Porsche PCP

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AndyC160
Posts: 253
Joined: Sun Sep 15, 2019 11:11 am

Post by AndyC160 » Fri May 13, 2022 7:14 pm

Just thinking out loud...what with the increase in interest rates which look like they will just keep going up and the lead times for new Macan's...

If I put an order in now, does anyone know if the pcp Apr Porsche finance give me would be at the rate when I place the order now (5.9% or whatever) or the rate when I pick the car up which could be months away on current form and % could be much higher?
2018 Macan in Agate grey
Audi B5 RS4 - tweaked a little bit ;)
Lotus Elise S1 Sport 160

Bluesnose1812
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Joined: Sat Sep 18, 2021 1:16 pm
Location: Worcestershire

Post by Bluesnose1812 » Fri May 13, 2022 7:47 pm

It will be at the going rate when the car payment is paid. Rates could go up to 15% over the next 6 months you won't get any one to fix now unless you start paying now.
Ord 22.9.21 ETA 27.5.22
Macan S|Jet Black|Pano¦ WTrm |14 way¦Vented¦Belts¦Crests|Air¦Chrono¦75L¦PwrStrng+|LamnAcousPrivcy Glass|Surr self park|SLI ¦LCA¦ACC¦Ioniser|Heated¦W/Scrn¦GT S/Whl|BOSE|18" Spare|Boot Mat| http://www.porsche-code.com/PNZ51LY5

Paul1970
Posts: 200
Joined: Thu Mar 08, 2018 5:31 pm

Post by Paul1970 » Fri May 13, 2022 11:15 pm

I suggest speaking to the finance person, because I seem to recall that my rate was as per the finance quote which was a while before delivery. However, it may just be that the rate hadn’t changed by the time of delivery.
Porsche Cayenne GTS, Quarzite Grey) (Nov 21) (Mine :D )
E-Mini (Oct 21) (Hers)
E-Peugeot 2008 (Jan 21 local runaround) (Ours)
Porsche Macan GTS, Sapphire Blue, 2018 (sold :cry: )

Plyphon
Posts: 92
Joined: Wed Dec 29, 2021 2:42 pm

Post by Plyphon » Fri May 13, 2022 11:27 pm

I'm in the process of sorting my finance out currently - getting quotes from 3rd parties to play against Porsche's own.


Porsche only hold their quotes for 30 days I believe.

3rd parties vary - one is two weeks, most are 30 days. Most say engage with them 2 weeks before delivery as thats ample time to sort out before needing to pay.

AndyC160
Posts: 253
Joined: Sun Sep 15, 2019 11:11 am

Post by AndyC160 » Sat May 14, 2022 11:39 am

The 30 days seems to ring a bell.

Need to find it out rough delivery times to see if it's viable
2018 Macan in Agate grey
Audi B5 RS4 - tweaked a little bit ;)
Lotus Elise S1 Sport 160

Zadkiel
Posts: 146
Joined: Mon Jul 26, 2021 2:04 pm

Post by Zadkiel » Sat May 14, 2022 5:11 pm

Hi, the current VWFS PCP rate is around 6.5%. If you speak with the finance person at the OPC and ask them, they should be willing to fix the interest rate for you at the time you pay your deposit. Get this in writing and they will honour it even if the car turns up a year later !.
Macan S arrived May’22.
Met. Black, Burmester, Bordeaux ext. leather
http://www.porsche-code.com/PNKMKWC6

AndyC160
Posts: 253
Joined: Sun Sep 15, 2019 11:11 am

Post by AndyC160 » Mon May 16, 2022 11:17 am

Zadkiel wrote:
Sat May 14, 2022 5:11 pm
Hi, the current VWFS PCP rate is around 6.5%. If you speak with the finance person at the OPC and ask them, they should be willing to fix the interest rate for you at the time you pay your deposit. Get this in writing and they will honour it even if the car turns up a year later !.
Always worth asking. 👍 Their rate has shot up if its now 6 5%. expected though.
2018 Macan in Agate grey
Audi B5 RS4 - tweaked a little bit ;)
Lotus Elise S1 Sport 160

Percymon
Posts: 448
Joined: Mon Sep 20, 2021 11:41 am

Post by Percymon » Mon May 16, 2022 1:05 pm

I would imagine the rate is at the point of collection, thats when the finance assessment and decision is made. I doubt anyone will set up finance based on rates and your circumstances months in advance of any initial payment.

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Wing Commander
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Location: Swindon

Post by Wing Commander » Mon May 16, 2022 5:38 pm

This is a bit left field, but you could offer to start making payments now, if it means you can fix the rate now, at 6.5% or whatever.

Personally, I funded my last purchase with a mix of mortgage and 0% on credit card.

I have used Clydesdale previously too, who came out with a lower interest rate than Porsche Finance.
Simon

Sold: 2016 Rhodium Silver Macan 2.0
Sold: 2013 Platinum Silver 911 (991.1) C2
Sold: 2017 Carmine Red Panamera 4
Mine: 991.2 Carrera T Racing Yellow http://www.porsche-code.com/PJCIIPK4

AndyC160
Posts: 253
Joined: Sun Sep 15, 2019 11:11 am

Post by AndyC160 » Mon May 16, 2022 6:09 pm

Wing Commander wrote:
Mon May 16, 2022 5:38 pm
This is a bit left field, but you could offer to start making payments now, if it means you can fix the rate now, at 6.5% or whatever.
Might be worth asking if they'll accept that.

Many many questions! Need to find out how much wbac etc and OPC will offer me for my current Macan to see if it's all viable
2018 Macan in Agate grey
Audi B5 RS4 - tweaked a little bit ;)
Lotus Elise S1 Sport 160

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