Porsche Financial "First Mile Loyalty" Program
05-16-2009, 11:21 PM
#31
Racer
Join Date: Jan 2005
Location: San Francisco, CA
Posts: 433
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number9ine, i agree with every single thing you said.
btw, is the 2.9% on purchases and leases, or just purchases? if it's also available on leases, then i'm kind of pissed off at my salesperson. for all the reason already mentioned - transparency. am i annoyed paying 3.9%, objectively? no. but if 2.9% was available and i simply wasn't told, then i'm not completely turned off and won't be shopping at the same dealership again, even if, subjectively, i was happy with the deal at the time. transparency is everything.
btw, is the 2.9% on purchases and leases, or just purchases? if it's also available on leases, then i'm kind of pissed off at my salesperson. for all the reason already mentioned - transparency. am i annoyed paying 3.9%, objectively? no. but if 2.9% was available and i simply wasn't told, then i'm not completely turned off and won't be shopping at the same dealership again, even if, subjectively, i was happy with the deal at the time. transparency is everything.
05-16-2009, 11:27 PM
#33
ds2k1, two area dealers have told me to my face that they add a half point to the buy rate and will not EVER give the buy rate. This was after i told them that i already knew they were padding the rate. I hope you were at least given a discounted sale price of more than 10%.
05-17-2009, 02:30 AM
#34
Can I ask what the 15K was in terms of a % discount. I have been offered 8% on a C2S and when I pointed out the 6K incentive they said that's why they offered 8% off which is more than 6K.This is a good month to buy since I don't think the dealers know or are assuming that the June rates/incentives will be the same.
05-17-2009, 08:25 AM
#35
I am buying by the end of this month. I got a very good discount, 9% and getting a car off my hands that I don't care to drive. The finance rate is 3.9%. The 6 k rebate is if you don't use PFS. Since Porsche is cutting back 2010 production, those 09's will be an increasingly valuable commodity to the dealers and they may start lowering the discounts. We tried the scenario, wait a few months for ordering a 2010, get about 3% off, etc. I am getting a 1 of 1 car, no other like it and that's something special added to me. Just my 2 cents!!!!
05-17-2009, 02:52 PM
#36
ds2k1, two area dealers have told me to my face that they add a half point to the buy rate and will not EVER give the buy rate. This was after i told them that i already knew they were padding the rate. I hope you were at least given a discounted sale price of more than 10%.
The buy rate for the lease/retail installment sale contract should not matter on bit to the buyer. I could care less, if I'm getting the rate I want which here would be the 2.9% or 1.9% rate.
If they let you walk over the finance charge markup, so be it. More times than not, you'll get your deal especially on something like this where the rates are coming from PFC.
