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Land Rover Range Rover Lease Questions

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  • thanks so much for the information - can you email me the sales mans name & # at vmsaz@yahoo.com.
  • jbratxjbratx Posts: 40
    What's the difference between going through the dealership and car leasing companies? They say they offer better deals. Does anyone have any experience leasing there Range Rover through one of these companies?

    i.e ( http://www.phillipsautoleasing.com/ )
  • You're very welcome, kerb. Land Rover Capital's residual values for leases with 10,500 miles per year are 3% higher than its 15,000 mile per year residuals.

    Car_man
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  • Welcome shamsiddin. What you heard is correct. I don't believe that there are many 2007 Range Rovers left out there at this point. If you want to lease this truck, you are probably going to have to go with a 2008 model. Through January 7th, Land Rover Capital's buy rate lease money factor and residual value for a 36 month lease of a 2008 Range Rover HSE with 15,000 miles per year are .00192 and 50%, respectively. Its 12,000 mile per year residual value is 2% higher and its 10,500 mile per year residual value is 3% higher than this.

    Car_man
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  • Hi moabxj. Through January 7th, Land Rover Capital's buy rate lease money factor and residual value for a 36 month lease of a 2008 Range Rover Supercharged with 15,000 miles per year are .00228 and 51%, respectively.

    Car_man
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  • Hello bigbearrrs. According to the information that I have been able to find, the 2008 Land Rover Range Rover Sport has a towing capacity of 7,716 pounds. I do not have any real world experience towing things with one though. You might be able to find a community member or two who does by visiting the "Land Rover Range Rover Sport" discussion.

    As far as the lease that you mentioned goes, you never mentioned the exact selling price or MSRP that it is based upon. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.

    Car_man
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  • Hey newcaraz. Through January 7th, Land Rover Capital's buy rate lease money factor and residual value for a 36 month lease of a Land Rover Range Rover Sport HSE with 15,000 miles per year are .00291 and 53%, respectively. The residual value for a lease with only 12,000 miles per year is 2% higher.

    Car_man
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  • Thanks Car_man,
    MSRP was $59,000
    I paid $55,429

    The deal I got is in my second posting attributed to Anheim Hills Landrover (No tmy first offer from the deceitfull folks at Newport Beach)
  • kpeterskpeters Posts: 11
    Hi everyone, I am considering a lease on a 2008 RR sport. I have never done a lease before. the car cost is 60k, with 15k miles/year with 0 down. What would a good lease payment be per month? $850?

    any help much appreciated thanks
  • Would have been $865 for me on the best deal I got (not including California Tax).

    Please note that $0 down on lease really means $0 capital reduction but you may still have a minimal drive off that will include first month lease and taxes, registrations, and other fees applicable.
  • Hello everyone, I currently am leasing a lexus IS 250 and my lease is up in 2011. I really want to lease a range rover sport but I'm waiting until my current lease is up I just wanted to know if someone can break down the amount of money I would have to pay in order to get a good down payment. Before I drove the lexus I had a BMW X5 and I want another truck. My friend told me I could put down $6,000 and have tier 0 credit right, and get it for like 6 something a month in NJ Paramus. Right now I have 685, 675, 670, but in March 07 I had 719 by 2011 all credit cards will be paid off, and my credit score should increase rapidly. I currently pay 777 but I want to know what should I do and what is all the residual rate cap and all that .00259 stuff people are talking about just so I can get an idea.
  • PS I'm in New Jersey
  • de6624de6624 Posts: 6
    ok I live in ny an have an 03 rr so i will be trading in soon,,,,,,,my current information is with a 700 score and 6k down it will be bout 850 - 900 ,,,,,no higher than 960, but this all depends all on your lease rates. Varies by state,,,,,,NJ i say your rate will be 870 per month ,,,,,and thats good,,,,,i no people paying 990 or so, u will be fine though.
  • jbratxjbratx Posts: 40
    Did your deal go through for your Range Rover Supercharge?
  • jbratxjbratx Posts: 40
    Car_man,
    Have the lease rates for the 2008 Range Rover HSE stated before changed or are they still the same?

    - Thank You
  • No problem, bigbearrrs. The Land Rover Range Rover Sport that you leased probably had a spread of around $5,200 or so between its full MSRP and its dealer invoice price. The $3,561 discount that you were given on this truck isn't bad. It's probably around $1,600 or so over invoice on a truck that is selling reasonably well. As long as the dealer that you got your truck from used its buy rate lease money factor to calculate your monthly payment I'd say that you got a pretty good deal. Enjoy your new ride :shades: .

    Car_man
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  • Greetings kpeters. Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on it and then have the dealer calculate your monthly payment using its buy rate lease money factor. Is the $60,000 price that you mentioned in your post this truck's MSRP or its selling price? If you provide me with both numbers, I would be happy to give you my opinion of this deal and to calculate a sample lease payment for you.

    Car_man
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  • Hi rangerovers. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.

    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.

    If you absolutely have to get out of your current lease now to get something new, you definitely do not want to make such a $6,000 down payment on your new lease. I always advise consumers against making big down payments on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be much better off going with a zero down lease, even though it means that your monthly payment will be higher.

    Car_man
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  • Hi jbratx. Land Rover published a new lease program for the first quarter of 2008 a couple of weeks ago. Land Rover Capital's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Range Rover HSE with 15,000 miles per year are .00175 and 49%, respectively. Its 12,000 mile per year residual value is 2% higher and its 10,500 mile per year residual value is 3% higher than this.

    Car_man
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  • trovertrover Posts: 5
    i have a coupon good for 2000.00 on a lease of a HSE please call me if you are buying prior to 3/31/08 tania@taniany.com
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