Only you know your financial situation and what’s the responsible thing to do. Another option is to be honest with them, tell them your are $10K short and perhaps they can find you a T or a base. That may be a compromise you can live with?Hi guys
My 2023 Macan S has arrived at the dealer
Problem is my trade-in value is WAY less than what I was expecting (10.5K less than the amount I owe)
I don't think it is a good idea financially to go through even if I will feel bad if I cancel as this would be my first P car
I know I would probably be toasted for any future
Did you look at trade value before ordering? I find it hard to believe the value feel $10K over a few months; but what are you driving? If it was a BMW 7 series or Mercedes S class I could see a large drop in a short time
You never mentioned what you’re currently driving. Year, make, model, mileage, condition… The amount you will lose is really high. And, if I offend anyone, tough. But a Macan S is not worth losing $10,500 over.
Trying to guess the future, in used car values or the options market . . . is risky stuff.but you can never know what the used market will be in a few months time...
I'm of the same school of thought . . . . if you are underwater your quest should be to improve things, even marginally, not voluntarily and knowing make them worse. If you roll that $10.5 (CDN) deficit over, in concert with financing (I am assuming you are not paying cash) a new Macan S . . . . I suspect you'll find yourself in significantly deeper. What, as a wild example, if Porsche goes "All EV" next year and that Macan S becomes a financial millstone?Basically going further upside down in cars is never a good move.
In the situation you currently find yourself in . . . I'm not sure adding a Porsche, Aston Martin or McLaren to the mix is helpful.Another option is to be honest with them, tell them your are $10K short and perhaps they can find you a T or a base.
I have been there but the worst of it was my current Macan. I got my former Macan Turbo appraised as an early trade back in August . It was 76K , We needed the car but had I let it go that would have been the amount on that day . In December when my car arrived it was 64K . Thats 12K USD (16K CDN) . I already know the used manager wont budge so it came down to sales . It was 51K plus my car out the door . I had 48K plus I was so ill on the day of delivery (had Covid) that they had to drop the car at my house and sign everything electronically. They made it fly at 48.Hi guys
My 2023 Macan S has arrived at the dealer
Problem is my trade-in value is WAY less than what I was expecting (10.5K less than the amount I owe)
I don't think it is a good idea financially to go through even if I will feel bad if I cancel as this would be my first P car
I know I would probably be toasted for any future order if I cancel
Have I known that from the get go I do not think I would have ordered the car but you can never know what the used market will be in a few months time...
I have overestimated the used market value for my car, that's what's creating this loss and I am fully aware of it
Yes I still would get the tax rebate for the trade-in value but it still is a 10.5K net loss
I know some of you will tell me that I have ordered the car and that I should live with it
What would you do ? Have you ever been facing the same problem ?
A Porsche will bring you through times of no money but money will not bring you through times of no Porsche .You never mentioned what you’re currently driving. Year, make, model, mileage, condition… The amount you will lose is really high. And, if I offend anyone, tough. But a Macan S is not worth losing $10,500 over.
The truth is that he's not in control. They will let him walk and he ends up with no Macan . Then he gets rio drive the car he no longer wants as it depreciates even more . He saves money but its a not a happy outcome . Dealerships are aggressive on trade because they lack inventory . Canadian dealerships have been notorious . Perhaps a bit less with Macan Base , T and S but the shenanigans with the 911 makes it very clear they they are playing hard ball. Its not like he can go somewhere else that will be much better . Some are better than others though . However his car is here and now.In the situation you currently find yourself in . . . I'm not sure adding a Porsche, Aston Martin or McLaren to the mix is helpful.
Put yourself in a situation where YOU feel in control and PLAN your path forward . . . don't be a slave/victim to the coming and going of used car values.
I doubt the RS3 is going back up in price any time soon so it seems you've lost the 10.5K whether you buy a Macan or not.I really wanted to get a Macan but is it wort it a 10.5K loss ? I'm not sure...
The truth is that he's not in control. They will let him walk and he ends up with no Macan . Then he gets rio drive the car he no longer wants as it depreciates even more . He saves money but its a not a happy outcome . Dealerships are aggressive on trade because they lack inventory . Canadian dealerships have been notorious . Perhaps a bit less with Macan Base , T and S but the shenanigans with the 911 makes it very clear they they are playing hard ball. Its not like he can go somewhere else that will be much better . Some are better than others though . However his car is here and now.
My opinion .. The time to walk away from the deal is not to even look at it , much less order it.
Run, don't walk, RUN AWAYWhat would you do ? Have you ever been facing the same problem ?
True . . . and I could morph that close enough to "sufficient justification" to do the deal and ignore my underwater situation.I doubt the RS3 is going back up in price any time soon so it seems you've lost the 10.5K whether you buy a Macan or not.
Precisely.And just because you "can" afford it does not mean its financial prudent.
