I have my '07 997tt arriving next tuesday into Braman Porsche in West Palm Beach, FL, so I began to make my leasing plans. As I posted last night https://www.6speedonline.com/forums/...ad.php?t=75900, I got high-balled on my Money Factor of .00380 (while paying full MSRP and a $1900 bank fee).

I called today and spoke with the FI Manager and advised I was rejecting their offer of .0038 and would do the deal at the .0032 buy rate. Her response: "No, we don't do that, I'm sorry, good bye".

I looked at my phone and thought "What did she say? No, she didn't" ... OMG - that b_tch actually hung up on me! I'm about to pay $140K for a car I spec'd and ordered 4-months ago and SHE HUNG UP ON ME!!!

I immediately called my salesman and said "Chip, we have a problem". He said "no we don't, I'll call you right back". He did shortly thereafter, and apologized for the actions of his FI Manager, and offered me the following deal:

- a money factor of .0036
- $1500 off MSRP.

What would you do???

 

Take the discount. Ask for more. In my opinion, the difference in percentage points don't amount to that much monthly, it might take a year and a half to recoup the difference btw .0036 and .0038.

 

I've said it before and I'll say it again...


Chip Davis at Braman Porsche is the man! He's always a great guy to deal with... I hope everything works out for you.

 

see my post on the other board

 

They dropped once, so they might be willing to negotiate. I would try one more time. Try to get the .0032. If it doens't work, than take the deal, but don't tell them that your still willing to negotiate. Act like you are not and you won't take anything less than .0032. If they don't come back with at least .0034, I would take the loss and go with .0036.

 

Hopefully, the dealer isn't reading this message board.

 

you are learning-when you initially ordered the car, you should have put on the contract that you were going to lease it at the prevailing rates for porsche financial. if it was me, i would buy it at the lowest interest rate that you can get, and take the $1500 off. if you must lease, then figure out how much extra that you are paying per month for the increased money factor, multiply it by the months or term of your lease, and make a value decision as to whether the $1500 off the msrp makes it up enough for you. i can tell you that a standard deal on a turbo now would be a few grand off and financing at prevailing rates. are they screwing you a bit-yeah, a bit, but they are a south florida porsche dealer and they are used to pushing the market and making their customers pay dearly. if you were buying it in nj, you would do alot better. you have to work with what you got. i would ask him why they cannot give you the porsche financial rates, why do they have to put it to you. if it were me, i would take the $1500 off and finance it over 60 months at the best interest rate i could find and tell them that they are not going to make a bonus on a lease with me.
<!-- / message -->

 

There's no way you can do anything about the rate.. my score is almost 800
and I cant even negotiate with porsche.. they always have the worst money factor...plus what's .0004 difference?, you want the car buy it...
Even Leasecompare is .0035 and .0037.. goodluck

 

LOL (or maybe I shouldn't!).

Let him read ... I want to do this deal, heck, I ordered the car (and already bought the Recarro Child Seat to fit in back seat, Cayenne Sirrius Satellite Radio Kit (got a killer deal - just have to have it installed now).

I'm sure one of my salesman's loyal customers will let my salesman know where to find my posts ... which is fine: I wasn't going to explore outside sources for financing before the events of this morning, but now I will likely take the $1500 off and buy the car outright (either with my cash or the banks) or use one of the outside leasing companies (thanks Doc!).

Either way, I will get the best deal possible, but I'm going to buy the car I spec'd and ordered.

 

Wow! Braman is just out of control sometimes.

 

Go and see the FI manager and ask the GM to be present and have her explain (not aplogize) for her actions (PMS doesnt count).
Personally I wouldnt do them the favor of giving them my business if their employees act like that, no car is worth some bi** hanging up the phone on you the customer. There will be other 997TT on the lot.

If they dont somehow make right by you I would do any business with them, there is no reason she should have done that, I am basing this solely on your statement.

 

i think that they are no different than many so. fla. or so. calif dealers. when i was looking for a 997tt and called a so fla dealer and was asking why they are trying to get 13k over msrp, the guy told me that if you want a car from where it is warm and sunny, and where people have money, that is what you will pay us. braman is no worse or better-when they can take advantage of market conditions to get over list, they will.

 

I've always been treated well from Braman, so no complaints here.
I also have been looking for a 997TT but haven't bought one because I want a Tip. I'm probably going to put a back up deposit on this one in case the deal falls through.

 

I have dealt with Braman through 2 cars in the past 3 weeks and the finance person, Carina, has helped me on both occassions she was always curteous and kind and everyone in that dealership from the GM (Sid) to my Salesperson Peter Sil has always treated me with respect, maybe there is another issue under all of this...was your credit score good enough to support that rate? That is a huge factor...

 

Hope you get everything worked out (as the car will be phenomenon). You are a smart consumer by investigating & negotiating. For me, if the car was in front of me I would've taken anything they hid from me just to get that car home fast!