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Porsche Cayenne Lease Questions
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Comments
But neither Porsche Cayenne or Land Rover can brag about reliability, as they are both near the bottom in that category.
as far as RRSports, it's hard to really predict their real resale values at this point since the oldest ones are nowhere near 3 years old. cayennes have been around over 3 years, so they no longer benefit from being the new cool thing (like the RRS is right now, and so is the FJ Cruiser for that matter). discounts can be had very deep on any car that's been around 3 years. duh. -I ordered my cayenne S in late 05, and got it for 2k over invoice. pretty good on a 68K car.
so long as RRS owners keep having the same awful problems and issues with service that they've always had with rover dealers, i'm sure we'll see a quick return to crap resale values among LR cars in general. neat design can only make up for a certain amount of bad engineering.
this post right off the edmunds RRS thread basically sums it up.. you don't get stuff anywhere near this severe from Porsches, and Porsche service is excellent, at least here in the SF bay area. can't say the same for my 4 workmates that own various LR vehicles..
RRS post from a day ago, and there are TONS more where this came from. what a joke.. every other post is a major problem from an RRS owner :lemon: . comical. :P :P
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Replying to: bgreig (Feb 10, 2006 12:02 am)
I picked up my rrs in june 06, the first at my dealership. I have had nothing but problems ever since. barely a week has gone by without a visit to the service dept. I have experienced everything from shaky steering, false error messages, problems with parking distance control (unresolved and now disconnected!) and suspension issues. culminating last night whilst travelling along the highway at 55mph the suspension system collapsed. luckily, although the car lost control I was able to stop safely with the car resting flat on the floor. This problem with the suspension has been ongoing for the past two months and was supposedly resolved last week after the car was off the road in the workshop for a week.
today I am going to the dealership to get rid of the car. what was originally annoying is now unsafe. I have never had a more unsatisfactory ownership experience. I will never buy a Land Rover product again and I would encourage others not to buy their products also.
Couple of closing remarks.
You can't talk about a residual you were quoted a couple of years ago for a lease and claim it is any where near current. Range Rover residuals right now are in the middle to low 50's depending on the trim level and term of the lease.
Any vehicle can have a problems and anecdotal evidence is completely inconclusive. That is even more true on any online forum where people will come to complain, vent or flat out misrepresent the situation since their are no consequences. I am sure I could go to the Cayenne board and find just as many complaints about it as the RRS board has. In fact I bet I could find more since it has been out longer.
I don't know why anyone buys these vehicles. I might sell them and I don't mind driving them but I would never buy one. If I had 60,000-70,000 dollars to spend on a vehicle I would buy an Elise to drive every day it was sunny and dry and an late model jeep for any other type of weather.
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Does anyone know any details on leasing a new C4S Cab or even a C2S cab? It seems the dealers don't want to quote anything unless they have you in the showroom. My local dealers don't have the car I want, so I want to be prepared before going out of town to buy. I'm looking at 48 or 60 months leases.
Thanks for the help in advance.
On my software that works out to $1,179 a month with sales tax included so their numbers definetly looked suspicious.
Even if they are buying it for invoice it works out to $1,082 with tax.
I will always support my local dealer, as I would expect my customer base to see me.
Another thing to consider is....they don't want to qoute anything because they don't have your credit score to give an approx. value! This could equate to a $100-200 difference in payment if your score is at the bottom of the barrel.
I guess what I am trying to say is....don't be a pansy...give the dealer a bit of your time and I am sure you will get a good deal. Remember, a good deal is one that you are comfortable with.
I was in car sales for a stint after college and I know what they have to go through....the worst thing was a timid, scared guy who needs his wifes permission to buy a 100,000 car that he knows he works hard for! Most dealerships today have a different way of relations (especially a Porsche Dealer) because they work off of referral/repeat business. If you feel uncomfortable then let it be known and they will work at your pace.
Please inform these lost souls...that the payment you are qouting is based on "A+" credit. Otherwise, you are putting out undisclosed information and is a violation of the laws of payment calculations!
The reason for my not wanting to go and waste 2-3 hours of my time with a local dealer is because I'd rather spend the time actually buying the car I want, instead of hearing the reasons why I should take the off-color, or under equipped car they have on their showroom floor.
I don't really care about the dealer's desire to act pretentious, I own a number of vehicles, all of which are in the same price range as the 911, and I purchase the vehicles all the same way - on my spare time, over the phone.
I was looking for some advice from other buyers on what they had paid for the similar vehicle, hence, the reason why I posted a message to the "Prices Paid" forum. In the future, keep your commentary to yourself and stay on topic.
matter of fact, the past three cars i've purchased have been bought over the phone, including my current cayenne. as a car salesman you might not be able to relate, but people buying 100K cars are often going to be busy people, and can't go in a spin wheels with a salesman if they're on the road for business or booked in meetings 60 hours a week. anything those folks can do by phone is going to be done by phone, and plenty of dealers play ball. welcome to the information age brah! embrace it or become an angry car saleman!
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Can you please tell me the current buy rate lease money factor for an '06 Cayenne S, and the current residuals.
Thanks...AlexanderV2
Thanks...AlexanderV2
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Thanks,
Chintan Talati
Corporate Communications
Edmunds.com
Anyway, a few people asked how I got the deal I did on my 2006 manual v6 Cayenne? It had a MSRP of $50,810 and I was able to get it for $498 (plus tax) per month (39 month lease) with 2K total down or out-the-door. The negotiated price was just under $43k. I am in Arizona and leased this fabulous vehicle from the north Scottsdale dealership.
I can honestly say the way that I got this deal was being incredibly persistent (they would probably say annoying) for 3 straight months. I would visit the dealer on a weekly basis but I never let them talk numbers to me there. I would use email to communicate and also run my own figures using a lease calculator off the internet. And of course, at the end of each month it always got very interesting. I finally got the figures down to $601 per month with $2500 down but then backed out at the last minute.
But then the next day or so, I got a call from them and Wells Fargo had set up an incentive program with their dealership for the $498 and 2k down. I was in Porsche Heaven!
So my advice to anyone is just to be persistent with your inquiries, don't do business in the showroom (too much pressure and they have the advantage), do your research, call around and play one dealers numbers against another and don't ever believe them when they say, "This is the lowest I have ever sold a vehicle for...I am going to lose my job on this one." If I would have signed the forms the first day I went in looking for my Cayenne, I would have paid $5500 down and $725 per month. Yikes!
Also, must say the Scottsdale dealership was a pleasure to work with. They put up with me for several months and never got upset or unprofessional!
I want to lease a Cayenne S and I am worried that I will be paying more than someone who has done their homework and knows more about leasing. I really want to understand before I make this 3 year commitment.
So, I have found an acceptable model with most of the options I want and the dealer has been having a very slow month and is eager to deal. The MSRP on the Cayenne S is &71k. The current offer on the table is $2k over invoice or $64k with destination charges & dealer charges included. They claim that they are only making $2k off this car. It's almost July and maybe the price should be lower since the new models are coming out soon?????
Anyway, I want a 3 year / 12k miles no money down lease and I have excellent credit. The dealer told me that the monthly payments would be $1200 including tax. Does this seem high to you?
I am coming to the end of my lease on a Mercedes ML350 MSRP of $52k and my payments were only $700 month including tax. I know the Porsche is $12k more in price but an extra $500 per month seems very high for such a moderate difference in price.
Confusing me even more, my father saw an add in the Chicago newspaper that the local dealer was offering a $50k Cayenne lease for only $600 per month with only $3000 down including security deposit and 1st months payment. I know every dealer is different and many have excess inventory that they need to unload but $600 more per month for a car that only costs $14k more. Can you please explain to me how lease pricing works and if their offer is fair?
Can you please help me? There are only 2 models in my area that have the options I want and I would hate to miss out. thanks so much in advance! S.B.
The cars I've been looking at have MSRPS around $54-55K so I'm wondering if anyone could chime in on what they think a good price would be on one of these right now. Edmunds' TMV seems quite high.
Let's do some calculations and see what your lease payment should be like on this truck. According to my calculations, if you were to lease a 2006 Porsche Cayenne S with an MSRP of $71,000 and a selling price of $64,000 (wow Cayennes sure have huge margins) through Porsche Credit right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $974. I'm not sure how much tax would add to this payment, but I suspect that it would still be lower than $1,200 a month with it. Perhaps the dealer that you are working with is marking up Porsche Credit's buy rate lease money factor to make additional back-end profit on your deal. If you are leasing through Porsche Credit, make sure that this dealer uses a money factor of .00290 (for 36 months) to calculate your truck's payment.
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I have just had a series of irritating experiences! I asked one of my local dealers what money factor and residual they used in calculating the $1200 month payment for a $64k car. I was told no and no deal. So, I sought out pricing from a leasing company. I thought it was going well, they found an acceptable vehicle and told me they had fleet pricing and would get the car for $1k over invoice and would arrange for the $2400 in additional options to be added. Then they told me the money factor was .00214 but the residual was 44% for a 36mth 15k mile lease. The payment including CA tax =$1235. I received the paperwork yesterday and it was for a 48mth lease! I just can't find any honest people to deal with.
So, of course I refused to sign although I risk losing the only vehicle in CA that has the options I need. They said they can offer, through USBank, a 36mth lease 15k miles for a rate of 6.9% and my payments will go up $140 per month. Why on earth would I agree to this. It appears that things keep getting worse.
Do you know of any reputable CA dealers that offer the terms of Porsche Credit without marking it up? Or any reputable leasing companies?
Also, I can not get a straight answer from anyone on whether there will be a new Cayenne S available before 2008. I have been told there will be no 2007 models by a local dealer and new models will not be available til summer 2007. I would order a vehicle to my specifications but I can't wait over 1 year to get it. Anyone know when a new model year will be available?
Any help, advise or referrals would be greatly appreciated. I still really want a Cayenne S even after everyhting that has happened.
Thank you!
- True, there will be no 2007 model.
- A facelifted Cayenne will come out around Feb-March 2007 as a 2008 model. Some horsepower increase is expected.
- To fill the gap between now and next year, Porsche is issueing a special "Titanium Edition" model. These are still 2006 cars, but come with special Titanium colored trims and options package, starting at a base price of around $65K.
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I wanted to ask if my expectations for leasing a Cayenne S are unreasonable.
I've been scouring this forum and I have been calculating a potential lease off of .56%-.58% (12K-15K), a money factor of .0029, and minimum drive off.
I've been to a couple of porsche dealers and they have quoted me above the MSRP. One dealer told that they are giving me thousands below invoice, but the lease came in at around $950/mo tax not included(48 months). When I asked him about the residual value and mf, he told me about 40 something percent and .0032. He was pretty friendly until I started asking about the mf/residuals and going into the calculations. Then, he became very curt and said give me a counter offer. He even took the car I was looking at out of the discussions as it was the Titanium edition and said we should look at the models that have been on the lot for a while. That is fine by me if he would give me a good rate, but it looks like he is giving me a low residual on the older vehicles.
What is the best deal I can get on a $67,000 msrp Cayenne S (or a $50,000 Cayenne) with exceptional credit (885 transU)? I would go with the 48mo lease as I think it would be cheaper from my calcs.
Can I expect a MF of .0029 or lower and a residual of 56-58%?
Will the 2006 S get me better deals than the titanium edition? One of the dealers was implying that the titanium would hold higher residuals, but I assume they would hold the car price close to MSRP.
I'm literally planning on walking into a dealership and saying take it or leave it. If they don't bite, Lexus is offering me great deals on their GS300s. Whatever happens, tomorrow is the day Would appreciate any help and apologies for the long post.
THANKS!
S
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Mckenna sold it in Norwalk. Nice people and they let me drive several before purchase. Check out the Titanium model as a lot of extras on the S come with it, i.e.Navigation, 19" wheels, Xenon lights, etc. I love it!
My girlfriend and I are in the market for the Cayenne V6. I was reluctant to lease a cayenne in September due to the money factor and residual rates. I spoke to McKenna Porsche in California over the phone and they claimed the best residual rate they could offer me with Tier 1 credit was 35% for 60 month lease, which was ridiculous compared with the information I found here.
Now it's October and my question is -- What is the BEST money factor and residual for either 12000 or 15000 miles/year and either 36 or 48 lease on a '06 cayenne? Thanks for your response in advance and looking forward to joining the Porsche family!
Peter
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Thanks.
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I have an offer to lease a used 2006 Porsche Cayenne Turbo with 5800 miles for sales price of $89000 and MSRP 104000. I was given $0 down, 2500 per month and 24 months. How do you evaluate this offer?
I have another offer for a new Porsche Cayenne Turbo S MSRP 111000 with sales price $96,000 for $0 down, $2400 per month and 24 months 15 k.
Could you tell me what your thoughts are on these two scenarios?
Thanks so much,
Mr_nomad2007