Porsche leasing not leasing the Cayenne EV

[dba]

Hi All,

“Interesting” experience with Porsche leasing …

I tried to get an operating lease on the new Cayenne Turbo Electric in North Macedonia, but Porsche Leasing wouldn’t offer one, citing EV depreciation uncertainty. They’d only do financing, where you own the car at the end.

Asked for 36 months or 60 months term, but none was ok acceptable.

So seems, i should have trust in the value of the car more than Porsche themselves.

Is this normal?

 

[Fun TC Driving]

Perhaps your request is still too early” for Porsche to yet offer the leasing option (they have yet to figure out the amounts/program lengths, montlhy lease rates, and similar). The percentage of those who leased both Taycan and Macan EV‘s has been significant so I doubt that Porsche would be able to “sell”enough Cayenne EV’s without a leasing option.

 

[Billbuck]

In France, it's a bit different: Porsche Finance does offer a lease (LOA) for the Cayenne Turbo Electric... but with terms so discouraging that you'd think they'd rather you decline.

Here's what I was offered on a vehicle priced at ~€180,000:

• Actual interest rate close to 9% (before any "manufacturer bonus")
• Residual Value set at only 36% after 48 months

Needless to say, the monthly payments are astronomical. And that 36% RV speaks volumes: Porsche is pricing in a massive depreciation over 4 years. Not exactly reassuring for those buying outright or with a traditional loan...

 

[Fun TC Driving]

Do we yet know of any Porsche contribution, e.g, “manufacturer bonus” or are we still waiting for one to be announced?

 

[Jkramer0327]

I’m hoping that the lease payment on the configurator is in the ballpark. The finance guy even commented that most people lease the EV’s and was well aware that’s the route I’ll be taking. They did not know, at the time of my order, what the actual terms would be. Unfortunately I really like the car but definitely have a number that I’m not willing to cross. Guess I’ll find out closer to July!

 

[Billbuck]

To bring some objectivity to the discussion, I ran the same simulations on a 911 (petrol) with identical parameters (down payment, mileage, duration).

Here are the residual values:

911 petrol:

• 36 months: 51%
• 48 months: 42%
• 60 months: 33%

Cayenne electric:

• 36 months: 47%
• 48 months: 36%
• 60 months: 22%

It’s clear that Porsche applies more conservative residual values to the electric model, especially over 60 months.

Regarding financing, the effective rate is roughly:

• 6–7% for the 911
• 7–8% for the electric model

The rate difference is not dramatic, but the residual value gap significantly changes the overall structure of the contract.

On the petrol model, Porsche appears more confident about long-term value.
On the electric model, the approach is noticeably more cautious.

This is neither shocking nor abnormal given the current EV market, which remains more uncertain in the long term.
However, the numbers clearly show that more of the depreciation risk is effectively borne by the customer on the electric version, particularly over 60 months.

From there, it’s up to each buyer to decide based on their own view of future depreciation over the next 3 to 5 years.