Porsche PCP deals
Discussion
Dealers appear to be pushing hard on these, no doubt due to incentives from GB.
What if I were to accept either:
1. A backloaded 24 month PCP deal, with 20% upfront, or
2. A front-loaded 18 month HP deal, with a much smaller amount of credit, on a GT car, and then pay it all off after 1 month, including the final balloon?
In each case the APR is 9.9%, with the HP deal obviously resulting in a smaller total cost
.
Would they (or the finance company) penalise for early settlement and loss of interest?
I would not be too worried about forfeiting future allocations, as this would likely be a final, last hurrah for me, car wise!
TIA
What if I were to accept either:
1. A backloaded 24 month PCP deal, with 20% upfront, or
2. A front-loaded 18 month HP deal, with a much smaller amount of credit, on a GT car, and then pay it all off after 1 month, including the final balloon?
In each case the APR is 9.9%, with the HP deal obviously resulting in a smaller total cost
.
Would they (or the finance company) penalise for early settlement and loss of interest?
I would not be too worried about forfeiting future allocations, as this would likely be a final, last hurrah for me, car wise!
TIA
Edited by Tony B2 on Thursday 3rd July 16:33
Ed.Neumann said:
Tony B2 said:
Dealers appear to be pushing hard on these, no doubt due to incentives from GB.
1. A backloaded 24 month PCP deal
2. A front-loaded 18 month HP deal
Sorry, what does that mean exactly?1. A backloaded 24 month PCP deal
2. A front-loaded 18 month HP deal
- Front-loaded = large deposit (£130k) up front, with much smaller credit amount paid over the balance of the 18 month deal - total cost, a lot less
The allocation is subject to using finance, whereas I could pay the full sum in cash.
So, of the 2, to me the HP deal is much more attractive, but what if I don't want to pay any interest?
Would early settlement result in penalties?
I have not see the full contracts yet.
timbo999 said:
I assumed a small deposit and big balloon for the PCP (ie. A normal PCP) but he then says a 20% deposit??
I assumed HP with a big deposit but then talks about paying off a balloon which would be unusual for HP
Confused I m out.
Yes - the PCP deal has a 20% deposit, and a whopping great balloon at the endI assumed HP with a big deposit but then talks about paying off a balloon which would be unusual for HP
Confused I m out.
Yes - the HP deal has a big deposit with no balloon.
I mis-edited my post, and the "balloon" bounced onto the wrong line.
So...you're not so confused...;-)
stichill99 said:
Just buy it and then cancel the finance! I know people who have done it,dealer wont be happy but tough titty on them!
It is possible to be upfront with the dealership. Sometimes they just need you to keep the finance for a few days for them to receive their commissionGassing Station | Porsche General | Top of Page | What's New | My Stuff