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Porsche Cayenne Lease Questions

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  • n1g1fln1g1fl Posts: 8
    had aftermarket bluetooth module installed - completely integrates with PCM2 and works great
  • Can anybody help with money factor and residual for
    '08 base
    '08 S
    '09 S

    based on 36 months/15k

    Trying to get a deal done this week, but think the dealer is padding the money factor. I woudl rather get in to a S, but the dealers numbers are not working for me..
  • Hi sidt. Porsche Credit's lease program for the 2008 Cayenne varies by term and mileage allowance. For now I will assume that you are interested in a 36 month lease of a base 2008 Porsche Cayenne with 15,000 miles per year. The buy rate lease money factor and residual value for this combination of variables are .00250 and 57%, respectively for consumers who qualify for Porsche Credit's top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings newcarnow. Here's the information that you're looking for. Porsche Credit's current 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 .00250 and 57%, respectively for consumers who qualify for its top credit tier. The money factor is exactly the same for an otherwise identical lease of an '08 Cayenne S, but its residual value experiences a major drop to 50%. Interestingly, the residual for an '09 Cayenne S is also 50%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thank you for the information. I am considering leasing a 2008 GTS and wanted to know what to expect for the money factor, residual, pricing above or below MSRP, etc. Also, any advice regarding this decision with regard to should I wait for an 09, what options do you recommend as a must for the GTS, etc.

    rides
  • rides - The lease rates on the 2008 GTS Tiptronic through Porsche are average. 0.00250 money factor for top tier credit with 51%, 48%, and 36% residuals at 12k miles per year for 24, 36, and 48 months, respectively.

    Matt
    eights38@gmail.com
  • Thank you. Will they negotiate off of the MSRP to get the capital price for the lease or how will this go to get to that number?
  • Can anyone help me on which would be the best lease offer from porsche on a cayanne, in the S. Florida area Miami to be exact??? I would like to get the best monthly payment possible..
  • rockurocku Posts: 4
    11.5% off MSRP $58450, dealer is willing to do 12%off on any other 09's except this one. He just exchanged from another dealership because of an unique option.

    36 month/10000 MF 0.00163, Res 59% of $58100 (yes, there is a cap)
    Dealer said he waived acquisition fee of $750 which I think it is just anther trick.

    Decent deal but not super hot, I got myself trapped for option.
  • ml2005ml2005 Posts: 8
    what is the residual cap for 09 cayenne s...36mo/15k mi?
  • srch4carsrch4car Posts: 3
    It's been pretty quiet. anyone have real world lease numbers?
  • bigdadi118bigdadi118 Posts: 1,207
    I saw a lease special for new Cayenne-S with MSRP $65,000
    $2K down, 10K mi/yr, 3 yr lease, $727/mo
    Didn't say excess mile charge and residual %, It is in Mass.
  • grkmecgrkmec Posts: 12
    Can someone please post the lease rates for 2009 Cayenne S and GTS for 3yr and 4yr with 12,000 miles per year?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi grkmec. You're much better going with a 36 month lease than a 48 month lease on a Porsche right now. Porsche is currently providing a special lease money factor of .00146 on 3 year leases of all 2009 models. This special factor is not available for 4 year leases.

    Porsche Financial Services' current 36 month, 12,000 mile per year residual value for an '09 Cayenne S is 50%. The residual for an otherwise identical lease of an '09 Cayenne GTS is 43%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Thx for those #'s. Does anyone have recent info on disounts to MSRP on 09 Cayenne S? '10's are out in a few weeks I think.
  • You're very welcome, warz00. Porsche has already published a lease program for the 2010 Cayenne, so if they aren't at dealers yet I suspect that they will begin arriving soon.

    Try stopping by the "Porsche Cayenne Prices Paid and Buying Experience" discussion to see how much other community members have paid for this truck lately.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pgb3pgb3 Posts: 7
    Can someone give me advice on leasing? I have never leased before, but considering the current Porsche Cayenne lease offer: Estimated payments based upon an MSRP of $51,605 for a Model Year 2009 Cayenne V6 with the following options: Moonroof, Trailer Hitch without Hitch Ball, Wheel Caps with Colored Crest, Heated Front Seats and Steering Wheel, Driver Seat Memory, and Automatic Climate Control. Price excludes destination charge, title, taxes, registration, license fees, insurance, and maintenance. Lease payments of $559.83 for 36 months = $20,153.88 based on capitalized cost of $45,160 (requires dealer contribution which could affect price). Total due at lease signing: [$3,899.83] (first month’s payment, acquisition fee of $745, and capitalized cost reduction of $2,595). No security deposit required. At lease end, lessee pays excess wear, $.30/mile over 30,000 miles and $350 termination fee. Purchase option at lease end $28,898.80 plus taxes. Specific vehicles and options are subject to availability and your payments may vary. For details about costs and terms call 1-800-Porsche. For additional information see your participating Porsche dealer or visit www.porscheusa.com.
    The second offer I received was for a well equipped Cayenne S Executive Demo Lease at $599/mo for 36 mo.'s, with 10K miles/yr.
  • Welcome pgb3. Since you have never leased before, 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.

    To me, the two most important numbers to focus on when leasing are a vehicle's selling price and the money factor that is being used to calculate its monthly payment. These are the two main profit centers for dealers on leases.

    Shop around and negotiate the lowest possible selling price that you can on the Cayenne that you want. Once you arrive at a selling price that you're comfortable with, have the dealer calculate your monthly payment using its buy rate lease money factor of .00146.

    If you read the above articles and negotiate the two items that I mentioned, you should not have any trouble getting a good deal on the Cayenne that you're interested in.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bcebce Posts: 4
    I am looking at buying/leasing a Porsche Cayenne S or GTS

    The dealer has an 09 GTS on the lot that was the owners demo/driver.
    It has a bit over 2k miles on it
    sticker is ~86k
    black on black

    for options it has:
    bi-xenons
    PCM
    Heated seats
    Light comfort pack
    XM
    Universal Audio Interface
    Floor mats
    sunroof
    bose sound
    bluetooth phone

    also had a tourist deliver for an additional $2250 bringing the actual sticker to $88,610.

    I am interested to know what you all think I could get for a price or lease deal on this vehicle. I have been reading that I should be able to get a very good deal on this because it is the GTS model. Why is this?

    This will be my first Porsche. I am making the switch from a Range Rover. I had a chance to drive a cayenne a few weeks ago and fell in love with the handling and solid feeling of the car.

    Any advice or thoughts would be very much appreciated.

    Thank you,
    BCE
  • bcebce Posts: 4
    After talking with the dealer about the above mentioned demo black GTS he is quoting $76k as the "bottom dollar, out the door price" Doesn't sound like a great deal on a demo with an msrp of $86k to me. Also the lease deals sound terrible. He was talking about 41% residual value and a money factor of 7.9%.

    Obviously at that rate it isn't even worth considering. Any reason to expect a different story at different dealers?

    Have the deals on these cars disappeared?
  • jayriderjayrider Posts: 3,346
    Leasing on big ticket suv's are terrible everywhere. Even a base mdx [nicely equipped] $600 or so before fees and taxes.
  • zheckszhecks Posts: 35
    Anyone knows of 2009 or 2010 Cayenne lease special going on right now? I am considering a Cayenne (< $600/mth including tax) or Cayenne S (<$700/mth including tax). I would like to know this for a 36 month lease, 12K miles per yr. The drive off should be around $4K.

    Also does anyone know what is the lease factor for Cayenne now?

    thanks in advance
  • alex15alex15 Posts: 11
    that was possible 2 months ago . I had 750/month 1000/36 for $60.000 sticker. $1600 drive off.
  • Hi zhecks. Porsche is providing support on leases of both the 2009 and the 2010 Cayenne right now.

    Porsche Financial Services' current buy rate lease money factor for a 36 month lease of a base 2009 Cayenne with 12,000 miles per year are .00146 and 53%, respectively. The numbers for an otherwise identical lease of an '09 Cayenne S are .00146 and 48%.

    PFS' numbers for a 36-month, 12k lease of a base '10 Cayenne are .00146 and 56%. The numbers for an otherwise identical lease of a '10 Cayenne S are .00146 and 51%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • At the end of May 2009, I leased a 2009 Cayenne-S that stickered for $70k. I did a 36mo 15k mile/year lease with ZERO cap cost reduction. My monthly is $725/month. This includes the 9% tax in PA [6% sales tax + 3% lease tax]. The only out-of-pocket money was $1,690: first month's payment, Bank Acq. Fee, and registration.

    MF = 3.5%
    Resid = 48%
    Sale Price = $52,650

    24.5% OFF Sticker
    $9,700 Under Invoice
  • zheckszhecks Posts: 35
    thank you, that's a really good deal.

    I live in CA. Anyone know where I can get a similar deal in LA area.

    thanks...
  • bornoborno Posts: 77
    That's almost impossible to believe. The best I've been able to find is aroung 18% off, a rare loaded gts 09. I'm being patient though. Just saw the press release for the new bmw 5, and amay switch gears, and think about a sedan again.
  • Normally you'd be right; too good to believe. However, I did leave out that it was the former dealership owner's car, never titled, and had 7,800 miles on it when I took ownership. Typically I wouldn't buy a P-car that may have been "beat on" for so many miles but since I'm leasing with a full warranty and the deal was sooo good I couldn't resist. It looks and drives as new. The bank did drop the residential down from 51% to 48% to account for the miles even though legally the car can still be sold as "new" since it was never titled. It's been a great family hauler for my wife and twin sons so far. The only problem we've had is the High Pressure Fuel Pump went; not uncommon. It cost ~$1,500 and was covered under warranty of course. The dealershp had it fixed in less than 48 hours.
  • bornoborno Posts: 77
    That explains it..thanks. I've never leased, eventhough I have a small business and could write it off. I usually buy a year old, and keep it 6-8 years. It works out, because I control the end game. My wife's 04 sienna we bought new because it had just come out,(now has 100K and going strong)

    That being said the manufacturers have definately stepped up the technology and features of the newer cars, so I would consider leasing.

    Had my eyes on a 09 loaded gts, until I saw bmw released info on the next 5. I've been contemplating replacing my 00 A62.7T,6sp., w/sport for some time, has 125K and bad cats, but reallty love the car, so I'm thinking drive it into the ground and be patient on oportunities for now, lots of slow times ahead for this industry still.
  • I've leased several cars in the last few years and have nothing bad to report. In fact, leasing saved my butt with my previous lease ('08 Volvo XC90 V-8). I got the XC90 2-1/2 years ago -right before the market exploded. The resid. was high and so the buyout was ~$34k. When I turned it in car was worth ~$27k on the open market. Volvo called and was willing to nego. the buyout. Something they generally NEVER do! The lease ended up protecting me from a ton of depreciation due to the unforeseen recession.

    I believe the only people who should NOT lease are:
    *Drive more than 18-20k miles a year
    *Like to mod their car
    *Don't take good care of their cars

    Otherwise, a well negotiated lease that takes advantage of rebates and special money factors can NOT be beat. You're holding all the cards. You can turn it in, keep it, or sell it privately. Oh, and if you're in a accident or hit a deer which will trash your CARFAX, with a lease it's not your problem. Just turn the car back in at the end.
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