2023 Porsche Cayenne, 1240 miles/month, effective $1194 monthly, includes service warranties galore

[trife]

Year, Make, Model, and Trim: 2023 Porsche Cayenne Base
Location: Huntsville, AL

MSRP: $94520
Monthly payment: $1302.31
Effective monthly payment (if incentive is provided): $1194 (23 payments left)

Current mileage: 23337 (daily driven, so mileage will go up)
Maturity mileage: 53132
Effective miles per month: 1241
Maturity date: 09/17/2026

MSD due (if any): n/a
Cash due (if any): n/a
Incentive for new lessee (if any): $2500

Financial institution: Porsche Financial Services
Transfer fee: $1000
Out-of-state transfer allowed (yes/no): yes (buyer responsible for transport)

Vehicle condition (accidents, tire wear, etc.), options, and other details:

Clean Cayenne up for lease swap here. Exterior paint is in excellent shape with no noticeable blemishes. Interior is in great shape, with minimal wear/tear noted. Wheels do show some curb rash (it is a wife driven vehicle ), but nothing too crazy. Check the pics for details.

No accidents. Never been smoked in. No pets. In perfect working condition.

New set of Michelin Pilot Sport 4S installed in June 2024 via my local Porsche dealership, so the rubber is good on all 4 corners.

Car is coated with a 9-year Gtechniq Crystal Serum Ultra ceramic coating.

Comes with a transferable Fidelity Tire/Wheel warranty (Premium level) that covers road hazards AND cosmetic damage. $0 deductible and unlimited usage for the life of the lease. See details here.

Comes with Porsche +2 Porsche Scheduled Maintenance Plan which is good for 3 years or 30k miles. Essentially the 30k service is paid for. See what else is covered here.

Comes with Porsche Term Care Select Platinum Plus Rotors, which is good for 39 months or 48750 miles. This is a $0 deductible warranty that covers parts/labor for some wear/tear items including one (1) set of front/rear rotors ($$$). See what else is covered here. None of these benefits have been used yet.

Feel free to reach out with any questions. Thanks.

Photos:

[zaimer]

Nice looking car, but this will never move on here at that money. If you really want to get out of it I’d recommend listing on SAL (if you haven’t already).

Here is a free thread bump & GLWT.

[trife]

Interesting thing is I’ve had a couple LHers reach out about it. But yes, SAL will definitely be more effective on something like this.

Currently waiting on PFS slow asses to go over a potential swapper’s credit app. Who knew it could take a week to make a credit decision in 2024. Meanwhile BMW got my X3M lease swapped and off my credit report in literally 5 business days. Wild.

[zaimer]

@trife

Currently waiting on PFS slow asses to go over a potential swapper’s credit app. Who knew it could take a week to make a credit decision in 2024.

bahahahaa

[trife]

So what you’re saying is I should plan on this taking the full 4-6 weeks that PFS quoted me? Damn.

[Kctham18]

PFS also has much lower volumes to deal with than BMWFS, and I believe lease transfers are just a tiny fraction of their book. Still no excuse for the slow credit checks and process.

IMO BMWFS is the gold standard for lease transfers… they’ve got it locked down and they’ve got good people that know what they’re doing.

[zaimer]

And the fair majority of the people that work there seemingly have no actual idea as to what they are doing. They provide prompted responses with no understanding outside of what they have been told to say or shown. Example A, there was a week where I had spoken with three different reps/agents/whateverthehellyouwanttocallthem and was given three different answers each time I had called in. It was a fairly simple question (with a definitive answer).

Then throw in a “buyer” that dicks around and drags his/her feet. I don’t know if I would participate in a transfer again. Its not worth the time & headache IMO.

[zaimer]

Also an important note if you weren’t already aware. You can only have TWO (attempted) applicants and then you are unable to transfer out of the lease with PFS. So choose your folks very carefully.

[IAC_Scott]

@trife

So what you’re saying is I should plan on this taking the full 4-6 weeks that PFS quoted me? Damn.

Absolutely.

Up to 5 days just to send the app.
Up to 5 days just to run their credit and review the app.

[trife]

Didn’t know it was just 2 attempted. That’s wild. Thankfully the buyer I’m dealing with is on top of things. Spent a good 20 minutes chatting about the car, outlined that the $900 transfer fee wasn’t refundable if she backed out, etc. She’s been great to work with and the 4-6 week timeframe actually works better for her. So fingers crossed.

But yeah–I’m never getting into another Porsche outside of 12/15k leases. After that painless BMW swap, PFS looks like amateur hour. No thanks.

[trife]

Yep, that’s what I’m dealing with. 5 days just to send a basic, boilerplate email to do the credit app.

I’m grateful that they allow a lease transfer in the first place, as many manufacturers don’t. But damn–we’re really gonna drag this out for a month+? In the year of our lord 2024? Insane.

[IAC_Scott]

@trife

In the year of our lord 2024? Insane.

At PFS they party like it’s 1980, but they’re nice people generally speaking.

[zaimer]

Yeah, sounds like most “buyers”. Everything sails along until it doesn’t. Yours could turn out flawlessless, and I hope it does, but I just wouldn’t bet the farm against it lol. And obviously the $900 goes to PFS. You would be left with nothing more than one of your two attempts being burned.

[rivers2mathews]

I’m convinced PFS just has one guy that has to constantly travel between America and Germany to file physical paperwork when it comes to lease transfers.

[Ursus]

They must be sending pigeons between US and Germany.

[trife]

Welp, you jinxed me.

Buyer claims perfect credit then proceeds to send me a way less than perfect Vantage Score. Nice.

One more attempt left. PFS sucks with their 2 swap limit.

[zaimer]

I was advising caution with very honest advice.

For S&G’s what kind of a score are we looking at here?

I’ll take it off of your hands. $15k incentive, shipped to me & you cover the transfer fees Offers expires EOD

[trife]

Deal! Send me your Zelle info.

750 score. Honestly I have a hard time taking anyone serious if they use that score for gauging their lending power. Also didn’t disclose the 100k+ loan for another vehicle taken out a month prior.

[zaimer]

Honestly not as bad as I was expecting. I’m not sure I would sell that as a “perfect score” however lol.

@trife

I have a hard time taking anyone serious if they use that score for gauging their lending power

yeppp

PFS is known to be on the more selective side. It can definitely help if a person is a current or former PFS customer as well…

[jeisensc]

@trife

Buyer claims perfect credit then proceeds to send me a way less than perfect Vantage Score

Was it printed on the hat of a Jack in the box, or displayed on the screen of Speak-and-spell?

Nobody is using Vantage or Credit Karma scores to make lending decisions