Porsche finance rates

[birdcage]

Rates are showing on the website as 10+%, has anyone bought v recently using Porsche finance and got a better deal?

[Fnumber1user]

I don't believe they'll negotiate on rates - you may get a little better using alternative finance house, or depending on the size of borrowing a personal loan (or two). Not a good time to be borrowing, for many reasons.

[NRG1976]

…and so the 5% BOE impact begins?

[tedblog]

I think its going to increase again after last weeks interest rate rise.
Killing new car sales at the moment.

[SV_WDC]

tedblog said:

I think its going to increase again after last weeks interest rate rise.
Killing new car sales at the moment.

Not for Porsche it isn’t. According to their latest results profits +25% YoY, 41% of new cars are financed or leased (from Porsche Finance); previously 46%.

OP - you’ll probably have to use a third party to get a cheaper rate than OPC

[Kickstart]

Who knows but 7 new 992's on their website now

[tedblog]

SV_WDC said:

Not for Porsche it isn’t. According to their latest results profits +25% YoY, 41% of new cars are financed or leased (from Porsche Finance); previously 46%.

OP - you’ll probably have to use a third party to get a cheaper rate than OPC

This years figures arent in yet?

[bennno]

birdcage said:

Rates are showing on the website as 10+%, has anyone bought v recently using Porsche finance and got a better deal?

I used Forza instead 7.4% using Santander, versus Porsche offering 10.9 on new cars…..

[GT4RS]

tedblog said:

I think its going to increase again after last weeks interest rate rise.
Killing new car sales at the moment.

Friend just got 10% off a new tycan order, so sales must be slowing down or they wouldn’t have given it to him.

[Armitage.Shanks]

GT4RS said:

tedblog said:

I think its going to increase again after last weeks interest rate rise.
Killing new car sales at the moment.

Friend just got 10% off a new tycan order, so sales must be slowing down or they wouldn’t have given it to him.

Market is awash with Taycans. OPCs are full of them after many have come back in at the end of their business hire period. Also the EV market has been knocked by Tesla reducing their new car prices by £8k to maintain their place in the market. It wouldn't surprise me if Musk did it again in the future.

[rkwm1]

Kickstart said:

Who knows but 7 new 992's on their website now

There a quite a few others been offered around that arent advertised!

[DMC2]

rkwm1 said:

Kickstart said:

Who knows but 7 new 992's on their website now

There a quite a few others been offered around that arent advertised!

I've been offer a couple of GTS, T, Turbo S... none of which are on the site. I reckon there must be loads sitting about.

[SV_WDC]

tedblog said:

SV_WDC said:

Not for Porsche it isn’t. According to their latest results profits +25% YoY, 41% of new cars are financed or leased (from Porsche Finance); previously 46%.

OP - you’ll probably have to use a third party to get a cheaper rate than OPC

This years figures arent in yet?

Quotes are from their Q1 2023 report

[Terry Winks]

birdcage said:

Rates are showing on the website as 10+%, has anyone bought v recently using Porsche finance and got a better deal?

I've always used Darren Gibson, great chap and will always be more competitive. Other independents are available.

[CloudStuff]

DMC2 said:

rkwm1 said:

Kickstart said:

Who knows but 7 new 992's on their website now

There a quite a few others been offered around that arent advertised!

I've been offer a couple of GTS, T, Turbo S... none of which are on the site. I reckon there must be loads sitting about.

My heart bleeds for them. They're going to need to start actually selling.

Time to dig out the shiny shoes, and make some grovelling apology calls to the loyal customers they gave the cold shoulder to.

Or something like that.

[bennno]

DMC2 said:

I've been offer a couple of GTS, T, Turbo S... none of which are on the site. I reckon there must be loads sitting about.

I'd say there's a handful of 911's unsold in the dealer network as opposed to loads, however they all seem to be huge spec.

Dealers still pre regging cars as theres an opportunity to sell above list with the price rises having taken effect.

[jdubs76]

Currently talking with my OPC about a cancelled order 911 Carrera available in a few weeks. Porsche finance at an Apr of 10.3%.

I know taking a Porsche finance option is more costly but does it have advantages? Any recommendations for alternatives?

I’m trying to strike a deal here as I know dealers are getting cancelled orders through now. They are not moving on APR rate.

[scrounger73]

10.9 is double what I financed my 718 GTS for 14 months ago. It's really bad for those looking to finance through an OPC. I'd look at alternatives if you can. Try Oracle car finance and the likes.

[stichill99]

What was the defining moment of the crash in early 90's? I have read of 911 turbo's selling way over list and a few weeks later losing 75% of their value if you could find a buyer! Would a scenario like this happen again?

[Sidsw]

bennno said:

I'd say there's a handful of 911's unsold in the dealer network as opposed to loads, however they all seem to be huge spec.

Dealers still pre regging cars as theres an opportunity to sell above list with the price rises having taken effect.

Probably pre regging cars to keep their sales figures high.

List is no longer achieved on anything other than limited edition cars from what i can see