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Porsche Cayenne Lease Questions

482 messages,  Last post on May 15, 2013 at 4:08 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 10 of 49

#89 of 482 Re: Question about leasing a Porsche Cayenne S [starroth] by racer_65

Jul 20, 2006 (12:29 pm)

Replying to: starroth (Jul 19, 2006 12:24 pm)
Can't help you with the leasing aspect, but here's the scoop on the new model release:
- True, there will be no 2007 model.
- A facelifted Cayenne will come out around Feb-March 2007 as a 2008 model. Some horsepower increase is expected.
- To fill the gap between now and next year, Porsche is issueing a special "Titanium Edition" model. These are still 2006 cars, but come with special Titanium colored trims and options package, starting at a base price of around $65K.

#90 of 482 Base Automatic Cayenne by highride

Jul 25, 2006 (2:15 am)

I was curious to know what the going lease is on a BASE Porsche Cayenne just a total base one with automatic transmission. Thanks any reply would be greatly apreciated

#91 of 482 Re: Base Automatic Cayenne [highride] by Car_man HOST

Aug 06, 2006 (5:34 am)

Replying to: highride (Jul 25, 2006 2:15 am)
Hi highride. I would be happy to estimate what the lease payment should be like on the Cayenne that you are interested in. However, in order for me to do so I need some additional information form you first. This information includes the full MSRP of the truck that you are interested in (including the destination charge), its approximate selling price, how long you want to lease it for, and how many miles per year you need to be able to drive it. You can find the MSRP and dealer invoice price of the truck that you want by visiting the following section of this site: Edmunds.com - New Vehicle Pricing. You may be able to get an idea of how much you will have to pay for this truck by visiting the following discussion: "Porsche Cayenne: Prices Paid & Buying Experiences". Let me know and I'll crunch some numbers for you.
 
Car_man
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Prices Paid Forum

#92 of 482 Cayenne S: What's Fair? Los Angeles. by stovy

Aug 13, 2006 (11:28 pm)

Hi everyone. A first-time poster here.
I wanted to ask if my expectations for leasing a Cayenne S are unreasonable.
 
I've been scouring this forum and I have been calculating a potential lease off of .56%-.58% (12K-15K), a money factor of .0029, and minimum drive off.
 
I've been to a couple of porsche dealers and they have quoted me above the MSRP. One dealer told that they are giving me thousands below invoice, but the lease came in at around $950/mo tax not included(48 months). When I asked him about the residual value and mf, he told me about 40 something percent and .0032. He was pretty friendly until I started asking about the mf/residuals and going into the calculations. Then, he became very curt and said give me a counter offer. He even took the car I was looking at out of the discussions as it was the Titanium edition and said we should look at the models that have been on the lot for a while. That is fine by me if he would give me a good rate, but it looks like he is giving me a low residual on the older vehicles.
 
What is the best deal I can get on a $67,000 msrp Cayenne S (or a $50,000 Cayenne) with exceptional credit (885 transU)? I would go with the 48mo lease as I think it would be cheaper from my calcs.
 
Can I expect a MF of .0029 or lower and a residual of 56-58%?
 
Will the 2006 S get me better deals than the titanium edition? One of the dealers was implying that the titanium would hold higher residuals, but I assume they would hold the car price close to MSRP.
 
I'm literally planning on walking into a dealership and saying take it or leave it. If they don't bite, Lexus is offering me great deals on their GS300s. Whatever happens, tomorrow is the day =) Would appreciate any help and apologies for the long post.
 
THANKS!
S

#93 of 482 2006 Cayenne S lease question by tomster2t

Aug 21, 2006 (8:58 am)

I am looking at a 2006 Cayenne S with a MSRP of $62,710. The dealer has discounted the vehicle to $54,000. I need a 36 month lease with 25,000 miles per year. I am planning on $0 down. The dealer has quoted $1091.22 per month. How does that sound?

#94 of 482 Re: Cayenne S: What's Fair? Los Angeles. [stovy] by Car_man HOST

Sep 28, 2006 (3:26 am)

Replying to: stovy (Aug 13, 2006 11:28 pm)
Welcome stovy. Porsche Credit's current base lease rate and residual value for a 48 month lease of a 2006 Cayenne S with 15,000 miles per year are .00320 and 42%, respectively. As you can see, this truck's actual lease program is less attractive than the one that you were expecting. The numbers for a 36 month lease are more in line with your expectations, at .00310 and 52%. The Titanium Edition's residual values are actually 2% higher than the Cayenne S' residual values are. However the added cost of the package and the fact that the dealer that you are working with seems less anxious to provide a good deal on the Titanium model will likely make it more expensive to lease.
 
Car_man
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Prices Paid Forum

#95 of 482 Re: 2006 Cayenne S lease question [tomster2t] by Car_man HOST

Sep 28, 2006 (3:30 am)

Replying to: tomster2t (Aug 21, 2006 8:58 am)
Hi tomster2t. Let's use Porsche Credit's current lease program to estimate what this vehicle's lease payment should be. According to my calculations, if you were to lease a 2006 Porsche Cayenne S with an MSRP of $62,710 and a selling price of $54,000 through Porsche Credit right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $863. 15,000 miles per year is the highest mileage allowance that I have seen Porsche Credit publish residual values for. If you need to drive more than this, you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
 
Car_man
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Prices Paid Forum

#96 of 482 Re: 2006 Cayenne S lease question [tomster2t] by bimbobrakes

Sep 28, 2006 (7:57 am)

Replying to: tomster2t (Aug 21, 2006 8:58 am)
Good. I got a 2006 Titanium edition with a list of 66k+ for 4 years with 15k per yr. 1800 down and 1100 per mo.
Mckenna sold it in Norwalk. Nice people and they let me drive several before purchase. Check out the Titanium model as a lot of extras on the S come with it, i.e.Navigation, 19" wheels, Xenon lights, etc. I love it!

#97 of 482 October rate by boilerroompete

Oct 01, 2006 (3:50 pm)

Hi Car_Man and everyone!
  My girlfriend and I are in the market for the Cayenne V6. I was reluctant to lease a cayenne in September due to the money factor and residual rates. I spoke to McKenna Porsche in California over the phone and they claimed the best residual rate they could offer me with Tier 1 credit was 35% for 60 month lease, which was ridiculous compared with the information I found here.
  Now it's October and my question is -- What is the BEST money factor and residual for either 12000 or 15000 miles/year and either 36 or 48 lease on a '06 cayenne? Thanks for your response in advance and looking forward to joining the Porsche family!
 
Peter

#98 of 482 Re: October rate [boilerroompete] by Car_man HOST

Oct 23, 2006 (2:41 am)

Replying to: boilerroompete (Oct 01, 2006 3:50 pm)
Hi Peter. Sixty months is an awful long time to lease a vehicle for. It is usually fairly expensive to break leases early and a lot can happen over the course of five years to make you want to get a different vehicle. For example, your family needs could change causing you to need more room, your commute could change causing you to go way over your vehicle's mileage allowance, you could just plain get sick of your vehicle, etc... You would be much better off leasing for 36 months. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a base 2006 Cayenne with 15,000 miles per year are .00310 and 54%, respectively. Just in case you want to lease it for longer than this, its 48 month numbers are .00320 / 44% and its 60 month numbers are .00320 and 37%. If you decide to go with 12,000 miles per year, its residual values would be 2% higher.
 
Car_man
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Messages Page 10 of 49

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