2020 Porsche Cayenne Lease Deal Assistance

Comments

• kyfdx Moderator Posts: 236,768

  September 2020 edited September 2020

  sixsigma43 said:

  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

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• sixsigma43 Member Posts: 8

  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
  
  

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• sixsigma43 Member Posts: 8

  September 2020

  Also it is the SUV

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• kyfdx Moderator Posts: 236,768

  September 2020 edited September 2020

  sixsigma43 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.

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• RRSPORTHST Member Posts: 9

  October 2020 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:

  sixsigma43 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.

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• kyfdx Moderator Posts: 236,768

  October 2020

  RRSPORTHST said:

  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:

  sixsigma43 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.

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