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From the start, it's not a really great idea to mod a leased car. Basically, you're sticking your money into someone else's car. And, they have ways of finding out. If for instance you raise yur insurance coverage to cover the mods, they have the right to access the policy, then the dealer service notes may mention this as well.
Now, if you intend to buy the car at the end of the lease - just leasing to keep dwn pymnt. and monthly bill lower, that's a little different. If this is your strategy, get the buyout price in the lease itselfm, so you know ahead of time what it's gonna cost you in x months.
If you're still determined to proceed, there are mods, and there are mods. In the case of the wheels, it would be better to purchase a 2nd. set of wheels and powdercoat them (though powdercoating isn't recommended by any major wheel manufacturer because the heat of the oven can remove the temper of the wheels, weakening them). This way, you can pickup a used set of wheels for less money, store the OEM wheels (and lease the car with the cheaper non-optional, or standard, wheels to begin with, further lowering your pymnts.), and put the used wheels on. When the lease is up, replace the OEM wheels and either keep, or sell your modded ones.
Same with the exhaust, these can usually be switched and returned to stock condition in the future. Adding new cams or pistons are not as easily returned to stock condition. The same goes for many body kits which may require that you drill some body panels, and even if not, can cause damage by rubbing or just uneven fading of the paint, which you would have to pay for once the lease is up.
One final thing to think about. You could look for a late model used car which would cost you less. It could be CPO'd, giving you the warranty you're looking for, often for less or the same money as a lease, except you will own the car. A depreciating asset, but one which will retain some of it's original value (maybe 25-50%) when you decide to sell it or get another car.
Remember, Porsches are expensive cars to own, the maintenance and the parts ain't cheap, in fact, they're d*mned expensive compared to most cars out there (even other sports cars). If you can't afford to buy it, you probably cannot really afford to lease it either. Trying to own a Porsche on a shoe-string budget can diminish the Porsche experience considerably. But, whatever you decide in the end, good luck with it.
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