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Land Rover LR4 Lease Questions

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  • Does someone have the July 2012 39 month residual/money factor for a 2012 LR4 HSE? I need to return the paperwork to the dealer this afternoon. I'm looking for the 39 month data - not the 36 month data.

    Thx!
  • scdrjscdrj Posts: 1
    Hi Car man,

    Could you kindly update numbers for 2012 LR4 HSE for 36 mo, 15k/yr? Many thanks.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    edited August 2012
    Walnutsnake, Chase's August buy rate lease money factor and residual value for a 39-month lease of a 2012 Land Rover LR4 HSE with 10,000 miles per year are .00121 and 51%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello scdrj. Chase's August buy rate lease money factor and residual value for a 36-month lease of a 2012 LR4 HSE with with 15,000 miles per year are .00114 and 52%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • m09m09 Posts: 1
    Did you pay any fees or was it total zero down, and how much would be the balance on the lease?
  • kulasokulaso Posts: 11
    Hey Carman - Is the October MF and Residual for the LR4 still 0.00114 and 52% for a 15K a year 36 Month Lease? What are the #s for a 12K / 36 Month? Thanks!
  • Hey kulaso. Chase's October buy rate lease money factor and residual value for a 36-month lease of a 2012 LR4 HSE with 15,000 miles per year are .00077 and 50%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 1% higher.

    Car_man
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  • saaber1saaber1 Posts: 31
    this was a pure sign & drive. no money out of pocket.
  • vascovasco Posts: 16
    edited October 2012
    HI need your opinion on this deal that I am getting, for the 2012 LR4 HSE with CC and 7 Seat package. Sign and Drive with no money down, only the tax,title ,reg, etc for about $1600 due at signing. Monthly payments include the tax, I am located in Orange County CA.

    Thanks for your input!

    Vehicle Price: $56,325.00
    Market Savings: - $3,675.00
    SmartChoice Price: $52,650.00

    Sales Tax (estimate): + $4,088.02
    Tire/Battery/MVWEA: + $8.75
    Tag/Registration Fees (estimate): + $413.00
    Other: + $29.00
    Flat Add/County Fee: + $10.00
    Electronic Filing: + $18.60
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Balance Due (estimate): $57,317.37
    No Trade-In
    LEASE OPTIONS
    Cash Due 42 months
    12,000 Miles
    $1,500 $794
    $2,500 $768
    $4,000 $729
  • vascovasco Posts: 16
    edited October 2012
    BUMP, I WANTED YOUR RESPONSE AND HELP, THANKS
  • Hi vasco. It looks like you're at a little over $1,000 over invoice on this truck. That's not bad. The payments that you listed look about right to me as well...though I would go with as close to zero down as possible on a lease.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • vascovasco Posts: 16
    Thanks for your response carman , do you know what the new lease numbers on LR4 are for November (12K and 36, 39 or 48 month terms) for me to compare and make a more educated decision?
  • vascovasco Posts: 16
    Here is another deal that I was offered for a USED (service loaner)
    2012 LR4 HSE
    7 Seat Package
    Cold Climate Package
    DIG & SAT radio.
    ~5700 miles
    MSRP $56,325
    INV $ $51,941
    Selling Price $48,000
    $2K driveoff
    48 months $688 includes tax

    I am not sure if $3k discount is enough for a service vechile that is at 5700 miles but if so the numbers are attractive enought for me to get it, what do you think CARMAN?

    Thanks for your input!
  • ffm1ffm1 Posts: 4
    Hi - can anyone please explain to me why different dealerships give us different residual values and money factors for exactly the same car (2012 Land Rover LR4 HSE) for someone with excellent credit? Today, I was quoted by two different dealerships just outside of Philadelphia, PA, the following numbers for 36 months lease and 10,000 miles per year?

    1) Residual value of 52% with a money factor of 0.0032.
    2) Residual value of 51% with a money factor of 0.00077.

    Which one is accurate? What is the current money factor and residual value for the vehicle described above, assuming excellent credit, 36 months lease, 10,000 miles per year?

    Thank you.
  • ffm1ffm1 Posts: 4
    Hi Saaber - would you mind sharing the contact information of the sales person that you worked with for your 2012 Land Rover LR4?
  • You're very welcome vasco. Chase's November buy rate lease money factor and residual value for a 36-month lease of a 2012 LR4 HSE with 12,000 miles per year are .00020 and 48% for consumers who qualify for its top credit tier.

    The 39 month numbers are .00034 and 46%.

    The 48 month numbers are .00064 and 38%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • lr3nylr3ny Posts: 2
    edited November 2012
    Always leverage these posts in thinking about new car so thought I would post my recent experience if if helps others out as well. Lease 2012 LR4 yesterday:

    Dealer: Prestige Paramus NJ
    Packages: HSE; Climate Comfort; Sirius; Black Metallic Paint
    MSRP: $56,700
    Invoice: $51,763
    Selling Price: $49,193
    Term: 36 Months
    Mileage: 10K / Yr
    Residual 49%
    MF: .0002
    Bank Fee: $795
    Doc Fee: $195

    Monthly payment worked out $608 / month W/$0 cap reduction. I put down additional $3,975 for cap cost reduction so actual monthly payment $499.

    From what I read there is a manufacturer incentive of $2,000 currently offered to dealers on '12 model LR4's. That coupled with dealers' desire to move out '12 inventory prompted dealer to get aggressive with pricing.

    Hope this helps.
  • I just received the following intial lease offer on a 2012 LR4 HSE LUX. Any thoughts? Is anyone getting more than the $2000 discount which it seems is the current manufacturer's incentive?

    MSRP = $66,756
    Less $2000 discount
    Less $4552.71 net trade allowance
    Price = $60203.29

    Option 1 - 12K miles
    Cash Down: $0.00 $1995 $2995 $3995
    36 mth @ .00120 $1080.68 $1021.14 $991.30 $961.46
    39 mth @ .00134 $1049.99 $994.67 $966.95 $939.23
    42 mth @ .00145 $1022.29 $970.60 $944.67 $918.77

    Option 2 - 10K miles
    Cash Down: $0.00 $1995 $2995 $3995
    36 mth @ .00120 $1062.97 $1003.45 $973.60 $943.76
    39 mth @ .00134 $1033.84 $978.53 $950.80 $923.08
    42 mth @ .00145 $1007.45 $955.76 $929.85 $903.94
  • Car Man,

    What are the December buy rate lease money factor and residual value for a 36, 39, 42 and 48-month lease of a 2012 LR4 HSE with 12,000 and 10,000 miles per year?

    Thanks!
  • Here you go dchamp72. Chase's December buy rate lease money factor and residual value for a 36-month lease of a 2012 Land Rover LR4 HSE with 12,000 miles per year are .00020 and 48% for consumers who qualify for its top credit tier.

    The 39-month numbers are .00034 and 46%.

    The 42-month numbers are .00045 and 43%.

    The 42-month numbers are .00064 and 38%.

    The residual values for leases with only 10,000 miles per year would be 1% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mrmark77mrmark77 Posts: 2
    Any one have the May 2013, lease money factor and residual value for a 36 and/or 39 months and what the mileage is?

    Thanks,

    Mark
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mark. Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2013 LR4 HSE with 15,000 miles per year are .00204 and 54% for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 39-month lease are .00205 and 51%.

    Car_man
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  • precabprecab Posts: 11
    Car_man

    Any updates on the lease rates for Late July 2013 on LR4 HSE LUX with 15k miles a year and top credit?

    Chase and US bank appear to be the most common options for my dealers involved on a lease.

    Thanks in advance
  • precabprecab Posts: 11
    For other retail researching customers after shopping for a few weeks in Texas, a 2013 LR4 HSE LUX with:

    Black design pack & 19" wheels $1500-$1600
    Sat radio
    Heavy Duty Pkg

    This so far has drive out price of $60,320 for reference. Invoice of $57,745 and MSRP 62,861. Dealers are certainly less inclined to work on a price than my previous Lexus buys.
  • Does anyone have any updates on the current residuals and money factors for an LR4 HSE w / 15000 miles p.a. on a 36 month lease. Dealer is telling me 53% and 0.00280, and that these are set by Land Rover and they will not move on them - does that sound right?

    I have never leased a car before.

    One more question MF x 2400 = interest rate - but is that's the total interest rate over the life of the lease right - not an APR?. Is this how the math on leasing works:

    price = 55,000, residual is 53%, therefore 55,000 x 47% = leasing costs = 25,850
    MF = 0.00280 x 2400 = 6.72% interest
    25,850 x 1.0672 = 27,587 total leasing cost w/ interest
    SO

    monthly lease price should be 27,587/36 = $766? Make sense?

    thanks in advance for your help
    cheers
  • kyfdxkyfdx Posts: 29,370
    It's almost impossible to change the MF to the equivalent APR, and then calculate the lease..... I'll just say that your calculations aren't really accurate..

    The calculation?

    (CAP cost minus Depreciation) / lease term = Monthly depreciation

    (CAP cost plus Depreciation) X money factor = monthly finance charge

    Monthly Finance Charge + Monthly Depreciation = Monthly payment (pretax)

    A few other things to keep in mind.... The residual percentage is figured on the MSRP, but the CAP cost is your selling price plus fees (minus downpayment, if any)

    You can see a How-to for calculating here:
    http://townhall-talk.edmunds.com/direct/view/.f253183/139#MSG139

    Good luck!

    MODERATOR
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  • Does anyone know the December Money factor and Residual % for the LR4 or Range Rover Sport?
    Thanks,
    Al
  • kyfdxkyfdx Posts: 29,370
    I'm sorry... but, we don't have Land Rover lease numbers...

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • llngoc2llngoc2 Posts: 15

    Does anyone have the leasing information on a LR4? MF, any incentives, etc?

    Thanks in advance for any help.

  • kyfdxkyfdx Posts: 29,370

    @llngoc2 said: Does anyone have the leasing information on a LR4? MF, any incentives, etc?

    Thanks in advance for any help.

    Land Rover has no subvented leases on the 2014 LR4 for March. All of the numbers are just listed as "standard". I think you can infer that to mean "expensive".

    They do have 2013 LR4 numbers, if you need them.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

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