max35111
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Hi everyone, I’ve paid a deposit on a Cayenne and I’m waiting on the massage seats before locking in a build slot. Exciting times.
I was interested in a PCP to lock in a worst-case residual value after 3 years, so I asked the dealer for a sample PCP contract. What he sent me is actually called a Hire Purchase agreement with an option to purchase.
I asked my salesman about it and he says that’s the only way Porsche does PCP. Can anyone confirm?
had some follow-up questions for him and his answers were fairly vague, so I thought I’d ask here in case any of you have first-hand experience. Here they are:
1. The contract limits driving in Europe to 60 days. I need more than that — can it be extended to 90?
2. How is fair wear and tear defined? Excessive wear and tear can contractually give the lender the option to refuse to take the car back at the agreed balloon.
3. On early repayment, I’d want to be the one deciding whether it reduces the monthly payment or the number of payments, rather than the lender, which is what the contract currently says.
4. The guaranteed balloon is void if the mileage is exceeded at all, meaning I could lose it over a single excess mile.
I was interested in a PCP to lock in a worst-case residual value after 3 years, so I asked the dealer for a sample PCP contract. What he sent me is actually called a Hire Purchase agreement with an option to purchase.
I asked my salesman about it and he says that’s the only way Porsche does PCP. Can anyone confirm?
had some follow-up questions for him and his answers were fairly vague, so I thought I’d ask here in case any of you have first-hand experience. Here they are:
1. The contract limits driving in Europe to 60 days. I need more than that — can it be extended to 90?
2. How is fair wear and tear defined? Excessive wear and tear can contractually give the lender the option to refuse to take the car back at the agreed balloon.
3. On early repayment, I’d want to be the one deciding whether it reduces the monthly payment or the number of payments, rather than the lender, which is what the contract currently says.
4. The guaranteed balloon is void if the mileage is exceeded at all, meaning I could lose it over a single excess mile.
