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Porsche Panamera Lease Questions



  • rainpudirainpudi Posts: 2
    Thanks Car_man.

    I have been talking to different dealers on a Base Model and none of them are going below $1181. Any suggestions as to the best place to try ? I am in Florida.

  • rainpudirainpudi Posts: 2
    I have talked to multiple dealers and all of them have said that the May buy rate money factor for a 2012 Porsche Panamera is 0.0020 and not 0.00120.

    Car_man , is there any place where we can check the correct rate that Porsche Financial Services is offerring?

  • crimattcrimatt Posts: 18
    edited May 2012
    Actually, the May buy rate for the 2012 Panamera 4 is .00200 until July 2, 2012. The buy rate for the 4S is .00200 for that same period for those who qualify for PFS top tier credit rate.

  • crimattcrimatt Posts: 18

    The Panamera 4S has a money buy rate of .0012 for those who qualify for PFS upper tier credit rate. This money factor is good at least until July 2, 2012.

  • emmhollaemmholla Posts: 2
    Hey Car_Man,
    What can I expect to pay for a Porsche Panamera 4S with no money down and taxes rolled into the monthly payment. 36 Months 15k Miles a year.. Retail Price is about 120k.. Thanks in advance...
  • larciellarciel Posts: 2
    I'd like to know answer to emmholla's question too. Thx in adv!
  • joeygjoeyg Posts: 9
    Looking to confirm residual and MF for June 2012 delivery. Am I correct that MF is .00200 and residual for 12k miles is 58%. I'm hearing different numbers from different dealers and I'm concerned that they are marking up MF.

  • crimattcrimatt Posts: 18
    edited June 2012
    Assuming a reasonable 7% discount off of the MSRP, you are looking at roughly a $1416/month payment for a $120K Panamera 4S for 36 months and 12,000 miles/year. This payments reflects all taxes and fees up front (~ $6900).

    If you were to bury those fees into your payment, the monthly rent would increase to $1559. These figures assume the use of a Residual percentage of 57%.

    Remember, the current Money Factor of .001200 for the 4S will only continue until 7/02/2012. However, this does not preclude the very likely possibility that PFS may decide to make the MF even more attractive after that date.

    Good luck on your purchase!

  • 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
  • gittledoggittledog Posts: 4
    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
  • zheckszhecks Posts: 34
    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%.
  • gittledoggittledog Posts: 4
    Thanks for the info.
  • monacobmwmonacobmw Posts: 8
    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.
  • lexusjglexusjg Posts: 3
    edited July 2012
    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.
  • lexusjglexusjg Posts: 3
    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.
  • rwinston2rwinston2 Posts: 5
    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?
  • gittledoggittledog Posts: 4
    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
  • 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
  • rwinston2rwinston2 Posts: 5
    In response to the $1325 per month quote on the 2012 V6, we need to know a lot of information to determine if it is good.
    I assume that this is a 36 month lease.
    The next question is whether it is 10k, 12k, or 15k miles.
    You have to consider an $895 lease acquisition fee and the typical "dealer" fee.

    It is important to remember that the final payment is the "result" of many factors. When dealer asks you "what do you want to pay," they are banking on your lack of leasing knowledge to build in hidden profit. If you ask me if $1325 per month on a 3 year, 12k per year lease is high for a car of MSRP of $85k, I would say definitely yes. The dealer is charging you something around MSRP for the car, and they are likely building in a higher money factor to make more profit.

    If you learn how a lease works, you can save thousands of dollars.

    If you don't have time to figure this out, then you should be negotiating the purchase price of the car as if you are buying it. Then ask the dealer to insert this purchase information into the computer without doing any mark-ups on the "money factor." You should be able to get 90% of the way there if the dealer uses a true purchase price and does not mark up the money factor.
  • fallmanfallman Posts: 9
    Just wanted to know if the Conquest program is still available for Panamera 2012 or 2013. Could not find any information on the Web. Also, what type of discounts are people getting on 2012, with 2013 just on the way. Thanks.
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