GuardsRed992

I ordered a Base 992 with lots of options for a CASH deal. I signed a contract and even signed a Right of First Refusal agreement promising I wouldn't sell my Porsche within 12 months and give them ROFR for 24 months...all this for a BASE 911. The Dealer said I have an allocation for next year. Now the dealer says Porsche Canada is forcing all first time buyers to Lease a car instead of buying because they are affraid of car flipping. Not sure if this is for all models or just 911s.

First of all, I signed a contract and put in a $2K deposit and was about to put in an additional $8K deposit since my allocation was given. (I had not yet done so)
Second, I an not sure if I want to lease a car; especially when it is a depreciating asset and I have the money to pay for it. My worry is they will even somehow make the lease agreement such that I have no option but to give the car back rather than buying it out at the end of the lease.
Third, I've waited years to get a 911...now that I can and have allocation, they change the rules to a lease. This has put a very bad taste in my mouth and not sure why I would buy from them. If they can't resolve, I'll go to another dealer or wait 12-18 months and buy used when apparently there may be a flood of cars hitting the market.

Has anyone had a similar experience anywhere?
Not sure if this is a corporate policy or just that dealership...anyone know?

Thanks

Onami

Send an email to Porsche Canada via their website and explain the issue and ask if the story is true. It sounds like a dealer requirement to me rather than Porsche.

GuardsRed992

Thanks, I just called another dealer and they said it sounds like a dealer requirement. I've asked my sales rep I want to speak with the manager. So I am waiting on that.

bobblehead

which dealer is this ?

pitt911

that sounds like a dealer BS.

Drew46

They have already addressed the flippin’ flipping issue by requiring you to sign a ROFR.

KLOC

Sounds like your dealer is anticipating a shortage of 911’s in the future and resting their sales model on lease returns.
Talk with the dealer principle and if that doesn’t work call Porsche Canada and escalate.

DNSGT3

Right of First Refusal plus a $100 car loan should be enough to avoid flipping.
Do they force you to lease through Porsche Financial or some leasing company?

GuardsRed992

Thanks everyone

Update: I spoke to another sales manager at another Porsche dealership, they too said there is no policy from Porsche Canada and sounds like the dealer policy. He mentioned that the dealers can pretty much do anything.

The sales manager at my dealership callled me and I will have a sit down with him later today. This is the first new car I've ever bought in my life, I was hoping the Porsche sales experience would be a comfortable and straight forward one. Hoping he can resolve and we are back per my original signed deal.

Onami

Good luck...hope it works out for you!

I spoke to Porsche Canada 2 weeks ago about the Right of First Refusal agreements that some dealers are asking buyers to sign and they told me that it was not a corporate directive, but the dealers are free to set whatever terms they like with respect to selling the cars and the associated agreements.

GuardsRed992

Thanks, I did sign that and had no problem since I plan on keeping the car for decades. I don't flip let alone sell cars, my first car was donated just 2 years ago and had to be towed away. I drive cars to the ground...fortunatley 911 are so well built, it may out last me :-)

Michigan 992

If you have a signed agreement to purchase the car at a defined price and set of terms then you have a lot of leverage as long as you are telling them that you just want to execute the agreement at those defined terms. If they want to breach it, then there are a lot of options in how to deal with them or what you are going to financially want from them to be bought out of the agreement. Good luck.

bobblehead

^ exactly. OP, you can always go file a complaint with OMVIC. No dealer is stupid enough to risk their business license or hefty fine over this abuse of selling tactics.

yrralis1

I bolded the outright lie . I would contact an attorney . You have a signed contract . Have him or her advise . They lost your respect and they dont deserve a cent of your business .

GuardsRed992

Thanks, I was considering that. But I'm hoping a discussion with the sales manager will clear up if this is a "misunderstanding"