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Porsche Cayenne Lease Questions
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I shopped about 8 Porseche dealers in NJ, NY, PA and even DE.
I ended up with the following deal up in Bergen County which I thought was super.
It was a white with tan ( my wife had to have white ) Cayenne MSRP 57,800.
It had the 18 inch turbo wheels, Nav, and the Bose sound system plus a few other options. Everything we wanted.
Bottom line, it was a 36 month lease W/ 15,000 miles.
Total down upfront was $2,446.00 Monthly payement with NJ tax was $830.13.
For this particular truck with all the options it was the best deal I could find. I gave the dealer money and ordered the truck. The truck was being shipped.
My wife came to her senses a few days later and realized the truck was just too small for our lifestyle. Child, dogs, to and from beach house etc... Last truck was an Escalade.
The Porsche truck is very nice, but it did not come with very much (we wanted an entertainment center for the kids), the seats were uncomfortable and the cargo space was limited for our needs. We were basically paying up for the Porsche Badge. We had to find a bigger SUV. We ended up stealing an 08 Denali which we could not be happier with.
I hope you got a good deal. Take care. CM
Lastly... AVOID AT ALL COSTS PRINCETON PORSCHE. They were the rudest, cockiest car dealers we had ever met. They also had the worst deal.
Thanks!
Car_man
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Lease Formula/Calculator
Dealer says 61%resid for 36m/10k and 6.5% (mf=0.00275)
I have one question: Window sticker msrp says 59,835 (selling price 53500 ; 1500 over invoice)-
but dealer using lower figure (56,000) for the MSRP on the lease calculator, which increases monthly pymnts- he says porsche does this and does not sepreciate the options - is this right?
Cant find any better anyway and 08 cayennes are getting scarce in south FL, so I think I'll have to close the deal
36m/10k on a 08 V6 cayenne MSRP59k, sale price 54k
850/m incld taxes
Would greatly appreciate any input - I did lots of reading and thought I could figure out a good deal - but the dealer did his vodoo and got me confused.
'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..
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
rides
Matt
eights38@gmail.com
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.
$2K down, 10K mi/yr, 3 yr lease, $727/mo
Didn't say excess mile charge and residual %, It is in Mass.
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
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Prices Paid: Buying & Leasing Experiences Forum
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
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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.
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
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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
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?
Also does anyone know what is the lease factor for Cayenne now?
thanks in advance
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
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MF = 3.5%
Resid = 48%
Sale Price = $52,650
24.5% OFF Sticker
$9,700 Under Invoice
I live in CA. Anyone know where I can get a similar deal in LA area.
thanks...
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 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.
But, as I said, I tend to be willing to keep my cars longer than most, and when you do the numbers, long term amortization, and buying a car a year or two old has worked out better.
I try to avoid animals in the road, and have never hit one, or know anyone who has. And, it seems that manufacturers and banks are adjusting thier residuals and money factors to promaintain thier profits.
I guess it's not a fare comparison, since I buy used, and leasing applies to new only. I have considered it more than once, so maybe someday
MSRP 53720
Sale Price 48720
Money Factor 0.00146
Residual 54% for 3yr/15K miles
When I plug all these numbers in, it comes out to $660+tax and fees with 0 Cap reduction.
I am not sure if this is a good deal or not. This would be the first car I have ever leased.
If you were to lease this vehicle with only 12,000 miles per year, its residual value would be 2% higher.
Car_man
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Haven't leased a car in a while and wanted to get a gut check and see what questions to ask next; any help would be appreciated! Dealer in NJ gave me these numbers on this 2010 Cayenne. It's loaded up with the normal stuff you would expect Nav, ipod, bluetooth, heated seats, sunroof, xm, 18" wheels ect.
The only facts I have are this:
Sticker: $60,590
For the lease on this vehicle:
$696 per month (includes NJ tax of 7%)
$6000 total due (includes lease inception fees and all other fees)
12k miles per year
36 months
If this looks bad could you help me figure out why? Is this a bad time to lease a 2010 Cayenne or does this look like a normal deal?
Not sure if this forum is still alive; haven't seen many posts.
Thanks!
*MSRP
*Sale Price [this is the only thing you can really change]
*Bank Fee/Acq. Fee
*Cap Cost Reduction (Down Money)
*Resid. Value
*Money Factor (Interest Rate)
*Sales Tax
You should get at least 10% off the MSRP. Use this website (http://www.leaseguide.com/calc.htm).
Good Luck.