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Porsche Cayenne Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi whatsthecatch. I believe that "Porsche Options" is the name for Porsche Credit's balloon note program. Balloon notes are very similar to lease in that they provide consumers with low monthly payments and the option to purchase their vehicle at the end of a certain period of time for a specific price. The main difference between balloon notes and leases is that with balloon notes the consumer's name is on the vehicle's title, while with leases the bank's name is. Balloon notes are much less popular than traditional leases. The really only seem to be used in areas like Texas and Chicago that have strange sales tax rules that make them more attractive than leases. If you are not in an area where there is a tax advantage to going with a balloon note, you are probably better off just going with a normal lease.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here is the information that you're looking for, sprng73. Porsche Credit's current buy rate lease money factor and residual value for a 48 month lease of a 2008 Porsche Cayenne S with 15,000 miles per year are .00320 and interestingly 48%, respectively for consumers who qualify for its top credit tier. If you lease with only 12,000 miles per year, this truck's residual would be 2% higher. If you lease with 10,000 miles per year, it would be 3% higher.

    Car_man
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  • sprng73sprng73 Posts: 2
    Thank you carman,

    I hope you can help me a little further with the lease calculation based on the information you gave me. (2008 cayenne s)

    msrp: 64000
    negotiated price: 4000
    down payment : 3000
    net cap cost : 57000 ?

    48 month, 12,000 mile

    would $804 be my average monthly payment before sales tax considering 50% res, 12000 miles, .0032 MF, 48 months ?

    Thanks in advance :shades:
  • einbayereinbayer Posts: 4
    i am looking at a 2006 S, msrp 66640 they're asking 57640.
    what is the MF for this car, 12000, 36 months?
    also, does porsche do multiple sec deposits to lower the MF?
    i am in california.

    thanks for your help.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sprng73. I see that you are considering making a $3,000 capitalized cost reduction on the Cayenne that you are interested in leasing. I always advise consumers against making large down payments on leased vehicles. Those who make them risk losing part or even all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off going with a zero down lease. Let's work up sample lease payments on this truck both ways for you and see what we come up with. According to my calculations, if you were to lease a 2008 Porsche Cayenne S that has an MSRP of $64,000 and a selling price of $57,000 through Porsche Credit right now for 48 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $806. A $3,000 capitalized cost reduction would lower the payment for an otherwise identical lease to around $734.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi einbayer. Unfortunately, I do not believe that Porsche Credit is offering leases on 2006 models any longer. If this is indeed the case, you would have to go through an independent bank to lease an '06 Cayenne.

    Car_man
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  • vwguild1vwguild1 Posts: 98
    Car_Man...Your belief is correct...Not PFS or US Bank...
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the confirmation, vwguild1.

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  • jfertljfertl Posts: 8
    Please comment on this offer: 2007 Cayenne S MSRP $68,455, cap cost $62,204(includes acquisition fee), no money down, 36 months,15,000 miles and driveoff of first payment and registration. Monthly payment $971 plus tax. Thanks.
  • davidc1davidc1 Posts: 167
    Do you mean 2006 or 2008? If it's for 2008, that sounds good.
  • tmhw1tmhw1 Posts: 7
    Don't know about lease, but for the price that is about right, my dealer said he can be me about 10% off MSRP for 2008
  • kabbalahkabbalah Posts: 38
    Is this a 2008? What is your money factor & residual, and what dealer is quoting you? Sounds like a good deal for an 08. I would like to know what dealership is offering 10% off sticker.

    thanks
  • kabbalahkabbalah Posts: 38
    I was offered the following last minute deal from Porsche late yesterday after agreeing to an X5 4.8 deal. Cayenne S, MSRP $71,839, Cap cost $64,551. 36m 12k miles, no security deposit, drive off $1550, payment $1020 plus tax. It is a sweet deal, and had they offered it to me before the last minute I might have taken it.
  • bwaybway Posts: 12
    Does anyone know of any end of the year promotions for the Cayenne S. Also, what is the current MF and residual for 36 mo leases? Does PFS offer 24 mo leases? what would the numbers be?

    Thanks
  • hi, i am new here and have read much of the 17 pages on the leasing topic.

    I need some help (ov course) :) on my lease...

    i am looking to lease a 2004 cayenne S and need to know what the residual would be...

    im not sure of what factors work in the determination of such value but here is some info on the lease terms...if you need more information please let me know... :)

    im looking to lease for 36 months at less than 12000 miles per year.

    any help wuold be great...

    thanks a bunch!

    luca
  • Leasing a Pre-Owned vehicle is not a good thing to do...Leasing is based on depreciation and that has already occurred with this 2004...
  • Hello all,
    I barely see any activity on this forum so here it goes n hope i get an answer in time. I'm looking to lease 2008 Cayenne, havn't been to the dealers yet so no numbers to tell you guys to work with. Just wondering what are general lease rates for say 36m on a base Cayenne which comes out to be MSRP=$46500. Have crdit score of about 710-715. What you guys think lease payments could be?
  • Here's the information that you're looking for, bway. Poreche usually does not offer any sort of incentives, either cash incentives or lease specials, on its vehicles. That appears to be the case right now. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Porsche Cayenne S with 15,000 miles per year are .00310 and 59%, respectively. The numbers for an otherwise identical 36 month lease are .00310 and 57%. This truck's 12,000 miles per year are 2% higher and its 10,000 miles per year residual values are 3% higher.

    Car_man
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  • Welcome desibaba00. As usual, Porsche is not currently providing any lease support on the Cayenne. As a result, if you were to lease one through Porsche Credit right now, you would have to use its standard lease program. Through the end of the year, Porsche Credit's buy rate lease money factor and residual value for a 36 month lease of a base 2008 Porsche Cayenne with 15,000 miles per year are .00310 and 61%, respectively.

    In order to use this lease program to estimate what your monthly payment would be, I need to know what this truck's selling price is. You may be able to get an idea of what you will have to pay for this truck right now by visiting the "Porsche Cayenne Prices Paid and Buying Experience" discussion to see how much other community members have paid for it lately. For now I will run a couple of different scenarios for you. According to my calculations, if you were to lease a base 2008 Porsche Cayenne that has an MSRP of $46,500 and a selling price of $45,500 through Porsche Credit for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $705. With a $2,000 discount, the payment for an otherwise identical lease would drop to around $675. With a $3,000 discount, it would drop to around $644. And with a $4,000 discount it would fall to around $613.

    I hope that this helps you out. Good luck and let me know if you have any other questions.

    Car_man
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  • A dealer just gave me the folowing offer....... 2008 cayenne lease 12,000 mile 36
    month. Monthly payment with tax 690. Due at signing 4,700. Options incl navigation and satelite radio. MSRP IS 55,000
  • I keep my car for at least 7 years and for 80% business use would you advise to lease and buy back at the end of the list or just buy it?
    Tampa, FL
  • What do you think of a lease deal on a cayenne with msrp 58,7
    for 1100 out of pocket 899 including tax.
    I am just not sure why the msrp is so high, its not an S but is pretty loaded yet no sat radio
  • Hi
    I am looking to lease a 08 cayenne v6 for about 24-36 months with about 12k miles per year.

    can you let me know residual values and money factors for above terms?

    1. 24 months - residual value and money factor (for both 12k and 15k per year)
    2. 36 months -residual value and money factor (for both 12k and 15k per year)

    thanks
  • Dear Porsche Experts:
    I am considering purchasing a Cayenne Turbo for 118,000 24mos 12k/mi year
    Residual is 57% and MF .00370. This MF seems rather high compared to the other MF's you have mentioned above, has Porsche changed their numbers since Decembe or is this accurate??

    I look forward to your help and support.......
  • Here's the information that you're looking for, sphereman111. Porsche Credit's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Cayenne V6 with 12,000 miles per year are .00290 and 61%, respectively. The numbers for an otherwise identical 36 month lease are .00290 and 60%. If you were to lease this truck with only 12,000 miles per year, its residual values would be 2% higher.

    Car_man
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  • Greetings mdenneny. The money factor that you were quoted is higher than Porsche Credit's buy rate. This probably means that the dealer you are working with is trying to mark up your truck's money factor to add additional hidden, back-end profit to your deal. See if you can get them to use the .00290 buy rate to calculate your lease payment.

    Car_man
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  • Car_man,
    First this is a really helpful web site!
    Second I am looking to lease a Cayanne and these are the numbers I have been quoted in NY/NJ area:
    MSRP $54,715
    CapCost $52,000
    Residual 67%
    LeaseTerm 36 mos
    Factor 0.00325
    Mothly Payment $781

    I put this through the caculation and came up with a monthly pymnt of $714!
    They did say there were closing costs of approx $2200. Is this a good deal?
    Seems like they are adding the closing costs to the CapCost and then calculating the lease pymnt. Is this the way to incorporate the closing costs into the calc?
    Please help...
    Rgds,
    Cal
  • eights38eights38 Posts: 137
    cal4492 - What dealer in the NYC metro area are you working with? If you need help, please feel free to email me.
  • plampplamp Posts: 1
    Cal

    I'm in the area also and would also like to know what dealer you are using. Are you sure of the residual you were quoted at of 67%?

    Thanks!
  • dealer in mid-west proposed the following:
    V6 tiptronic with nav, bi-xenon lights, etc with msrp of $56,650 plus destination charge of $895.
    Selling price of $52,900. $3,650 down includes 1st month payment and all fees and cap cost reduction. 15,000 miles per year. residual of 38%. 63 month lease at $618 plus tax per month ($659). I wanted payment around $650 per month.
    Top tier credit rating.
    Does this seem like a good deal?
    Thanks for your insight.
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