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Porsche Cayenne Lease Questions

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  • Thanks Car man!
  • Hi Carman,

    Stumbled on your forum while researching on Automobile leasing. I haven't done car leasing and I am thinking of leasing the new 2008 Cayenne and just wondering what's a good deal out there for this model on a 13K miles on a 4yr lease.

    Any info is much appreciated.

    Thanks,
  • Carman:

    I know the '08 hits dealers on March 3rd. Can you please post the lease rates for this car as soon as you get them?

    I am interested in any lease that has a decent program, although I am aware that Porsche rarely has lease support. Ideal would be 36-48 month lease. Interested in Cayenne V6 Tiptronic.
  • joeadpjoeadp Posts: 68
    Cayenne V6 MSRP of 52k the lease for 36 months 12 miles with no money down was estimated at $900 per month. The sales guy said he was disappointed their was no support from Porshe.

    Looks like you are better off buying this truck.
  • Carman:

    I interested in leasing the 08 Cayenne V6 Tiptronic within these next two months and i'm wondering what the current numbers would be. This is my first time leasing so i'm trying to get as much info. as i can. I would be interested in either a 36 or 48 month lease. I would want to put as little down as possible...thanks for your help!
  • waleaserwaleaser Posts: 1
    Today, I was quoted $925/month, 15K MI, 36 months with tax on above vehicle with tiptronic and navigation. RE Value of 58% MSRP $56,700. I've not gotten a selling(negotiated) price yet. I'm putting 10K down btw, salesperson told me $4K would be out of pocket costs for me.

    Is this a good deal? I don't know what the MF is on the subject vehicle.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, monkeyshift.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Welcome teatro. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    I would be happy to give you an idea of how much the Cayenne that you are interested in would cost to lease, but in order for me to do so I need you to give me an idea of what its MSRP and selling price are. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. While I doubt that dealers are providing significant discounts on the new 2008 Cayenne, you still need to know how much you are paying for it. Let me know what these numbers are and I will gladly tell you what I think of the deal that you are getting use Porsche Credit's current lease program to estimate this truck's monthly payment for you.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi scpete. I've heard that the 2008 Cayenne is amazing. It handles much better than the 2006 model and the V6 engine, which was previously a little underpowered, is much more powerful. You're right, Porsche never provides lease support on its vehicles and it rarely provides dealer cash. If you were to lease this truck through Porsche Credit right now for 36 months, you would have to use its standard lease money factor of .00310. Its 48 month buy rate is .00320. Porsche Credit's 36 and 48 month, 15,000 mile per year residual values for the 2007 Cayenne V6 with Tiptronic are 58% and 50%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello alchemist25. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Here's what Porsche Credit's current lease program for the truck that you are interested in is currently like. If you were to lease a 2008 Porsche Cayenne V6 Tiptronic 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 .00310 and 58%, respectively. The numbers for an otherwise identical 48 month lease are .00320 and 50%.

    Good luck in your quest for a redesigned Cayenne, it's a nice truck. Let me know if you have any other questions.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi waleaser. 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 give you my opinion of this deal if you let me know what its selling price is.

    For now I can tell you that you shouldn't make such a large down payment when leasing. Consumers who make large capitalized cost reductions on leased vehicles risk losing them if their car or truck is totaled in an accident or stolen and never recovered. You would be better off not making any cap cost reduction on your lease, even though it means that you will have a little higher monthly payment.

    Car_man
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  • does anybody know if the Porsche Options financing has a catch to it because it comes out to about $100 less than a lease a month and im not sure if thats possible. aside from a larger residual and the $350 disposition fee, is there anything else as long as the car is returned?????
  • Hi Car_man, I've narrowed down my search to either an Cayenne S or 2007 X.5 4.8. Any help is appreciated.

    Can you share with me the Porsche money factor and residual rates for the Cayenne (S 2008)? I'm looking at a 36 or 39 month lease max with minimal money down (maybe tags/fees), 10K or 12K mileage. What other fees (besides taxes tags) does the dealer have to charge me?
  • 5speed55speed5 Posts: 31
    I know this forum is more for leasing, but there seems to be a lack of responses in the others.

    I looked at a (new w/55 miles on the odo.)'06 Cayenne S Titanium yesterday. The sticker was $66,345 with dest. charge.(East Coast Tri-State area). The salesman said the purchase deal should be around invoice less around $4k, or somewhere around $10K off sticker. How does that sound? I'm thinking once it is a model year old, it should drop in value a bit more than that.

    Thanks in advance.
  • jrikerjriker Posts: 1
    Just leased a new '06 Cayenne V6 for $13,000 below sticker (originally $58,000). Dealers are trying hard to clear their '06 inventory, so you should be able to get a deal--aim low!
  • bornoborno Posts: 77
    saw turbo s listed for 119K, asking 95k, some 24k off sticker, titaniums were 10k-11k off sticker, probably could do a little better. I really like the new engines in the 08, so I'll probably wait a year or two for a used one, or may consider the Q7. currently drive a 00 A6 2.7T w/6spd, + a 01 M3 conv., love the two but may need a tow vehicle for boat, crazy, but would have to sell both vehicles and add $$ to "upgrade"., so for now I'm happy, except when I see the new cayennes, while picking up parts for my audi(most recently front pads and discs.
  • Where are you located? I live in the Los Angeles area, and am hoping to find discounts like that.
  • alexliualexliu Posts: 5
    JUST GET A QUOTE FROM DEALER,2008 CAYENNE S,MSRP $71,180
    36 MONTH LEASE TERM WITH $2,000 DRIVE -OFF 10K MILES/YEAR $1,254+TAX MFC 0.00370 RESIDUAL 58%.YOU CAN DRIVE A S550(MSRP $87,550) WITH THAT PAYMENT.
  • ms09ms09 Posts: 112
    well a porsche is a porsche and a mercedes is a well merc, whatever u like more take that, i think the merc is a more luxury car , porsche doesn't have a lot of experience to make a 4by4 wheel drive or cars, and as mercedes its been here since a long long time...
  • vwguild1vwguild1 Posts: 98
    The world's first All Wheel Drive vehicle was engineered by Ferdinand Porsche in 1900.
  • ms09ms09 Posts: 112
    Is this true,

    CL 63 AMG boasts the most powerful naturally aspirated V8 engine in the world.???

    I dont know much in details about car engine, can any1 tell me whats the difference between the naturally aspired and the twin turbo??? i know the twin turbo engines are fast but what else is the difference, i wanna to know in detail.
  • oiakouoiakou Posts: 18
    Good one, ms9 :)

    "naturally aspirated" = Regular. Nothing special. Just a huge V8.
  • bornoborno Posts: 77
    I'm in the Boston area, specificaly IRA Porsche in Danvers, MA...good luck
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi enthusiast7. As usual, Porsche is not providing any lease support on the Cayenne. Porsche Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Cayenne S with 12,000 miles per year are .00310 and 58%, respectively. The numbers for an otherwise identical 39 month lease are .00310 and 56%. If you were to lease with only 10,000 miles per year these residual values would be 1% higher. At lease signing you will have to pay your truck's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, Porsche Credit's $745 acquisition fee, and any required state taxes or fees.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi 5speed5. Earlier this year, Porsche provided its dealers with $4,000 dealer cash for every leftover 2006 Cayenne S that they had in inventory. That's why you are able to get this truck for $4,000 under invoice. If the dealer that you are working with is getting desperate to unload its remaining 2006 model or models you may be able to shave a little more off of this price, but it's not terrible. Work on them and see how much lower they will go, you don't have anything to lose other than the risk that they will sell the truck that you want to someone else.

    Car_man
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  • donkey1217donkey1217 Posts: 5
    Does any one have the new MF and Residuals for May. Did the rates get any better because last month the MF wasn't great. Thanks
  • can some1 plese explain how the porsche options lease program works and if there is a catch to it. i need 2 kno this information very badly. if u dont know anything about it do ukno if there is anywhere i can look for it?
  • dc661dc661 Posts: 71
    its explained on the porsche website. It appears to be similar to a standard lease with a few extra end of lease options. here's the link
    Porsche
  • sprng73sprng73 Posts: 2
    Hello,

    Does anyone know the current money factor and residual for a 2008 cayenne S 48 month lease (tier 1 credit)?

    Thanks in advance..
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi donkey1217. The 36 month buy rate lease money factor for a lease of any 2008 Cayenne through Porsche Credit is currently .00310 for consumers who qualify for its top credit tier. This truck's residual values vary by term, mileage allowance, and trim level. For now I will assume that you are interested in a 36 month lease of a 2008 Porsche Cayenne S with 15,000 miles per year. Let me know if you want something different. Porsche Credit's current 36 month, 15,000 mile per year residual for the 2007 Cayenne S is 56%. Its 12,000 mile per year residual value is 2% higher than this and its 10,000 mile per resid is 3% higher.

    Car_man
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