The only banks with a fee I have dealt with are all subprime. And if they bring a blank check, we can set up autopay and they can pay it off anytime without penalty. It really is not that big of a deal for 90% of buyers where it costs a deal. Most of my clients own their own business and would rather have $100k in liquidity or working in the market than tied into an asset that depreciates.
Exporters don’t want in the door. Everything is remote and via email/phone or via a proxy. I have had local exporters and others call from both coasts. I am sure they prefer somewhere closer to a port, but paying $750 to ship a car isn’t a huge costs when the can sell it for 2x-5x the MSRP overseas.
But anyone east of the Mississippi should buy one today. A ship carrying Porsches and I assume other VW Group cars to Rhode Island caught on fire. No word on the damages yet, but the crew is being evacuated. I have a feeling that it will be easier for insurance to write off 6000 cars at once than going one by one and assessing damage.
Interesting, I did not realize. I had assumed, similar to a lease, when VW or TFS or whatever captive bank Subaru and Mazda use that there was a fee for financing. Have not bought (as opposed to leased) a car in years, now considering it due to ridiculous lease rates. Anyone I have helped actually buy a car bought it outright in the last 10 years and got a nice deal but that was when there was a glut
I have seen Capital One or Santander have an origination fee for subprime loans, but I haven’t seen a captive bank have one for financing since it is mostly prime loans.
How does requiring financing discourage flipping? I would think most people interested in flipping would be doing just that. Does Porsche have some kind of weird early payoff penalty?
No weird payoff penalty but it is harder to flip since if you sell it private party, you need a title to transfer ownership. Also, most banks requires us to collect sales tax and registration. Someone paying cash can take the MSO and flip it without paying tax.
not to thread hijack, but is buying a 2022 Macan S at MSRP a good deal as a “tie” over vehicle. So the assumption is that the vehicle will retain a relatively high value over 3 years of usage (maybe 2). So 83k unit will be worth 60k after 2 years. Im thinking of doing that and then when leasing gets more “affordable”, ill jump back on that bandwagon then.
I was thinking the same thing but Macan S are hard to come by, I asked about a Cayenne e hybrid, the soonest delivery date would be July. Of course you have to worry about diminishing value if car get into accident.
I was thinking to do the same but I test drove a 2021 Macan S and wasn’t impressed at all. For 80K I expected a lot more. If good value is your number 1 priority get an RX 350.
I have sourced a few at msrp but 83k plus sales tax is a good chunk of change especially if I’m not sure if I’ll love it. Or if the value drops more than expected in the next couple of years.
Value plus some fun of course. Otherwise I’d just get a Honda CR-V
This is a 2022 macan S, which has some noteable changes, th e biggest one is that it inherits the GTS’s engine. So 375 hp
I was more referring to residual value. And as far as my research goes Porsche retains the most value over time. So the effective cost of ownership for a 83k macan over 3 years is probably closer to a 67k mdx
That being said. My other vehicle of choice happens to be a Toyota suv
Porsche Macans and Cayennes may have good residual performance, but they still depreciate a lot and are not value propositions. Porsche doesn’t aim for value, it’s not their bag.
I’d say get the Macan if you can afford it and you like, otherwise just get something else. This is definitely an emotional buy, not a logical one.
I would keep it max of 3 years so maintenance should be very little. Plus I only put on about 6000 miles year. That said, these depreciation numbers don’t look right . I can’t imagine a MDX depreciating less than the macan. You’re right though. I am looking at some ways to justify this car. I have a 2018 GLS 450 right now, and got a great deal on a lease. I bought it out, and am looking to sell it while the market is hot. It’s not a fun car to drive at all, so I’m looking for something with some more oomph.
Like most of the hackers in here, I’m looking to optimize my money, with a tilt on luxury/performance. If it were a pure value play, I would just get a honda, but i’m willing to spend a little more, and a good “deal” would certainly help justify paying more. I’m trying to min max right now by getting into a car that is a good deal AND has high resale - at the same time, I want to sell the GLS while it can still fetch top dollar. I just so happened to find a macan S for MSRP so thats why I was wondering if it was worth it, or if it can be had below MSRP.
My other choice is a 4runner TRD pro, which is impossible to find at this time.
I agree that it’s very different. complete opposite really, which is fine for me as im in a boring middle place at this point and wanted to go more towards more rugged or more sporty.
What do you mean by buy rate? dealer addons they are forcing me to get (weather rubber mats, rear cargo cover protector and usb charging cable for $495). I might see if i can talk them out of that one. 83k car and still worth 55k in 3 years might make it more “stomachable”. this would make it similar to a 1000 / mo lease no?
