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Porsche Cayenne Lease Questions

244 messages,  Last post on Nov 27, 2009 at 1:50 PM

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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#31 of 244
Is this a good lease by rekhag1
Feb 27, 2006 (9:44 pm)
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I have a lease option for the 2006 Cayenne V6, for $999 due at signing, and $569 per month (+ taxes) on a 5 year lease, 12,000 miles. The sale price is $45850+ sales taxes etc. The residual is $21350 based on 12K miles
 
Is this a good deal based on your experience?
#32 of 244
Re: Ordered My Cayenne S, now need help with lease options [rrfan1] by wesam
Feb 28, 2006 (4:00 pm)
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Replying to: rrfan1 (Feb 25, 2006 8:40 am)

rrfan1,
 
I'm not Car_man, but I managed to hunt down the information...since, I'm leasing the same type of truck.
 
On a 3 year 36k, you're looking at a 59% residual, and a .0029 money factory. So, with 5k down, your pre-tax payment should be $685.64. That's assuming an MSRP of $63,111, and a 10% discount, making it $56,800. The acquisition fee of $745 is also included in that payment.
#33 of 244
Re: Ordered My Cayenne S, now need help with lease options [wesam] by rrfan1
Mar 03, 2006 (8:15 pm)
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Replying to: wesam (Feb 28, 2006 4:00 pm)

thanks a lot for your help! i am going to head down to the dealer either this weekend or next... i will let you know if i can get similar rates.
 
was this a deal you recently got on your truck at a porsche dealership?
#34 of 244
Re: Ordered My Cayenne S, now need help with lease options [wesam] by rrfan1
Mar 04, 2006 (6:12 pm)
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Replying to: wesam (Feb 28, 2006 4:00 pm)

Hey wesam,
I am in the bay area and just went to see the dealer. My purchase price is actually $57,225 and the dealer was telling me that it looked like they would give me a 3.9% interest rate which i believe is a 0.0039 money factor and a 58% residual value.
 
this money factor seems quite high. however, now that i have ordered the car direct from factory, i am not quite sure what it is that i should do. how did you get the 0.0029? that makes $100 difference a month on this truck...
 
i appreciate the help
#35 of 244
Help! Dealer Lease good or bad? by lmlearhart
Mar 16, 2006 (9:03 am)
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Hi - I just got back from the Porsche dealer and here is what I was offered. Base Caynne Auto V6 MSRP $49700, selling price $46200. They want me to do 48 months with 7000.oo down and the montly lease would be $629.21 which includes taxes. The residual amount is said to be $24,850....I am lost.
 
I would rather do 36 months with 4000 down...what do you think?
 
Thanks for your help.
#36 of 244
Re: 2006 Cayenne S [Car_man] by lleecpa
Mar 16, 2006 (8:10 pm)
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Replying to: Car_man (Feb 22, 2006 3:53 am)

Hi Car_man,
 
I am thinking either buy or lease a 2006 Cay S in the next 2 weeks. I have picked one with very few option and the MSRP is about $60K. GM has offered $4K off. In term of timing, is it better to purchase/lease end of March vs. mid-April? Any suggestions would be greatly appreciated. Thank you.
 
Linda
#37 of 244
Re: 2006 Cayenne V6 [wesam] by Car_man HOST
Mar 22, 2006 (3:41 am)
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Replying to: wesam (Feb 22, 2006 5:31 pm)

Here you go, Wesam. If you were to lease a 2006 Porsche Cayenne V6 with an automatic transmission through Porsche Credit right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00290 and 57%, respectively. Porsche Credit's base lease acquisition fee is currently $745.
 
Car_man
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#38 of 244
Re: Ordered My Cayenne S, now need help with lease options [rrfan1] by Car_man HOST
Mar 22, 2006 (3:44 am)
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Replying to: rrfan1 (Feb 25, 2006 8:40 am)

No problem, rrfan1. Let me begin by saying that I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for your Cayenne would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.
 
As far as this truck's lease program goes, if you were to lease a 2006 Cayenne S through Porsche Credit right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00290 and 57%, respectively. I would be happy to use these numbers to estimate what your truck's lease payment should be, but in order for me to do so I need you to tell me its full MSRP (including the destination charge).
 
Car_man
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#39 of 244
Re: Is this a good lease [rekhag1] by Car_man HOST
Mar 22, 2006 (3:46 am)
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Replying to: rekhag1 (Feb 27, 2006 9:44 pm)

Hello rekhag1. It would be a big help if you would let us know this truck's full MSRP. This number will show me how much of a discount you are being given and will enable me to use Porsche Credit's current lease program to estimate what your lease payment should be.
 
Car_man
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#40 of 244
Re: 2006 Cayenne S [lleecpa] by Car_man HOST
Mar 22, 2006 (4:57 am)
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Replying to: lleecpa (Mar 16, 2006 8:10 pm)

Hi Linda. The end of the month is usually the best time to purchase a new vehicle. Dealers usually rend to be willing to cut a little better deal then than in the beginning of the month. As far as this truck's lease program goes, it doesn't really matter when you lease though. Porsche almost never provides lease support on its vehicles and Porsche Credit's current unsupported lease program is currently scheduled to run through the end of April.
 
Car_man
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