- #547 of 589
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Re: Cayenne lease vs buy [jubess]
by 996twint
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Apr 28, 2009 (3:46 am)
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Replying to: jubess (Apr 23, 2009 3:39 pm)
What did your payment come out to? Was it a 2008 or 2009?
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- #548 of 589
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Re: Great Buying Experience [blckislandguy]
by 09cayenne
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Apr 29, 2009 (11:12 am)
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Replying to: blckislandguy (Jan 01, 2005 6:59 pm)
I picked up my new 2009 Porsche Cayenne from Herb Chambers of Burlington (MA) less than a week ago. I'm not sure what other people paid for theirs, but I think I got a pretty good lease deal on mine. The MSRP on my Cayenne is $53,335 for a base model tiptronic w/ preferred package and few other options. The terms of my lease are $455/mo, plus tax w/ $2999 down (cap cost redux). Taxes, title, registration and first month lease payment totaled another $1,892.84, for total fees due at signing of $4,891.84. The lease term is 36 months at 10,000 miles/year. Since Porsche charges $.30/mile over the allotted miles, and I plan to drive more than that, I opted to increase miles to 15,000 miles/year. The cost of the additional 5,000 pre-paid miles/year is a little over $.09/mile, adding $44/mo. to my lease payment. After all is said and done, my monthly lease payment for this vehicle is $525.29/mo. If you don't mind sharing, what did you pay?
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- #549 of 589
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Re: Great Buying Experience [09cayenne]
by spiderv6
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Apr 29, 2009 (11:48 am)
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Replying to: 09cayenne (Apr 29, 2009 11:12 am)
Sounds like a decent deal.
Did you manage to negotiate a lower price on the MSRP before you got the lease deal?
What was the money factor they gave you?
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- #550 of 589
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Re: Great Buying Experience [spiderv6]
by 09cayenne
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Apr 29, 2009 (12:17 pm)
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Replying to: spiderv6 (Apr 29, 2009 11:48 am)
No. It was a dealer-advertised lease on a specific stock # Cayenne. Actually, the one that was advertised as having an MSRP of $51k for $449/mo. was not available, so I negotiated paying $6/mo. more for the Cayenne they did have on the lot with an MSRP of $53,325 The vehicle didn't come w/ mats, a $140 option, so the salesman threw them in free of charge. There wasn't any further room for negotiation or haggling. Other than opting to pre-pay for miles, I didn't change the lease deal. I think once you veer from the advertised deal, and start loading up the car w/ options, you get screwed. The money factor was .0014.
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- #551 of 589
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Re: Great Buying Experience [09cayenne]
by amx
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Apr 29, 2009 (7:24 pm)
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Replying to: 09cayenne (Apr 29, 2009 12:17 pm)
can you share the residual and the selling price? thx
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- #552 of 589
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Decent Lease Deal on '09 Cayenne S?
by rubin72
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May 08, 2009 (11:28 am)
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My local P-car dealer has offered me the following deal:
2009 Cayenne S w/ Preferred Package Plus
Dealership Owner's car w/7,800 miles
36-month
15k miles/year
ZERO Cap Cost Reduction
$1,690 due at signing (1st payment, bank fee, etc.)
*********** $725/month (includes 9% State Tax)***************
25% OFF STICKER
$9,700 BELOW INVOICE
MSRP: $69,725
Sale Price: $52,650
Resid.: 48%
Money Factor: .00146 (3.5%)
Sales Tax: 9% (6% +3% lease tax in PA)
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- #553 of 589
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Re: Decent Lease Deal on '09 Cayenne S? [rubin72]
by jacknjill526
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May 08, 2009 (7:38 pm)
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Replying to: rubin72 (May 08, 2009 11:28 am)
That sounds like a great deal. We've had our eye on a 2009 Cayenne for a while now, and we think we've found the car. We're just a little hesitant about what to offer for it, and we'll be purchasing though, not leasing. However, your post certainly helps!
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- #554 of 589
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Re: Decent Lease Deal on '09 Cayenne S? [jacknjill526]
by rubin72
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May 09, 2009 (4:23 am)
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Replying to: jacknjill526 (May 08, 2009 7:38 pm)
Just remember, the Money Factor is normally .00166 (3.98%) but my dealer is willing to file for an "override" to get (3.5%). Also, the resid. is noramlly 51% for a Cayenne S on a 36-month 15k mile lease. But, since the car already has 7,800 miles, the resid. is reduced by .30/miles = $2,340.
All in all, I'm happy to be leasing a nicely optioned Cayenne S for 36 months, 15k miles, nothing down, fncluding tax, for low 7's/month. Also, it's the exact color combo. my wife wanted: Black Ext. / Sand/Havana Int.
Good Luck!
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- #555 of 589
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Re: Decent Lease Deal on '09 Cayenne S? [rubin72]
by kyfdx HOST
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May 09, 2009 (11:09 am)
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Replying to: rubin72 (May 09, 2009 4:23 am)
That looks like a good deal...
The only issue is that you'll be out of warranty for the last two months of the lease (over 50K miles).
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- #556 of 589
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Re: Decent Lease Deal on '09 Cayenne S? [kyfdx]
by rubin72
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May 09, 2009 (11:19 am)
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Replying to: kyfdx (May 09, 2009 11:09 am)
You're correct. However, I have a few outs:
1) I could buy it at the end of lease.
2) Porsche will buy me out of the last three months
3) I might not drive it the full 15k/year.
Plus, I'd have to have some bad luck for something major to happen in the last 3k miles.
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