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Land Rover Range Rover Lease Questions

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  • competiecompetie Posts: 3
    One other quote that I received was for the RR Sport w/Lux Pack is for $799/mo inclusive of taxes (MA 5%), 12k miles with $800 COD. If I want $0 out of pocket, then another option given to me is for $799/mo with 10k miles per year.

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Alex. Land Rover's current special buy rate lease money factor and residual value for a 36 month lease of a 2009 Range Rover Sport HSE with 15,000 miles per year are .00007 and 47%, respectively.

    The numbers for an otherwise identical lease of an '09 Range Rover Sport SC are .00058 and 49%.

    You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    Car_man
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  • wood930wood930 Posts: 4
    I'm number one on list for 2010 RR SC - I'm trying to decide between lease/buy. I'm assuming given the economy, prices won't increase dramatically (assuming $97,000). Any guess what 2010 factor and lease rates might be? Given new electronics leaning towards lease in case there are reliability issues
  • crobar1crobar1 Posts: 7
    I am in miami. Just got a quote rr sport with luxury. 3000 down 845 per month plus tax.

    Am I still in a position to deal? Would like payment at 800 inclusive and about 2k out of pocket.

    Thanks
  • bdemarbdemar Posts: 16
    All,

    I'm really interested in the lease 2010 RR,HSE I like the deals on the lease of the 2009 but It's missing some key things that I just can't live without coming from my bmw 525(such as push button start and keyless/buttonless entry, as why RR is the like the last luxury brand to adopt these technologies is another conversation). Does anybody know what the 2010 RR HSE leases might look like? The problem is that my BMW lease is over at the beginning July but the 2010 RR isn't coming til like sept or oct. So I have to fill in the gap for the summer, I really wanted to be in RR this summer but oh well. Any advice??

    Brent
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi wood930. To the best of my knowledge, Land Rover has not officially announced the details of its lease program on the 2010 Range Rover yet. At this point, yt is difficult to say what its program for this truck will be like when it hits dealers.

    Car_man
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  • pototimepototime Posts: 1
    Rover Guy,

    Just negotiated a lease price but havent signed for anything. 2009 RR Sport Lux Package. $850/mo sales tax included, 36mo, 12K miles, dealer will pay last 3 pmts on current lease ($670). $0 down, just taxes & bank fee. We are located in NJ. Thoughts??? any advise / feedback is appreciated!
  • sjl225sjl225 Posts: 18
    Car-man
    Can the $5000 dealer cash be applied to leases of 2009 Range Rover Sport's?
    According to Edmunds description of incentives, the dealer cash can now be applied to leases, as well as purchases- as of 6/02 thru 6/30...Is this in deed the case? In other words can the 5k dealer cash be used with Land Rovers captive financing (Chase) on leases?
    Thank you very much
    Steve
  • roverduderoverdude Posts: 12
    The $5000 dealer cash cannot be applied to the lease special through Chase. If you wanted to use a different leasing company, you get the $5000.
  • sjl225sjl225 Posts: 18
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sjl225. Unfortunately, the $5,000 dealer cash that is currently available on the 2009 Land Rover Range Rover Sport is not compatible with its special lease program.

    Car_man
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  • Just wondering whether you've heard anything the residual and money factor rates for leasing a 2010 Range Rover and the current rates/incentives on the 2009 Range Rover? Also, what is lowest that I can expect to negotiate for the dealer fee? Lastly, can you recommend a dealer in south Florida? You've posted a lot good and helpful info. in the past.

    Thanks!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi walnutsnake. I don't believe that Land Rover has published a lease program for any 2010 models yet, but I do have the 2009 program information for you. You never mentioned a number of key variables, including the trim level of the truck that you want, how long you want to lease it for, or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    If you were to lease a 2009 Land Rover Range Rover HSE through Chase right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value would be .00012 and 39%, respectively.

    I'm not sure what you mean when yo asked what the lowest "dealer fee" that you can expect to negotiate is. Are you talking about the doc fee? Dealer profit? I need you to be more specific. Unfortunately, I don't know much about specific LR dealers in Florida.

    Car_man
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  • epguruepguru Posts: 3
    Car Man,

    Can you give me info on the current applicable rebates for the 09 RR as it applies to a lease. You provided a MF and residual for the RR HSE, can you give me the numbers for a supercharged as well. Can you give me these numbers based on 3 yrs and 10K. Thanks. The MF you gave (.00012) is basically free $ and is pushing me this direction. How can I find out if there are any major changes for 10'? I realize that I am loosing residual on on 09' but at that MF and if I can work a deal with rebates I may be able to swing this
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, epguru. Land Rover runs its special lease program through Chase. Chase's current buy rate lease money factor and residual value for a 2009 Range Rover HSE with 10,000 miles per year are .00012 and 42%, respectively.

    The 2010 Range Rover is supposedly going to be significantly different than the 2009 model, with new more powerful engines, new headlights, a new grille, new LED taillights, new gauges, new steering wheel, and better nav.

    Car_man
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  • Car_man,

    I am looking to lease a '09 RR HSE. the price of the car will be in the hi $60k range when agreed upon. On a three year lease how does $1107 per month look with nothing down?

    I figured something closer to $1,000 per/month was more reasonable based on the cheap MF's mentioned here but interested in some of the lease deals you have seen/heard of this close to the roll out of 2010 model.

    Thanks.
  • I'm looking to lease or buy the 2010 Range Rover HSE.

    If I lease, I would do it for 3 years at 10,0000 miles/year. Can you tell me the buy rate money factor and residual?

    Also, can you tell me the lowest available bank acquisition fee, lease termination/disposition fee, dealer preparation fee for preparing the car, and the destination charge fee?

    Regarding purchasing the 2010 Range Rover HSE, is there a special financing program or can you tell me what financing is available?

    Additionally, are there any incentive programs on purchasing or leasing 2010 Range Rover HSE?

    Many thanks!!!!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi irishrover4. I personally find that the best way to evaluate leases is to look at the selling prices that they are based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a dealer discount you are being given. Let us know what this truck's selling price is and I'm sure that either myself or another knowledgeable community member will be happy to give you their opinion of this deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi walnutsnake. Land Rover's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Range Rover HSE with 10,000 miles per year are .00012 and 42%, respectively. I have not seen the lease program for the 2010 Range Rover yet. Is the '10 model that you are interested in actually at the dealership right now?

    Land Rover runs its leases through Chase, rather than its own captive finance company. I believe that Chase's current base acquisition fee is $595, but I will have to double check to make sure that is the case on LR models.

    Car_man
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  • The '10 Range Rover is on the lot at the 3 dealerships in south Florida. I test drove one this past weekend at the dealership in Pompano Beach, FL.

    Thanks for any info. you can provide!
  • jbratxjbratx Posts: 40
    How did it test drive?
  • I liked it. Thought it was smooth and the interior dashboard is pretty cool. I've never driven a Range Rover so I can't compare it to prior year models.
  • Can anybody tell me the best available residual and money factor rates for leasing a 2010 Range Rover assuming a 36 month lease at 10K miles/year? Information on the dealer fee, bank acquisition fee and any other fees would also be helpful. I'm also interested in the best available purchase financing. Listed below is what I've found from 2 dealers. Any help is greatly appreciated!! I'd love to get the car next week.

    Following are the rates I've received from 2 dealers on the 2010 Range Rover for a 36 month lease at 10K miles/year:
    - Money factor: .00294 and .00307
    - Residual: 44% (same at both dealers)
    - Dealer fee: $389 and $550
    - Document fee: $0 and $200
    - Bank Acquisition fee: $695 and $795

    Regarding purchase of the 2010 Range Rover, one dealer said the interest rate is a bit over 6% and the other told me the following:

    -2.9% for 36 months
    -3.9% for 48 months
    -4.9% for 60 months

    Thanks for any help! :)
  • roverlaroverla Posts: 1
    With dealers discounting $14 or 15k off the MSRP, at 5.7% interest or lower, I can buy for the same price I can lease a car with a sales price of around 63,5k.
    Three years from now, will it make any difference if I turn the car in?

    I drive about 15,000 miles a year, and the residual to lease is about 39 or 40%.
    Money factor 00333 or less. This is in Los Angeles

    THX
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi walnutsnake. Chase's (Land Rover runs all of its special lease offers through them now) current buy rate lease money factor and residual value for a 2010 Range Rover HSE with 10,000 miles per year are .00267 and 46%, respectively.

    Car_man
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  • I've contacted several dealers over the past week and .00267 is definitely the buy rate money factor. Regarding the residual on leasing a '10 Range Rover HSE for 3 years at 10K miles/year, I've been told by a couple dealers that it's 45%, and 44% if you HSE has the luxury package. Are you sure the residual is 46%? Can a dealer change the residual? Also, do you happen to know the amount of the base bank acquisition fee?

    Thanks for your help! Hoping to lease the car this weekend.
  • Car Man Can I herd you are the person to help!

    We are looking to purchase or lease a 10 HSE Rover here in New England. They are telling me that all they will give is $2K off of sticker? Is that normal? We have always purchased Escalades and they have always given us Invoice? So I am not sure how the Rovers work? I have seen the posts on the Residuals and Money factors for the '10's. But what about interest rates on the purchases? And what do you think is reasonable off MSRP. Our MSRP is about $84K since we added the Luxury package, Backup camera, and Sat radio. All standard on the Cadi> Please let me know what you think since we are trying to sign a deal next week.
    New England is tough for Rovers it appears!!
    Thanks to all!!
  • I've had a dealers offer me $4K and more but they didn't have the car I wanted and I don't want to wait and special order my car. I've also run into dealers that absolutely swear that $500 is the maximum discount they can offer. Also, the dealers in my area are offering free scheduled maintenance and other free services to attract one's business. What's the dealer fee and bank acquisition fee in your area?
  • I leased a Range Rover HSE luxury and the residual was 44% and the money factor was .00232 (unless I miscalculated). Got $2K off MSRP. Dealer fee was about $600 and bank lease acquisition fee was $795.
  • I'll try, shell4384. If I was in the market for a 2010 Range Rover HSE right now, I personally would want more than $2,000 off of sticker on one. This truck usually has a spread of around $7,500 between its full MSRP and its dealer invoice price. I personally would shoot for at least five grand off, but that might be a little aggressive. Having said that, I am not intimately familiar with what the market is like for this truck in your area right now.

    Land Rover is running a special program on purchases of this truck. If you want, you can finance the Range Rover that you're interested in at 2.9% for up to 3 years, 3.9% for 4 years, or 4.9% for 5 years.

    Car_man
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