Both featured a 4.5L V8 engine with a Tiptronic 6-speed automatic transmission. Each cylinder was powered by four valves driven by twin overhead camshafts. The Turbo version became quickly known as the most powerful and well-designed SUV on the planet. The Mercedes-Benz ML55 AMG was the only competition that existed to challenge it.

The Cayenne was also the only SUV available with full-time 4WD and a unique low-range gear mode for offroad slow exploration. Advanced suspension systems and traction control features moved the Cayenne further still ahead of their competition. The 2004 models showed no significant changes from the 2003 models. However, in 2005, a 3.2L V6 model emerged. It offered fewer luxury features; a reduced curb weight and significantly lower price tag when compared to the Cayenne S and the Cayenne Turbo. The V6 Cayenne had a base price of $42,900 while the Cayenne S costed $55,900 and the Turbo model weighed in at a hefty $88,900.

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