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Porsche Cayenne Lease Questions

207 messages,  Last post on Jul 11, 2008 at 8:49 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#179 of 207
How to factor in acquisition costs by cal4492
Feb 15, 2008 (6:52 pm)
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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
#180 of 207
Re: How to factor in acquisition costs [cal4492] by eights38
Feb 15, 2008 (10:45 pm)
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Replying to: cal4492 (Feb 15, 2008 6:52 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 207
Re: How to factor in acquisition costs [cal4492] by plamp
Feb 21, 2008 (3:26 pm)
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Replying to: cal4492 (Feb 15, 2008 6:52 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 207
holly'sdad by hollydog
Feb 27, 2008 (1:26 pm)
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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.
#183 of 207
Re: How to factor in acquisition costs [cal4492] by Car_man HOST
Mar 13, 2008 (3:20 am)
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Replying to: cal4492 (Feb 15, 2008 6:52 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 207
Re: holly'sdad [hollydog] by Car_man HOST
Mar 13, 2008 (3:29 am)
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Replying to: hollydog (Feb 27, 2008 1:26 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 207
Holly's dad (Hollydog) by hollydog
Mar 13, 2008 (7:49 am)
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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 207
GTS info needed by eallen99
Mar 13, 2008 (6:49 pm)
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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.
#187 of 207
Porsche Cayenne Lease by nj_bmw_byer
Apr 01, 2008 (6:43 am)
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Porsche Cayenne lease numbers
 
MSRP $53.955.00
Edmunds Factory Inv. $47,000.00
CAP COST $ $51,500.00
Res. Val 62%
Money Factor .0027
36mo/10K per year
inceptions: $4000.00 (includes taxes)
monthy $730.00
 
Can anyone help? Does this seem like a fair deal. In the NY/NJ area?
#188 of 207
I would like to lease a Cayenne. Tips/Advice? by chris7469
Apr 13, 2008 (4:28 pm)
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I would like to lease a base Cayenne with the preferred package, Bose ss, Tiptronic AT and Cayenne S 18 inch wheels.
 
I spec the MSRP to be 53,300. I have top tier credit and live in central NJ, so I can goto Princeton and Fleminginton. I can also travel north for a deal.
 
I would like 12,000 or 15,000 miles each year, for 36 or 39 months. I want to put nothing down but the required payments.
 
Can someone please provide the most current money factors and residuals?
 
What should I be able to get the MSRP down to?
 
Additionally, what monthly payment is a really go deal on each term?
 
Thank you in advance for all of your help.
 
CM

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