Sometime between my Wednesday dealer visit and today this has appeared in the window of every Cayenne.

<img src="http://homepage.mac.com/jewett/599.gif" alt=" - " />

$599 is a LOT less than I was quoted back in April - I don't have the full info. Anyone know if Porsche is offering special deals on Cayenne starting in June.

 

How many months?
How much down?
Mow many miles/year?

They can lease any car for any price. It's all a factor of the above. Have not seen any special rates/incentives yet.

 

ESKPORT:

No doubt about your inquiries. I have seen 996 turbo leases (1 year old cars with next to nothing milege) for $ 899 a month.

10 percent down, 8k or 10k miles per year, huge overage penalties, and 60 month leases.

 

I'd say a short least of say 24 months (60 months on a Turbo is ludicrous) with a high residual would be a nice insurance policy against resale value troubles.
It will be interesting to look at those trade-a-lease sites in twelve months.
The idea of 10% down kind of defeats the whole lease idea, doesn't it?

 

Before buying my Turbo, I looked into leasing. I was quoted in the low $1700s for a 3 year lease with 15k miles/year with nothing down and a $4,000 discount.

 

I ended up buying my TT. It is actually a business vehichle and because the GVWR is over 6,000, it qualifies for the one time bonus depreciation. In April this was 30%, but the government has since changed this to 50%. Plus, you can write off up to an additional $75,000. This is in addition to the standard 5 year depreciation. You can virtually right off the entire cost of the vehicle the first year. Speak to your accountant.

 

with all due respect to rod and doug, this is the kind of crap which causes people to walk into a porsche dealer and waste that customer's and the dealer's time, and spreads missinformation to other people. rod, i am willing to bet you that $599/month includes a large cap cost reduction or deposit, and/or includes a 60 month term, which is ridiculous. and doug, $899/month (about $950 with tax), plus $10,000+ dollar ccr, for 60 months for low miles per year for a 1 year old turbo is a horrible deal, and should be described as such. this is why we hear people saying "you can lease a turbo for $899 or a cayenne for $599" all the time. it just promotes missinformation.

 

</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by docjackson1:
<strong>with all due respect to rod and doug, this is the kind of crap which causes people to walk into a porsche dealer and waste that customer's and the dealer's time, and spreads missinformation to other people.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Time to switch to decaf man.

Cayenne S, $61.2k MSRP, $556/mo + tax.
Cayenne S, $65.0k MSRP, $599/mo + tax.
How? $7k discount, $5000 down, 48mos/10k miles/yr, 144 money factor.

If you want to preserve your cash, that $61k model went for $0 down, 48 months / 12,000 miles/year, $733/month + tax.

The $65k model is still available. Add about $50/mo to the example for real world pricing.

-Aron

 

Cayenne S, $61.2k MSRP, $556/mo + tax.
Cayenne S, $65.0k MSRP, $599/mo + tax.
How? $7k discount, $5000 down, 48mos/10k miles/yr, 144 money factor.

Which bank is using that money factor? I don't think the dealer's in NY have a program like that.

 

Several private lenders are trying to increase the size of their auto portfolio - thus the low rates, beating the captive finance sources.
J

 

To be honest, I don't know which one it was. May have been Bank One. But .001440 is very cheap money. This deal was done 5/31. Not sure if the rates expired. It was also available on Audis too.

 

aronaz, i think that you are missing the whole point. the $599/month that the previous board member refers to turns into about $799/month, with tax included for 4 years (on a low mileage lease) according to your numbers. my point is that you cannot lease a cayenne for $599/month unless you come to the table with significant cash, and are willing to go for 4 years. if you see his posting, you say to yourself, "oh boy, i can lease a cayenne for the same price as ____, because it is $599/month. do you see my point? the real price is at least $799/month. that is why i don't need the stimulants, because i can see the real numbers.

 

CORRECTION!!

That $733 lease I mentioned earlier was quoted with 7.6% sales tax included. The price is $681/mo + tax, 48 months, 12,000 miles, $0 down. That's pretty good.

Doc - true 4 years is a year longer than preferred. But $680/mo for a 6-year conventional loan only buys you a $41,000 car. So for the person trying to stretch to get that dream car with a Porsche badge, that money buys them a $60,000 car that's under warranty the duration of the deal.

 

aronaz, you are still missing my point. whether your deal is good or not, the point of rod's post is that you can lease a cayenne for $599/month, straight and simple. my point is, you can't.

 

Here's an ad running in tomorrow's paper from a local Porsche dealer, Rector (yes, it's very easy to make that name suit some of their sales staff...)

They don't mention the residual, plus you have to find $10K up front! Yikes!

I think a 10K/year average limit with a 30cent hit makes this a pretty expensive proposition.

I still think a lease would be a nice way to rest easy if the resale value on these things plummets.

I did a focus group on '04 and '05 model cars two weeks ago; one thing we discussed was having the car maker sell the car as a service, using a modified form of a lease.

It's already possible with some cars get all service included. Why not have a thing like service agreement where each month a document arrives in the mail (or visit a Web site) and fill out your mileage and report any needs ("I want a rear DVD" or "We're doing a trip next week, so I want a quick check up" etc.)

At any time you can look at your options: an amount to pay for another 30 days -- or 5000 miles or whatever -- of driving based on your previous usage, or an amount to pay to return the car at some date in the future or an amount to pay for any of numerous upgrades ("I'd like to have those 20" wheels for Summer" or "those 18" wheels for Winter") to be done say at the next 5000 mile check-up.

The idea being to get away from one big purchase every few years to a long-lasting service agreement where money flows monthly and the profit goes to the maker and the service provider (dealership) not to the commissions for sales, the taxes and the ultimate depreciation hit.

As we move to more energy-oriented personal transport, I'd expect to see an SUV about the size of the Cayenne -- maybe a tad smaller, like the X5 -- running on an energy source delivered to the home or office or shopping centre parking garage while you shop. Forget petrol stations -- what a bizarre waste of time and insane to be asked to hang around breathing petrol fumes!

Energy would be part of your monthly service showing up in your account. You'd then go shopping not by purchase price with options but with a monthly budget. "We're looking at an average of 12K miles in this car and we've budgeted on $500 month." You can still go back and change your mind (even to the point of colour!) for a price: "I wish we'd bought that navigation system" and hey presto, the navigation system is enabled in your car and there you have it, fully operational with no more than a visit to a Web site or a phone call from the car's phone (if you paid to activate it...) You might decide "we don't use the Nav" and the price to turn it off would include a penalty like disconnecting a cell phone service before the duration of the service agreement ends but you'd never have to pay the thousands of dollars to get Nav as an option on the price list.

All these monthly fees add up to a lot less than buying the car, paying sales tax, suffering depreciation and then doing it all over again in two years along with the loss of return on capital if you kept the money invested in your portfolio.

The cost of owning a car is not the purchase price alone, it's the taxes and the depreciation -- the car makers should cahnge their business model (at least for some types of cars, the more utilitarian cars) to take that profit. The consumer would win because the cost to own a $60K Cayenne becomes a monthly fee and that $60K stays in your portfolio contributing to your earnings from investments and building you net worth.

Anyway, I've rambled on long enough, here's that ad: (at <a href="http://www.sfgate.com)" target="_blank">www.sfgate.com)</a>
2004 CAYENNE S $499/mo. 60 Month Lease 10 At This Price #A60892 #A60880 #A608884 #A60068 A62684 A607725 A61096 RECTOR (650) 348-0111 CAYENNE LEASE: $9900 due at lease inception. No security deposit required, plus tax and license. Lessee responsible at lease end for mileage over 10,000 miles per year at 30c per mile. On credit approval with FICO Score 740+. Prices plus govt fees and taxes, dealer doc prep charge, and any emission testing charge. Expires 6/16/03.