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Porsche Cayenne Lease Questions
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Also can you confirm that Porsche does NOT allow you to lock-in rates while you're order is being built? BMW does so thought this was strange.
I have outstanding credit....but I feel like this is not a good lease....
Anyone have any other dealers that would beat this ?
thanks for any help
Thanks,
The bigger problem is actually finding a car. I live in a high demand market and almost all Cayenne inventory for the next 2-3 months is spoken for.
Zero deals. Full sticker or higher.
That just theft considering how cheap money is these days.
However, there aren't many Cayenne's out there (especially if you're trying to get the base model). They may be just taking advantage of that fact.
Thanks again for all of your help over the past few months.
Kyle
Dealer 1 - MF: .00220, 54%
Dealer 2 - MF: .00228, 55%
Dealer 3 - MF: .00350, 53%
Hard to tell who's telling the truth these days. Some of these guys will tell you anything to get you off the market. Really depends on how much your dealer is trying to hide in the lease.
http://www.leasecompare.com/car_leasing_forum/showthread.php?6059-Request-Porsch- e-April-2011-Cayenne-V6-Lease-Rates-please
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At least that's what I ran into.
Was told by 2 dealers that you're way better off waiting until August.
Money factor is a HUGE profit center for dealers right now and they're marking them up big.
Ended up getting a 2011 Range Rover instead. Great lease deals.$5k down, $1,050/month 36/10k
Kyle
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Is it safe to assume that the residual for a 2012 Cayenne for Sept. delivery will be in the 55% range? Let's assume gas doesn't go to $6/gallon...if so all SUV residuals will tank!
Thanks!
Looking to get a hybrid, month36, 15k, is it really worth to wait till august, as gas prices are only going to go up and 2011 or 2012? Any suggestions?
Jack
Thank you
Is the information on the Cayenne Hybrid 2011 lease below still applicable for May? Or has it changed? If so, what are the new numbers.
Thank you!
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"Hi ratings. Porsche Financial Services' April buy rate lease money factor and residual value for a 48 month lease of a 2011 Cayenne Hybrid with 10,000 miles per year are .00220 and 50%, respectively for consumers who qualify for its top credit tier. "
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Porsche is not providing any lease support on the Cayenne right now, so I personally don't think that there's any harm in waiting to lease one though.
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In any event, I looked at a 2011 Cayenne S with an MSRP of 83,220 that was reduced to 76,500 without a hitch. I was then told the MF was 0.00260 and the residual value 53% for a 36 month, 10,000 mile/year lease. I said that I had seen lower money factors consistently referenced on this board - typically 0.00220 - and he said this figure was not accurate and the MF and residual value were set by PFS. He said they had been consistent since April 1 and expire June 30. I was also told the highest MSRP PFS will allow on an S lease for residual value calculation is $80,000, so that figure had to be used in the calculation instead of $83,245. This effectively reduced the residual value from 53% to 51% when I plugged numbers into my lease calculator.
I was glad he readily knocked 8% off the MSRP, but is he pulling my leg on the terms to compensate? Another dealer nearby has a similar model that's slightly less equipped. I plan on calling their financial manager on Monday to see what's going on.
I'm not sure about the maximum residual amount for the Cayenne. To me it seems strange that PFS would cap it, given the a la carte menu of options that Porsche offers, but I suppose that it's possible.
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What is Porsche Financial Services’ September buy rate lease money factor and residual percentage for a 36-month lease of a 2011 Porsche Cayenne (with PDK) with 12,000 miles per year?
Also, I am open to any lease terms that will yield the lowest possible drive-off and monthly payment for this car. Is it wiser to lease a 2012 model? Are shorter-term (i.e. 18-month) leases still available, and, if so, are they a better deal?
For some reason the 2012 model's lease program doesn't appear to be any better than the 2011 model's program so you might as go with the '11 and the likely larger dealer discount that you will be able to get on it.
Porsche was running some 18-month specials on the 911, Boxster, and Cayman, but I don't think that it had this program on the Cayenne.
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Can you help me with what the residual and money factor should be on a 2012 Cayenne v6 for a 36 month lease $0 down, 10,000 miles/year in los angeles? Also for a 48 month lease?
Thanks so much
The numbers for an otherwise identical 48-month lease are .00200 and 51%.
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I am about to lease a 2011 Cayenne S? The original MSRP was app $82,000.00. It has 4,000 miles on it and price has been reduced to $75,400.00 The lease would be 3 year/12,000 miles. What is the MF on this? The residual? Dealer stated that since car has not changed, the residual is basically the same. My spouse wants to put in enough upfront money to keep the monthly payments closer to $900 than to $1100. My spouse thinks negotiated price is great and is tempted to buy it over 60 months. Any help would be appreciated.
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What is Porsche Financial Services’ September buy rate lease money factor and residual percentage for a 36-month lease of a 2012 Porsche Cayenne Tiptronic with 12,000 miles per year?
not "September"...
Porsche Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2012 Cayenne Tiptronic with 12,000 miles per year are .00200 and 56%, respectively for consumers who qualify for its top credit tier.
In case you're interested, I've heard that Cayennes are in fairly short supply right now and that dealers aren't haggling much on them.
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Well, haven't pulled the trigger yet, so I was wondering:
Have Porsche Financial Services’ buy rate lease money factor and residual percentage for a 36-month lease of a 2012 Porsche Cayenne Tiptronic with 12,000 miles per year changed since last month?
And, you're very right. They're not budging.
Thanks a bunch.
My local Houston dealer is quoting me a Porsche Finance lease payment of $1,040 per month on a 3yr 15K miles/yr. The lease payment includes Texas sales tax at 6.25%, $500 dealer services fees, $850 acquisition fees. Residual value of 54%.
The money factor used is apparently 0.0028.
Does this sound right to you? The Cayenne is the only one available for modification and delivery in early May 2012 (according to their allocation). Is this why they are pushing the money factor so high? I have perfect credit with 2 BMW leases under my belt since 2006 (never late on a single payment which were on average $800/month).
The dealer is telling me his cost on the lease is based on a MF of 0.00208, and that he cannot go below a MF of 0.0028. I want him to reduce the MF to 0.0025 so my lease payment would be $1,000 or so and I will feel better about the 3 year deal.
Please advise! Thanks in advance!
According to the latest information that I have seen, Porsche Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2012 Cayenne Tiptronic with 12,000 miles per year are .00200 and 56%, respectively for consumers who qualify for its top credit tier.
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The other important, negotiable factor of this deal is the truck's selling price. You never mentioned what that is. I doubt that the dealer will be willing to provide you with much of a discount on a Cayenne right now, but you still should find out what you are being charged for the vehicle that you want.
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Can you kindly provide me Porsche's current lease M.F.'s and residuals for 24...36...48 months...12k miles p/y for both the Cayenne S & Cayenne S Hybrid?
Thank you for your help!
The numbers for 36- and 48-month leases of this truck are .00200 / 52% and .00200 / 45%.
The numbers for the 2012 Cayenne S Hybrid are .00200 / 58%, .00200 / 51% and .00200 / 44%.
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I can't tell you how appreciative I am of your help.
I've been told that Porsche Financial now caps the lease residuals to the manufacturers list of 81k and 85k dollars for the Cayennes S and S Hybrid respectively. Is that the case?
Thanks again
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