Did my buddy get ripped?
Did my buddy get ripped?
My buddy just picked up a 2008 Cayenne S. The car was ordered for someone but they ended up not taking delivery of the car so it was pretty heavily optioned. The sticker ended up being 78k. I was talking to my friend about what he leased it for and he said he put 8k down and is paying 1300 a month. This is for 42 months 12k miles a year. I thought it sounded pretty high.
Im not familiar with porsche leasing at all.
thanks
Im not familiar with porsche leasing at all.
thanks
first we dont know his credit score, what leasing company etc. if he had a trade..
at 8K down you'll be at 70K... us bank rate A credit is .00202 with a residual of 56% 36 months.. that's already $1075/month + tax.. so it's pretty accurate if he went thru Porsche which lease rate is about .00330
he'll be at $1160/month + tax with Porsche 36 months.. but this is 36 months he's probably not tier 1 credit..we need to know the facts..
at 8K down you'll be at 70K... us bank rate A credit is .00202 with a residual of 56% 36 months.. that's already $1075/month + tax.. so it's pretty accurate if he went thru Porsche which lease rate is about .00330
he'll be at $1160/month + tax with Porsche 36 months.. but this is 36 months he's probably not tier 1 credit..we need to know the facts..
Originally Posted by alex911s
first we dont know his credit score, what leasing company etc. if he had a trade..
at 8K down you'll be at 70K... us bank rate A credit is .00202 with a residual of 56% 36 months.. that's already $1075/month + tax.. so it's pretty accurate if he went thru Porsche which lease rate is about .00330
he'll be at $1160/month + tax with Porsche 36 months.. but this is 36 months he's probably not tier 1 credit..we need to know the facts..
at 8K down you'll be at 70K... us bank rate A credit is .00202 with a residual of 56% 36 months.. that's already $1075/month + tax.. so it's pretty accurate if he went thru Porsche which lease rate is about .00330
he'll be at $1160/month + tax with Porsche 36 months.. but this is 36 months he's probably not tier 1 credit..we need to know the facts..

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