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Porsche Cayenne Lease Questions

Hi everyone. Please use the following discussion to post any questions that you have about leasing a Porsche Cayenne. Thanks.

Car_man
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  • Hi, car_man, I an trying to lease a Cayenne 36 mo/12,000mi. MSRP is 53,000. I don't know their money factor, or the residual in September. What is a fair lease price? Are the deals better on Cayenne S MSRP 67,000 ? Thanks.
  • Hi alex15. If you were to lease a 2005 Porsche 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 .00270 and 56%, respectively. I am not sure what the market is like for this truck right now, but you may be able to get a good idea of how much you should pay for one right now by visiting the following discussion: "Porsche Cayenne: Prices Paid & Buying Experiences". Once you know what you want to pay for this truck, stop back and provide me with an approximate selling price and its full MSRP (including the destination charge) and I can calculate a sample lease payment for you.

    Car_man
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  • dl7265dl7265 Posts: 1,381
    The same rates on the V6 ? I thought the residual would be higher...

    DL
  • Caraman,

    I have negotiated a Cayenne! 05/ V6 / Titanium Metalic/ Black inside MSRP $49.680 Price negotiated at $42.782

    What will the lease numbers look like for a 30 or a 36 month lease with 12,000 miles/year. Thanks in advance.
  • Hi Car man

    Can you please provide me with the residual values for 24 months 10k,12k,15k miles p/y ?
    Also, what is the actual Bank Fee?

    Thanks
  • Ddl7265, the residual value for a 36 month lease of a 2005 Porsche Cayenne V6 through Porsche Credit is actually 2% lower than the residual value for the '05 Cayenne S.

    Car_man
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  • Hello icechunk. Let's work up a lease payment for you and see what we come up with. According to my calculations, if you were to lease a 2006 Porsche Cayenne V6 with an MSRP of $49,680 and a selling price of $42,782 through Porsche Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $632. I have not seen the numbers for a 30 month lease of this truck through Porsche Credit.

    Car_man
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  • Hi sjl225. If you were to lease a 2006 Porsche Cayenne S through Porsche Credit right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be a whopping .00405 and 58%, respectively. Its 12,000 miles per year residual value would be 2% higher and its 10,000 miles per year residual value would be 3% higher. The last time that I saw it, Porsche Credit's lease acquisition fee was $745.

    Car_man
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  • Car Man...
    The MSRP on the new '05 Cayenne is about 54.8. The selling price would be 48 not including tax, titles, etc... My monthly payment would be 661. If I can get the TTL included it would be 640 on a 5 year lease. The base price is about 44 (its full of gadets).
    Does that sound like a good deal? 5 years is seems like a long time. Should I wait until December to buy? I understand that's when you can get a really good deal. Or, does this sound pretty good. I could use a little imput.
    Thanks for any info you can provide
  • Greetings valerie3. Five years is way too long to lease a vehicle for. A lot can happen over the course of five years to make you want to get out of your lease early - and this is usually a very expensive thing to do. For instance, you could get fed up with spending big bucks to feed your Cayenne at the pump. Or your commute could change, causing you to put way more miles on your Cayenne than you had intended and to have to pay a large excess mileage penalty. Four years is the longest lease that I advise anyone to enter into and a 36 to 39 month lease is a much more reasonable term. Let's calculate a sample 36 month lease payment on the truck that you are considering and see what its payment is like. According to my calculations, if you were to lease a 2005 Porsche Cayenne S with an MSRP of $54,800 and a selling price of $48,000 through Porsche Credit right now for 36 months with 12,000 miles per year, its zero down, pre-tax monthly payment should be around $694.

    As far as waiting goes, if you wait until December you may have a hard time finding a 2005 Cayenne to lease. I have heard that there aren't that many 2005 models left on dealer lots. When negotiating your lease on this Cayenne, keep in mind that dealers will be anxious to unload their remaining 2005 models and that in August Porsche paid its dealers just over $3,000 per truck to convert most of their remaining Cayennes into demo vehicles. As a result, there is a good chance that you can get the Cayenne that you are considering for less than dealer invoice.

    Car_man
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  • Car-man, Car-man, how you know all of this stuff I'll never know!!!! I am impressed. I'm truly stressing over all of the info and wanting a good deal. I'm going to put on my game face and see what happens. I'll keep you updated.
    Thank you very much
  • :blush: Thanks valerie3. I am glad that I was able to help you out. Good luck and let us know what happens.

    Car_man
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  • Car man,

    When do you expect the Cayenne 2007 to be ordered from dealers? Any idea on the pricing for the big engine? I've heard the new S is for 'souped up'...lol..500hp? Also, i'm considering a 24 month 25000/year lease with TechArt modification. For a $100,000 vehicle, what would your current leasing offers be for $5000 down? And how does after market modification affect the leasing rate?

    Thanks!

    Mr_nomad2007
  • wesamwesam Posts: 13
    Car_man,

    Could I please have the current money factor and residuals for a 2006 Cayenne S on a 36 month lease with either 12k or 15k a year. Also, what other costs are charged by Porsche? I live in Wisconsin if that matters.

    Thanks,

    Wesam
  • Hi mr_nomad2007. This specific discussion is about leasing. I would be happy to answer any questions that you have on that subject, but you need to stop by the following discussion for answers to questions about the release of the '07 model and pricing: "Porsche Cayenne".

    You never mentioned the selling price or MSRP of the Cayenne that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the truck that you are interested in for you if you let me know what these numbers are.

    Car_man
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  • Greetings Wesam. If you were to lease a 2006 Porsche Cayenne S 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 .00280 and 57%, respectively. Its 12,000 miles per year residual value would be 2% higher. If you were to lease this truck through Porsche Credit, at lease signing you would have to pay its first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, its $745 acquisition fee, and any required state taxes or fees. Some of these items can be rolled into your vehicle's capitalized cost if you want.

    Car_man
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  • Car_man,

    I want to either purchase or lease a 2006 Cayenne, 6 speed manual that with add-on's has a MSRP of $50, 235. The dealer told me they would honor a %7.0 discount off the MSRP on a sale. Do you think I can get a better price than this? Also what would be a good monthly lease fee/deal with this car?

    Thanks!
  • Hi statman1. A base 2006 Porsche Cayenne with a manual transmission has over a 12% spread between its full MSRP and dealer invoice price. A 7% discount is decent, but there is still some room there. I am not personally all that familiar with what the market is like for this model, but if you find that 7% off is the best that you can do in your area I wouldn't have a problem with this price. Let's work up a lease on this truck and see what your lease payment should be like. According to my calculations, if you were to lease a base 2006 Porsche Cayenne with an MSRP of $50,235 and a selling price of $46,719 (a 7% discount from MSRP) through Porsche Credit right now for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $709.

    Car_man
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  • Car_man,

    Thanks for all of the very valuable information you listed in regards to my question/lease. It's wonderful to be able to walk into a dealer armed with knowledge like this!!! Your figures are better than my last attempt with the salesperson, so I believe I will be able to get them to come down a little bit more before signing the lease!

    Thanks again!
  • cfiusacfiusa Posts: 3
    Hi Car_man:

    I am looking to lease a Cayenne Turbo with a MSRP of $106,970, I am interested in a 36/15,000 lease, could you help me work out what kind of numbers I should be looking at? Thanks for your help.

    CFI
  • cfiusacfiusa Posts: 3
    Car_man:

    Zero down, and in the SF bay area, tax rate is 8.5%

    Thanks.

    CFI
  • No problem, statman1. Good luck negotiating your lease and make sure to stop back and let us all know how everything turned out.

    Car_man
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  • Hi cfiusa. You never mentioned the selling price of the Cayenne that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the truck that you are interested in for you if you let me know what its selling price is. You may be able to get an idea of what price you should pay for it right now by visiting the following discussion: "Porsche Cayenne: Prices Paid & Buying Experiences".

    Car_man
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  • Thanks for your reply, Car_man, the MSRP for the Cayenne Turbo is $104,095, the sale price is $96,607, money factor at .0029, the said there is a MRM which limits the value to 100,100, that brings the residual to 57,057.00, amount due at signing is $4,948.77 which includes the first month payment of 1,622.08, Cap cost reduction is 2377.06, Lic fees is 690.00, tax is $205.88, doc fee is 53.75. This is a 36 month/10K lease. Lease Aquisition fee is $745.00.

    Unfortunately this is a done deal. I just want to know how bad the deal was. I asked for a 15K/year during our negotiation, but after reviewing the lease docs after I got home, it turned out to be a 10K/year lease, I felt I got scammed. The salesman claims that he made a mistake and did not realize the MRM and had to readjust the payment, then the 2nd time after I thought it was a honest mistake they sneak in this 10K/year. It was my mistake for not reading the lease doc carefully. :mad:

    Thanks.

    cfiusa
  • Hi Car_man - just a question about financing - how is the buy rate lease money factor calculated, and is a higher or lower value a better number? (ie. what are it's real-world impacts on the value of the deal?)

    Thank you! :)

    /DA
  • You're welcome, cfiusa. I'm sure that not getting the mileage allowance that you thought you were is very frustrating. If you really need 15,000 miles per year, there is a good chance that you will rack up one heck of an excess mileage penalty by the time your lease is done. Not to rub salt in your wound, but this is why it is extremely important to read your lease contract very carefully before signing. I know that this is tough sometimes because you are excited to get your new car and this can often be a long, tiring process, but it is important.

    All is not lost though because the deal that you were given on this truck is not bad. You were given a decent discount on it (it's amazing what a huge spread between this truck's MSRP and invoice prices) and the dealer that you are working with used Porsche Credit's buy rate lease money factor to calculate your payment.

    Car_man
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  • Hi dandrews1. One cannot calculate what their vehicle's money factor should be. It is published by banks. It is used to calculate the interest portion of your lease payment. As a result, the lower your money factor is , the better. You can convert a money factor into an approximate interest rate equivalent by dividing it by 2400. Porsche Credit's current buy rate lease money factor for 36 month leases is .00290. This is equivalent to an interest rate of around 6.96%. Individual dealers do not have the authority to lower banks' published residual values, but they can mark them up to add additional hidden profit to deals. This is why it is important to know what the buy rate money factor for the vehicle that you are leasing it. Consumers who know what it should be are usually able to convince dealers to calculate their lease payments using it.

    Car_man
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  • wesamwesam Posts: 13
    Car_Man,

    Can you please give me the money factor, and residual on a 2006 V6 (with nav) Cayenne, at 15K a year, for 36 months? Also, how much is the acquisition fee?

    Have you seen March's rates yet? If yes, what are they?

    Thanks,

    Wesam
  • Hey Carman,

    Thanks for helping all of us out. I ordered a Cayenne S from a dealership in CA (who ordered it custom from the factory) and i got a good discount of @ 10% off MSRP. The selling price of the car was $56,800. I have perfect credit, i am planning on doing 3 year and 36k miles. I am also planning on putting down $5k dollars.

    What money factor should i be getting? What is the residual value of the car after the three years? What should my monthly be on these terms?

    Thanks for your help Car Man!!!

    :shades:
  • 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?
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