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Originally Posted by Mazatlan
I believe PCNA June sales are down 66% YTD, truly awful news for Porsche.
BMW and Mercedes Benz reported declines of 20% and 22%, respectively.
I've heard from a few colleagues that it is almost impossible to lease a P-car; they have been declined by Porsche Financial and these are guys in their mid-30s with stellar credit history. One of my closest friends who has dozens of cars from MB, BMW and Jaguar was declined a few days ago actually. He leased an SL63 the next morning. Another loss for Porsche.
From Trundle997's post, it appears that there are over 1,600 P-cars sitting and collecting dust at lots --- for Porsche to deny people leases/finance deals is suicide in today's market.
I've been following Porsche in the Financial Tims and WSJ and their situation is certainly dire. Only the country of Qatar can save Porsche from becoming the next GM with a few billion dollar infusion.
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Wow I almost bought an 09 SL63 about a week or so ago because of a $40k discount and a good purchase plan1.9% apr...but there were no good lease programs that I found...what did your friend find for a lease?