A total newbie confusion on my part. When you asked me if I wanted to flip it, I said yes. But I misunderstood - no it is not to flip. Goal is to keep it for two years and then return it.
That’s why both MF and RV matter a lot. 5% difference in RV means that my payment is almost $140 a month higher over 24 months.
Found a dealer that charges no mark up on either MSRP or MF.
Now just need to decide on 90s (RV of 86%) and 110 base (RV of 92%). MF on both for 24 months lease is the same as .00309. Of course both RV and MF could change by the time the vehicle is ready for delivery.
You really ought to run the numbers comparing the .00409 mf on a lease vs a balloon loan for 24 months and then ask yourself if the “flexibility” of a lease is worth 5 figures or not. Youre talking about the neighborhood of $12000 in rent charge here…
But unless I am missing something major here, I can’t see how a buy decision (balloon loan or not), works for me. So not sure what do you mean by I am paying thousands extra.
See the comparison. This is assuming I can get a balloon loan at 4%. This is for a $63k 110 bass model vehicle.
Of course a big unknown and assumption here is around resale value of the vehicle in two years time. I am assuming that I can sell for 85% of MSRP ie 53500. You may say that the market will be stronger than that and I can sell for more than that. That’s fine if someone wants to make that assumption, but not me.
Drop the bank fee on the balloon loan and lower the interest to 3.24% to reflect what you can get from americu.
An LR dealer charging buy rate and not marking up the mf is unheard of. If thats actually what theyre going to do, fantastic, but you better have that in writing with the GM’s signature on it. LR dealers love their .00100 mark up.
Dealer I spoke to required me to add Interior Protection Package, Tire & Wheel Protection, & Emergency Pack. They won’t order a vehicle without it just in case I decide I don’t want it.
Yes, so they aren’t stuck with something they can’t sell to someone else. Porsche dealer isn’t going to waste a GT3 allocation on you if you order a bone stock car, back out, and then have to go through the effort of unloading a less desirable car (more of an extreme, but you get what I mean).
The Interior protection package, wheel protection package (which are lugnuts and might not be what he’s referring to) and Emergency Pack are accessories that can be added.
There is no bank fee
Sales tax seems way to high for NY
Interest charge is too high
On a 24 month AmeriCu loan your payment would be $490 and the final payment would be $50,979 with total intertest paid of $3,763. Keep in mind this is over 100% financing with all taxes and fees included.
TCO for a balloon loan: 24 * $490 = $11,750 (sum of payment) + $2658 (neg equity) = $14,408
Definitely go drive the Macan first. I previously had a base Cayenne and currently have a Cayenne Turbo. I’ve had some Macans as service loaners over the last several years. To me, they aren’t really directly comparable, particularly if you’re looking at one of the 4 cylinder Macans.
That isn’t to say that Macans aren’t good to drive or don’t handle well, but the driving feel and power delivery just doesn’t feel comparable to me. However, I can’t speak to the Macan S/GTS/Turbos with the V6s, so those might feel closer to power delivery you’ve experienced in the Cayennes you’ve driven.
That is my assumption, without driving a Macan. I’ve yet to see/feel a 4 cylinder that I’ve liked, at least nothing besides in beater cars lol. If I do go Macan, I think the S would have to be the baseline. I also really prefer the looks of the quad exhaust… though it seems some of the new base models have quad as well. It must now be an option.
To date, I’ve yet to find an SUV that ranks as highly as the Cayenne (to me). It really is a great overall package. The styling is there, the power is there, it handles nearly like a car, and it obviously has Porsche’s quality.
