My Cayman S will be ready for collection on 1st March and I am looking at different options to finance it. Ideally I want to go with Porche's finance but think I am getting ripped off a bit. Anyone had any luck with haggling their rate down without upping the baloon payment?

Price of car - £48,660
Deposit - £14K
3 year deal @ £502 / month
Baloon payment of - £24,330

Could do with any help or tips guys as this is my first time of purchasing a car of this type / value so am a bit green and don't want to have my pants tugged down!!

I got Porsche Finance from Hatfield OPC...

Total Car cost: £53000
Deposit: £5000
Total Finance amount: £48000
APR 5.9% fixed
Duration 3 yrs (no balloon)-- wanted to own the car outright.

Cool deal thinking abt it now, as our Bank of England rates has gone up recently...But needed to haggle and pitch private finance companies quotes a lot, to get that rate...well worth the trouble....Good luck.

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It's worth remembering that the dealer makes money out of selling the finance. When I ordered, I didn't want the finance yet the dealer became very persuasive and reduced the interest rate several times to come up with a deal. Any deal for them is extra profit on your sale. Clearly there’s a limit to which they’ll go, but I didn’t pay any attention to what that was (sorry).

Sam

My experience is that the Porsche finance on offer, is a little like the cost of the car or accessories. Not very negotiable. A bit take it or leave it. But if you can better it....go that way...it's not the worst

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allan@motordrive.com

Interesting. Need more input people, I'm in the same boat.

I've bought 3 Porsche's on P. Finance in last 12 months. Contrary to popular belief there is room to negotiate - more on used dem cars than new. Also more flexible if you have no car to trade. I tend to negotiate at month end when they are desperate to hit their targets. Make sure you screw down atleast 3 offers from different dealers. You would be surprised at the difference. Bear in mind that they can 'see' if you have formal written offers and what the offers actually through calling Porsche finance. Take no prisoners! I managed to get good deals on all 3 cars - but ex-dem cars will be cheaper for sure...

I always go through a broker but also get some market prices at the same time, making sure his competetive. I managed a pretty tremendous 4.9..% for mine, just scraping under a Porsche special offer at the time.

If you want my brokers details, let me know.

Dan

One other thing - don't think you have any loyalty to your local P dealer - it's not as if they done a deal on the car??!

Details of your broker would be much appreciated Dans.

Thanks,
James.

My OPC would not haggle at all on finance.

I went with my bank in the end, they had been trying to get me to take a loan for years and I managed to get one from them at a full 3.5% below the APR that Porsche were offering.

Bob

www.classicandsportsfinance.com

Speak to this lot, tell them the recent buyer of a white Cayman reccomended them. Their scheme is much more flexible than Porsche's and rates very competitive. They're also a nice friendly bunch, who will even 'pop down' from Oxford to Staines so you can sign a document...

SS7

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Carrara white pauper's 2.7
Snickers wrapper in the door bin
Flies on the number plate
Church's scuffs on the kickplate
'Goodwood' umbrella in the back

I had 3 quotes from Porsche finance when I got my CS started at 3.5% above BOE base rate, got down to 2% above BOE base rate.
Eventually went with a deal via a broker at 1% above BOE base rate and much better terms