Ask the Car People.SM


Porsche Panamera Lease Questions

82 messages,  Last post on May 19, 2013 at 10:03 AM

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

What is this discussion about? Porsche Panamera, Car Buying, Car Leasing, Sedan

    

Messages Page 4 of 9

#31 of 82 Re: Porsche Panamera Lease Questions [crimatt] by monstercb2002

Jun 11, 2012 (11:34 am)

Replying to: crimatt (Jun 09, 2012 8:04 am)
I have been following this thread and in the market for a 2012 4S. I have never leased a vehicle before and looking into leasing a 2012 4S.
 
Excuse my "newbie-ness" but when calculating my numbers for what my monthly lease will be, what is the money factor (i.e. .00120) and residual value (i.e. 55%).
 
How do I calculate these numbers into what my monthly lease could be?
 
I have tier 1 credit.
 
Thanks in Advance

#32 of 82 Re: Panamera Lease - Is this high??? [rainpudi] by gittledog

Jul 01, 2012 (3:54 pm)

Replying to: rainpudi (May 09, 2012 6:18 pm)
Were you able to find the lease you were looking for on the panamera? I live in south Florida and shopping around for the best deal. What deals wre you offered? Any help would be greatly appreciated. Thanks

#33 of 82 Re: Panamera Lease - Is this high??? [gittledog] by zhecks

Jul 02, 2012 (10:16 am)

Replying to: gittledog (Jul 01, 2012 3:54 pm)
Porsche is having a promotion on Panamera. I got 8% off from MSRP. Check if the Conquest program is still on. If you currently have a lease with another competitor luxury brand, you can get up to another $3500 off. I got 8% +$2500 conquest => 10.5% off. Not a bad deal at all. Of course, you have to negotiate hard to get your 8%. Some dealers only gave 5-6%.

#34 of 82 Re: Panamera Lease - Is this high??? [zhecks] by gittledog

Jul 02, 2012 (4:15 pm)

Replying to: zhecks (Jul 02, 2012 10:16 am)
Thanks for the info.

#35 of 82 Most Recent Lease Information--Panamera by monacobmw

Jul 02, 2012 (7:04 pm)

I am presenting the most current information that I have. Until July 2, 2012, the base model carried a .00200 rate, but all of the other models carried a .00120 rate.
The residuals are all over the place.
For the base model with 12k, it had a 58% residual. The hybrid was 54%.
These are all for 2012 models. The 2013 models are unknown, but we should figure things out tomorrow (July 3) when the new rates appear.
 
You have to watch out for the money factors. I live in South Florida, and some dealers like The Collection (Miami) and Champion (Pompano) try to cheat customer by adding an extra 40 points to the rates. Thus, they quote the .00120 rate as .00160. This is flat-out deception, and only those who know how leases work would be able to call them out. If you want to know what this type of cheating means, on a $90k Panny, the deceptive money factor quote adds around $3k to the price. As far as I know, the other dealers in Florida don't do this.
 
Let me sum up leasing in a few words. Once you negotiate the purchase price of the car (yes, you have to do this even for a lease), you are effectively paying for your "use" of the car, which is the difference between the purchase price and what the car is still worth when you are done (the "residual"). Plus, you have to pay the bank a finance charge to "borrow" the value of the car for the terms of the lease. When you are driving a $100k car, you are effectively borrowing the $100k for the term of the lease.
When you add your cost for the "use" of the car plus the finance charge to borrow the price of the car until you give it back, you get your lease charge. Spread this over the term of the lease, and you get your monthly payment.
 
I hope that this is helpful for everyone.

#36 of 82 July 2012 Money Factor and Residiuals? by lexusjg

Jul 05, 2012 (11:06 am)

CAR MAN,
 
Any idea if the Money factors and/or residiual changed for July?
 
I am looking for the MF and resifual for 10k or 12k miles per year/ 36 month lease for a base 2012 Panamera with the V-6 engine? Car is approx $82,600.
 
Thanks for the help.

#37 of 82 Re: July 2012 Money Factor and Residiuals? [lexusjg] by lexusjg

Jul 06, 2012 (7:33 am)

Replying to: lexusjg (Jul 05, 2012 11:06 am)
Jul 05, 2012 (11:06 am)
CAR MAN,
  
Any idea if the Money factors and/or residiual changed for July?
  
I am looking for the MF and resifual for 10k or 12k miles per year/ 36 month lease for a base 2012 Panamera with the V-6 engine? Car is approx $82,600.
 
Oh I forgot to ask, any incentives still out there like the guy above mentioned...
  
Thanks for the help.

#38 of 82 Lease Rates (2012 and 2013--best guess) by rwinston2

Jul 07, 2012 (10:38 pm)

I think that the 2012 rates stayed the same.
The base model would be .00200 MF and 58% residual (12k).
 
I have heard that the residuals for 2013 are about 2% lower for most models.
 
I believe the 2013 money factor is the same for the 2013 base, but the MF may have risen from .00120 to .00200 for all of the other models.
 
Any confirmations out there on the rates for the Panemera?

#39 of 82 2012 Panamera Lease by gittledog

Jul 10, 2012 (11:12 am)

CarMan, I just got quoted $1325 incl. taxes per month on an 85k stickered 2012 Panamera V6. Top tier credit. Is this a good deal or am I getting screwed. Thanks

#40 of 82 Re: 2012 Panamera Lease [gittledog] by monstercb2002

Jul 10, 2012 (11:44 am)

Replying to: gittledog (Jul 10, 2012 11:12 am)
gittledog,
 
I have been tracking this post and made a comment earlier. I just leased a 2012 Panamera 4S and paying $1538/month. The out the door price was $102,500. I put $8,000 down. It came to $1,450/month - 12K miles/yr, but I added a warranty package that covered wheels, windshield dings, door dings. After that it came to $1,538.
 
Sounds like you are looking at a regular V6 Panny. No money down on a 4S would have been $1,750 month. There seems to be a $200-$300 interval between Panny models when you lease them.
 
Just my 2 cents...I may be wrong in my assumption. I'm not an expert here

Messages Page 4 of 9

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement