01-26-2019, 10:43 AM | #1 |
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Anyone asked what happens if order delivered post 29 March and no deal?
Friend of mine tells me some Porsche OPC's warning customers for orders made post 17 Jan that prices may increase by up to 10% if no deal. I guess this will reflect any sterling depreciation v Euro.
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01-26-2019, 11:41 AM | #2 |
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So let me get this right, a customer orders their car at an agreed price, it gets delivered after a no-deal Brexit which means the customer has to stump up more cash. I would really like to see any company enforce that one...
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01-26-2019, 11:42 AM | #3 |
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I would think that a deal is a deal. You agree the price when you order, and I would expect that to be set in stone at that point. Surely they can't increase the price by 10% once the price is agreed.
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01-26-2019, 11:44 AM | #4 |
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01-26-2019, 12:00 PM | #6 |
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It is swings and roundabouts. This week the pound has gone up against the euro, so our agreed price buys more euros than normal, so if the pound drops they will have to swallow it.
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01-26-2019, 12:03 PM | #7 |
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Be worthwhile checking the small print in the contract in case they’ve hidden a clause in there.
To be honest they could still sell the car at a premium even if the original custome4 decides not to proceed.
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01-26-2019, 12:05 PM | #8 |
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Haven't read the t&c of a Porsche sales agreement but when you place a deposit on a new BMW and sign your sales agreement, the agreed price and associated deal are binding afaik, however long it takes to build and deliver the car. Maybe Porsche is different
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01-26-2019, 12:05 PM | #9 |
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Porsche have always done this. There is a certain point where the price is locked down, on delivery to the UK I think. Porsche can and do implement price rises between order and delivery.
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01-26-2019, 12:34 PM | #10 |
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If that's true I would never buy a Porsche. That's as bad as some dealers who expect you to enter a binding contract and order a new car, but won't tell you what they will be giving you for your car trade in when the car arrives in three months.
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01-26-2019, 12:56 PM | #11 |
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If WTO means a 10% tariff on cars imported to the UK then what choice does the dealer have? I doubt they are making 10% gross in the first place.
If goods from the EU start having tariffs applied to them then my customers pricing will be going up as well, it's business.
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01-26-2019, 01:38 PM | #12 |
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Deal or no deal the pound can fluctuate. If you sign a contract for a certain price thats that (cant remember what consumer law would apply). If this whole mess wasn't happening the pound could still drop or gain due to numerous other reasons so the brexit bit is technically irrelevant.
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01-26-2019, 02:49 PM | #13 |
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Not sure why this thread is mainly focused on exchange rates. That isn't the issue here, it's purely tariffs they're certainly concerned about. The exchange already dropped like a stone before, we didn't get tariffs, just incremental stealth increases in list price over the last few years.
At work we've just placed an order for over a hundred trucks from Scania. They have sent out a letter to all customers saying that the price could increase by up to 20% in the event of a no deal, including our ordered trucks. We have had similar standard letters from most of the manufacturers. This is to take into account the potential tariffs, which could be in both directions, as some parts are manufactured in the UK, so will get double tariff charges for the cost of those. It will also increase the cost of transport, and the administration and management of every company involved in the supply chain, as well as the manufacturer. They're also under R and M contracts, which we been have warned, will also have to increase in the case of a no deal. As someone else said, I'd be surprised if car manufacturers are going to cover all this extra cost and I'd be surprised if their extra cost is just the tariff. It'll be more. I doubt they'll point it out directly to customers now, but I bet in the small print of the contract, they reserve the right to alter the price if there are changes in legislation. |
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01-26-2019, 02:53 PM | #14 |
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Brexit is an amazing thing. We'll could all be paying through the teeth for it for years.
But, don't worry, we'll have a free trade deal with China to compensate us. Might be better off moving to China if that happens. |
01-26-2019, 03:46 PM | #15 |
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Give Brexit to Solskjaer till the end of March.
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01-26-2019, 06:11 PM | #16 | |
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Porsche along with Ferrari and other top end manufacturers reserve the right and in some cases do raise the price of cars between order and delivery but then some of their models are on two plus years waiting lists. Incidentally, this is the second thread you have raised regarding Brexit
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01-26-2019, 06:36 PM | #17 |
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I cancelled my Velar order after seeing first hand how clueless Land Rover were during the order process. Made me think twice so I jumped ship to a Macan.
It’s on the forums over there that some people have been told about the 10% hike no deal so it does seem true. However, I think someone has mentioned their dealer saying the order can be cancelled and deposit refunded. Who knows! |
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01-27-2019, 03:37 AM | #18 | |
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not off topic surely? Even if car manufacturers decide to honour prices for pre March 29th orders, if we get a no deal, the letters I've seen from truck manufacturers regarding no deal will be representative of what we could see after then. And buying British built won't be the perfect answer because a lot of the components come from Europe anyway. Plus if they lose sales the other way into Europe, someone has to pick up the shortfall. We've created this mess, firstly by a stupid vote and then made it worse with naivety and incompetence in the negotiations. We deserve to pick up the extra costs. Last edited by Goneinsixtyseconds; 01-27-2019 at 06:13 AM.. |
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01-27-2019, 04:16 AM | #19 | |
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The biggest own goal in modern economic history
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01-28-2019, 02:53 PM | #21 | |
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