How does taking delivery work?
Advanced
Joined: Jun 2024
Posts: 51
Likes: 12
- If you are walking into the dealer without your financials figured out, you're doing it wrong. Get your pre-approval, loan, cash moved around, AmEx card ready, and/or whatever sorted out before you walk in.
- You're not paying for the car until it is sitting there. The darnedest and horrible things can happen before the car arrives on delivery day.
- Yes, you do it all in one session, which is especially easy if you have #1 sorted.
- Don't buy any of the things offered in "the box", skip maintenance, wheel and tire, windshield, extended warranty. You need none of those things.
- The car goes through PDI, pre-delivery inspection, where they do everything from removing the plastic to charging the battery. Having gone through PDI, it should look perfect when you walk around it. This isn't a Tesla where you'll be seeing obvious issues.
I once bought a car out from under someone, because they had trouble getting financing when the car arrived at the dealer. I swept in and offered cash. The customer who had ordered the car was in the dealer when they handed me the keys. Pretty awesome day for me as I got to skip months of waiting. Not such an awesome day for the person who didn't have their sh@# in order.
Additional Financing Thoughts
- I used to recommend a substantial deposit to get the financed amount below $100k. In the past, there were a lot more lenders and competition for auto loans under $100k. This seems to be changing with the rising costs of cars and inflation.
- Do NOT finance >60 months. I see more and more posts from folks doing 72, 84, 96 month loans. That interest adds up quick for those longer loan terms. If you can't swing the 48 or 60 month payment, you're really not going to be able to afford the proper upkeep and operation of these cars.
- There's no advantage to using PFS. I've heard folks go with a higher rate to be with PFS. That's dumb. Gets you nothing. There are better ways to win favor with your dealer than being a chump when it comes to financing.
- In the United States, do not lease a 911. There are better lease deals available on more exotic cars if "flexing" is your jam. Unlike BMW, Mercedes, etc, Porsche doesn't subsidize their leases. The payment on a 3 year lease for a 911 is often right in-line with a 60 month car loan.
Many many many rodeos with the scars and numerous broken ribs to show for it. I do miss the old instant gratification days of walking into a dealer and buying from inventory where I could just say "we're doing this... today".
Burning Brakes
Joined: Jul 2007
Posts: 1,033
Likes: 723
From: MidWest
If you are going to secure the finance yourself/your own financing deal and not buying the car through PFS (Porsche Financial Service), ask for the dealer to email you the car purchase agreement before picking up the car.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
Last edited by J Irwan; Aug 28, 2024 at 09:03 PM.
Pro
Joined: Jul 2024
Posts: 534
Likes: 216
From: GTA, Ontario
prepaid maintenance was already added on my purchase agreement
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
Advanced
Joined: Jun 2024
Posts: 51
Likes: 12
If you are going to secure the finance yourself/your own financing deal and not buying the car through PFS (Porsche Financial Service), ask for the dealer to email you the car purchase agreement before picking up the car.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
Advanced
Joined: Jun 2024
Posts: 51
Likes: 12
prepaid maintenance was already added on my purchase agreement
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
Advanced
Joined: Jun 2024
Posts: 51
Likes: 12
prepaid maintenance was already added on my purchase agreement
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
I had dropped off a check a week before the car was expected to arrive. some dealers now want the check/ bank draft to clear before giving you the car. too much fraud with fake checks.
on delivery day I signed some final paperwork, purchased some extra accessories from the parts department (frunk liner, extra bottle of oil, etc) and drive off
Advanced
Joined: Jun 2024
Posts: 51
Likes: 12
If you are going to secure the finance yourself/your own financing deal and not buying the car through PFS (Porsche Financial Service), ask for the dealer to email you the car purchase agreement before picking up the car.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
The purchase agreement will have everything, from the car price, ADM (only if your dealer do this), destination charges, any add-on, doc/title fee, misc and sales taxes.
That’s what i did, and i had PSMP (porsche pre-paid maintenance) that i elected to get in the purchase agreement.
On the delivery day, i just hand off the check and drive off. If there were any negotiation in the add-on price i recommend to do that before hand and get the Purchase Agreement finalized before the delivery day.
There is nothing more annoying than having to be put on the spot to choose they add-on the dealer trying to get you to buy.
And if at you change your mind at the last-minute on the add-on that you have declined (i.e. wheel-tire insurance) just put them on the credit card.
Having the Purchase Agreement exclude the add-on has its own advantage. On the delivery day i am 100% sure that the Finance Manager will try to persuade you on the add-on items, and this is where they will be more flexible on the pricing (you can negotiate). So if you already have the check made for the amount listed on the Purchase Agreement, then you can put the add-on on the credit card.
also, should I sign/pay BEFORE inspecting the car? I’m seeing other ppl say they paid before the car arrived at the dealership so that when it did arrive they could just go pick it up and leave. Please let me know your thoughts. Thanks!
Last edited by Hello14; Aug 30, 2024 at 05:04 AM.
Racer
Joined: Jun 2022
Posts: 480
Likes: 316
Walk in, watch them pull off the black cover thing and hope it isn't scratching the paint, go to finance office, write check, laugh at their stupid pitches for why I should get the extended warranty and all the other crap, decline it all, get keys, drive off.
Nordschleife Master
Joined: May 2021
Posts: 8,222
Likes: 6,889
From: Southern California and Nevada
@J Irwan I imagine the Porsche finance ppl don’t like it when you bring in your own financing. Do you think any add ons are worth getting? For instance, should I have them add front PPF and exo shield to windshield?
also, should I sign/pay BEFORE inspecting the car? I’m seeing other ppl say they paid before the car arrived at the dealership so that when it did arrive they could just go pick it up and leave. Please let me know your thoughts. Thanks!
also, should I sign/pay BEFORE inspecting the car? I’m seeing other ppl say they paid before the car arrived at the dealership so that when it did arrive they could just go pick it up and leave. Please let me know your thoughts. Thanks!
•Decline the extras as many here have already advised.
•Sign on the dotted line when the car arrives and you’re able to inspect it behorehand.
Is this the first time you’ve ever purchased something significant (…e.g. a car, a home, etc.)? Would you ever purchase a home without having a home inspection conducted beforehand? I feel like some of these questions are very rudimentary in nature.
Last edited by M3Inline6; Aug 30, 2024 at 07:07 AM.
Burning Brakes
Joined: Jul 2007
Posts: 1,033
Likes: 723
From: MidWest
I am told by Finance Manager, and the same also been said here by many other rennlister, that the dealer get some kick back from when we are financing from them.
The "Purchase Agreement" is to help you see the final total amount you're gonna pay (i..e if you have to cut the check when paying cash or check from financing, or if you gonna do wire-transfer).
My recommendation is to inspect the car before releasing the fund/handing over the check. I've heard some people come 2 days before pick up day to inspect then wire the money.
I brought cashier check on my delivery day, and I also gave them the contact info of the Branch Manager where I bank if they want to verify whether my "cashier check" is legit or not (but my dealer never call my Branch Manager).
On the money side in my recent experience they don't force you to go through their financing (PFS or other bank), as @M3Inline6 stated at the end the dealer will get paid either way. (but this could vary from dealers to dealers on how adamant are they wanting you to use PFS).
The way I see it, each dealership has some sort of "brownie point" with Porsche NA everytime they sell Porsche product .
That includes PFS (Porsche Financial Services) transaction, the maintenance plan: PSMP (Porsche Scheduled Maintenance Plan) or any of the Porsche Protection plan : VSP (Vehicle Service Plan), Windshield Protection, Key protection, Dent Protection, Wheel & Tires Protection plan.
I am told, between selling the car and these Porsche product this is how the dealer banking their "brownie point" to get better allocation from Porsche North America.
When I declined the aftermarket offering from my Local dealer (i.e. PPF and ceramic coating from the local vendor) they didn't even try to convince me, but they were trying to sell me Wheels & Tires Protection plan and even claimed they sell it at cost after quoting me lower price
.
The "Purchase Agreement" is to help you see the final total amount you're gonna pay (i..e if you have to cut the check when paying cash or check from financing, or if you gonna do wire-transfer).
My recommendation is to inspect the car before releasing the fund/handing over the check. I've heard some people come 2 days before pick up day to inspect then wire the money.
I brought cashier check on my delivery day, and I also gave them the contact info of the Branch Manager where I bank if they want to verify whether my "cashier check" is legit or not (but my dealer never call my Branch Manager).
On the money side in my recent experience they don't force you to go through their financing (PFS or other bank), as @M3Inline6 stated at the end the dealer will get paid either way. (but this could vary from dealers to dealers on how adamant are they wanting you to use PFS).
The way I see it, each dealership has some sort of "brownie point" with Porsche NA everytime they sell Porsche product .
That includes PFS (Porsche Financial Services) transaction, the maintenance plan: PSMP (Porsche Scheduled Maintenance Plan) or any of the Porsche Protection plan : VSP (Vehicle Service Plan), Windshield Protection, Key protection, Dent Protection, Wheel & Tires Protection plan.
I am told, between selling the car and these Porsche product this is how the dealer banking their "brownie point" to get better allocation from Porsche North America.
When I declined the aftermarket offering from my Local dealer (i.e. PPF and ceramic coating from the local vendor) they didn't even try to convince me, but they were trying to sell me Wheels & Tires Protection plan and even claimed they sell it at cost after quoting me lower price
.
Last edited by J Irwan; Aug 30, 2024 at 09:45 AM.
Instructor
Joined: Dec 2015
Posts: 110
Likes: 19
From: Tampa, FL
I very rarely buy any kind of extended warranty. But a while back we purchased a Camaro SS for my wife and I actually got the wheel and tire warranty for around $400 for 4 years. I think it had 19 inch wheels with run flat summer Goodyears. I knew that if it needed two tires or one wheel during that time, the warranty would be paid for. At the time we lived in an urban downtown area with construction happening constantly. We owned the car for about four years and during that time she had six tires replaced (no patching runflats, which I had to fight with the warranty company about) and several wheel repairs due to curbing. As has been mentioned by others, a bit of extra money to preserve marital/domestic harmony is well spent.
Pro
Joined: Jul 2024
Posts: 534
Likes: 216
From: GTA, Ontario
@718GTS4L so you paid for the car BEFORE inspecting it? I’m seeing others say don’t sign anything before you check out the car. What’s the right approach, or is it just personal preference?
the paperwork signing was done on delivery day when i got to inspect the car
Rennlist Member
Joined: Oct 2002
Posts: 5,237
Likes: 6,287
From: Fairfax County, Virginia
I'm picking up a new Cayenne in 2 weeks. I'll go this Monday to get the trade-in number for my 2021 Cayenne so we know what that will be.
I will review everything on Monday with the numbers, and get their routing number for a wire transfer.
This way I have 10 to 12 days to review everything at home without stress and emotion and decide if I am going to shop my trade around to Car Max, or Carvana, etc. When delivery day arrives everything is sorted and I can simply press the wire transfer button at the dealer.
I will review everything on Monday with the numbers, and get their routing number for a wire transfer.
This way I have 10 to 12 days to review everything at home without stress and emotion and decide if I am going to shop my trade around to Car Max, or Carvana, etc. When delivery day arrives everything is sorted and I can simply press the wire transfer button at the dealer.
Burning Brakes
Joined: Jul 2007
Posts: 1,033
Likes: 723
From: MidWest
I'm picking up a new Cayenne in 2 weeks. I'll go this Monday to get the trade-in number for my 2021 Cayenne so we know what that will be.
I will review everything on Monday with the numbers, and get their routing number for a wire transfer.
This way I have 10 to 12 days to review everything at home without stress and emotion and decide if I am going to shop my trade around to Car Max, or Carvana, etc. When delivery day arrives everything is sorted and I can simply press the wire transfer button at the dealer.
I will review everything on Monday with the numbers, and get their routing number for a wire transfer.
This way I have 10 to 12 days to review everything at home without stress and emotion and decide if I am going to shop my trade around to Car Max, or Carvana, etc. When delivery day arrives everything is sorted and I can simply press the wire transfer button at the dealer.
Rennlist Member
Joined: Oct 2002
Posts: 5,237
Likes: 6,287
From: Fairfax County, Virginia
Unfortunately not in Virginia, the most unfriendly car state in the nation. No sales tax credits on trade in, plus…..
4.15% sales tax on the purchase price.
and the stinger….4.57% of the value of the car as of Jen 1st, every year until the vehicle is 25 years old.
4.15% sales tax on the purchase price.
and the stinger….4.57% of the value of the car as of Jen 1st, every year until the vehicle is 25 years old.