Porsche PCP - Help !!!

Semerka · Post by **Semerka** » Sun Sep 15, 2019 9:35 am

Hehe, that developed quickly! [emoji2] [emoji1360]

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PaulR · Post by **PaulR** » Sun Sep 15, 2019 9:38 am

Congratulations on the order. You'll like the S. Didn't realise it was a six month wait. I'm absolutely gobsmacked though at a financial advisor buying a car on PCP, especially so near retirement!!!

Paul · Post by **Paul** » Sun Sep 15, 2019 10:03 am

Congrats, (and on the move from used to new)
Fully understand the PCP route from your previous posts but, as Wingco says, you’ve now got 6 months to source alternative providers (Clydsdale are a favorite on here)
Then, with the savings on the finance, we can help you spend the surplus on some more options.....

N111BJG · Post by **N111BJG** » Tue Sep 17, 2019 7:21 am

After lots of dithering I decided to take the PCP but paid maximum deposit of around £26k.
So I pay £185 a month to VWFS & £600 into savings account to top it up so can do the same again in 3 years.
If you can afford a Porsche, get it as soon as you can, you are a long time dead.

Jeffb · Post by **Jeffb** » Tue Sep 17, 2019 8:00 am

PaulR wrote: ↑Sun Sep 15, 2019 9:38 am Congratulations on the order. You'll like the S. Didn't realise it was a six month wait. I'm absolutely gobsmacked though at a financial advisor buying a car on PCP, especially so near retirement!!!

Hi Paul

I'm not retiring, just accessing my pension pot !

Jeffb · Post by **Jeffb** » Tue Sep 17, 2019 8:03 am

Paul wrote: ↑Sun Sep 15, 2019 10:03 am
Congrats, (and on the move from used to new)
Fully understand the PCP route from your previous posts but, as Wingco says, you’ve now got 6 months to source alternative providers (Clydsdale are a favorite on here)
Then, with the savings on the finance, we can help you spend the surplus on some more options.....

Hi again Paul,

Yup, going to shop around for the PCP. Porsche quoted 6.8% and I'm sure I can get better !!

Jeffb · Post by **Jeffb** » Tue Sep 17, 2019 8:15 am

Wing Commander wrote: ↑Sun Sep 15, 2019 8:36 am
Jeffb wrote: ↑Sun Sep 15, 2019 7:35 am Loving the comments !!

Financial Advisers do have hearts I promise !!

I went away and had a good old think and here’s what I’ve done........Just ordered a new Macan 3 litre petrol, it’s going to take 6 months to arrive so fit’s in perfectly. Scrapped the idea of using some tax free cash from the pension and went with PCP over 4 years where I can just hand it back or buy it....or go electric !

The comments on here have really helped, you do seem like a nice bunch !!

Best Wishes

Jeff
Wow! And I thought that I was impulsive!

Congrats on the Macan S order!

Can you give us an idea of the provisional spec you’ve ordered? We’d love to offer our views!

I hope that Porsche gave you a good deal on the PCP. Quite a few of us have gone with Clydesdale for a lower APR, albeit hire purchase (with a balloon) as opposed to PCP.

Cheers,

Hi Simon,

Volcano Grey Metallic
Black leather package with partial leather seats
Panoramic roof system
Side window trims in black (high-gloss)
‘PORSCHE’ logo and model designation painted in matt black
Porsche Doppelkupplung (PDK)
Porsche Active Suspension Management (PASM)
Sports tailpipes in black
21-Inch RS Spyder Design Wheels (Blimey, expensive) !!!
ParkAssist (front and rear) including reversing camera
Adaptive Sports seats in front (18-way, electric) with memory package - still not sure if the 14 way comfort seats are the better option.
Seat heating (front)
BOSE® Surround Sound System

Going to shop around for the PCP, the rate from Porsche is 6.8%.

Best Wishes

Jeff

Jeffb · Post by **Jeffb** » Tue Sep 17, 2019 8:18 am

Thanks for all the comments folks, this has helped immensely. Now I just need to scratch the dates off the calendar for 6 months !!

Anything else I should be thinking about ? I have a dog (Cockapoo) that'll go in the back so I need to source a dog guard.

Cheers

Jeff

NSinc · Post by **NSinc** » Tue Sep 17, 2019 8:58 am

Interested to hear everyone's thoughts on PCP actually. I looked at Clydesdale at 4.8% but am planning to go with Porsche's PCP at 6.8% as it seems to make more sense to me. (Pick the car up end of Oct).

My OPC gave me a £1500 discount based on me taking the VWFS product, so it makes the total payable using the Porsche PCP product around £600-£700 more over the term, than using someone else.

Now all the firms like clydesale and prestige who were offering finance, were giving me a final balloon of max 27-28kk (on a Macan S) Porsche are giving me circa 32k if i remember rightly.

So the monthlies are actually less using VWFS, and i feel more protected with the larger GFV, and like the thought of it being with VWFS as opposed to some private credit company. For me i'm really not bothered in the slightest about an extra few hundred quid over 3 years. I'm going to lose over 30k in 3 years on this car as it is.

Am i missing something obvious in my calculations here? Or is it just that some people are more bothered than me about getting the absolute best deal possible to them?

Paul · Post by **Paul** » Tue Sep 17, 2019 9:27 am

That’s a very fair point; there comes a time when chasing your tail for a few hundred quid just isn’t worth it for some people.
The higher residual from Porsche actually contributes to their higher APR as the sum borrowed stays higher over the term.

Porsche PCP - Help !!!

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