- #21 of 244
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2006 Cayenne Turbo
by cfiusa
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Jan 18, 2006 (10:08 pm)
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Hi Car_man:
I am looking to lease a Cayenne Turbo with a MSRP of $106,970, I am interested in a 36/15,000 lease, could you help me work out what kind of numbers I should be looking at? Thanks for your help.
CFI
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- #22 of 244
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2006 Cayenne Turbo
by cfiusa
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Jan 18, 2006 (10:20 pm)
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Car_man:
Zero down, and in the SF bay area, tax rate is 8.5%
Thanks.
CFI
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- #23 of 244
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Re: Car_man, I need your wisdom... [statman1]
by Car_man HOST
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Feb 01, 2006 (3:00 am)
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Replying to: statman1 (Jan 15, 2006 1:24 pm)
No problem, statman1. Good luck negotiating your lease and make sure to stop back and let us all know how everything turned out.
Car_man
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- #24 of 244
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Re: 2006 Cayenne Turbo [cfiusa]
by Car_man HOST
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Feb 01, 2006 (3:03 am)
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Replying to: cfiusa (Jan 18, 2006 10:08 pm)
Hi cfiusa. You never mentioned the selling price of the Cayenne that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the truck that you are interested in for you if you let me know what its selling price is. You may be able to get an idea of what price you should pay for it right now by visiting the following discussion: "Porsche Cayenne: Prices Paid & Buying Experiences".
Car_man
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- #25 of 244
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Re: 2006 Cayenne Turbo [Car_man]
by cfiusa
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Feb 06, 2006 (8:34 am)
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Replying to: Car_man (Feb 01, 2006 3:03 am)
Thanks for your reply, Car_man, the MSRP for the Cayenne Turbo is $104,095, the sale price is $96,607, money factor at .0029, the said there is a MRM which limits the value to 100,100, that brings the residual to 57,057.00, amount due at signing is $4,948.77 which includes the first month payment of 1,622.08, Cap cost reduction is 2377.06, Lic fees is 690.00, tax is $205.88, doc fee is 53.75. This is a 36 month/10K lease. Lease Aquisition fee is $745.00.
Unfortunately this is a done deal. I just want to know how bad the deal was. I asked for a 15K/year during our negotiation, but after reviewing the lease docs after I got home, it turned out to be a 10K/year lease, I felt I got scammed. The salesman claims that he made a mistake and did not realize the MRM and had to readjust the payment, then the 2nd time after I thought it was a honest mistake they sneak in this 10K/year. It was my mistake for not reading the lease doc carefully. 
Thanks.
cfiusa
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- #26 of 244
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Re: 2006 Cayenne S [Car_man]
by dandrews1
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Feb 06, 2006 (9:25 am)
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Replying to: Car_man (Dec 02, 2005 4:11 am)
Hi Car_man - just a question about financing - how is the buy rate lease money factor calculated, and is a higher or lower value a better number? (ie. what are it's real-world impacts on the value of the deal?)
Thank you! 
/DA
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- #27 of 244
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Re: 2006 Cayenne Turbo [cfiusa]
by Car_man HOST
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Feb 22, 2006 (3:35 am)
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Replying to: cfiusa (Feb 06, 2006 8:34 am)
You're welcome, cfiusa. I'm sure that not getting the mileage allowance that you thought you were is very frustrating. If you really need 15,000 miles per year, there is a good chance that you will rack up one heck of an excess mileage penalty by the time your lease is done. Not to rub salt in your wound, but this is why it is extremely important to read your lease contract very carefully before signing. I know that this is tough sometimes because you are excited to get your new car and this can often be a long, tiring process, but it is important.
All is not lost though because the deal that you were given on this truck is not bad. You were given a decent discount on it (it's amazing what a huge spread between this truck's MSRP and invoice prices) and the dealer that you are working with used Porsche Credit's buy rate lease money factor to calculate your payment.
Car_man
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- #28 of 244
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Re: 2006 Cayenne S [dandrews1]
by Car_man HOST
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Feb 22, 2006 (3:53 am)
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Replying to: dandrews1 (Feb 06, 2006 9:25 am)
Hi dandrews1. One cannot calculate what their vehicle's money factor should be. It is published by banks. It is used to calculate the interest portion of your lease payment. As a result, the lower your money factor is , the better. You can convert a money factor into an approximate interest rate equivalent by dividing it by 2400. Porsche Credit's current buy rate lease money factor for 36 month leases is .00290. This is equivalent to an interest rate of around 6.96%. Individual dealers do not have the authority to lower banks' published residual values, but they can mark them up to add additional hidden profit to deals. This is why it is important to know what the buy rate money factor for the vehicle that you are leasing it. Consumers who know what it should be are usually able to convince dealers to calculate their lease payments using it.
Car_man
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- #29 of 244
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2006 Cayenne V6
by wesam
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Feb 22, 2006 (5:31 pm)
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Car_Man,
Can you please give me the money factor, and residual on a 2006 V6 (with nav) Cayenne, at 15K a year, for 36 months? Also, how much is the acquisition fee?
Have you seen March's rates yet? If yes, what are they?
Thanks,
Wesam
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- #30 of 244
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Ordered My Cayenne S, now need help with lease options
by rrfan1
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Feb 25, 2006 (8:40 am)
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Hey Carman,
Thanks for helping all of us out. I ordered a Cayenne S from a dealership in CA (who ordered it custom from the factory) and i got a good discount of  10% off MSRP. The selling price of the car was $56,800. I have perfect credit, i am planning on doing 3 year and 36k miles. I am also planning on putting down $5k dollars.
What money factor should i be getting? What is the residual value of the car after the three years? What should my monthly be on these terms?
Thanks for your help Car Man!!!
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