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2020 Porsche Cayenne Lease Deal Assistance

sixsigma43sixsigma43 Posts: 8
edited September 2020 in Porsche
2020 Porsche Cayenne E-Hybrid AWD

MSRP: $123,790

Looking for invoice.

Lease money factor at buy rate

What expected lease payment should be based off zip code 92130, 3yr / 12k miles per year , 3 yr / 15k miles per year.

Comments

  • kyfdxkyfdx Posts: 185,009
    edited September 2020

    2020 Porsche Cayenne E-Hybrid AWD

    MSRP: $123,790

    Looking for invoice.

    Lease money factor at buy rate

    What expected lease payment should be based off zip code 92130, 3yr / 12k miles per year , 3 yr / 15k miles per year.

    .00200 MF

    Is this the SUV or the Coupe?

    If that is the MSRP, you are going to get killed on a lease.
    The MRM is below $100K

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Ok. So here is how bad it is so far.

    The money factor is .00260 and the residuals are $55,689 (12k a year) and $53,735. (15k a year)

    There is a $6712 federal tax credit on the Cayenne Hybrid which can be applied as a cap reduction on a lease.


    With $4200 drive offs, the 12k monthly is $2354 and the 15k is $2409

  • Also it is the SUV
  • kyfdxkyfdx Posts: 185,009
    edited September 2020

    Ok. So here is how bad it is so far.

    The money factor is .00260 and the residuals are $55,689 (12k a year) and $53,735. (15k a year)

    There is a $6712 federal tax credit on the Cayenne Hybrid which can be applied as a cap reduction on a lease.


    With $4200 drive offs, the 12k monthly is $2354 and the 15k is $2409

    36/15
    .00200 MF and 55% residual

    MRM = $97,700.

    $53735 is the correct residual for 36/15

    Without an MRM, the residual would be $68084.
    So, that's an extra $400/mo., right there.
    The money factor markup adds $100/mo.

    If you are paying full sticker, minus the rebate, that puts you around $2200 + tax. (which more or less matches their quote).

    If you found a unit that had an MSRP that matched the MRM, and with no discount except the rebate, your payment would be $1400/mo.+tax.

    I know Porsche options are nuts... but, I'd either find one that stickers under $100K, or pick a different vehicle.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • RRSPORTHSTRRSPORTHST Posts: 8
    edited October 2020
    so just to understand (i’m a bit new at this) If you can get a discount off the MSRP, you are helping close the gap on the MRM?

    IE Cayenne coupe e-hybrid 120K MSRP with a MRM 101K~
    -6.7K - (Electric vehicle tax credit/rebate)
    -9.6K - 8% off MSRP

    now you’ve closed the gap to.. 2.7K... (103.7K)

    so on a 36 month.. that would only increase your payment by... $75 a month?
    kyfdx said:

    Ok. So here is how bad it is so far.

    The money factor is .00260 and the residuals are $55,689 (12k a year) and $53,735. (15k a year)

    There is a $6712 federal tax credit on the Cayenne Hybrid which can be applied as a cap reduction on a lease.


    With $4200 drive offs, the 12k monthly is $2354 and the 15k is $2409

    36/15
    .00200 MF and 55% residual

    MRM = $97,700.

    $53735 is the correct residual for 36/15

    Without an MRM, the residual would be $68084.
    So, that's an extra $400/mo., right there.
    The money factor markup adds $100/mo.

    If you are paying full sticker, minus the rebate, that puts you around $2200 + tax. (which more or less matches their quote).

    If you found a unit that had an MSRP that matched the MRM, and with no discount except the rebate, your payment would be $1400/mo.+tax.

    I know Porsche options are nuts... but, I'd either find one that stickers under $100K, or pick a different vehicle.
  • kyfdxkyfdx Posts: 185,009

    so just to understand (i’m a bit new at this) If you can get a discount off the MSRP, you are helping close the gap on the MRM?

    IE Cayenne coupe e-hybrid 120K MSRP with a MRM 101K~
    -6.7K - (Electric vehicle tax credit/rebate)
    -9.6K - 8% off MSRP

    now you’ve closed the gap to.. 2.7K... (103.7K)

    so on a 36 month.. that would only increase your payment by... $75 a month?

    kyfdx said:

    Ok. So here is how bad it is so far.

    The money factor is .00260 and the residuals are $55,689 (12k a year) and $53,735. (15k a year)

    There is a $6712 federal tax credit on the Cayenne Hybrid which can be applied as a cap reduction on a lease.


    With $4200 drive offs, the 12k monthly is $2354 and the 15k is $2409

    36/15
    .00200 MF and 55% residual

    MRM = $97,700.

    $53735 is the correct residual for 36/15

    Without an MRM, the residual would be $68084.
    So, that's an extra $400/mo., right there.
    The money factor markup adds $100/mo.

    If you are paying full sticker, minus the rebate, that puts you around $2200 + tax. (which more or less matches their quote).

    If you found a unit that had an MSRP that matched the MRM, and with no discount except the rebate, your payment would be $1400/mo.+tax.

    I know Porsche options are nuts... but, I'd either find one that stickers under $100K, or pick a different vehicle.
    The MRM puts a CAP on the residual. A bigger discount will save you money on any lease, but it doesn't mitigate the damage from picking a unit that is over the MRM, as the residual is still capped.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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