Compensation
04-11-2014, 09:40 AM
#751
Race Director
TomTom77 -Appreciate all what you have shared. Do you believe that Porsche had no intention on those that have received their car to roll the warranty back to when they receive the new engine? For instance, for those in the US every one would get an equal 5 years and those that received their cars would not get screwed
04-11-2014, 09:56 AM
#752
TomTom77 -Appreciate all what you have shared. Do you believe that Porsche had no intention on those that have received their car to roll the warranty back to when they receive the new engine? For instance, for those in the US every one would get an equal 5 years and those that received their cars would not get screwed
04-11-2014, 09:56 AM
#753
Track Day
With the start of another day I will await a call from Porsche. At the suggestion of my dealer I called the concierge two days ago. Received a recorded message and left a message. No response yet. I am not holding my breath. My car has been on the dock in San Diego for six weeks. My dealer has been great but they possess no more information than we have. The problem with Porsche comes from the very top of the organization. I believe they have been preoccupied with the launch and delay of production of the baby SUV (they plan for 50,000 units of that car this year). The long time Porsche owners and GT3 buyers are brand ambassadors. At least we used to be. Now the focus is on soccer moms.
04-11-2014, 09:59 AM
#754
With the start of another day I will await a call from Porsche. At the suggestion of my dealer I called the concierge two days ago. Received a recorded message and left a message. No response yet. I am not holding my breath. My car has been on the dock in San Diego for six weeks. My dealer has been great but they possess no more information than we have. The problem with Porsche comes from the very top of the organization. I believe they have been preoccupied with the launch and delay of production of the baby SUV (they plan for 50,000 units of that car this year). The long time Porsche owners and GT3 buyers are brand ambassadors. At least we used to be. Now the focus is on soccer moms.
The folks on the East Coast and Houston are in even worse positions, with cars sitting there since early to mid February and exposed to far worse elements.
These cars will not be delivered in the condition that would be typical of a factory ordered new Porsche. And this is something we should address with our reps.
04-11-2014, 10:03 AM
#755
Rennlist Member
Hi TomTom, you really have been great and I really appreciate all the support and that you are really standing with us. God bless you.... By the way I did not really mean you in particular regarding the bitching or complaining and I do apologize for the comment. It is just a general rule in the Middle East about who screams the loudest gets usually their way, and if you have been living in the Middle East you would understand what I mean.
As to the bank I use, it is DIB (Dubai Islamic Bank), their bonds rates I believe is currently set at 5.3%, and last year I was able to lock my money at 6.5% compared to 0.5% here in the States even for deposits exceeding a million dollars. DIB has been the best bank performer for past 5 years. I was skeptical at first until I saw their excellent performance. See below link for article on this bank.
Again thank you so much.......Mark
http://www.bloomberg.com/news/2013-0...ield-hunt.html
As to the bank I use, it is DIB (Dubai Islamic Bank), their bonds rates I believe is currently set at 5.3%, and last year I was able to lock my money at 6.5% compared to 0.5% here in the States even for deposits exceeding a million dollars. DIB has been the best bank performer for past 5 years. I was skeptical at first until I saw their excellent performance. See below link for article on this bank.
Again thank you so much.......Mark
http://www.bloomberg.com/news/2013-0...ield-hunt.html
04-11-2014, 10:11 AM
#756
Rennlist Member
I agree. I think by law the warranty has to start at purchase date, which means PCNA can instead give owners who took possession of their cars, 18 months warranty extension rather than 12 months for people who yet to receive their cars. That would probably be the most logical solution. Mark
04-11-2014, 10:13 AM
#757
Rennlist Member
04-11-2014, 10:16 AM
#758
Rennlist Member
I am with you, literally. Our cars are just sitting there, exposed.
The folks on the East Coast and Houston are in even worse positions, with cars sitting there since early to mid February and exposed to far worse elements.
These cars will not be delivered in the condition that would be typical of a factory ordered new Porsche. And this is something we should address with our reps.
The folks on the East Coast and Houston are in even worse positions, with cars sitting there since early to mid February and exposed to far worse elements.
These cars will not be delivered in the condition that would be typical of a factory ordered new Porsche. And this is something we should address with our reps.
04-11-2014, 10:21 AM
#759
Race Director
^Well then this is not negotiable. All people who have their cars can not be treated unfairly. My car is at the port and supposedly I will now have a 5 year warranty. Wish it was 6 though but it is what it is and I do not have the leverage you all have. I hope you all get 18 months to 2 years added which I bet they will concede. I am trying to stay positive but every one should be treated fairly. This is the one area that need to be watched closely
04-11-2014, 10:23 AM
#760
04-11-2014, 10:27 AM
#761
Race Director
OQ991 -My car is at the Port in Rhode Island and sitting out there bothers me more than the engine replacement. I did speak to my dealership about this. They did convey that my car will be delivered like any other new car. I was reassured it would be detailed ect. This I do believe. I do not for one instance think they are going to try to title me a car that looks like crap. I will not have it titled until I feel that I am satisfied with the presentation
04-11-2014, 10:27 AM
#762
Rennlist Member
By the way, the car I ordered has been sitting at the Port of Houston since February 11th, but my dealer has confirmed that it is being stored indoors.
04-11-2014, 10:44 AM
#763
Rennlist Member
I know this because mine is in for it's 4yr major and a corrosion inspection was one of the items needing to be done
04-11-2014, 10:47 AM
#764
TomTom77 -Appreciate all what you have shared. Do you believe that Porsche had no intention on those that have received their car to roll the warranty back to when they receive the new engine? For instance, for those in the US every one would get an equal 5 years and those that received their cars would not get screwed
I guess we'll never know for sure. I do know that within 48 hours of me starting the intensive discussion on the 1 vs. 2 years extended warranty, it was resolved.
So, knowing Porsche's (PAG) 'speed' in decision making so far, everybody can draw their own conclusion. I would be very proud if it was my doing, but I'm afraid I struggle to even convince myself of that... unless it was decided between the dealer and regional office only.
But still, guys, if they did it here, they should do it everywhere! Hold on to that!
04-11-2014, 11:46 AM
#765
Drifting
Hi Silver
Although I do understand where you are coming from on this but I have to point out that people who are financing this car are now paying money to the bank every month to drive a car they can't drive, and not counting the high insurance some pay for cars like this. So there is an actual money implication to people who have taken possession of the car. Even for the people who have paid cash like myself and Mike, we could be using the money to invest in Stocks or earn interest somewhere. Remember I have a branch office for my US company in Dubai and banks there, unlike the US pay extremely high interest rates on large sums of money sitting in the bank. So there has to be an additional compensation for people who have actually made full financial commitments to Porsche, and have car payments & insurance premiums to pay. I think thats what Mike is talking about.
Aside from that the rest should be the same, although I feel you guys should have an additional compensation to account for your cars sitting at ports exposed to nasty environment, and that can be done by offering you additional discounts or perhaps 3 additional years of corrosion warranty & perhaps even paint warranty as well. Just to be fair. Mark
Although I do understand where you are coming from on this but I have to point out that people who are financing this car are now paying money to the bank every month to drive a car they can't drive, and not counting the high insurance some pay for cars like this. So there is an actual money implication to people who have taken possession of the car. Even for the people who have paid cash like myself and Mike, we could be using the money to invest in Stocks or earn interest somewhere. Remember I have a branch office for my US company in Dubai and banks there, unlike the US pay extremely high interest rates on large sums of money sitting in the bank. So there has to be an additional compensation for people who have actually made full financial commitments to Porsche, and have car payments & insurance premiums to pay. I think thats what Mike is talking about.
Aside from that the rest should be the same, although I feel you guys should have an additional compensation to account for your cars sitting at ports exposed to nasty environment, and that can be done by offering you additional discounts or perhaps 3 additional years of corrosion warranty & perhaps even paint warranty as well. Just to be fair. Mark
"All this compensation talk.....I just want to drive my car. I'm tired of driving the Cayenne around. At least they are paying my car payments until the new engine is put back in"