Porsche Macan funding hits £1m

Time 8:31 am, April 11, 2014

a3d70775-920b-4054-99c5-5730f1e03dbbMAGNITUDE Finance has arranged funding for £1m worth of Porsche Macans.

The most popular model financed by the company has been the Diesel S at a basic starting price of £43,300, while the most expensive has been a Macan Turbo, which with various optional extras selected, saw the final price rise to just under £70,000.

Director of Magnitude Finance, Tim Marlow, said: ‘Our clients placed orders early and we secured finance very quickly for them to make sure they will be the first on the road this Saturday enjoying what is being widely talked about as one of the best new cars available.

‘We have seen a shift in the number of clients moving from the Range Rover Evoque to the Macan because it is the compact SUV of the moment and received glowing media reports across the board.

‘The Evoque has been an outstanding success and hugely popular with our clientele but will be three-years-old in September and they have been sold in volume.

‘Despite an ever-growing waiting list that means those placing orders now won’t receive the car until into next year, it hasn’t deterred people, in fact this actually makes them want one even more and we are currently working on a further seven immediate funding packages.’

Central to Magnitude Finance is its online calculator – created in-house and the first of its type in the UK – allowing customers to configure their own packages.

The free system is unique in providing accurate quotes for specific car makes and models whereas other calculators only give generic examples.

People can select the type of car they want to finance, the amount of deposit they wish to pay and the length of the term.

The calculator instantly generates three different finance packages: a balanced payments scheme; a personal contract purchase; and a hire purchase, with all the figures clearly explained and at extremely competitive rates.

James Batchelor's avatar

James – or Batch as he’s known – started at Car Dealer in 2010, first as the work experience boy, eventually becoming editor in 2013. He worked for Auto Express as editor-at-large and was the face of Carbuyer’s YouTube reviews. In 2020, he went freelance and now writes for a number of national titles and contributes regularly to Car Dealer. In October 2021 he became Car Dealer's associate editor.

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