Deposit

[Bill Stewart]

Back in 2003 the dealer deposit was £1k. on Tuesday I test drove Boxster S and Cayman S back to back and think I've decided to stick with a Boxster. Then the salesman announced a £3k deposit?? Is this the new standard?

 

[channella]

I don't know about a "standard". But think about what you and they are doing - is 3k out of probably around 40k creating enough of an obligation on both sides to complete the contract - it's just 7.5% of the assumed total, and possibly less. The penalty for changing your mind incurs a sufficient financial penalty to ensure your commitment, and their potential hassle is covered. What deposit would you pay on a holiday, 25%?

 

[Bill Stewart]

Theres always a danger quoting %ages, I dont take £40k hols and £3k would go quite a way to a decent holiday....

 

[oliver]

It's normal.

On GT3s and TTs it's £10,000 - and a long wait.

 

[okellyt]

It was £1k deposit for my first Boxster S in 01, £3k for my 05 boxster S and now £3k for the 997 I have on order.

It seems that £3k is a fairly standard price for a deposit. Definatly much more than 25% of a nice holiday for two.

Tom

 

[channella]

ORIGINAL: Bill Stewart

Theres always a danger quoting %ages,

Ummmm, don't see why in this case. Seems a reasonable way of assessing the relative value of the deposit against the total financial commitment of the cost of the goods. I'm just sorting an inexpensive family holiday and have to pay a deposit of 30% of the cost + £100 security, and yes, that's around £200. But if I was buying a £40k+ car, I'd think a £3k deposit "cheap" [] to secure my commitment by comparison. Anyway, it seems Porsche pro-rate the deposit with vehicle value - the GT3 deposit is about 12% [8|]

 

[okellyt]

I could easilly be wrong but I thought I read somewhere that Porsche hiked the deposit asked for GT3's to deter profiteers (buying the slot to sell immediately to someone else at higher than book cost)

At the very least I suspect the amount of deposit asked for reflects the demand and supply equasion.

Bear in mind normally they'd like you to use the finance option, to increase their profits so they won't want too much of the value of the car. So I guess there is a bit of a balancing act going on in what they ask for.

 

[Guest]

Pay 2K initial deposit, and ensure that you are not committed until build date is received in writing and then pay balance of 10%. I think the actual figures are on the T&Cs.....read them.



Otherwise should you need to get out, you are covered, if you don't you are snookered.

 

[David W.]

Not that it makes the amount right or wrong but what is the depsoit on an Aston or a Fezza which are generally more expensive?
DW

 

[Guest]

I'm in a similar boat, my deposit was £500 back in late 2002 for 2003 delivery.

But was £2000 desposit for a Boxster S in October 2006, apparently it was £3k deposit for 911s and Caymans (or the later could have been Cayennes, can't remember). Apparently OPC will require the deposit to be increased 10% of total spec'd approximately a month prior to delivery.

Funnily enough my credit card was charged with £3k for the initial deposit but was promptly refunded when I queried it.

 

[marlin]

Has any one said I will only place £1000, if thats not enough NO SALE mate, just a thought, man (or women) walking away not good for business. Or are Porsche making so much dosh it dont matter [8|]