Notices
991 GT3, GT3RS, GT2RS and 911R 2012-2019
Sponsored by:
Sponsored by:

Question on deposits

Thread Tools
 
Search this Thread
 
Old 10-22-2013, 08:12 PM
  #1  
Dave C4S Cab
Racer
Thread Starter
 
Dave C4S Cab's Avatar
 
Join Date: Dec 2003
Location: California
Posts: 426
Received 9 Likes on 5 Posts
Default Question on deposits

I have a chance on a 12/2013 build with a 3/14/2014 delivery, only question is they want a $15k deposit. I've ordered a few Porsches in the past(not from this dealer) and I've never put this much on a order before. I'm very tempted to go with it. Any thoughts ???
Old 10-22-2013, 08:16 PM
  #2  
scb997
Instructor
 
scb997's Avatar
 
Join Date: Nov 2010
Location: Baltimore, MD
Posts: 244
Likes: 0
Received 14 Likes on 9 Posts
Default

A 10% deposit is what my dealer wanted. Gee, I like the build slot you've been offered. A mid-March arrival would be perfect I just have a "2nd quarter 2014" slot...
Scott
Old 10-22-2013, 08:31 PM
  #3  
skuplist
Burning Brakes
 
skuplist's Avatar
 
Join Date: Jul 2013
Location: Houston, Texes
Posts: 793
Likes: 0
Received 3 Likes on 3 Posts
Default

My dealer only required a $5000 deposit but that was last spring and things have definitely tightened up since.
Old 10-22-2013, 08:47 PM
  #4  
Manifold
Rennlist Member
 
Manifold's Avatar
 
Join Date: May 2012
Location: Mid-Atlantic (on land, not in the middle of the ocean)
Posts: 12,933
Received 4,265 Likes on 2,434 Posts
Default

I only needed a $1,000 refundable deposit to hold a #3 spot.
Old 10-22-2013, 08:56 PM
  #5  
Nizer
Rennlist Member
 
Nizer's Avatar
 
Join Date: Feb 2006
Location: Wishing I Was At The Track
Posts: 13,600
Received 1,838 Likes on 954 Posts
Default

Best case, you're giving them an interest free loan. Worse case: ask yourself how you'd feel if they went bankrupt while you're waiting for your car?

I have never and would never put down more than $1k.
Old 10-22-2013, 09:14 PM
  #6  
Mike in CA
Race Director
 
Mike in CA's Avatar
 
Join Date: Jun 2001
Location: North Bay Area, CA
Posts: 11,969
Received 128 Likes on 67 Posts
Default

I put down a $1K deposit for a number #1 slot, but it was way back in March of 2012. Obviously your dealer is trying to weed out non-serious buyers.

OTOH, when my order actually went into the system in July a $10K deposit was required, which is not out of line with what I've paid when ordering previous Porsches. At this point, you're not paying for a waiting slot, you're placing an actual order with delivery inside of 6 months. If you're sure you want the car, under the circumstances $15K doesn't seem like it should be a deal breaker. Just my $.02.
Old 10-22-2013, 10:53 PM
  #7  
indianam3
Rennlist Member
 
indianam3's Avatar
 
Join Date: Jun 2010
Location: Indiana/NYC
Posts: 364
Received 58 Likes on 25 Posts
Default

Originally Posted by Mike in CA
I put down a $1K deposit for a number #1 slot, but it was way back in March of 2012. Obviously your dealer is trying to weed out non-serious buyers.

OTOH, when my order actually went into the system in July a $10K deposit was required, which is not out of line with what I've paid when ordering previous Porsches. At this point, you're not paying for a waiting slot, you're placing an actual order with delivery inside of 6 months. If you're sure you want the car, under the circumstances $15K doesn't seem like it should be a deal breaker. Just my $.02.



This is similar to my dealer experience. I have an excellent dealer, very straight shooter. 1000$ to hold your spot in line. Right now I have a spot reserved for the 2015 GT3RS, so they have 1000$. When the car is available and the order is placed in the system, 10k is due. Bought my current RS this way, it worked well.
Old 10-23-2013, 12:45 PM
  #8  
doubleurx
Rennlist Member
 
doubleurx's Avatar
 
Join Date: Feb 2006
Location: Truckee
Posts: 2,826
Likes: 0
Received 4 Likes on 4 Posts
Default

I was also asked to place 10% at the time of ordering. Doesn't seem unreasonable to me. I ask the same of my clients when I start a new project. It definitely weeds out the less serious folks.
Old 10-23-2013, 12:48 PM
  #9  
Nick
Rennlist Member
 
Nick's Avatar
 
Join Date: Jun 2001
Location: La Jolla
Posts: 3,742
Received 182 Likes on 87 Posts
Default

I put down $5000 to get on the list and did not pay anything to spec and place the car into the Porsche system once my allocation came through. Oddly, when I was buying Ferrari's I did not have to pay anything until I picked up the car.
Old 10-23-2013, 01:10 PM
  #10  
frayed
Race Car
 
frayed's Avatar
 
Join Date: Mar 2004
Posts: 3,972
Likes: 0
Received 0 Likes on 0 Posts
Default

I wouldn't have a problem with it, since the risk of loss of the 15k is low given that the build slot is just around the corner. If my dealer wanted 15k I'd be fine with it, though my slot is being held on a handshake as it was with the last couple cars.
Old 10-23-2013, 01:41 PM
  #11  
0Q991
Drifting
 
0Q991's Avatar
 
Join Date: Jul 2013
Location: SoCal
Posts: 2,743
Received 8 Likes on 5 Posts
Default

Zero to be on the list. $10K when I was given my allocation and locked in my spec / build.
Old 10-23-2013, 06:02 PM
  #12  
cingulus
Racer
 
cingulus's Avatar
 
Join Date: Oct 2013
Location: Socal
Posts: 342
Received 0 Likes on 0 Posts
Default

$2k refundable deposit for a spot on the list for mine.
Old 10-23-2013, 06:51 PM
  #13  
FastLaneTurbo
Burning Brakes
 
FastLaneTurbo's Avatar
 
Join Date: Apr 2012
Location: Port Orange, FL
Posts: 1,157
Received 91 Likes on 47 Posts
Default

I've generally put down $1,000 - $2,500 as deposits on Porsches. If the car is being ordered to your specifications, it would most likely be more difficult to resell to somebody else, and a larger down-payment is warranted. As long as you have your deal in writing to prevent any future misunderstandings, I would have no hesitation in giving any reasonable sum prior to delivery to any Porsche Dealer. With interest rates generally below 1%, neither you nor the dealer are making much money from a few months of interest.
As far as any Porsche Dealer "going bankrupt" those chances are as close to ZERO as you can get.
The Porsche Franchise is the most valuable of ALL the car franchises, and a long list of investors are
waiting in the wings for an opportunity to buy one. The Dealers are all well aware of that. They also know Porsche AG would not be pleased if the dealer did not fully support and stand behind any commitments made to their customers. If I'm dealing with any franchised Porsche Dealer, I simply do
not have the same concerns that I do with all the other New or Used car dealers. IMHO, they have far more reason not to trust us than we them. Just make certain to get the price and delivery nailed down in writing, and, with a used car, the condition and warranty terms. On new GT cars much in demand like the GT3, a precise date of delivery may not be possible, or may be changed by the factory, but you should know, in writing, exactly how many prior customers will receive their cars prior to yours to avoid anyone "outbidding" you for an early delivery slot.
Old 10-23-2013, 06:55 PM
  #14  
zedcat
Rennlist Member
 
zedcat's Avatar
 
Join Date: Apr 2008
Posts: 2,325
Received 368 Likes on 265 Posts
Default

2500 deposit to get on the list. have been repeatedly assurred I'll get a car, that the dealer has the allocations and one is assigned to me, but can't get firm timing yet. If I had entered the specs and had firm timing and paperwork all clear, then would not have a problem with +/- 10% payment at that point.
Old 10-23-2013, 07:23 PM
  #15  
mooty
GT3 player par excellence
Lifetime Rennlist
Member
 
mooty's Avatar
 
Join Date: Apr 2002
Location: san francisco
Posts: 43,393
Received 5,628 Likes on 2,313 Posts
Default

Originally Posted by indianam3
This is similar to my dealer experience. I have an excellent dealer, very straight shooter. 1000$ to hold your spot in line. Right now I have a spot reserved for the 2015 GT3RS, so they have 1000$. When the car is available and the order is placed in the system, 10k is due. Bought my current RS this way, it worked well.
my 3.8RS, zero deposit.
4.0RS $500.
991GT3: $1000
991RS: $1000
deposit amount was never increase at order or at production.

i will not give more deposit. deposits are refudnable, so i dont understand why dealer required them at all.

of course, if i ordered a car with PTS in puke, i understand it's a hardsell, then i will voluntarily put more deposit to put them at ease.

that said, if indiana's Zanzibar is for sale, pls PM me.
it's a strange color loathed by many, but the manly men understand it. i love it.


Quick Reply: Question on deposits



All times are GMT -3. The time now is 03:47 PM.