Porsche finance rates - Page 4 - Porsche General - PistonHeads UK

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

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.

…and so the 5% BOE impact begins?

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

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

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

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?

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…..

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.

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.

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!

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.

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

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.

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.

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.

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.

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.

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?

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

jdubs76 said: 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. Yes, lots of cancelled orders now. I was kept waiting for alloction for 12 months, but decided to cancel a few months back. Same dealers now offering me build slots immediately on most cars of have cancelled customers in build for delivery over next few months!

Kickstart said: Who knows but 7 new 992's on their website now up to 8 now, lots more to come!

stichill99 said: 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? Good question. Dont know about 90's, but in 2008/09 out in UAE, people were leaving their cars, with keys in the car and just leaving them at airports and car parks, which hit values quite alot for few years.

jdubs76 said: 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. As I previously posted Santander via Forza at 7.4%

Anyone buying a big ticket item in the next 18 months either has more than god or has been living in a bunker during 2023. Bonkers. Anything requiring debt to procure will plummet. And given the car market relies heavily on debt, prices are going south. See the housing market, which, like the special car market, suffers from a short supply. And they're going south as we speak.

ImbackYo said: Anyone buying a big ticket item in the next 18 months either has more than god or has been living in a bunker during 2023. Bonkers. Anything requiring debt to procure will plummet. And given the car market relies heavily on debt, prices are going south. See the housing market, which, like the special car market, suffers from a short supply. And they're going south as we speak. buy the fear...enjoy not doing anything for the next 2y on the sidelines then

SV_WDC said: Quotes are from their Q1 2023 report Things have changed dramatically in the last 3 months

ImbackYo said: Anyone buying a big ticket item in the next 18 months either has more than god or has been living in a bunker during 2023. Bonkers. Anything requiring debt to procure will plummet. And given the car market relies heavily on debt, prices are going south. See the housing market, which, like the special car market, suffers from a short supply. And they're going south as we speak. One could be buying a tax efficient EV using a well funded Ltd company...

birdcage said: One could be buying a tax efficient EV using a well funded Ltd company... Lets not go that far lol! From my perspective, Id rather baton down the hatches and wait a few months for prices to soften. Rates have yet to filter through to households on fixed terms (Like me). Once that happens we will see a marked difference in asset prices. I just think you will get more for your money if you wait a little while. That's what Im doing. Cars like the 992 RS will unfortunately be immune given the extremely slow entry into the global market. So they will skew the market somewhat but the run of the mill 911 will not bode well given numbers and the type of buyer they target. My 2 peneth.

There are lots of 'nearly new' GTS's selling for over list price though. I'm waiting for the right spec, although I won't be financing my purchase.

Geoffcapes said: There are lots of 'nearly new' GTS's selling for over list price though. I'm waiting for the right spec, although I won't be financing my purchase. Surely that isn't true, when OPCs have slots available.

ImbackYo said: birdcage said: One could be buying a tax efficient EV using a well funded Ltd company... Lets not go that far lol! From my perspective, Id rather baton down the hatches and wait a few months for prices to soften. Rates have yet to filter through to households on fixed terms (Like me). Once that happens we will see a marked difference in asset prices. I just think you will get more for your money if you wait a little while. That's what Im doing. Cars like the 992 RS will unfortunately be immune given the extremely slow entry into the global market. So they will skew the market somewhat but the run of the mill 911 will not bode well given numbers and the type of buyer they target. My 2 peneth. I think a lot of GT product also falls into this category. Many are not used as intended, hobbled by road conditions and legislation and relatively impractical for a family reducing their exposure to high interest costs ... hence a logical cut when ownership is no longer driven by a prospective untaxed capital gain ?? I believe that there are far more GT cars now in circulation than there are owners who either do already or aspire to use them as designed and intended ...

ChrisW. said: I think a lot of GT product also falls into this category. Many are not used as intended, hobbled by road conditions and legislation and relatively impractical for a family reducing their exposure to high interest costs ... hence a logical cut when ownership is no longer driven by a prospective untaxed capital gain ?? I believe that there are far more GT cars now in circulation than there are owners who either do already or aspire to use them as designed and intended ... I would agree, the GT cars have never experienced this level of adversity. When did this mentalness happen? 991 GT3? As soon as things get sticky and maybe these things don't hold their money anymore, there will be a whole swathe of owners who bought one as an investment or showpiece of whatever that suddenly want out. It hasn't happened yet, but I wouldn't be surprised if it isn't far away.

Porsche GTs are built in their 000's way beyond the demand of those that actually drive them but less than those that "invest" in them. Now they are so abundant and the flippers are gone prices can only fall to reflect the true " non investment" demand. Supply will outweigh demand and prices can only fall. Also cancelled orders at porsche have gone through the roof hence discounting now appearing..Big change in the over inflated porsche market is due

I was at OPC Hatfield on Saturday morning between 9 and 13.00 (PCGB event). It did feel very quiet compared to previous weekend visits to OPCs. Purely anecdotal, I know, but it did jump out a bit.

A friend of mine has done just this with an SF90 spider. Managed to get an order in then had it delivered and realised there is no demand for it and wanted is 500k back. Its now been for sale for months at GVE and is just sitting there bleeding its asking price with delivery mileage. And if Im correct, they are built in fewer numbers than any GT product? When the thought hit him that he was going to lose his backside financially and not make tax free cash, he wanted out.

DMC2 said: Geoffcapes said: There are lots of 'nearly new' GTS's selling for over list price though. I'm waiting for the right spec, although I won't be financing my purchase. Surely that isn't true, when OPCs have slots available. +1. New cars are available at list, so why would anybody be paying over list?

rkwm1 said: +1. New cars are available at list, so why would anybody be paying over list? They aren't. The comment is anecdotally inaccurate or disingenuous. This discussion is very divisive and it tends to be those that are in denial as the ship sinks for various reasons. Those that are stuck in 'negative equity' to use a housing term tend to be those in denial.

ImbackYo said: rkwm1 said: +1. New cars are available at list, so why would anybody be paying over list? They aren't. The comment is anecdotally inaccurate or disingenuous. This discussion is very divisive and it tends to be those that are in denial as the ship sinks for various reasons. Those that are stuck in 'negative equity' to use a housing term tend to be those in denial. Thats not accurate - find a 992 GT3 / GT3 Touring / Turbo S or a GT4 RS below list, they are all advertised at up to double their list price. The handful of cars unsold are all christmas tree spec - 20-30-40k of options fitted to them. I suspect dealers get preferential pricing on the options of some showroom cars, or simply its buyers who paid their 5k deposits and cant now proceed. Also bear in mind that theres just been a c.10-12k uplift on a 992 with a few options. My T was £103k - cheapest for sale currently £119k

ChrisW. said: I believe that there are far more GT cars now in circulation than there are owners who either do already or aspire to use them as designed and intended ... I agree and the truth hurts. Why you have to use the things while you have them as you can't put a price on memories... Once the Investment case is eroded (which is is now IMO) then we will have price discovery of these cars real 'worth'.

I have decided to wait and see what happens. Looking for the right Carrera T spec and I’m in no rush at all. Looking for a car to keep long term.

A few months ago I was listening to Seen Through Glass podcast with the loud laugh car dealer. I remember him saying that the trade could really see the slowdown coming although dealers were still advertising cars at well above list. I think this was aimed at Audi RS3's if I remember correctly! He thought it would take 6 months until it started showing to the average punter but we are much nearer 6 months now! One can only be in denial so long!

stichill99 said: A few months ago I was listening to Seen Through Glass podcast with the loud laugh car dealer. I remember him saying that the trade could really see the slowdown coming although dealers were still advertising cars at well above list. I think this was aimed at Audi RS3's if I remember correctly! He thought it would take 6 months until it started showing to the average punter but we are much nearer 6 months now! One can only be in denial so long! Abrupt shifts in monetary policy take a 12 to 18 months to really filter through. I;m still amazed so many people are surprised what's happening right now....did they really think the COVID mirage could go on forever?

jdubs76 said: I have decided to wait and see what happens. Looking for the right Carrera T spec and I’m in no rush at all. Looking for a car to keep long term. Order one?

bennno said: Thats not accurate - find a 992 GT3 / GT3 Touring / Turbo S or a GT4 RS below list, they are all advertised at up to double their list price. The handful of cars unsold are all christmas tree spec - 20-30-40k of options fitted to them. I suspect dealers get preferential pricing on the options of some showroom cars, or simply its buyers who paid their 5k deposits and cant now proceed. Also bear in mind that theres just been a c.10-12k uplift on a 992 with a few options. My T was £103k - cheapest for sale currently £119k Not one of the models above, are advertised at anywhere near double their list price, escpecially Turbo S. Theres a new one advertised on the Porsche website at list!

bennno said: jdubs76 said: I have decided to wait and see what happens. Looking for the right Carrera T spec and I’m in no rush at all. Looking for a car to keep long term. Order one? With the price rises a new one is out of reach unfortunately and I probably can’t get a build slot now either.

rkwm1 said: bennno said: Thats not accurate - find a 992 GT3 / GT3 Touring / Turbo S or a GT4 RS below list, they are all advertised at up to double their list price. The handful of cars unsold are all christmas tree spec - 20-30-40k of options fitted to them. I suspect dealers get preferential pricing on the options of some showroom cars, or simply its buyers who paid their 5k deposits and cant now proceed. Also bear in mind that theres just been a c.10-12k uplift on a 992 with a few options. My T was £103k - cheapest for sale currently £119k Not one of the models above, are advertised at anywhere near double their list price, escpecially Turbo S. Theres a new one advertised on the Porsche website at list! There's 5 GT4RS for sale at £220k, new list £108k Multiple GT3 touring up to £260k, list £130k Either read posts properly, or if you are going to spout b ks at least do a small check first.

bennno said: There's 5 GT4RS for sale at £220k, new list £108k Multiple GT3 touring up to £260k, list £130k Either read posts properly, or if you are going to spout b ks at least do a small check first. You sound like another poster who always seems to quote prices of cars without options. The list price of a car is the price paid for the car and each list price is different. From what i see, very rarely cars are absent of options and therefore the prices you quote are irrelavant, and no cars are listed at double their list price! The 4RS at Newcastle listed at a price of £190K is one of the rare ones with only one cost option and list of that car is £137.5K, so nowhere near double list! FYI the list price of a 4RS is £125.5K without options and the GT3 is £149.3K. Maybe you should stick to 992 T pricing

rkwm1 said: bennno said: There's 5 GT4RS for sale at £220k, new list £108k Multiple GT3 touring up to £260k, list £130k Either read posts properly, or if you are going to spout b ks at least do a small check first. You sound like another poster who always seems to quote prices of cars without options. The list price of a car is the price paid for the car and each list price is different. From what i see, very rarely cars are absent of options and therefore the prices you quote are irrelavant, and no cars are listed at double their list price! The 4RS at Newcastle listed at a price of £190K is one of the rare ones with only one cost option and list of that car is £137.5K, so nowhere near double list! FYI the list price of a 4RS is £125.5K without options and the GT3 is £149.3K. Maybe you should stick to 992 T pricing Yep...throw some options and a Weiss pack at that puppy and not sure where the £108k came from

rkwm1 said: You sound like another poster who always seems to quote prices of cars without options. The list price of a car is the price paid for the car and each list price is different. From what i see, very rarely cars are absent of options and therefore the prices you quote are irrelavant, and no cars are listed at double their list price! The 4RS at Newcastle listed at a price of £190K is one of the rare ones with only one cost option and list of that car is £137.5K, so nowhere near double list! FYI the list price of a 4RS is £125.5K without options and the GT3 is £149.3K. Maybe you should stick to 992 T pricing Rolling heads don't cover for a lack of ability to comprehend what's been written. Given your lecturing on list prices then I'd expect you to fully realise you are quoting the large increase 2024MY prices, not the correct ones I quoted previously for the cars up for sale. Perhaps you don't understand 'up to double' and cars with a £108k list price being sold for £220k plus.

bennno said: There's 5 GT4RS for sale at £220k, new list £108k Multiple GT3 touring up to £260k, list £130k Either read posts properly, or if you are going to spout b ks at least do a small check first. For sale.......Theres the clue. Lets see how many fools and their money rock up and sign on the dotted line.

Andyoz said: Yep...throw some options and a Weiss pack at that puppy and not sure where the £108k came from They were £108k list for anybody who got a 23MY car. There's a big 24MY increase across all models.

No one is paying clown prices at the moment, market is turning.... when could you walk in and get a 911 GTS with no waiting list?

Gregmitchell said: No one is paying clown prices at the moment, market is turning.... when could you walk in and get a 911 GTS with no waiting list? Got offered a few over the last year as it’s almost the only 992’s variant they wanted to build, a c2 of c2s to the spec of your choice has been mother matter.

bennno said: Rolling heads don't cover for a lack of ability to comprehend what's been written. Given your lecturing on list prices then I'd expect you to fully realise you are quoting the large increase 2024MY prices, not the correct ones I quoted previously for the cars up for sale. Perhaps you don't understand 'up to double' and cars with a £108k list price being sold for £220k plus. Here you are have a few more The issue is with your inabilty to accuratley convey what you mean! You say that cars are advertised at up to double their list price....please post one example of this. I reiterate the list price of a vehicle is the price of the vehicle with options, not the basic price of the vehicle excluding options! Yes, the prices i posted are the new prices. However if we are being pedantic the £108k price you mention was the MY 22 price. The MY23 price, which all of the cars advertised fall into was circa £113-114K for a car before options!

ImbackYo said: For sale.......Theres the clue. Lets see how many fools and their money rock up and sign on the dotted line. Tbf a few 4RS seem to have been sold over last week or so, with some decent amounts knocked off their orginal asking prices!

Other than taycans any other models getting 10%+ discounts on BRAND NEW

Geoffcapes said: There are lots of 'nearly new' GTS's selling for over list price though. I'm waiting for the right spec, although I won't be financing my purchase. Be off your rocker to pay over list for what is a high production 992 model. They have made more gts cars than s cars to maximum profit. Another reason why they produced so many turbo s cars.

bennno said: ImbackYo said: rkwm1 said: +1. New cars are available at list, so why would anybody be paying over list? They aren't. The comment is anecdotally inaccurate or disingenuous. This discussion is very divisive and it tends to be those that are in denial as the ship sinks for various reasons. Those that are stuck in 'negative equity' to use a housing term tend to be those in denial. Thats not accurate - find a 992 GT3 / GT3 Touring / Turbo S or a GT4 RS below list, they are all advertised at up to double their list price. The handful of cars unsold are all christmas tree spec - 20-30-40k of options fitted to them. I suspect dealers get preferential pricing on the options of some showroom cars, or simply its buyers who paid their 5k deposits and cant now proceed. Also bear in mind that theres just been a c.10-12k uplift on a 992 with a few options. My T was £103k - cheapest for sale currently £119k None of the cars you mentioned above are advertised at double their retail price!

AJAYE2015 said: Other than taycans any other models getting 10%+ discounts on BRAND NEW You will get a good deal on the last of the Cayennes, just be prepared to loose a lot in the first two years now the new model is here. I watched a you tube vid last night, tycan is apparently loosing 25% to 30% of its value in the first year in the US. Scary stuff. There’s also a good vid on the 991.1 gt3 rs current values if you like that kind of thing.

You say Scary stuff, isn't it just normal? All big Porsches used to shed their value, Panamera, Cayennes. Only Macan's bucked the trend

Terry Winks said: You say Scary stuff, isn't it just normal? All big Porsches used to shed their value, Panamera, Cayennes. Only Macan's bucked the trend I guess it is the old normal coming back, I always bought knowing my cars would probably be worth 50% of their new value after 3 years. It would make sense to think the tycan depreciation will slow down a little second and third year, but there’s a good chance they will be under 50% of there new value after 3 years if they shed 30% in the first year. Maybe I should have said, scary stuff for the people who recently bought who were told Porsches don’t loose that much money. To loose 30k on a 100k car in 12 months and then have the pleasure of paying interest on the borrowing at 11% is not a game I personally want to play.

I mean, I guess it doesn't matter if you have a solid GFV in your PCP its Porsches problem not yours. But I have already seen a couple of people who lorded up having a Cayman and Macan, come to the end of their agreement and are now shocked the monthlies have more than doubled.

DMC2 said: Geoffcapes said: There are lots of 'nearly new' GTS's selling for over list price though. I'm waiting for the right spec, although I won't be financing my purchase. Surely that isn't true, when OPCs have slots available. It is very true. If I order new, and the spec I want, I've been told I'll have a 12 month wait. Lacking in any kind of patience, for the sake of 10 grand I'll buy a nearly new car with 200 miles on the clock with pretty much the spec I want.

To be fair, with that premium the new cost may have increased to more than this by the time a new order arrives ?

GT4RS said: Friend just got 10% off a new tycan order, so sales must be slowing down or they wouldn’t have given it to him. Where was this I'm thinking of ordering a Taycan?

There's now 6 brand new 911s available on the Porsche website, the most that I've ever seen (before about 3 months ago there were almost never any on there). Also regarding 'sell for double price' etc, the people I know that have 992 GT3/Tourings paid a lot new, as they were 'encouraged' to buy a lot of options and also required to buy the watch. They're in for ££170-175k before the prices rises, which would be well over £180k now, so probably an actual sale now would be £200-£220k, a 10-20% markup?

Shameful OPC pumping IMHO ... and the watches are nothing special. They used to be beautifully designed JLC's ... now they are overprice TAG ?which are often re-sold on Watch Collecting at half their cost price as unwanted "necessities" ?