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Porsche Cayenne Lease Questions
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Do you know MF and residual (10k miles) for April 2010 Cayenne base model?
thanks!
Lease = 36 months, 12k miles per year, $0 down payment.
PLEASE REPLY!
I am just looking for an approx. #.
Good luck.
Please calculate the monthly payment with $0 down.
QV4 - XM Satellite Radio
0TD - Front & Rear Flr Mats Int Clr
9AD - Automatic Climate Control
9W5 - Bluetooth Phone Interface
3FE - Moonroof
UF1 - Universal Audio Interface
EXT - All Wheel Drive
PK1 - Front Seat Heater inc Str Whl
PF2 - PCM with Navigation Module
CD3 - 18" Cayenne Turbo Wheel
G0R - Tiptronic S
PO3 - Light Comfort Package
PRICE: $53,995.00
URL: http://huntington.porschedealer.com/2010/Porsche/Cayenne+Tiptronic/Huntington+St- ation/NY/500469/info.php
When negotiating your lease on this car, make sure to take advantage of the $5,000 cash incentive that Porsche is currently providing on leases of it.
Car_man
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I got basic $ dollar amounts based on similar configurations I was looking for the first time in. The second time in I test drove a PDK version to see if the extra money was worth it. We talked new numbers of course higher then the first visit but in range after a little negotiation.
I asked the sales guy to search for the configuration i wanted with and without PDK so I could compare. I searched and found some cars and forwarded to the sales guy finding the non pdk version and asked again to find a PDK version. I did some more searching and found a PDK version and decided to visit the dealer unnanounced. The sales guy was busy so i wondered around the floor for a while checking out the other cars when the sales guy was done with the other customers he never came over to visit me so i left. Any chance he didnt notice me?
I have had similar experiences with another dealer, i told them what i was looking for, they called me back i was in the middle of stuff and told them to email me and they never did.
has customer service gone to hell? Does being a nice customer even count anymore ?
The PDK version is priced 58k they said they would drop off 4k to 53-54k and a 36 lease payment of 797 with 3500 down. The non PDK version is 4k less and comes in at 751 a month. Im trying to get the PDK version for under 750 and the non pdk for 700. The dealers answer was to increase the 3500 to 5k. Am I being played ?
Do you know latest MF and residual (10k & 12K miles) for April 2010 Cayenne and Cayenne S models?
I think the money factor is approx. .00146. would like to know if the residual change or not (I think it was 52% or lower)
thanks
The numbers for an otherwise identical lease of a Cayenne S are .00146 and 51%.
If you were to lease with only 10,000 miles per year, these trucks' residual values would be 1% higher.
Car_man
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Thanks.
Any updates on the June 2010 MF and Residuals?
Regards,
Schneller78
Do you know the MF and residual (10k & 12K miles) for the new 2011 Cayenne S models? I know it just arrived at the showroom for the S model. The regular V6 is not here until sept.
thanks...zhecks
Porsche is currently providing a $8,000 cash incentive on 24 month and a $5,000 cash incentive on 36 month leases of this model.
Car_man
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Again the numbers for an otherwise identical lease of a Cayenne S are .00146 and 51%.
Make sure to take the cash incentive that I mentioned in my previous post into account during your negotiations.
Car_man
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The residual value for a lease with only 10,000 miles per year would be 1% higher.
Car_man
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Any ideas on july rates and residuals on the 2011 Cayenne S. Also anyone lease a 2011 recently, what % off MSRP is doable these days.
Thanks.
Curious if you know the july rates and residuals for the 2011 porsche cayenne S?
Thanks.
Is the following analysis correct? If a $80,000 car has a 55% residual, the residual would be based upon msrp so it would be $44,000, so there would be $36,000 of depreciation (rent) payments plus interest owed on $44,000 plus misc fees, whatever those would be plus sales tax. In the event the car can be purchased for a discount, then the rent payment portion of the lease would decrease.
Interest rates are at an all time low, even for a car they cant be that high.
The lease "book" depreciation is the difference between the adjusted capitalized cost and the residual value. Consider the following hypothetical example...
MSRP.................................... 80,000
Negotiated Sell Price............... 74,000
Amounts Financed
Acquisition Fee...................... 650
Dealer Doc Fee..................... 250
Gross Cap Cost................... 74,900
Cap Reduction (Trade Cr.).... 6,000
Adj (net) Cap Cost (C).......... 68,900
Cost of Money/Residual
Money Factor (F)............... 0.00100
Residual Factor................. 55%
Residual Value (R)............ 44,000 (Res. Factor x MSRP)
Term (N).......................... 36
Monthly Payment = Ave. Monthly Lease Charge + Ave. Monthly Depreciation
= F x (C + R) + (C - R) / N
= 0.00100 x (68,900 + 44,000) + (68,900 - 44,000) / 36
= 112.90 + 691.67
The 112.90 average monthly lease charge is analogous to the average monthly interest payment for an installment loan while the average monthly depreciation, 691.67, is analogous to the average monthly priniciple payment. The total, 804.57, is the monthly base payment.
The depreciation is not the difference between MSRP and the residual value. The only role that the MSRP plays is in determining the residual.
Leases are amortized in much the same way as installment loans. Most lease contracts contain an early termination clause that specifies how the lease balance is computed using the actuarial or constant yield method. This is really the same method used for installment loans. Each payment consists of two components: (1) interest (lease charge) and (2) priniciple (depreciation). The current month's priniciple (depreciation) is allocated toward reducing the previous month's outstanding loan (lease) balance. The interest (lease charge) for the current period is determined by multiplying the monthly interest rate (implicit in the lease) by the previous month's outstanding loan (lease) balance. This routine continues each month so that at the end of the lease, the outstanding lease balance equals the residual value. So, we begin amortizing the lease with the adjusted cap cost and end with residual value.
I always encourage those with leases or installment loans to create an amortization schedule using the EXCEL spreadsheet. If you wish to payoff a loan early or, terminate a lease early, you can easily and immediately determine your lease balance plus any applicable early termination charges. If you decide to purchase your leased vehicle, the buyout will be the lease balance plus any applicable purchase option fee/misc fees + title/reg fees + plus taxes.
Questions? Please let me know.
John
Actually, the finance charge is based on an average of the CAP cost and the Residual...
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Thanks.
Porsche Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 Cayenne S with 15,000 miles per year are .00219 and 53%, respectively for consumers who qualify for its top credit tier.
Car_man
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Car_man
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If the msrp is $80,000 and that is what is paid, I come up with the following:
(.00219) x (80,000 plus 42,400) plus (80,000 - 42,400) is equal to 268.06 plus 37,600 divided by 36 is equal to $1,015 plus linear depreciation. That comes to a $2,000 lease payment.
($80,000 + $42,400) X (.00219) = $268.06.. (monthly finance/rent charge)
(80000 - 42400) / (36) = $1044.44.. (monthly depreciation)
$1044.44 + $268.06 = $1312.50.. (total payment.... pre-tax)
Hope that helps....
regards,
kyfdx
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Would the money factor and residuals be the same for a non-S model 2011 Cayenne?
I am looking to do a lease for 36 months, 12K mi/year, with top tier credit.
Thanks.
Car_man
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thank you
I was given .00219 money factor and 53% residual value on a 36 /12 for 2011 Cayenne S by a dealership in northern NJ. Interest rate seem a little high?
Thanks
I'm looking to buy a Cayenne S
Does this sound right to you,
I was quoted, money factor and residual value for a 36 month lease 2011 Cayenne with an automatic transmission .00259 and 53%, respectively.
($80,000 + $42,400) X (.00259) = $317.02. (monthly finance/rent charge)
(80000 - 42400) / (36) = $1044.44.. (monthly depreciation)
$1044.44 + $317.02 = $1361.46 X 0.095 = $1,490.80 (total payment) based on (9.50% Tax)
First off, is this right, and can you tell me, do you have any suggestions on getting the monthly payment below $1,300.
Thank you.
Porsche Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a base 2011 Cayenne with 15,000 miles per year are .00177 and 57%, respectively for consumers who qualify for its top credit tier.
Car_man
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Car_man
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The only ways to lower this vehicle's monthly payment are to get the dealer to use the buy rate money factor to calculate your payment or to negotiate a lower selling price.
If there's another Porsche dealer in your area and you haven't shopped around already, it wouldn't hurt to do a little comparison shopping.
Car_man
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I'm wondering why you gave jaltomare this information.
Porsche Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a base 2011 Cayenne with 15,000 miles per year are .00177 and 57%, respectively for consumers who qualify for its top credit tier.
The numbers you gave me were .00219 and i have a 53% residual
Thank you again,
Alan
What is the new buy rate money factor and residual on a 2011 Cayenne V6 and S for October? I'm getting some crazy discrepancies from my local dealers!
Thanks for the great forum!
I need your help please. I am picking up a new 2011 Cayenne Turbo in the Bay area next week and can't seem to find any info on money factor and residual for this car. Looking at a 36 months lease deal.
Thanks in advance for any info!
I am also looking for a lease on a 2011 Cayenne Turbo in South Florida (Miami) and I would like to know what money factors and residuals look like for this type of lease. I would be looking at 10K per year mileage.
Can you also please let me know what money factor increases to if you do not qualify for top tier (second tier?).
Thank you!!
I see alot of talk about residuals and money factors but can you tell me a bottom line est of what I can expect to pay for a base Cayenne? Money down + Monthly fee? I live in S FL and dealer inventory shows MSRP on base models on the lots of about $53-55k.
I not sure why there is so much discussion about all the different factors on the these forums ie it doesn't matter to me whether the sale price is X and the residual is X... I only care about my total cost for the vehicle for a 3 year lease. The dealers can change so many different factors that if they for instance give you a great "sale price" they can change the money factor or residual so it really doesn't matter.
Anyone that can give me a rough est of what my total cost for this SUV would be over 3 years, the info would be much appreciated.
thanks!
Porsche Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 Cayenne V6 with 15,000 mlles per year are .00177 and 57%, respectively.
The numbers for an otherwise identical lease of a 2011 Cayenne S are .00219 and 53%.
Car_man
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Car_man
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I'm not sure what sort of credit score one needs to qualify for this rate.
Car_man
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