Porsche finance & lease rates 2023
#361
It is interesting to get some of the 'behind the curtains' F&I info from dealer folks who are 'in the know'. Pretty much confirms the old adage that the F&I person is just another salesperson.
When we picked up our 992 a few years back we brought our own financing - which their F&I person said was the last they would accept. Of course, he was more than a bit sour that we purchased nothing extra - no rim or key fob protection, no deferred maintenance, nothing.
Its not that we were special for saying no to any extras (am sure most Porsche buyers are the same), but what stood out was how rude the guy was in the process. Thankfully, every other part of the ordering & purchase experience was top notch.
When we picked up our 992 a few years back we brought our own financing - which their F&I person said was the last they would accept. Of course, he was more than a bit sour that we purchased nothing extra - no rim or key fob protection, no deferred maintenance, nothing.
Its not that we were special for saying no to any extras (am sure most Porsche buyers are the same), but what stood out was how rude the guy was in the process. Thankfully, every other part of the ordering & purchase experience was top notch.
#362
The F&I guy always bothered me. The salesman just spent his time going through the car and making a point about the reliability of the vehicle and then you sit in the finance office and this dude is scaring you into crazy repair costs based on unreliability of certain components.
For the most part here people grab the windshield and tire and wheel and leave the rest on the table. I haven’t lost on the windshield warranty yet with our roads and trucks, and wheel and tire I usually pick up a few new rears to close the gap and the rest is just insurance for bent wheels.
For the most part here people grab the windshield and tire and wheel and leave the rest on the table. I haven’t lost on the windshield warranty yet with our roads and trucks, and wheel and tire I usually pick up a few new rears to close the gap and the rest is just insurance for bent wheels.
#363
I'd rather just have a "spinner" that just signs paperwork like that guy mentioned to be honest.
The following users liked this post:
Budman1 (05-20-2024)
#364
Sorry I was not referring to our intelligence, nor anybody else', lots of smart people are around these days. But I do think that buyers of cars costing what ours do, $150,000-$350,000, tend to do more research on things like interest rates, extended warranties, gap, wheel protection etc. Again YMMV.
#365
I remember when I was buying a GTI a few years back, the Finance lady tried to tell me that the standard warranty covers parts but not the labor. I was shocked and challenged her on it asking a few questions and she immediately back pedaled. Crazy. She must try that with every buyer, hoping someone bites.
#366
Do I ? I do not. I'm actually on your side with this topic 100%. Between the hours involved, and the amount of work required day to day, F&I managers earn the money they make. Why do people have a problem with the money they earn?
The following 2 users liked this post by vladie22:
Motorin Mark (05-14-2024),
Patton250 (05-14-2024)
#367
It is interesting to get some of the 'behind the curtains' F&I info from dealer folks who are 'in the know'. Pretty much confirms the old adage that the F&I person is just another salesperson.
When we picked up our 992 a few years back we brought our own financing - which their F&I person said was the last they would accept. Of course, he was more than a bit sour that we purchased nothing extra - no rim or key fob protection, no deferred maintenance, nothing.
Its not that we were special for saying no to any extras (am sure most Porsche buyers are the same), but what stood out was how rude the guy was in the process. Thankfully, every other part of the ordering & purchase experience was top notch.
When we picked up our 992 a few years back we brought our own financing - which their F&I person said was the last they would accept. Of course, he was more than a bit sour that we purchased nothing extra - no rim or key fob protection, no deferred maintenance, nothing.
Its not that we were special for saying no to any extras (am sure most Porsche buyers are the same), but what stood out was how rude the guy was in the process. Thankfully, every other part of the ordering & purchase experience was top notch.
The following users liked this post:
Budman1 (05-20-2024)
#368
Budman, If you look at Q1 data from the "Big 6" public dealership groups, F&I income is approximately 25% of the total profit on new and used cars sold at retail. Porsche is a unique and small brand so that number is directionally correct for Porsche dealers. F&I income critical profit center for all auto dealers, and the vast majority of that profit comes from product sales, not facilitating financing.
The following users liked this post:
Tedster (05-14-2024)