Porsche finance rates
Porsche finance rates
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Discussion

birdcage

Original Poster:

2,880 posts

223 months

Sunday 25th June 2023
quotequote all
Rates are showing on the website as 10+%, has anyone bought v recently using Porsche finance and got a better deal?

Fnumber1user

411 posts

70 months

Sunday 25th June 2023
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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

2,143 posts

28 months

Sunday 25th June 2023
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…and so the 5% BOE impact begins?

tedblog

1,442 posts

98 months

Sunday 25th June 2023
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I think its going to increase again after last weeks interest rate rise.
Killing new car sales at the moment.

SV_WDC

1,009 posts

107 months

Sunday 25th June 2023
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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

1,096 posts

255 months

Sunday 25th June 2023
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Who knows but 7 new 992's on their website now

tedblog

1,442 posts

98 months

Sunday 25th June 2023
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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

14,442 posts

287 months

Sunday 25th June 2023
quotequote all
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

4,933 posts

215 months

Monday 26th June 2023
quotequote all
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

2,802 posts

103 months

Monday 26th June 2023
quotequote all
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

1,485 posts

120 months

Monday 26th June 2023
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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

1,964 posts

229 months

Monday 26th June 2023
quotequote all
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

1,009 posts

107 months

Monday 26th June 2023
quotequote all
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

1,825 posts

31 months

Monday 26th June 2023
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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

4,056 posts

122 months

Monday 26th June 2023
quotequote all
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

14,442 posts

287 months

Monday 26th June 2023
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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

44 posts

142 months

Monday 26th June 2023
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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

403 posts

176 months

Monday 26th June 2023
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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

1,173 posts

199 months

Monday 26th June 2023
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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

861 posts

103 months

Monday 26th June 2023
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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