I just opened my mail today and got a post card from Porsche . It looks like special offers are back . I have not gone to my local dealerships in awhile because my cars have been running so well and don't need any service yet.

I do recall last year that The Porsche moment pushed the new cars into nicely discounted territory. It also was best to take advanatge of the program when it began because the best optioned cars sold quickly.

The used car market faces a challenge when new car programs are out . When new cars sell for less the used cars either sit idle or drop in price.
Last year when the program came out the used cars did not drop at first and many might recall all the forum members who bought new 09 cars .

Also you guys may recall that when the 2010 cars came out and no discounts were available .. I did say that they have an entire year to sell them . Well -it's almost June and that means the 2011 cars are not far away.

In short -- the selection of 2010 cars are big and the deals are out there. It's ironic that the best prices always seem to appear when economic voilatility has consumers thinking twice .

Did anyone else get the post card ?

 

i got it..but i bought a car 6 weeks ago...i got 2.9% for 5yrs..i could have had 1.9% but i think that was only 2-3 yrs

i usually pay cash for my cars and was going to this time but cant pass up that great rate...

 

I prefer the cash deal but what the great rate indicates to me is that there is a manufacturer incentive . It pushes the cash deal into a nice territory. But it also offers a choice to the buyer who wants to finance because every dollar saved counts.

The key is to jump on the program when the most cars are available --like you did in april .. but i think now with the way the economy has fluctuated plus time pushing closer to the 2011 year cars .. this is a good time to buy a 2010 car .

Some may recall that my opinion 8 months ago was to wait . Back then I said that dealerships have a year to sell the 2010 cars and at some point these deals might surface.

Well -- i got my post card today.

 

wonder what the new model will bring...i hope it doesnt make me regret my purchase..love my car..if i had bought a 996 and then several months later they came out with 997 i would have been very upset..especially if they would have offered PDK on 997.1 cars...the 30 hp bump from 997.1 to 997.2 isnt a big deal..but pdk and touch screen is great

 

Since I've been on the hunt for another 997.2, I know this all too well.

1.9 for 60 months has been in place for a while. There are no rebates in lieu, like there were last year. End of March there was up to $7500 for about 2 weeks so a dealer could go 8-9% off plus 7500 but now the best Ive seen is a $1200 over invoice (9ish % off) & 1.9 but no less if you pay cash.

2 local dealers came back from Germany last week telling me Porsche regretted the March rebates & we would not see that again because most shops dont have enough cars to get them to the 11's in Sept-Oct.
Ive also been told they are trying to stabilize the market. Might be working as Preowneds @ dealers seem to be holding better values.

We'll see.
Preowned CPO'd 09's seem the 997.2 better buy right now.

 

i bought my new car 6 weeks ago..finance guy said they werent selling many new cars - but lots of preowned - people seem to be trading down a little to save money

if i could have found an 09 or slightly used 09 specd the way i wanted i would have went for it to save money..but i got the perfect 2010 for $15k off (about 13% off)

 

+1 --I agree but have comments.

With the Dollar/Euro value and current European economic data it can not be any more clear how important US sales means to Porsche. They can try and firm the market but what happens is the cars just won't sell .
In fact --if one looks at inventory (both new and used) the same overpriced used cars have sat for months and the new cars which were not discounted too much are still collecting dust listed in online inventories.

The 09 cars should be the best deal on the used market .. but one also has to factor in the huge production numbers for that year .

I still see 07 CPO cars listing in the mid to high 60's . They have sat at those prices for months --UNsold .

My price points would be --
12 percent off a 2010 car
OR
A pristine 06 car in the low 50's.
If one can find an 07 car in the upper 50's that's also worth buying.

 

Is this 1.9% good everywhere and to anyone or just select dealers? Seems like it may be something of interest to me.

 

Ironic that I got my '07 S a year ago in the upper 50's. Prices have really not come down at all.

 

1.9%? Concentrate on getting the best price!

 

i got the post card too, yup 1.9% for 60 months. at that rate it's almost free money.

 

If you kept the miles low you'd get back every cent . You may even turn a resale profit .. I can think of a few guys in this forum who would.
The Turbo has stalled at the 85-90K price for almost TWO years . Imagine that.

The bargain falls into two categories
The 06 cars
The 2010 discounted cars .. if one can nail down a good price.

As for the 09 cars . Tough call --
My feeling is that when one pays over 70K for a car .. it ought to be either new or NOT a first production year (DFi /PDK were released in 09) .

 

Everywhere but not on every car . Only 997/997S cars . Boxter, Cayman, Cayenne. I did not see the Panamera on the list . I do not think it applies to the Gt3 ,Turbo , or the Gt3 RS models but am not sure.

Keep in mind that every choice matters . If adealership only has one or two cars it's harder to negotiate no matter what programs are out. If the dealership has 6 manuals and one PDK then the PDK car might be harder to negotiate.

All the program does is show incentive and gives another choice to the buyer . It usually implies that they want to sell those 2010 cars before the 2011 cars arrive.

 

Just picked up a CPO'd 06 C2 with about 30K miles for just under $50K. I think I did OK.