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Porsche Cayenne Lease Questions

220 messages,  Last post on Sep 18, 2008 at 10:48 AM

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What is this discussion about? Porsche Cayenne, Car Leasing, SUV

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#177 of 220 Re: lease question [sphereman111] by Car_man HOST Feb 04, 2008 (2:12 am)
Replying to: sphereman111 (Dec 13, 2007 6:26 pm) Here's the information that you're looking for, sphereman111. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Cayenne V6 with 12,000 miles per year are .00290 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00290 and 60%. If you were to lease this truck with only 12,000 miles per year, its residual values would be 2% higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#178 of 220 Re: Jan Lease Factors [mdenneny] by Car_man HOST Feb 04, 2008 (2:14 am)
Replying to: mdenneny (Jan 24, 2008 8:18 pm) Greetings mdenneny. The money factor that you were quoted is higher than Porsche Credit's buy rate. This probably means that the dealer you are working with is trying to mark up your truck's money factor to add additional hidden, back-end profit to your deal. See if you can get them to use the .00290 buy rate to calculate your lease payment.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#179 of 220 How to factor in acquisition costs by cal4492 Feb 15, 2008 (5:52 pm)
Car_man, First this is a really helpful web site! Second I am looking to lease a Cayanne and these are the numbers I have been quoted in NY/NJ area: MSRP $54,715 CapCost $52,000 Residual 67% LeaseTerm 36 mos Factor 0.00325 Mothly Payment $781   I put this through the caculation and came up with a monthly pymnt of $714! They did say there were closing costs of approx $2200. Is this a good deal? Seems like they are adding the closing costs to the CapCost and then calculating the lease pymnt. Is this the way to incorporate the closing costs into the calc? Please help... Rgds, Cal Replies to this message: eights38 (Feb 15, 2008 9:45 pm) plamp (Feb 21, 2008 2:26 pm) Car_man (Mar 13, 2008 2:20 am)
#180 of 220 Re: How to factor in acquisition costs [cal4492] by eights38 Feb 15, 2008 (9:45 pm)
Replying to: cal4492 (Feb 15, 2008 5:52 pm) cal4492 - What dealer in the NYC metro area are you working with? If you need help, please feel free to email me.
#181 of 220 Re: How to factor in acquisition costs [cal4492] by plamp Feb 21, 2008 (2:26 pm)
Replying to: cal4492 (Feb 15, 2008 5:52 pm) Cal   I'm in the area also and would also like to know what dealer you are using. Are you sure of the residual you were quoted at of 67%?   Thanks!
#182 of 220 holly'sdad by hollydog Feb 27, 2008 (12:26 pm)
dealer in mid-west proposed the following: V6 tiptronic with nav, bi-xenon lights, etc with msrp of $56,650 plus destination charge of $895. Selling price of $52,900. $3,650 down includes 1st month payment and all fees and cap cost reduction. 15,000 miles per year. residual of 38%. 63 month lease at $618 plus tax per month ($659). I wanted payment around $650 per month. Top tier credit rating. Does this seem like a good deal? Thanks for your insight. Replies to this message: Car_man (Mar 13, 2008 2:29 am)
#183 of 220 Re: How to factor in acquisition costs [cal4492] by Car_man HOST Mar 13, 2008 (2:20 am)
Replying to: cal4492 (Feb 15, 2008 5:52 pm) Thanks Cal. I'm glad that you find Edmunds.com so helpful. I come up with a pre-tax payment of $714 as well using the inputs that you mentioned in your post. Perhaps the payment that the dealer quoted you includes sales tax or some other charges. This lease program is much different that Porsche Credit's program, but it seems to result in a lower monthly payment than Porsche's. I guess some independent bank is stepping up to the plate and offering a better program than Porsche Credit on the Cayenne right now. I am not personally all that familiar with what the market is like for this truck in your area right now, but I do know that there is a decent level of competition there. It wouldn't hurt to comparison shop with a few dealers before pulling the trigger.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#184 of 220 Re: holly'sdad [hollydog] by Car_man HOST Mar 13, 2008 (2:29 am)
Replying to: hollydog (Feb 27, 2008 12:26 pm) Hi hollydog. 63 months is an awful long time to lease a vehicle. A lot can happen over the course of five years to make you want or need to get a new vehicle, your commute could change causing you to go waaaay over your mileage allowance, the price of gas could spike to $5.00 per gallon in the U.S. making you want to get something more fuel efficient, you could just plain get sick of your vehicle, etc... I always advise consumers not to lease for longer than 36 to 39 months, 48 months at the absolute longest.   Another thing that I don't like about this lease is that you are making a capitalized cost reduction. I always advise community members not to make down payments on leased vehicles. Those who make them risk losing part or all of them if their car or truck is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease, even though it means that your monthly payment will be slightly higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#185 of 220 Holly's dad (Hollydog) by hollydog Mar 13, 2008 (6:49 am)
Car_Man Thanks for the advise. My lease had to be 4 or 5 years (the 63 months was Ok) as it is a work provided vehicle and my arrangement at work calls for that structure. I also got an extended warranty (not part of the lease) provided by my employer. I was required to keep the total monthly payments very close to $650 and was told by several Porsche dealers that I could not get this vehicle unless the lease was 60 - 63 months. I was entitled to a downpayment of $3,000 plus the first payment. Given all of this, did I get a good deal from the Porsche dealer on price and monthly payments. Thanks very much.
#186 of 220 GTS info needed by eallen99 Mar 13, 2008 (5:49 pm)
Anyone know/have lease rates for the GTS? Looking for 3yr/12K.   Also it looks like a lot of dealers in socal have 10+ in stock. Does anyone know if they're trying to replace to S or if they're just not moving?   Any thoughts on how much movement off MSRP? From what I can tell it's basically an S with sport exhaust and 21's. So of course, I wonder if I should add aftermarket rims/exhaust to an S and get a better deal...   Love the ride but finding it hard to pull the trigger given what else you can get for $1200--$1400/mo.

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