Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Land Rover Range Rover Lease Questions

1246713

Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings dave2007. Land Rover's current buy rate lease money factor and residual value for a 2007 Range Rover HSE with 15,000 miles per year are .00006 and 58%, respectively. The numbers for an otherwise identical 36 month lease are .00111 and 47%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jpt5jpt5 Posts: 1
    Car Man,
    I just received a quote for a range rover sport supercharged. The dealer says the terms are as follows and I just wanted to double check them with somebody. The car has every option except for the rear entertainment package.

    $65,502 Gross Cap Cost
    52% Residual
    .0024 Money factor
    36 month term with 15k miles
    Includes car mats
    $1051.48 monthly plus tax of $89.88
    $1671.10 drive off (first month and whatever other garbage they put in)


    What do you think?
  • canowpscanowps Posts: 12
    Hi Car_Man,

    Do these numbers still apply for August. I can't believe the money factor is that low and the residual is that high for a 2007 Range Rover. I was ready to start making a deal on a 2008 GL450 but my heart has always been with Range Rovers.
  • british_roverbritish_rover Posts: 8,476
    That special lease on the Range Rover should last till at least the end of the month.
  • There was a $5,000 manufacturer to dealer incentive on the RR HSE in July (not sure if it is still available) and I went ahead and bought my 07 RR HSE. Paid $69,250 plus tax and tags. I did not lease after all. So far we are very happy with the vehicle.
  • canowpscanowps Posts: 12
    thank you!
  • big_al1big_al1 Posts: 2
    Car Man - I am leasing a '07 RR HSE. I've negotiated a good sale price, and that includes taking advantage of the $5,000 marketing dollars from LR in the price. I'm told that the "low" lease rates you shared above are not available if I use the $5k off the price. Do you know what Lard Rover's standard rates are for 15K miles per year, 36 month lease that I may use with the price reduction?
  • british_roverbritish_rover Posts: 8,476
    You are better off taking the special lease rates over the 5,000 dollars.
  • Does anybody have a coupon code for the 2k off for leasing the Range Rover HSE? I desperatly need it.

    Thanks
    liquidtrader

    YOu can email me: feoderbull@yahoo.com
  • I have one coupon available. Send offers to peteropny@aol.com.
  • tserentseren Posts: 1
    A dealer went 10K under MSRP for th purchase of a RR HSE. Should I be able to get the lease rates quoted for a price of 5K under MSRP (remove dealer incentive) or will they make me pay list price for the lease special.
  • Hi jpt5. The dealer that you are working with must be running your lease through a bank other than Land Rover Capital Group. The money factor and residual value that you mentioned are different than its current program. I would be happy to give you my opinion of the selling price that you were quoted, but it would be easier for me to do so if I had this truck's full MSRP first. Let me know what this number is and I'll tell you what I think. Make sure to stop by the "Land Rover Range Rover/Sport: Prices Paid & Buying Experience" discussion to see how much other community members have paid for similar trucks lately.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Congratulations on getting your new Range Rover, dave2007. Thanks for letting us know how everything turned out. Make sure to stop by the new Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others. Enjoy your sweet new truck :shades: .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • What you were told is correct, big_al1. The $5,000 dealer cash that you mentioned is not compatible with Land Rover's special lease program. I am not sure exactly what Land Rover Capital Group's buy rate standard lease money factor is, but I suspect that the '07 Range Rover HSE's money factor would jump from .00111 on a supported lease to over .00360 on a standard lease. If you want to take advantage of the dealer cash, you may be better off leasing through an independent bank than using Land Rover's standard program. Having said all of this, Land Rover's special lease program will probably provide you with a lower monthly payment than an unsupported lease using the dealer cash would.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Greetings tseren. If you were quoted a selling price of $10,000 under MSRP including the $5,000 dealer cash incentive, I don't see any reason why you wouldn't be able to get $5,000 under MSRP and the special lease program. The selling prices of leased vehicles are negotiable, so you definitely should not pay full MSRP for any Range Rover that you want to lease using the special program.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I have one that i received 7 days after the purchase of my 07 RRS. E-mail me wih offers. I will fax or e-mail a copy of the coupon before payment.
    allan@av-intel.com
  • I was just offered a 6 month early out on my current 2006 RR HSE lease. I am already over my mileage allowance so I am thinking of taking it and moving up to the Supercharged. What are the current deals on it now so that I know my negotiation ability. Thanks so much in advance. Also, I have the wear care deal (a must in NYC- I easily have $2500 in dents, scratches including a beautiful key job, and most recently broken rear light covers.. ah, the joys of living in the city...) It will still be applicable if I take the early out, right?
  • kerbkerb Posts: 96
    Carman, would be so kind as to provide me with the residual and MF on the above referenced vehicle for 24, 30 and 36 months. Additionally, are you able to confirm that the acquisition fee is $595 and if there is an additional $700 in advertising fees, etc. on each vehicle. Furthermore, are there any incentives in terms of certificates from Land Rover (similar to the $1500 certificates for the '07) models or marketing support. Finally, when do these residual and MF figures change?

    Many Thanks,

    Steve
  • As a loyal RR buyer ready for my 5th truck I am trying to get a fair deal on my next lease. Unfortunately my experiences have been less then customer oriented with two deals ready to go then off the table and/or the truck that was ready for me is now gone. Regardless I just want to find a fair deal and am lost as to how to do that with RR dealers as they are all over the place with pricing. One says I cant touch a 36 mos 15k mile lease on a $93 msrp Rover with $2500 down for under $2000/month then another says $1389 yet neither have returned my call to even see if I want to do it. I guess none of the Dealers read the press about Rovers and that they are not exactly the best vehicles out there...regardless I am a tall guy and I fit well in the truck so I want to stick with one. How do I find a good deal and what is a good deal on this truck?
  • Hi rdnyc1. You may be able to get an idea of what sort of selling prices others are paying for Range Rovers right now by visiting the following discussion: "Land Rover Range Rover/Sport Prices Paid and Buying Experience". As far as this truck's lease program goes, its money factor will vary depending upon how long you lease it for. Land Rover Capital Group's current 36 month buy rate for an '08 Range Rover SuperCharged is currently .00228. I would be happy to use this truck's current lease program to estimate what your monthly payment would be on this truck right now if you provide me with an approximate MSRP and selling price for the exact model that you want.

    I suspect that the Wear Care coverage that you paid for would still cover the damage to the truck that you are currently leasing, even if you opt out of your deal early, but you should check with a dealer to make certain that it will.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to help you out, kerb. According to the latest information that I have seen, Land Rover Capital Group's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Land Rover Range Rover Sport HSE with 15,000 miles per year are .00247 and 67%, respectively. The numbers for an otherwise identical 30 month lease are .00261 and 63%. The numbers for an otherwise identical 36 month lease are .00291 and 53%. If you want to lease with only 12,000 miles per year, add 2% to these vehicles' residual values. I believe that this lease program is scheduled to run through the end of the year.

    Land Rover Capital Group charges a $595 acquisition fee on every vehicle that it leases. I'm not sure what sort of advertising fees Land Rover charges, but I try not to let dealers cloud the big picture with fees anyhow. You are better off getting quotes from a couple of dealers and comparing the out-the-door selling price of the Range Rover Sport that you want.

    Land Rover is not currently providing any cash incentives on this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi potter7. You may be able to get an idea of what sort of discount you should be able to negotiate on the Range Rover that you are interested in by visiting the following discussion: "Land Rover Range Rover/Sport Prices Paid and Buying Experience". Once you have a feel for what sort of discount you will be able to negotiate, let me know what the MSRP and approximate selling price of the exact Range Rover that you want are (you can look up the MSRP in the New Vehicle Pricing section of this site) let me know ant I will use Land Rover's current lease program to estimate what sort of monthly payment you can expect.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I posted this on the sport thread but this one has more recent posts so here we go...

    We got a letter from the dealer about waiving 6 months of lease payments for leasing a new vehicle. So we are looking at getting an '08 HSE with the lux package and maybe the locker. MSRP should be around $82,950. Probably going with a 30 or 36 month lease, 15k miles per year. What kind of numbers should we expect? What kind of numbers are fair? We have a 720-740ish fico score. Is there any chance to get them to budge on sticker price? This is actually our 5th vehicle from them but they haven't budged a whole lot on any of the others which seems crazy to me. 84040(UT)

    Thanks
    Ryan
  • Just got a quote from the local dealer today...

    2008 RR HSE w/ lux pkg. $82,450 MSRP, 30 month 15k per year. $1632/mo, $2000 down(first month+ doc fee or whatever.)

    Any thoughts?
  • kerbkerb Posts: 96
    Many thanks Car man. Would you happen to know the residual percentage for 10K or 10.5K miles?
  • Hi all,

    I am new to this board and am interested in leasing a 2007 RR HSE early next year. I have been doing a bit of research regarding how lease rates are computed and am quite a bit more informed. I have begun contacting dealers for information on leasing 2007 RR HSE, thus far the response I have gotten from two of the four is that there are no more 2007's in stock at their shops. I am not sure if this is true or not but since I have not visited the showrooms personally, I will take their word for it for now.

    I live in Northern NJ and work in Manhattan so I have contacted the Manhattan Auto Group, Paramus, Woodbridge and Parsippany dealers. The Manhattan dealer told me that his shop is a factory dealer vs the others which are independent - he was unable to adequately make the distinction other than to say that the others are all about making money (duh aren't they all?) Anyway, does anyone know what the difference is if any.

    The Paramus and Manhattan dealers gave me information regarding the 2008 model as follows:
    MSRP = 77,175
    Residual = 53%
    Money Factor = .00205

    Does anyone know if this is accurate? I would prefer a 2007 model if I can find one (presumably the MSRP will be lower and therefore I can negotiate a lower cap cost and overall lower monthly payment) but the money factor on this one seems reasonable if I can negotiate a decent cap cost. Any thoughts?
  • Things changed a bit and we are looking at getting a fullsize 2008 Range Rover Supercharged in the next day or two. MSRP 93,600. We get x-plan pricing which lowers it to 89,969. However we were quoted $1599+tax for 36 month/15k miles a year lease. My numbers show that to be around .00292 money factor which seems quite a bit higher than what it should be in my opinion. Does anyone have the current money factor and residual rates? By the way the residual they used was 51%.
  • Hello all, and Carman. I am a few days from leasing a Range Rover Sport. HSE. Standard Interior. Contemplating the Arctic frost with Alpaca Interior or the White with Ebony Interior.

    I plan on towing a 21 feet Regal open bow boat 4x a year with it. and a flat bed car trailer with a 65 Shelby Cobra 4x a year. Will the RRS HSE do well with this towing?

    I got a lease offer as follow:

    30 mths, 15,000 miles a year. On the RRS HSE non luxury interior

    $1391 drive off and a monthly payment of $899 including tax here in california (7.75%)
    $3,000 drive off and a monthly payment of $840 including tax here in california
    $5,000 drive off and a monthly payment of $768 including tax.

    Are these good offers? Can I do better? :shades:
  • I am in AZ and also looking for the 08 RRS. The quotes I received last wk were much higher. Would you mind sharing the dealership name and city as it is worth going to CA to get the car based on the quotes you provided. Did you end up leasing your car? Also, if you know what the money factor and residual are could you also share this info. Thanks

    30 months
    $1,137.33 with 12k miles per year
    $1,179.21 with 15k miles per year
    $3,600 drive off

    36 months
    $1,202.36 with 12k miles per year
    $1,235.94 with 15k miles per year
    $3,600 drive off
  • I don't think we are allowed to post name and number of dealership and salesmen here.
    I will be happy to share it with you though.

    The original deal above was with Newport Beach Landrover. They are not staright shooters. I will NEVER do business with them again. And will NOT recommend them to anyone. When it came time to sign paper they started playing games, increased payment by nearly $300 per month) so I left promptly and went to the next dealership.

    The dealership I ended up buying from is Landrover and Jaguar of Anaheim Hills. Anaheim Hills, California. They were GREAT! Salesman is awesome. I highly recommend. Entire deal was done on the phone. I was in and out in less than an hour. He even threw in the tow package (Hitch and installed wiring loom) for free.

    I did a 30 month lease, and it is 15k miles per year. Would have ben $925 or so per year with the minimal drive off. Keep in mind that the 925 includes like $60 for california tax.

    With my drive off being similar to yours ($1k more than yours), my payment is $771.16 california tax is another $60.

    The package of the car makes a huge difference. Mine is HSE (non supercharged) and is not the luxury interior.

    email me if you want the sales man's name & #. this is end of month and end of year. so they are making deals. Strike while they are trying to hit their target.
This discussion has been closed.