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Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 11:31 am
by Jon A
So somebody mentioned Porsche finance rates increasing. I asked OPC and got the following message
“The Finance rate has increased to 6.5% on all new applications so the Macan will still be held at 5.9% as proposed.”
Hope this helps.
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 1:21 pm
by Wing Commander
Hopefully folks are aware that much lower rates of interest for borrowing are available elsewhere. So only go for Porsche finance if you’re getting a decent ‘incentive’ in compensation!
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 1:25 pm
by Jon A
Wing Commander wrote: ↑Mon Jan 03, 2022 1:21 pm
Hopefully folks are aware that much lower rates of interest for borrowing are available elsewhere. So only go for Porsche finance if you’re getting a decent ‘incentive’ in compensation!
That’s interesting Simon, do you think it likely/possible to get “compensation” for using their finance? I am probably going with Clydesdale but I do need the wheels painting black…
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 1:31 pm
by alians1109
I was advised I MAY receive something like £500 discount if I took Porsche PCP but I’ve not got to that stage yet to see if it will actually happen
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 2:26 pm
by 31may1997
Jon A wrote: ↑Mon Jan 03, 2022 1:25 pm
Wing Commander wrote: ↑Mon Jan 03, 2022 1:21 pm
Hopefully folks are aware that much lower rates of interest for borrowing are available elsewhere. So only go for Porsche finance if you’re getting a decent ‘incentive’ in compensation!
That’s interesting Simon, do you think it likely/possible to get “compensation” for using their finance? I am probably going with Clydesdale but I do need the wheels painting black…
Jon, would you be kind enough to advise the approx APR available with Clydesdale ?
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 2:35 pm
by Jon A
31may1997 wrote: ↑Mon Jan 03, 2022 2:26 pm
Jon A wrote: ↑Mon Jan 03, 2022 1:25 pm
Wing Commander wrote: ↑Mon Jan 03, 2022 1:21 pm
Hopefully folks are aware that much lower rates of interest for borrowing are available elsewhere. So only go for Porsche finance if you’re getting a decent ‘incentive’ in compensation!
That’s interesting Simon, do you think it likely/possible to get “compensation” for using their finance? I am probably going with Clydesdale but I do need the wheels painting black…
Jon, would you be kind enough to advise the approx APR available with Clydesdale ?
Yes I was quoted 4.8% just before Xmas and was advised they had had a recent uplift so unlikely to change in the New Year. I have asked today if that rate is still current and awaiting reply.
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 2:49 pm
by 31may1997
Thanks Jon, much appreciated. I used Clydesdale for a number of cars 10+ years ago so its good to hear they are still in the market with Virgin Money acquiring the bank.
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 2:59 pm
by GTB
I had 4.5% with Bank of Scotland on a 4yr PCP, had it all approved etc other than delivery date of car but the offer was valid until August 2022, all I had left to do was sign it.
I took that with me and showed the SE at my OPC and said if they wanted me to purchase using Porsche Finance they had to sort out lowering the % rate they quoted and/incentive or I simply use my own finance being offerred from my bank.
SE dissapeared and came back with a vastly improved offer, Im presuming they dont want to loose commission on flogging Porsche PCP.
Its a a competitive market out there so what do Porshe finance want 6.5% of nothing or 4.5% of the agreed amount?
There was also a niggle to be honest, that if I took Porsche finance rather than supply my own, I may end up far further down the waiting list?
GTB
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 3:21 pm
by Wing Commander
GTB wrote: ↑Mon Jan 03, 2022 2:59 pm
I had 4.5% with Bank of Scotland on a 4yr PCP, had it all approved etc other than delivery date of car but the offer was valid until August 2022, all I had left to do was sign it.
I took that with me and showed the SE at my OPC and said if they wanted me to purchase using Porsche Finance they had to sort out lowering the % rate they quoted and/incentive or I simply use my own finance being offerred from my bank.
SE dissapeared and came back with a vastly improved offer, Im presuming they dont want to loose commission on flogging Porsche PCP.
Its a a competitive market out there so what do Porshe finance want 6.5% of nothing or 4.5% of the agreed amount?
There was also a niggle to be honest, that if I took Porsche finance rather than supply my own, I may end up far further down the waiting list?
GTB
Not the other way around?! Surely if anything, NOT taking Porsche finance may push you further down the queue?!
Re: 2022 Macan Build Dates
Posted: Mon Jan 03, 2022 3:26 pm
by Wing Commander
Jon A wrote: ↑Mon Jan 03, 2022 1:25 pm
Wing Commander wrote: ↑Mon Jan 03, 2022 1:21 pm
Hopefully folks are aware that much lower rates of interest for borrowing are available elsewhere. So only go for Porsche finance if you’re getting a decent ‘incentive’ in compensation!
That’s interesting Simon, do you think it likely/possible to get “compensation” for using their finance? I am probably going with Clydesdale but I do need the wheels painting black…
Hi Jon. I think there’s a chance, so no harm in asking.
I used Clydesdale too, for a couple of my purchases.
It seems that flexibility on APR rate varies between OPCs, and/or over time.
Lower rates still can be found on mortgages or personal loans, all depending on circumstances etc.
Cheers,