Thursday, November 02, 2017

Sime Darby Auto Performance, official distributor of Porsche in Malaysia, introduces the Porsche 360 Financing programme - Owning a Porsche is now slightly easier


Aside from launching the fabulous the latest version of the fantastic road racer, the Porsche 911 GT3, Sime Darby Auto Performance (SDAP), the official importer and distributor of Porsche vehicles in Malaysia, has introduced the Porsche 360 Financing programme. 


This is that sort of financing programme that makes owning a Porsche much easier than before (provided you can afford it of course). The new Porsche 360 Financing programme was introduced at the Bangsar Shopping Centre, in conjunction with the new 911 GT3 launch which you see pictured below.


The Porsche 360 Financing is a viable alternative to conventional financing by promising lower monthly payments and flexible terms for better cash flow management. Within the third to fifth year prior to the end of the financing programme, owners are able to either trade-in their vehicle for a new Porsche, or refinance the loan amount.

With this new scheme, a Porsche customer can now finance a new Macan with a 90% loan margin for 5 years and only pay around RM 6,000 in their monthly instalments. After the agreed period, they can either trade-in their vehicle for a new Porsche, or refinance the loan amount and carry on paying for a few more years or buy off the car outright. The choice is actually the car owner's to make.

The options are simply as stated below:
At the end of the financing term, the owners have three options: 
Firstly, the customer may trade in their vehicle at any Authorised Porsche Pre-Owned Centre at the assured resale value. The programme is structured in such a way that the remaining loan amount is generally lower than the assured resale value of the vehicle. Consequently, the owner would then receive a balance payment that could go towards the down payment for a new vehicle, making it a fuss-free transition to their next new Porsche. Since there is a guaranteed amount received, this could go to financing the next Porsche like from a Macan, the customer now opts for a Cayman or a 911. The step up is made easier.


The second option -  the customer can, from the third year onwards, extend the financing programme for their vehicle or to terminate the financing arrangement by settling the outstanding loan amount in full. 

Finally, they could of course decide to return their Porsche without any additional commitments*.


It is also something good as it allows an entry into the world that is Porsche. 



Now if you're not really keen of reading, I've put something up on YouTube regarding the programme. You can see a brief presentation of the programme by Winston Foong, National Sales Manager of Sime Darby Auto Performance. There is also an animated video provided by Sime Darby Auto Performance at the 4minute 10 second mark. Do watch if you want to find out a little bit more. 

Oh, there are some Porsche cars footage spliced into the vid too.



Press Release 31/10/2017

It all starts here
Porsche 360 Financing

Kuala Lumpur. Sime Darby Auto Performance (SDAP), the official importer and distributor of Porsche vehicles in Malaysia, introduces the Porsche 360 Financing programme that makes owning a Porsche as simple as making the decision to get one. The new Porsche 360 Financing programme was introduced at the Bangsar Shopping Centre, in conjunction with the new 911 GT3 launch.

The excitement of owning and driving a Porsche does not end with its dynamic driving experience, it now encompasses a flexible financing programme that is personalised to the owners’ unique lifestyle. The Porsche 360 Financing is an intelligent alternative to conventional financing by promising lower monthly payments and flexible terms for better cash flow management. Within the third to fifth year prior to the end of the financing programme, owners are able to either trade-in their vehicle for a new Porsche, or refinance the loan amount.

“The Porsche 360 Financing programme is another initiative in our continuous effort to offer customers a more unique and even more flexible ownership experience,” said Arnt Bayer, Chief Executive Officer of Sime Darby Auto Performance. “Porsche owners can now experience a new Porsche model every three to five years without worrying about their financing commitment or the resale value of their vehicle. To drive a Porsche and upgrade to the newest model on a regular basis? It does not get much better than that,” he continued.

“We believe the lower monthly payments are really attractive for our customers. They can now finance a new Macan with a 90% loan margin for 5 years and only pay around RM 6,000 in their monthly instalments,” he added.

About Porsche 360 Financing
The new Porsche 360 Financing enables savings via lower monthly repayments compared to conventional hire purchase financing. But not just that, the programme also adjusts to the lifestyle of the customer as it opens the opportunity to experience and to upgrade to a new Porsche regularly without worrying about the residual value.

At the beginning, customers have the joyful privilege of finding their dream Porsche. They then choose their preferred financing period of three, four or five years. Subsequently the assured resale value of the vehicle is established according to the model and specifications of the vehicle. 

At the end of the financing term, the owners have three options: 
They may trade in their vehicle at any Authorised Porsche Pre-Owned Centre at the assured resale value. The programme is structured in such a way that the remaining loan amount is generally lower than the assured resale value of the vehicle. Consequently, the owner would then receive a balance payment that could go towards the down payment for a new vehicle, making it a fuss-free transition to their next new Porsche.

As a second option, the customers can - from the third year onwards – extend the financing programme for their vehicle or to terminate the financing arrangement by settling the outstanding loan amount in full. As a third alternative, they could of course decide to return their Porsche without any additional commitments*.

In order to uphold the assured resale value, Porsche owners are required to service and maintain their vehicle at one of the three Authorised Porsche Service Centres in Kuala Lumpur or Penang. SDAP offers peace-of-mind ownership for the first 4 years: all Porsche cars sold by SDAP are equipped with a comprehensive Four-Year Warranty and Four-Year complimentary maintenance package including service, parts and labour. In addition, the warranty can be extended up to nine years. This financing programme is not applicable to the ‘GT’ and special limited edition Porsche models.

*except for any potential excess mileage charges and the vehicle being subject to fair wear and tear.



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