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To-Be Macan Owner in Quebec, couple of questions

2639 Views 16 Replies 15 Participants Last post by  Pootz
Hi everyone

Glad I found this forum. The short back ground is I'm looking to get a new/used vehicle in April (waiting for winter to pass), and pretty much have settled on a Macan, ideally a 2020/2021 GTS, possibly Turbo if I found the perfect used one.

All that said, I'm not finding a used one that's 100% what I'd want, a few close. So recently I thought screw it, treat myself and buy new, possibly.

So the questions I have are:

Is it still about a 3 month delivery time from when you order? Based on other posts that seems to be the case.

Paying - I plan on paying in full, I sold a house a few years ago and have the money. I don't really want to take out another loan in life if I can avoid it. Is that odd though for a dealership to have someone pay out right $100K+ in cash? Or is it common in the Porsche world? Do you have to show anything, proof of where the money came from? I'm just curious if it's more of a hassle to pay outright and someone is better off getting financing, then just pay off the loan.

How do you pay that much in cash? I'm sure not "cash" physically, but do you wire it to them?

Also when do you pay? I'm guessing before it goes into production, but I saw another thread someone saying they take care of the financing later on, when it's complete. Seems odd they'd build out a whole car before someone got approved, but also makes me wonder just when do you pay.

Thanks for any help! I've been looking at Macans for months, watched a million Youtube reviews. Haven't test driven one yet because of covid mainly, seems like just a pain to do anything, plus winter in Montreal isn't inspiring to go do anything productive.
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Hi there, and welcome!

We got our allocation in December for an April 1 build, and May 20th delivery to dealer (obviously, in the world right now, those dates will surely change). so about 4 months for us.

As for paying. We purchased a C8 Corvette this past July for around the same money our GTS is going to cost. We did a wire transfer to the dealership. They gave us a form with all of their pertinent information, we went to a teller at our bank, and the dealership had the money within 2 hours. I suppose you could also get a cashier's check from your bank and take it to the dealership. Personally, I didn't want to have that much money on my person, even if it is a certified/cashier's check. We plan to do the wire transfer as well when we pick up our GTS.

Finally, you may be able to just write them a personal check for the amount, but based on the circumstances, you would have to find out if the dealership has a way to confirm the funds immediately or if there is a wait period.

Regarding payment. We put a $5k "down payment" on the car as soon as our allocation came up and the dealer got a commission number for the order. Obviously, that amount is deducted from our final payment amount, and we won't pay anything further until delivery day of the car. not sure if rules for Canadian dealers are different from the US regarding this.

BTW, fantastic F1 race you have in Montreal. We have been saying for years we are going to get up there to see it in person, but it hasn't happened yet.
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Hi there, and welcome!
...

BTW, fantastic F1 race you have in Montreal. We have been saying for years we are going to get up there to see it in person, but it hasn't happened yet.

Awesome thanks for the info! As for F1, I just got into F1 last year, and just moved to Montreal also. Bought a ticket for this upcoming 2022 race already, very excited! Fingers crossed it's a go... I think, think, we are good this year.
Not sure how it works in Canada, but you would need for the dealer to have an available allocation for a GTS (no 2022 Turbos). Those are hard to come by and if they had an allocation, it could be 6 months or longer.
When you order the car, they will probably check your credit report to see if you are financially responsible. They will also want a deposit at the time of order, maybe $5,000. Balance would be due when you pick up the car. Never, ever consider giving them $100k months before the car arrives.
Payment - most dealers would probably accept a wire transfer. You could also walk in with a cashiers check. If you walked in with a briefcase with $100,000 in small bills, the Canadian version of the IRS(Taxing authority in USA) would be asking questions about where you came up with $100k in cash! Cash transactions in the USA over $10k raise all kind of red flags, money laundering, drug money, etc...
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I just settled up with a bank draft made out to the dealer when I picked up my 21 GTS last summer did delivery inspection. Important to do that and make sure all your options are there, any deficiencies鈥
I am not sure how long you plan on keeping your car...but if it is past the 4 years/50000 miles then please factor in the cost of an extended warrenty.
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I remember talking with a Porsche sales guy years ago who told me the majority of their buyers paid in full rather than financing. Woke me up to the realities of Porsche ownership. When I bought my new 2018 Macan Turbo I traded in my 911 and paid the difference (a lot!) with a personal check which they held for a few days while I transferred funds into my checking account. My impression was they were open to any form of legal payment - personal check, cashiers check, wire transfer, etc. This was in the US but I suspect you won鈥檛 have any problem doing the same in Canada. Good luck with your search for an allocation. Not to burst your bubble but the wait seems more like 6 months+ right now due to supply chain issues.
I can't answer for the Montreal area but here in my home in the US I put down 1k to build my 2021 S and when it was delivered I wrote a personal check! I did no finance so I don't know how that would work!
When I bought mine..I organized finances..and went into dealership and wrote a personal cheque..
I'm just a skeptical person by nature and so don't believe that the majority of buyers pay in full. I'd say the majority of Porsche buyers who are capable of paying in full are too smart to do so when they can have their money working for them and earning more than the very low interest rates on a vehicle, especially with the ability to pay it off at any time.

The average return of the S&P over the past 50 years has been 9.4 percent. If you took a loan for 3 percent, and I've gotten lower than that, you'd be making 6 percent on the money instead of withdrawing it. Just food for thought.
Bought a new Macan at Porsche Lauzon, Laval in 2019. No hassles, $1000 deposit (refundable anytime if need be). Balance paid with a certified check on delivery day.
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Paying - I plan on paying in full, I sold a house a few years ago and have the money. I don't really want to take out another loan in life if I can avoid it. Is that odd though for a dealership to have someone pay out right $100K+ in cash? Or is it common in the Porsche world? Do you have to show anything, proof of where the money came from? I'm just curious if it's more of a hassle to pay outright and someone is better off getting financing, then just pay off the loan.

BTW - there are several videos out there advising a person to never tell a dealership you're going to pay cash before
negotiating your best deal. A dealership may be willing to negotiate a better price for a vehicle believing you're going to finance
the purchase through them, which will increase their profit. If you tip your hand about a cash purchase, that vehicle
pricing negotiation evaporates!

And, as repeatedly noted above, a considerable number of Porsche buyers do not finance their purchases.


Good luck!
BTW - there are several videos out there advising a person to never tell a dealership you're going to pay cash before
negotiating your best deal. A dealership may be willing to negotiate a better price for a vehicle believing you're going to finance
the purchase through them, which will increase their profit. If you tip your hand about a cash purchase, that vehicle
pricing negotiation evaporates!

And, as repeatedly noted above, a considerable number of Porsche buyers do not finance their purchases.


Good luck!
In Canada we don't get Porsche discounts, like in USA. Its either pay full price or you maybe get free mats or tint.
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Hi, I bought my 2021 GTS 3 months ago from Porsche Prestige in Montreal, it got delivered in November. I just put a deposit of $5000 with a credit card, they didn't ask how I planned on paying for it, I guess they know if you want financing you would ask upfront. When the car came they just sent me a total after adding in the extras I wanted like extended warranty, tax etc and ofcourse they deduct the deposit I paid. I was given the choice to Pay via certified cheque or bank draft. I didn't ask about wire transfer, all to say it's not uncommon to pay it off cash and no one asked me where the money is from (your bank knows where your money comes from so its not up to the dealerships to ask plus my personal opinion is that its impolite to ask). The service and the whole transaction was excellent. If you choose to contact them my SA is Vincent, he was amazing. Best of luck. If you have more questions feel free to ask.
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I always have a home equity LOC which is almost never used. Typically when it it is used, it鈥檚 for a car purchase. That way I don鈥檛 need to move any investments around until if and when I actually make a purchase.

When I went to look at a Turbo a week or two before Christmas 2019 at a dealer in Lancaster PA I took a check with me from the LOC. Made an offer right after the test drive. An hour and a half latter I was driving it home. They didn鈥檛 even do a credit check.
Hi, I bought my 2021 GTS 3 months ago from Porsche Prestige in Montreal, it got delivered in November. I just put a deposit of $5000 with a credit card, they didn't ask how I planned on paying for it, I guess they know if you want financing you would ask upfront. When the car came they just sent me a total after adding in the extras I wanted like extended warranty, tax etc and ofcourse they deduct the deposit I paid. I was given the choice to Pay via certified cheque or bank draft. I didn't ask about wire transfer, all to say it's not uncommon to pay it off cash and no one asked me where the money is from (your bank knows where your money comes from so its not up to the dealerships to ask plus my personal opinion is that its impolite to ask). The service and the whole transaction was excellent. If you choose to contact them my SA is Vincent, he was amazing. Best of luck. If you have more questions feel free to ask.
Great info thank you, that is the dealership that's closest to me and I was probably going to go with. I'll for sure ask for him.
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In Canada we don't get Porsche discounts, like in USA. Its either pay full price or you maybe get free mats or tint.
And I'm not sure we can do that much better in the markets than the financing rates we get up here in Canada.
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