Is this a decent lease deal?
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Is this a decent lease deal?
2004 Cayenne Turbo
23K Miles
MSRP ~$94,500
Listed @ Carlsen Porsche in Redwood City
Selling Price: $74K*
Cap Reduction: $0
Term: 48 months
Lease Factor: .0024 (porsche financial)
Residual: $36,098
Drive Off: $1701
Payment: $1068 + Tax
*Can be certified for $1500 additional
Sounds pretty decent, but I was thinking of having him throw in the certification and including tax for the same payment. Maybe that's asking too much.
Thoughts?
23K Miles
MSRP ~$94,500
Listed @ Carlsen Porsche in Redwood City
Selling Price: $74K*
Cap Reduction: $0
Term: 48 months
Lease Factor: .0024 (porsche financial)
Residual: $36,098
Drive Off: $1701
Payment: $1068 + Tax
*Can be certified for $1500 additional
Sounds pretty decent, but I was thinking of having him throw in the certification and including tax for the same payment. Maybe that's asking too much.
Thoughts?
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Joined: Jul 2003
Posts: 3,166
From: here
Rep Power: 150
Re: Is this a decent lease deal?
Originally posted by trojanman
2004 Cayenne Turbo
23K Miles
MSRP ~$94,500
Listed @ Carlsen Porsche in Redwood City
Selling Price: $74K*
Cap Reduction: $0
Term: 48 months
Lease Factor: .0024 (porsche financial)
Residual: $36,098
Drive Off: $1701
Payment: $1068 + Tax
*Can be certified for $1500 additional
Sounds pretty decent, but I was thinking of having him throw in the certification and including tax for the same payment. Maybe that's asking too much.
Thoughts?
2004 Cayenne Turbo
23K Miles
MSRP ~$94,500
Listed @ Carlsen Porsche in Redwood City
Selling Price: $74K*
Cap Reduction: $0
Term: 48 months
Lease Factor: .0024 (porsche financial)
Residual: $36,098
Drive Off: $1701
Payment: $1068 + Tax
*Can be certified for $1500 additional
Sounds pretty decent, but I was thinking of having him throw in the certification and including tax for the same payment. Maybe that's asking too much.
Thoughts?
Last edited by ben, lj; Feb 28, 2005 at 06:12 PM.
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Posts: 1,159
From: New Jersey
Rep Power: 68
I would only buy it if it was certified, you don't want to be stuck with a lemon. You want porsche to cover you well beyond the standard warranty. I would love to get one of those extended warranties on my 996 and my soon to be delivered cayenne S.
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Originally posted by trojanman
All of the leasecompare quotes have lower residuals.
All of the leasecompare quotes have lower residuals.
btw, you might talk to the guy that runs leasecompare and see what he can do. he hangs out in the finance section of 6 speedonline:
https://www.6speedonline.com/forums/...threadid=21864
Cayenne 4Dr Wgn Turbo
24 mo/15k mi – 60% Residual Value – Money Factor .00375 Base Rate
36 mo/15k mi – 56% Residual Value – Money Factor .00240 Base Rate
48 mo/15k mi – 48% Residual Value – Money Factor .00240 Base Rate
60 mo/15k mi – 41% Residual Value – Money Factor .00240 Base Rate
Remember, the dealer does not have to give you the base rate. It is always best to compare other sources. You can do this through LeaseCompare.com.
Note: Regional rates may vary.
__________________
-Tarry Shebesta, OCLC
Certified Lease Consultant
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Welcome to the OC, bitch!
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Ben - thanks for the info. Interesting...according to LeaseCompare, I can get a better money factor by using a company other than Porsche Financial, but the residuals of the 3rd parties are MUCH worse, thus making the payment HIGHER!!
Why is the 24 month money factor so high? Isn't the rule of thumb that money is cheaper when you need it for less time?
Why is the 24 month money factor so high? Isn't the rule of thumb that money is cheaper when you need it for less time?
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