Hi guys,
In the market for a 2019 Porsche Cayenne, can anyone give me any tips on the following terms? I’m a newbie idiot when it comes to leasing
The lease would be as follows:
39 month – 7,500 miles a year
$1125 Monthly
$5096 Total upfront – this includes first months payment & Tax.
Without MSRP or Selling price the rest of the information is arbitrary
MSRP:
Selling Price:
Monthly Payment:
Drive-Off Amount:
Months:
Annual Mileage:
MF:
Residual:
Incentives included in lease:
Region:
oops sorry, here is the info for a similar car quote I got
Date: November 23, 2018 01:09 pm
Vehicle: New 2019 Porsche Cayenne 4dr Wgn AT
VIN: WP1AA2AY2KDA01629 Color: MOONLIGHT.BLUE.MET
Stock #: 2190004 Odometer: 11
$1077.24/month for 36 months
Summary Due In Advance
Monthly Payment with Tax: $1077.24
Term: 36 months
Annual Miles: 7500
Excess Mileage Charge: $0.30
MSRP/CRV: $71810.00
Residual %: 61.0%
Residual Value: $43804.10
Lease Buyout: $43804.10 First Payment: + $1077.24
Cash Down: + $2000.00
Acquisition Fee: + $995.00
Cap Reduction Tax: + $265.81
DMV Fees: + $410.00
Documentation Fee: + $398.00
Due at Signing: = $5146.05
Total Credit: = $0.00
Cash Due: = $5146.05
No dealer diacount, no incentives at all?
At effectively $1,200 per month for $71k MSRP, that’s not a good deal at all
I know 2019 is a new design and just hit the market so if you’re not in a rush, your best bet is to wait a while.
Or go lease a Range Rover Sport or Velar and save $300 per month
This is a really expensive lease. Have you tried other dealers?
I have tried others and got similar numbers. I’m a newbie, so not even sure how best to negotiate. What would be considered a not so expensive lease?
I thought about a 2019 cayenne to replace my wife’s Volvo. But the MF will just never make it a good lease. A horrible one at that.
MSRP 8k more, more miles, and a cheaper lease. 5.5 discount off msrp.
So your deal is not good. edit. This term does not include acq or forst payment, but it’s still better.
A not so expensive lease would be something closer to 1% of negotiated sales price as a monthly. Porsche consistently appears to be the furthest above that goal than every other mainstream brand.
P has done a great job building that brand… they just want a hefty premium for it. Can’t say I blame them, but I’ve not seen a lease deal that makes sense. It seems like P’s are better deals as cpo purchases.
You need to ask Paul Miller for a discount of the MSRP.
I think the consensus is that Porsches don’t lease very well which is understandable. How about BMW, Benz, & Audi? Anyone have any input on how the following cars lease:
BMW x4 M40i
Benz GLC or GLE 43 AMG Coupes
Audi SQ5?
Thanks again for the info guys!
Hi can someone assist with telling me if the numbers I received on a 2020 Cayenne S are good? In my research I believe not, but would like confirmation.
MSRP: $74,290
Selling Price: $70,575
Money Factor: .0028
Residual: 58%
12,000 Miles
36 Months
At signing: $6,708
Monthly Lease: $1,023
Thanks!
Might as well just purchase it at those numbers.
I agree. Trying to understand the real numbers here…any indication of where they should be?
Have you confirmed rv/mf/incentives with edmunds? Unfortunately, porsches rarely make sense to lease financially.
Hi am in the same boat as Jason. Here are 2 recent quotes from to different socal dealers.
Thoughts anyone?
MSRP: $79,960
Selling Price: $73,960
Money Factor: .0027
Residual: 59%
12,000 Miles
36 Months
At signing: $3500
Monthly Lease: $1,096 plus tax
MSRP: $80,360.00
Selling Price: $75,360
Money Factor: .0031
Residual: 59%
12,000 Miles
36 Months
At signing: $3500
Monthly Lease: $1246 plus tax
Right off the bat, one dealer is giving you less discount and marking up the MF. Base MF and more discount. Good luck though, Porsche dealers have a tendency not to discount their cars and Porsche finance money factors are notoriously terrible.
I love porsches but you can get two X3 M40i’s for that price
They aren’t even remotely the same.
