Last post on Nov 09, 2013 at 7:14 AM
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Porsche Cayenne, Car Leasing, SUV
#114 of 505 Buy or Lease
Jan 24, 2007 (10:20 pm)
we are looking at a 2005 Cayenne S with almost 19k mi. and get this...the dealer classifies it as a new car because it was driven by a Porsche exec for demo purposes and has never changed title. any car to me that has 19k mi., pits in the aim dam, scuffs in the back bumper, obvious wear on the metal inner door protectors, and nicks on the console seems used to me.
they are saying that it was a $74k auto as it's equipped with the air suspension pkg. and off road technology package. they are offering it for $54k red tagged and said they could get it down to $52, no extended warranty.
i guess porsche can lease this vehicle b/c they're calling it new.
i don't know how to calc a residual value on this. wouldn't this be the residual value?
also trying to figure out the differences between the 2005 and 2006 vehicles.
#115 of 505 Buy or Lease, Part II
Jan 24, 2007 (11:01 pm)
also, the salesman was explaining that it was more advantageous to purchase the vehicle because of the high residual value.
i didn't understand this.
thanks for your help!
Feb 01, 2007 (11:20 am)
wondering what the base lease rates and residuals are in Feb for the cayenne titanium edition models for 10K miles, 27 and 36 months.
#117 of 505 Re: Feb Lease rates [monkeyshift]
Feb 01, 2007 (6:30 pm)
Well, here is the deal I got. I leased a 2006 Titanium for 1800 down,1102 per mo.for 4 years with 15k per year. Car was listed at 67k or so. Received 5600 off. Thats it!
#118 of 505 Re: Feb Lease rates [bimbobrakes]
Feb 09, 2007 (11:12 am)
Thanks for the info Bimbobrakes
#119 of 505 lease for 2006 V6
Feb 09, 2007 (3:20 pm)
Interested in leasing a 2006 V6 model, any idea what the residual is like? How much acquisition fee? I am looking at around $41K range with less than 10k miles
#120 of 505 Re: Buy or Lease [revets2]
Feb 15, 2007 (2:50 am)
Hi revets2. Wow, you won't see too many 2005 Porsches out there that are still classified as new vehicles. Porsche Credit doesn't publish a lease program for "new" 2005 models any longer. Perhaps it has some sort of special program that it uses for this sort of situation. If it does, I haven't seen it.
You definitely should treat this car as a used vehicle when trying to come up with a price to offer for it. The dealer can call it whatever it wants, but with 19,000 miles on it it IS used.
I am sure that there are a few minor differences between the 2005 and the 2006 Cayenne, but I believe that they are basically the same vehicle. The 2008 Cayenne that comes out this month is an all new truck that will be significantly different from the 2005 and 2006 models. You may be able to find out what the differences are between the '05 and the '06 model by visiting the following discussion: "Porsche Cayenne".
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#121 of 505 Re: Feb Lease rates [monkeyshift]
Feb 15, 2007 (2:53 am)
Here you go, Mike. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease (I haven't seen the 27 month program) of a 2006 Porsche Cayenne Titanium Edition with 10,000 miles per year are .00310 and 58%, respectively. The numbers for an otherwise identical 36 month lease are .00310 and 55%.
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#122 of 505 Re: lease for 2006 V6 [imok]
Feb 15, 2007 (3:02 am)
Hi imok. This truck's lease program varies by term and mileage allowance. For now I will assume that you're interested in a 36 month lease with 10,000 miles per year. Let me know if you want something different. Porsche Credit's current 36 month buy rate lease money factor and residual value for the 2006 Porsche Cayenne V6 with 10,000 miles per year are .00310 and 57%, respectively. The last time that I checked, Porsche Credit charged a $745 acquisition fee on every vehicle that it leases.
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#123 of 505 Re: Feb Lease rates [Car_man]
Feb 19, 2007 (3:34 pm)
Thanks Car man!