Lease Question
09-25-2018, 01:00 PM
#1
Addict
Rennlist Member
Rennlist Member
Thread Starter
Lease Question
Thought I would post this in the newer car Forum. I didn’t get an responses with the Cayenne crowd.
Can you negotiate the purchase price once the lease is over on Porsche Lease?
My prior DD was a BMW, BMW said they would not negotiate the buy back price, but when I went in to turn the car back, the dealership offered me the car at about 15% Less what buy back was on the lease contract. Does Porsche negotiate the purchase price of the car once the lease is over?
I’m currently leasing a 2017 Cayenne.
Can you negotiate the purchase price once the lease is over on Porsche Lease?
My prior DD was a BMW, BMW said they would not negotiate the buy back price, but when I went in to turn the car back, the dealership offered me the car at about 15% Less what buy back was on the lease contract. Does Porsche negotiate the purchase price of the car once the lease is over?
I’m currently leasing a 2017 Cayenne.
09-25-2018, 01:35 PM
#3
Three Wheelin'
Depends on the market and residual. A leased M5 at 36 months old may have residual around 60k but trade-in/market value is low 50's. So dealer may be interested in selling it to you for lower to keep you in the brand.
Wife's Q5, residual is 25k after 36k and trade in is 26k and market is low 30's. Her lease is up next month and we plan to buy it but we are not getting a deal. It only has 18k miles so we will not bother with CPO as it will be covered by warranty for another year.
The Cayenne drops in price a lot so price may be lower than residual. If similar Caynnne's are on the lot for less than your residual, dealer should sell you your car at discount vs another car that sits on the lot which has been inspected, cleaner etc.
Wife's Q5, residual is 25k after 36k and trade in is 26k and market is low 30's. Her lease is up next month and we plan to buy it but we are not getting a deal. It only has 18k miles so we will not bother with CPO as it will be covered by warranty for another year.
The Cayenne drops in price a lot so price may be lower than residual. If similar Caynnne's are on the lot for less than your residual, dealer should sell you your car at discount vs another car that sits on the lot which has been inspected, cleaner etc.