Orionsmom

Just thought as part of my due diligence, I'd ask you uber smart Porsche folks - Am I getting a good deal on this cayenne?

its going to be a lease on a 2014, 42 months, 10K miles/yr
$64,515 MSRP (Basic pkg, 20" wheels, Bose)
Rate is .00152 (usbank, not PFS), 54% residual
pyt is $821/mo

Thoughts?

Thanks!

spooltime

Don't know about the financial side of it, but I can't even remember the last time I drove 10K or fewer miles in a year. Just make your your driving habits correspond with the limits on mileage.

Orionsmom

Its actually a second vehicle, so 10K will be good for me

CaptJim

do you love the car or not, that's your decision...

westy66

These numbers dont tell us much without trim level details... but in my worthless opinion, an $800+ payment for a V6 Cayenne is lunacy. There are better choices out there.

Dilberto

Agreed....paying $800+/mo rental fee for a truck that behaves like one, is simply NOT GOOD BANG for your dollar.

Deezenuts

I leased a lexus suv when they first came out

Ended up over on the mileage because i liked to drive it which = $$$$
They will tell you normal wear and tear is ok until you bring it back and they go through it with a microscope which = $$$$
Had to carry max insurance coverage which = $$$$

My vote is no

Chris51080

For that kind of payment, you could BUY a nice 2008-2010 model. With a V8, possibly even a turbo.

I don't think that 800/mo is a good deal at all.

Dan87951

That's what I was thinking.. good lord!

Shawn Stanford

Jeebus, yeah: It's a buyer's market in used Cayennes and used car loans. Go buy one.

dryadsdad

Is that inclusive? That is, does that include your insurance? Age, location and driving record may pump the insurance sky high which is why I ask. You're so coy as not to reveal your location so there is no hint as to if you are in a high risk area like, hmmm, Southgate area of L.A.

That amount isn't far off. If you were to finance the roughly $32,000 for 42 months, it'd be about $820 / month at 5% rate.

seafeye

This is the current rates for chase finance in my area.
I also like the idea of an older car but a V8 or Turbo.

HOiYA

Are you sure, that is kind of high. Bank of America is showing the following for NC:

Dealer New 2.34% (up to 60 months) 2.44% (61-72 months)
Dealer Used 2.39% (up to 60 months) 2.49% (61-72 months)
Private Party 2.59% (up to 60 months) 2.74% (61-72 months)
Refinance 2.39% (up to 60 months) 2.59% (61-72 months)
Lease Buyout 3.09% (up to 60 months) 3.24% (61-72 months)

Dennis C

Having just been in the new SUV market, we decided to go another direction. I considered a new Cayenne Diesel as well as a new Cayenne S. I ended up buying a brand new 2014 Audi SQ5 with a sticker of $61,420. It is essentially loaded - although there were a few things on the options list that I didn't check because I didn't think they were worth the money. In any case, my payment to buy this vehicle is right in the same range as you're talking about for a lease on a vehicle with much less equipment.

If you don't need the size of the Cayenne over the Q5, then you might consider it. The Macan is going to be available soon too, and that might be an option.

Chris51080

Rates from PenFed on a used car are .99% -1.99% depending on term.