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Porsche Cayenne Lease Questions

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  • Hello Car Man. My Cayenne is almost ready to arrive after an agonizing 4 month wait! =D Could you please provide me with the money factor and residual 36 mos 10k mi/yr for top tier and second tier. What's the credit score to qualify for both? Thank you very much!
  • chaozz1chaozz1 Posts: 49
    Is there any eco credit like BMW has .. Porsche is not known for dealing on cars,
    how much are people getting off msrp? I know standard is 3%
  • dannylydannyly Posts: 8
    Carman,
    I'm trying to figure out the lease rate for a Cayenne 66,000 for 36mo. 12k per year with tier 1 credit. I get all different numbers from the dealers. What should it be tax included?

    Thanks,
    D
  • bryterrybryterry Posts: 9
    Hi Car_man,

    May you please provide me with the top tier lease MF and residual for a 2013 V6, 36 month lease, 12k mi? I saw your post for the february #'s and i am curios of the change, if any.

    thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey anonymoususer. Four months. Wow, you must have really wanted that Cayenne :). Porsche Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a base 2013 Cayenne with an automatic transmission and 10,000 miles per year are .00200 and 54% for consumers who qualify for its top credit tier. I'm not sure what credit score is necessary to qualify for the top rate, but I can try to find out.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi chaozz1. Porsche is not currently providing any cash incentives on the Cayenne Diesel that I am aware of.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi dannyly. Porsche Financial Services' current buy rate lease money factor for a 36-month lease of a 2013 Cayenne is .00200 for consumers who qualify for its top credit tier.

    I need both an MSRP and a selling price as well as a description of the trim level that you're getting, i.e. base with an automatic transmission, S, Turbo, etc...to work up a payment for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Certainly bryterry. The March lease program was temporarily extended. Porsche Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2013 Cayenne V6 with an automatic transmission and 12,000 miles per year are .00200 and 56% for consumers who qualify for its top credit tier.

    Car_man
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  • dannylydannyly Posts: 8
    Carman,
    Thanks for replying! I'm at tier1
    The MSRP is 67115 and I need to negotiate the selling price. What are they discounting with these?
    It's the base model with auto v6 premium pkg plus with bose and 19in wheels.
    Looking for a 12k lease 36mo with just inception cost.

    Thanks,
    D
  • bryterrybryterry Posts: 9
    Thank you Car_man!!
  • bryterrybryterry Posts: 9
    I just went through the leasing process and as it has been said before, know your stuff before you walk through the door...

    I just leased a V6, 12k miles for 36 mos and was able to negotiate $4k off of the MSRP with a MF of .0024 and residual of 56%. Unfortunately, none of the 3 dealers that I went to were willing to budge on the MF. I insisted that top tier was .0020 and I was basically told that the dealership needed to make money and that no one gets .0020. Finally to "make up" for the MF, the dealer that I ended up going with took off $4k when he initially quoted just a little over $2,500 off - I considered that good enough and moved forward.

    I used Edmonds.com to create a true value for the cayenne with the options that I wanted, shopped around for a bit, let everyone know that I was already in contact with other dealers and ended up with a better deal because each dealer i met with knew that i had done my homework. I'm still a bit bummed that I didn't get the .0020 MF, but I did not expect to get $4k off so I guess that is a win for me.
  • dannylydannyly Posts: 8
    Thanks for your post. I'm looking at the same vehicle and same terms with nothing down. How much was your payments taxin?
  • bryterrybryterry Posts: 9
    Base is $977 + tax around $70ish
  • cooperp7cooperp7 Posts: 1
    Hi Car_Man,

    I am currently looking at leasing a 2013 Cayenne Turbo. Terms are 27 month, 15k per year and the MSRP is $123,490. The dealer seems to have a significant amount of this model in stock and the 2014's are just around the corner. What do you think the percentage discount I should receive off the MSRP? What should I expect for MF and residual for this type of lease? I am in the top tier with a credit score of 790+.

    I currently also own a 2008 Cayenne S free and clear which is in good condition with 63K miles. I would consider trading it in as part of the deal, how should I use this in negotiating?

    Thanks,
    Cooper
  • dannylydannyly Posts: 8
    Bry,
    Thanks for the numbers.
    I just leased my new Cayenne. I wanted to post my experience since it helped reading others.
    I got a diesel with premium pkg and bose and 19inch wheels.
    The total MSRP was $69975 and I negotiated for about 2200 plus inception cost. Unfortunately, I gave them the dealer fee but I should have fought it.
    Final payments are 1045 taxin.
    Thanks for everyone's help.
  • dragonfdragonf Posts: 2
    Hi Danny,
    What was your down payment? Did you get the .002 MF? Dealers usually mark up the MF, and claim that they have to. I got a payment of $1,002 for a Porsche cayenne that had an MSRP of $57,000 for 36 mo. 15k/yr. this translates to a MF of .00271. I really wanted the car so I accepted it. I also asked car_man about this in a private email as I think the dealer lied to me and ripped me off. I am not sure if any dealer in the USA offers the MF of .002. If they do offer it, I'd like to know which one. I will buy my next Cayyene from them.

    Thanks.
  • bryterrybryterry Posts: 9
    dragon,

    just wanted to reply to your MF comment...

    I too got the sense that dealerships wont offer the MF of .0020. dealers will make concessions on the MSRP and shave some of the markup off, but they will not budge on the MF. I literally went to another Porsche dearership a few towns over, showed them the numbers that the other dealer gave me (screen shots from the business manager's computer), and told them that i would do business with them on the spot if they gave me a MF of .0020. I was told to go back to the other dealership. also, i spoke to another dealership over the phone, gave them the same numbers and I was told they cant budge on the MF.

    I do feel, however, that being prepared and knowing my stuff about leasing and manufacturer's costs put me in the position to bargain the MSRP even lower than i anticipated them to go.
  • detcardetcar Posts: 5
    Hey Carman,

    As you can see, I'm a little all over the map... hybrid lexus yesterday vs Cayenne today?? Ugh! Would you be kind enough to let me know the MF and resid on 48 month 10 and 12K for the base cayenne w/ automatic? thanks so much!

    detcar
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome bryterry.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Cooper. I'm not really all that familiar with what the pricing is like out there for the Cayenne right now. I can tell you however that Porsche Financial Services' April buy rate lease money factor for it is .00200 for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I know the feeling, detcar :). Here you go.

    Porsche Financial Services' April buy rate lease money factor and residual value for a 48-month lease of a 2013 Cayenne Base with 12,000 miles per year are .00200 and 46% for consumers who qualify for its top credit tier.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • dannylydannyly Posts: 8
    Dragonf,
    I did not make a down payment, just inception cost which included a dealer fee of 500. I meant to write that I got 2200 off msrp as the negotiated price. I think the mf was .0025 even though I had a 850 credit score. I think dealers always rip you off but just by how much is what matters.

    Thanks for the post.
  • What has been anybody's experience with a single lease payment upfront for a Cayenne V6 with an MSRP around $60k?
  • bryterrybryterry Posts: 9
    Hey Car_man,

    With my car scheduled to be completed in the next couple of weeks, I'm looking to keep an eye out on the lease numbers to see if there is a change (particularly to the MF).

    May you please provide me with the top tier lease MF and residual for the 2013 V6, 36 month lease and 12k miles for May? Thank you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey bryterry. The Cayenne money factors are still the same. Porsche Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Cayenne V6 with 12,000 miles per year are .00200 and 56% for consumers who qualify for its top credit tier.

    Car_man
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  • bryterrybryterry Posts: 9
    Car_man,

    Thank you again for your help!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome bryterry.

    Car_man
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  • bryterrybryterry Posts: 9
    edited June 2013
    Car_man,

    After what seems like a very long wait, I will be picking up my Cayenne later this month!

    Before I finalize everything, may you please provide me with the top tier lease MF and residual for the 2013 V6, 36 month lease and 12k miles for June? Thank you!
  • marc68marc68 Posts: 27
    Car Man,

    Doesn't Porsche Financial Services max out the MSRP for a Cayenne 6 lease at 65k?
    That would mean the residual for 12k/36m would be $36,400 which would make the residual 51% and not 56%. This is what a dealer told me. Just wanted to see if its true. Thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'm sure that you're excited bryterry. Here you go.

    Porsche Financial Services' June buy rate lease money factor and residual value for a 2013 (are you sure that it's a 2013 model, aren't the '14's out) Cayenne V6 with 12,000 miles per year are .00200 and 56% for consumers who qualify for its top credit tier.

    Car_man
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