Porsche Finance UK

[CALLAWISH]

I'll try my best

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[Bobzilla]

Yeah I would definitely look elsewhere or cancel.... just wondering if it's just me or everyone else is having their rate revised as of 1st Jan.....

I've been told it's everyone, including me.

 

[Deleted member 7514]

The manager at my dealer indicated it was going up to 11.9% !!

 

[W1NGE]

The manager at my dealer indicated it was going up to 11.9% !!

Nice way to falsify market control to smooth out production challenges and deliveries...if I were of a cynical mind.

 

[old seadog]

The manager at my dealer indicated it was going up to 11.9% !!

Get dealer to lock in quote at present rate, they hold at that for 90 days, if your delivery is coming in that time.

 

[Justy182]

I have tried Oracle a number of months ago and they were similar with Porsche Finance. Wonder how they would measure up now. Anyone had a recent quote from another lender?

 

[smartymarti]

Santander on Thursday was 9.4%

 

[Jr84]

Hi, new to this site. Had my GTS on order since Jan 22. Due for production now, was orginally due back end of last year. APR rate was 6.2% at time of order, Fixed and approved in June at 6.9%. Now its gone to 10.8%. It added about £350 a month and £15k to cost of borrowing.

 

[MrBlueSky]

Hi, new to this site. Had my GTS on order since Jan 22. Due for production now, was orginally due back end of last year. APR rate was 6.2% at time of order, Fixed and approved in June at 6.9%. Now its gone to 10.8%. It added about £350 a month and £15k to cost of borrowing.

Welcome to here.

You'll see from this thread that word of the increase started to come out just before Christmas. That's a pretty hefty monthly hike you're being hit for sadly. Out of interest, how were you informed? Email from Porsche or did your SA get in touch?

 

[Jr84]

Welcome to here.

You'll see from this thread that word of the increase started to come out just before Christmas. That's a pretty hefty monthly hike you're being hit for sadly. Out of interest, how were you informed? Email from Porsche or did your SA get in touch?

By chance as i went to the dealership over the new year to pick up a friends car and it come up in conversation, then my salesman looked into for me and confirmed yesterday. Appreciate the dealers are the middlemen.

 

[MrBlueSky]

By chance as i went to the dealership over the new year to pick up a friends car and it come up in conversation, then my salesman looked into for me and confirmed yesterday. Appreciate the dealers are the middlemen.

Yep - appears that way.

I struggle to understand how Porsche think it's acceptable to (not) communicate in this way? There's going to be quite a few pretty pi$$ed off customers when the time comes to finalise things and they get told the bad news. ?‍

 

[Jr84]

Yep - appears that way.

I struggle to understand how Porsche think it's acceptable to (not) communicate in this way? There's going to be quite a few pretty pi$$ed off customers when the time comes to finalise things and they get told the bad news. ?‍

Agree. i feel this is a push to far plus the cost of the car has increased to. The benefit of an electric car isn't there now for me. Wondering if people have cancelled are deposits refunded?

 

[MrBlueSky]

Agree. i feel this is a push to far plus the cost of the car has increased to. The benefit of an electric car isn't there now for me. Wondering if people have cancelled are deposits refunded?

If the build hasn't reached lock-in then, the deposit is refundable. That's my understanding.

 

[Jr84]

If the build hasn't reached lock-in then, the deposit is refundable. That's my understanding.

i have gone past that by a few months, but the goal posts have been moved since then

 

[MrBlueSky]

Ah. In that case, I would have a chat with your SA and see if there's anything they can/will do. Also, check the small print and see where you stand in terms of cancelling as a result of a rate rise. I suspect Porsche will have it covered.....in their favour alas.

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