently been offered a 718 GT4 allocation from the Synter group?

I had been in talks with my local dealership and they had suggested I was to be allocated a car.

I am just intrigued to see when the last locked down orders went through.

Thanks.

[Twinfan]

I picked my car up a week before lockdown and there were another 3 at the OPC being prepared. They were all from the second round of allocations distributed to buyers in November 2019. I asked my SA if they'd had any more allocations since then and he said no, but he's not always 100% up to date with these things across the dealership.

I didn't see any chatter here on PH about any new confirmed allocations in Feb/March which is when they were expected, and they would have been build dates scheduled for April/May/June which will obviously now be delayed. No-one seems to be talking about a delayed build date though?

[BubblesNW]

Don't burn me if I'm wrong but I seem to remember someone who had been shown the door by a large number of OPC salespeople and virtually laughed at for asking if they could buy a 718GT4 recently getting a call asking if he was still interested. The current climate will knock a lot of new car sales if people can walk away without losing their shirt before they are obliged to stump up the asking price.

[Olderandwiser22]

This is the sort of info I am looking for to get a little leverage.

Interest rates are well down as well from when I got my original quote.

[tedblog]

BubblesNW said:

Don't burn me if I'm wrong but I seem to remember someone who had been shown the door by a large number of OPC salespeople and virtually laughed at for asking if they could buy a 718GT4 recently getting a call asking if he was still interested. The current climate will knock a lot of new car sales if people can walk away without losing their shirt before they are obliged to stump up the asking price.

Yes i know Reading did this in January as he went up the road to a nice independant and purchased a 911.

[Porsche911R]

Cars will sell as OPC's and VW will drop PCP interest to sub 2% after the lock down.

As most of the cost with a PCP car is interest on the balloon !!! , it will make the cars feel cheaper to buy by quite a big margin.

£80k GT4 with 30k deposit and gfv of £48k pre covid £320 a month

after covid £60 a month.

simple maths will sell cars no issue.

[BubblesNW]

Porsche911R said:

Cars will sell as OPC's and VW will drop PCP interest to sub 2% after the lock down.

As most of the cost with a PCP car is interest on the balloon !!! , it will make the cars feel cheaper to buy by quite a big margin.

£80k GT4 with 30k deposit and gfv of £48k pre covid £320 a month

after covid £60 a month.

simple maths will sell cars no issue.

That’s an awful lot of speculation. Firstly, who puts down a £30k deposit on an £80k car (37.5%)? Any GFV is likely to be lower post Covid-19. All imho of course. I suspect many will not go through with sales or delay delivery.

Edited by BubblesNW on Tuesday 21st April 20:16

[Porsche911R]

BubblesNW said:

That’s an awful lot of speculation. Firstly, who puts down a £30k deposit on an £80k car (37.5%)? Any GFV is likely to be lower post Covid-19. All imho of course. I suspect many will not go through with sales or delay delivery.

Edited by BubblesNW on Tuesday 21st April 20:16

Who puts £30k in, people with £30k to spend who want to drive a £80k car vs a £30k car :-)

Even if it were £15k in you save about £250 a month when VW drop their Pcp rates.

Was just guessing at a GFV , no idea what these were or will be.
But seems about right to me.

Best way to make a Pcp work for you is maxing the deposit so you only pay interest on the balloon and if that’s low, you can drive a £80k car for £60 a month with your £30k.

Got to buy clever.

[bennno]

Porsche911R said:

Cars will sell as OPC's and VW will drop PCP interest to sub 2% after the lock down.

As most of the cost with a PCP car is interest on the balloon !!! , it will make the cars feel cheaper to buy by quite a big margin.

£80k GT4 with 30k deposit and gfv of £48k pre covid £320 a month

after covid £60 a month.

simple maths will sell cars no issue.

Another day, another load of carp from 911R.

The interest rate might be sharpened, but its likely the post covid19 residual will be adjusted downwards - so it wont be £60 month.

[David W.]

bennno said:

Another day, another load of carp from 911R.

The interest rate might be sharpened, but its likely the post covid19 residual will be adjusted downwards - so it wont be £60 month.

He might just be right. Companies need to move the metal, if that’s what it takes Thats what will happen. Look at the bigger picture.

[GT4RS]

Olderandwiser22 said:

I know that the majority of dealerships are closed.

Has anyone been recently been offered a 718 GT4 allocation from the Synter group?

I had been in talks with my local dealership and they had suggested I was to be allocated a car.

I am just intrigued to see when the last locked down orders went through.

Thanks.

I think there 5 of us on her who have cancelled 718 gt4 orders.

If you want one and are a serious buyer it shouldn’t be that difficult, speaking directly to one of the sales guys on the showroom floor may not be the best option as they aren’t always in the know, speak with the DP if you know them, they should be able to give you straight answer.

[Porsche911R]

David W. said:

He might just be right

:-) people who poo poo my posts are the ones who don’t under stand PCP and take the lowest deposit and 4 years then cry about values.

Pretty sure what I predicted will be about right give or take a few k each way.

[Cheib]

I don’t think VW Finance will be offering 2% finance rates on GT4’s to sell them....there are plenty of people who would jump at the chance of a GT car at list without them having to do that.

There will be some crazy finance deals around but probably in the form of big deposit contributions. Optically they look like big discounts but the reality is you have to take a finance package...which means the total cost is close to the list price. Though you could of course cancel the finance deal after a month or two....

I was offered a deal like that on a Panamera in Feb which Porsche GB wanted sold. Was a big discount.

[David W.]

Porsche911R said:

:-) people who poo poo my posts are the ones who don’t under stand PCP and take the lowest deposit and 4 years then cry about values.

Pretty sure what I predicted will be about right give or take a few k each way.

Mine are all paid for, not sure if that makes me hero or zero?

[Porsche911R]

David W. said:

Mine are all paid for, not sure if that makes me hero or zero?

You did not poo poo my post and said I might be right :-)

[Porsche911R]

Cheib said:

I don’t think VW Finance will be offering 2% finance

Time will tell, they won't have a Choice, car market was dead pre covid.

Even in this very small group of people 5 have cancled GT4
'S and one who had no chance has had the call for one.

Just think of he normal stuff. Low PCP rates will happen sub 2%.

They would rather sell cars than make a bit extra on finance.
Basic selling tactics when times go south.

Rare for Porsche but see what Macca had to do ! And Mazda have been doing 0% for a couple of years.

[GT4RS]

Porsche911R said:

Cheib said:

I don’t think VW Finance will be offering 2% finance

Time will tell, they won't have a Choice, car market was dead pre covid.

Even in this very small group of people 5 have cancled GT4
'S and one who had no chance has had the call for one.

Just think of he normal stuff. Low PCP rates will happen sub 2%.

They would rather sell cars than make a bit extra on finance.
Basic selling tactics when times go south.

Rare for Porsche but see what Macca had to do ! And Mazda have been doing 0% for a couple of years.

I think you may be right 991r they will need to do something to kick start the market.

[footsoldier]

If it was 2% interest, with the option to walk away at the end - I’d say it would make sense to put down minimum deposit, not maximum.
Cheap money and you can buy gold and guns with the leftover deposit.

[Armitage.Shanks]

footsoldier said:

If it was 2% interest, with the option to walk away at the end - I’d say it would make sense to put down minimum deposit, not maximum.
Cheap money and you can buy gold and guns with the leftover deposit.

That's what I was thinking. I've never done PCP/Finance to buy a car but my understanding is at the end of the period you either use the surplus above the GFV to fund the next car or you walk away. Losing £30k over 2yrs would be bad enough not including the monthly payments.

[Cheib]

Porsche911R said:

Cheib said:

I don’t think VW Finance will be offering 2% finance

Time will tell, they won't have a Choice, car market was dead pre covid.

Even in this very small group of people 5 have cancled GT4
'S and one who had no chance has had the call for one.

Just think of he normal stuff. Low PCP rates will happen sub 2%.

They would rather sell cars than make a bit extra on finance.
Basic selling tactics when times go south.

Rare for Porsche but see what Macca had to do ! And Mazda have been doing 0% for a couple of years.

They’ll offer big deposit contributions like BMW et al have been for years first I think....looks like and sounds like a discount but when you look at the total cost of ownership number at the bottom of the finance illustration it’ll e the same as or even slightly higher than the RRP.

The Panamera I mentioned had a deposit contribution of over £20k (not from the OPC)...could only be bought on finance though and I didn’t want what was an effectively brand new Panamera Sport Turismo.

0% finance is a genuine cost....deposit contribution is smoke and mirrors