- #35 of 220
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Help! Dealer Lease good or bad?
by lmlearhart
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Mar 16, 2006 (10:03 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.
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- #36 of 220
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Re: 2006 Cayenne S [Car_man]
by lleecpa
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Mar 16, 2006 (9:10 pm)
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Replying to: Car_man (Feb 22, 2006 4:53 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
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- #37 of 220
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Re: 2006 Cayenne V6 [wesam]
by Car_man HOST
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Mar 22, 2006 (4:41 am)
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Replying to: wesam (Feb 22, 2006 6:31 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 220
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Re: Ordered My Cayenne S, now need help with lease options [rrfan1]
by Car_man HOST
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Mar 22, 2006 (4:44 am)
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Replying to: rrfan1 (Feb 25, 2006 9:40 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 220
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Re: Is this a good lease [rekhag1]
by Car_man HOST
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Mar 22, 2006 (4:46 am)
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Replying to: rekhag1 (Feb 27, 2006 10:44 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 220
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Re: 2006 Cayenne S [lleecpa]
by Car_man HOST
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Mar 22, 2006 (5:57 am)
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Replying to: lleecpa (Mar 16, 2006 9:10 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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- #41 of 220
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06 turbo
by bimbobrakes
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Mar 22, 2006 (1:34 pm)
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Hi all and wondering if this is a good or GREAT deal. Can buy a 06 Turbo Cayenne for 9k off, 6% financing for 5 years. In California dealers are very stingy with the discounts. Any suggestons besides buy a Jeep? Thanks!
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- #42 of 220
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Re: 2006 Cayenne S [Car_man]
by lleecpa
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Mar 23, 2006 (5:49 pm)
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Replying to: Car_man (Mar 22, 2006 5:57 am)
Hi Car_Man - Thank you for the great advice. We plan to buy our Cayenne S on March 31st. The sticker price is $60K and general manager has offered $4K off. There are two other Cay S with 500 miles on them and he offered $7K off (sticker prices $63K). These two were used in Women's Tennis tournament. We thought about leasing...since we are purchasing the car under my business...leasing doesn't seem to offer the same tax incentives. I am in San Diego. I am thinking about asking GM to throw in the extended warranty for the car. Any suggestion? We want better deals. Financing has been arranged with my bank. Thank you again for your time.
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- #43 of 220
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Re: 06 turbo [bimbobrakes]
by lleecpa
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Mar 23, 2006 (5:51 pm)
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Replying to: bimbobrakes (Mar 22, 2006 1:34 pm)
You are RIGHT about California dealers are very stingy with discounts. I almost felt a waste a time to ask for few thousands off....Keeping my fingers crossed. We are buying one next week.
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- #44 of 220
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Re: 06 turbo [lleecpa]
by rrfan1
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Mar 28, 2006 (4:12 am)
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Replying to: lleecpa (Mar 23, 2006 5:51 pm)
i live in California and last week finally got my Cayenne S. i did get a deal (~10% off MSRP) and it didnt seem like much of a haggle. on the lease terms i ended up getting 3% rate and 59% residual on 12k miles and 3 years.
the car is AWESOME!
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