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All Porsche Macan Related Discussion
Jonttt
Posts: 61
Joined: Wed Nov 09, 2016 5:10 pm

Post by Jonttt »

Just to balance things out (as it looks like there are no IFA's on here) PCP's can work out better than HP for some people ie its not just about the APR. There are various factors to consider including but not limited to:

- Porsche is "unusual" in that most manufacturers offer incentives to take out their PCP's in the form of a contribution to the initial payment. Porsche does not do this on the Macan (I don't think) so that makes PCP v HP more comparable

- HP is not mileage restrictive

- HP does not have a guaranteed future value. It seems that the HP providers for Macans seem to base their end settlement on expected value but this is not guaranteed. A Macan should be a pretty safe bet BUT for example if a major engine issue where to materialise not recognised by Porsche warranty (as per the 996) it could materially affect resale value.

- Porsche are more likely to agree favourable VT (voluntary termination) terms if you trade in a car early on their PCP ? (I have no experience with porsche PCP but this is true of other manufacturers)

- PCP have restrictive initial payments. This ensures that the amount of credit cannot be small in relative terms to the value of the car. In the case of a Macan this seems to be c£16k. HP does not have this restriction so you can put down as much as you like nb the lower the amount borrowed the higher the APR generally. There can be a point when its cheaper to borrow more depending on what else you could do with the capital especially when interest rates are low ie tie up capital on reducing a car loan but end up borrowing on something else where finance is not as cheap. Of course that works vice versa eg extend mortgage for a 3 year term to borrow the funds.

There are otehr considerations, everyone is different and what is the "right" solution for one person may not be the right solution for another.

Having said all that given Porsche don't offer contribution incentives and future values are strong HP does make a lot of sense comared to PCP where the headline APR is lower.


Jonttt2017-01-13 14:33:07
Macan GTS
http://www.porsche-code.com/PHB76X76

SQ52GTS
Posts: 410
Joined: Mon Jul 18, 2016 8:30 pm
Location: Newark

Post by SQ52GTS »

I suspect there are at least 2 IFA's on here
2016 Sapphire GTS with 21 Black Classics.
2018 Sapphire GTS without Black Classics.
Jonttt
Posts: 61
Joined: Wed Nov 09, 2016 5:10 pm

Post by Jonttt »

I would not have known Wink
Macan GTS
http://www.porsche-code.com/PHB76X76
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Wing Commander
Posts: 19871
Joined: Tue Oct 06, 2015 5:43 pm
Location: Wiltshire

Post by Wing Commander »

I'm not an IFA, but I do work in the financial services industry. As far as I can see, no advice has been given, so no harm done I think...
So long as people weigh up their options carefully & deal with professionals who make all the correct disclosures, everyone should be ok. No harm in sharing details of what might be a good deal for some... Thumbs Up
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 06/04/2018
F82JB
Posts: 7
Joined: Wed Jan 11, 2017 12:37 pm

Post by F82JB »


I'm not an IFA, but I do work in the financial services industry. As far as I can see, no advice has been given, so no harm done I think...
So long as people weigh up their options carefully & deal with professionals who make all the correct disclosures, everyone should be ok. No harm in sharing details of what might be a good deal for some... Thumbs Up


+1Thumbs Up
Current: 911 Turbo
Drcasio
Posts: 87
Joined: Mon Sep 12, 2016 6:46 pm

Post by Drcasio »

+1 for Clydesdale they are brilliant 4.2% achieved here. James was great
Macan GTS pick due 1st March (not long now)

http://www.porsche-code.com/PHC5T1T6
reidoo
Posts: 120
Joined: Wed Nov 30, 2016 7:09 pm

Post by reidoo »

yes,just confirmed 4.2%
Crawford
Posts: 90
Joined: Wed Oct 26, 2016 2:38 pm

Post by Crawford »

+2Smile
http://www.porsche-code.com/PHLKU4L5
MCDK
Posts: 2499
Joined: Wed Jan 20, 2016 8:54 pm

Post by MCDK »

Can't see why anyone would choose Porsche finance over Clydesdale. Yes the balloon isn't guaranteed but a Macan will hold decent value bar some massive disaster so that isn't really a factor.

Quite simply it's Porsche being greedy and capitalising on those too lazy to seek other options.
Bckjag
Posts: 77
Joined: Sat Jan 14, 2017 10:31 am

Post by Bckjag »

I was initially quoted 6.8% from Porsche on a Macan GTS. They reduced that to 5.8% after I'd send them proof of a better deal. I've just emailed James at Clydesdale to see what he can do. I'll let you know his offer when he gets back to me after the weekend Smile
Cayman GTS sold June 2016
Macan GTS collected 12th April 2017
http://www.porsche-code.com/PH59XT18
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