Please teach me how to read basic lease terms

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First post, so please understand..

I am looking to purchase Porsche cayenne, been camping for 2025 CPO models, but the options i’m looking for isn’t available widely and got me into consider new cars in lot.

here is where i am standing:

  1. i’m in WA state.
  2. i have a car to trade in, Macan, since all the available is located out of state, most likely, i won’t be able to trade in. there are a few vehicles interested in CA state, which i might just drive down, but i’m afraid that if the value they would offer will change after i drive all the way down there and i endup having no choice but walk away with bad deal.
  3. i’ve never leased only purchased/financed.

I just received email from a few dealers on their lease special and reading some of the fine prints got me thinking, they actually give discounts on MSRP if you go through the lease term?

here are 2 examples, and i want to understand how to read lease terms..

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$699/mo for 39 mos. $10,999 due at signing
$8,379 cap cost reduction + $1095 + $477 + $349 + $699 = $10999 due at signing
MSRP $68095. listed $63925.93 - does that mean they are selling it for 63925.93?
ACC 55,546,93 - i mean where is this number coming from? my basic math cannot get this number from the given numbers.
because they did not mentioned buy out number, this is something i need to check if i want to keep the car at the end of the lease term, right?

second example, what it looks like an HORRIFIC deal compare to one above.

Actual lease price determined by your authorized Porsche Center; your payments may vary. Closed-end lease offered to qualified lessees with approved credit by Porsche Financial Services (PFS) through participating U.S. dealers. Must take delivery by 3/31/2025. Estimated payments based upon MSRP of $74,375 (includes delivery, processing, and handling fee) for a Model Year 2025 Macan. Model pictured may be priced higher and may have optional features and equipment. Price excludes any title, taxes, registration, license fees, insurance, maintenance, and dealer fees. Lease payments of $899 for 39 months total $35,061 based on the adjusted capitalized cost of $64,930 (requires dealer contribution, which could affect price). Actual MSRP may vary and could affect your monthly lease payment. Total due from customer at signing $8,929 (first month’s payment, acquisition fee of $1,095, $200 NEGOTIABLE DOCUMENTATION FEE and capitalized cost reduction of $6,735). No security deposit required. At lease end, lessee pays excess wear, $.30/mile over 32,500 miles, and $595 disposition fee. Purchase option at lease end $44,835 plus taxes. Specific vehicles and options are subject to availability and your price may vary. See store for complete details.

how i’m reading this:

  1. window sticker price is $74,375
  2. ACC is $64,930 (what the heck is ACC?)
  3. you need to pay $899 for 39 months, $35,061 total
  4. you also need to pay $8,929 when you sign.
  5. you have option to pay $44,835 to purchase the car after lease end
  6. 44,835+35061+8929-899=$87926 is total you end up paying for this car if you were to keep the car at the end?

in my case, where i may need to lease from out of state, can i buy out vehicle without having the car physically present at the original dealer?

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First and foremost, that advertisement is NOT for $699/mo with $10999 due at signing. That price excludes taxes and fees, so the actual price is thousands higher.

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Adjusted Capitalized Cost. Basically sales price plus capitalized taxes/fees minus cspitalized cost reductions (incentives/down payments)

You need to pay more monthly and at signing since taxes and fees arent included

Plus sales tax on the buyout, buyout fee, and any reg/title transfer costs

Im not sure what youre asking here. When you buy a car from the dealer, that car needs to be at the desler youre buying from. You don’t.

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Here is a primer:

Advertised deals are usually terrible.

I assume “listed” price is indeed the selling price. Subtract the $8379 down payment (“cap cost reduction”), you get the adjusted capitalized cost of ~$56K.

The residual value (not incl the fees listed in the previous post) is your buyout at the end of the lease. The buyout figure changes depending on when you time the buyout.

Yes, you would need to ask the dealership for that value (or you can join as a Super Supporter here or ask on the appropriate Edmunds forum).

Depending on the what the money factor (MF) is and whether there are lease-specific rebates/incentives, you could potentially buyout the car immediately (which might result in a lower total cost of ownership than buying it out at the lease end).

I imagine you could sign all of the paperwork ahead of time from home…?

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