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Land Rover Range Rover Sport Lease Questions

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  • Hi herimorales. Land Rover is not currently providing any lease support on the 2009 Range Rover. As a result, its lease program for that truck is terrible.

    On the other hand, its program on the Range Rover Sport is actually not too bad. Its current buy rate lease money factor and residual value for a 24 month lease of an '09 Range Rover Sport HSE with 15,000 miles per year are .00018 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00027 and 48%.

    The last time I checked, Land Rover's base acquisition fee was $595. I have not looked recently so I'm not sure if the dealer is trying to mark your fee up or if it has increased. I suspect that it is the former, but I am not 100% certain.

    Car_man
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  • Hi roverlooker1. Land Rover is providing lease support on the Range Rover Sport SuperCharged as well, but its parameters are different. Its current buy rate lease money factor and residual value for a 24 month lease of a 2009 Range Rover Sport SC with 15,000 miles per year are .00023 and 60%, respectively. The numbers for an otherwise identical 36 month lease are .00077 and 50%.

    Car_man
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  • Hi - The dealer is in Long Island - Land Rover of Glen Cove. Hope this helps.
  • Hi, Car_man,

    I see from the Range Rover Sport Incentives & Rebates page that Rover is running a lease special on the Sport HSE for $799/mo. I also see that there is a $3000 Manufacturer to Deal incentive, which specifically notes that it cannot be combined with special purchase financing rates through Chase, but it doesn't say anything about the Lease Special. Is this something I can try to talk my dealer into passing along to me as part of my lease negotiations, or do they not get it because I'm doing the Lease Special?

    I ask because my salesman immediately volunteered to pay the last month of my current lease ($672) and I'm trying to figure out where that money is coming from since their sale price in the lease special is only about $1300 over invoice. I can't imagine they're willing to only make ~$630 on the truck without any haggling.

    Thoughts?

    -Undertak
  • clm4clm4 Posts: 3
    This deal is for a 2008 Range Rover HSE with Luxury Interior Package. I believe the bank offering this leasing is Chase. It looks like almost everyone in these posts got a much better deal than this with a shorter term, too. I don't get it. I am in NJ. I really only want a 36 month lease. The mileage allowance is 12,000.

    M.S.R.P. $82,950.00

    SELLING PRICE $55,950.00

    BANK FEE $795
    RESIDUAL % 23
    MILEAGE DEDUCTION 0
    RESIDUAL AMOUNT $19,078.50
    MONEY FACTOR 0.0039
    MONEY DOWN $795
    TERM 48

    TAX RATE 7

    PAYMENT W/ TAX $1,148.92

    INCEPTION FEES $1,999.57
    TAG FEE $399.50
    SUPPL. TAX .4% $223.80
    + SEC. DEPOSIT (+$25) $-
    TOTAL FEES $2,622.87
  • Hey Undertak. Unfortunately, the $3,000 dealer cash is not compatible with the special Chase lease program either. Times are the toughest that they have ever been in either of our lifetimes for dealers right now. I'm not all that surprised that the dealer was willing to sell you anything for $630 over invoice.

    Car_man
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  • Hi clm4. This truck's residual value is a shockingly low 23%. Even though you are getting a tremendous discount on it, there's no way that I would lease it if I was in the market for one. You would be much better off taking advantage of Land Rover's special financing offer and financing it at 0% for 5 years.

    Car_man
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  • clm4clm4 Posts: 3
    Hi Car Man. Thanks for your reply. I knew something was really not right here. Especially since I can get in an 09 loaded Audi Q7 for $400 less for 3 years with 12K miles. I do much prefer the RR, though. Is there any advice you would be able to give me to take back to the salesman to let him know that I know he has some room to negotiate here? I would think he would be anxious to move an 08 off the lot. I also can't believe the interest rate he gave me! I want to be in a new car for between 8 and 850 a month. I have an excellent credit rating. I really don't want to buy though-- or should I say my accountant doesn't recommend it.

    These are the terms for for a 60 month purchase. Notice he is not offering a 0% rate, and he raised the price of the vehicle by $10K.
    SELLING PRICE $65,950.00
    TRADE $-
    TOTAL $65,950.00
    + SALES TAX $4,616.50
    + TAG,REG, TITLE FEES $250.00
    + PAY-OFF AMOUNT $-
    = GRAND TOTAL $70,816.50
    - MONEY DOWN
    SUPPL. TAX .4%
    = AMOUNT FINANCE $70,816.50
    TAX RATE 7.00
    MONTHS FINANCE 60
    INTEREST RATE 3.00%

    MONTHLY PAYMENT $1,272.48
  • Land Rover in Alexandria, Va is offering the following deal: 36 months, 10k miles, $1295 due at signing, $789 monthly payment. Comes with cold climate package and sat radio. This seems like one of the best deals I've seen. Am I correct?
  • sgillmoresgillmore Posts: 10
    Hello,

    Here is a lease quote I received yesterday on a range rover sport with luxury package. How does it compare:

    $752, 3k down, 12k miles, 36 months, first payment due at signing.

    Thanks,

    - Simon
  • alexkoperalexkoper Posts: 18
    Does anyone know the current residuals and buy-rate MFs for RRS HSE and Supercharged w/15k mi/yr? Is there still a 24 month lease special on these? Also, has anyone had any luck in negotiating the vehicle price at or below invoice either with or without the lease? I'm considering a RRS HSE or SC, or even perhaps purchasing outright '08 RR HSE if the price is right. I would love to hear your experience(s). I'm in So Cal and would love your help.
    Thanks,
    Alex
  • alexkoperalexkoper Posts: 18
    Simon,
    I wouldn't put $3k down on your RR lease - if you make a cap-cost reduction you lose your GAP insurance on a lease. So just pay fees and DMV and 1st month payment. What is the negotiated price of the vehicle (cap-cost)? Does the $752 include tax? It seems to me that given the incentives, inventory, and current economy, your cap cost should be around invoice price (approximately 56k on an msrp of 62k); with cap cost at 57k, resid at 60% and mf at .00018, your payment would be less than $600 without tax. go back to your dealer and ask for the specific #s before you sign.
  • I leased a RR Sport. 62,700 MSRP Car.

    50% Residual, .00027 Money Factor (low)

    $899 Cap Cost Reduction, $679 Per month.

    This not not count MA state tax which is 5% and start up costs which was first months, aquisition fee, dcoumentation fee, title, registration, etc, but these were the raw numbers. I think it is pretty good for a 62K car because they had to bring the cost down to about 55K to make it happen. I want to confirm this. Any thoughts?
  • roverduderoverdude Posts: 12
    Does anyone know the current MF/Residuals for RR Sport HSE and SC for 24/36 months 15K/yr?
  • miltimilti Posts: 14
    Dear Carman, and/or KYFDX,

    I'm looking into leasing a 2009 Range Rover Sport SuperCharged SUV. I'm interested in a 36 month 15,000 miles per year lease. Do you have the money factor and residuals (%) for April?

    From information gathered from Edmunds, the dealer is currently receiving $5,000 marketing support dollars for purchase or lease of this vehicle. If I used the TMV caluclator and came up with a TMV of $65,000, which is down from an MSRP of $71,000, can I subtract the $5,000 from the $65,000 (=$60,000) and make my lease caluclations based on $60,000?

    Thanks for your help, it's always appreciated!
  • 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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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey roverdude. Here's the information that you're looking for. Land Rover's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Range Rover Sport HSE with 15,,000 miles per year are .00017 and 58%. The numbers for an otherwise identical 36 month lease are .00007 and 47%.

    Land Rover's current buy rate lease money factor and residual value for a 24 month lease of a 2009 Range Rover Sport SC with 15,,000 miles per year are .00022 and 58%. The numbers for an otherwise identical 36 month lease are .00058 and 49%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Carman,

    Im looking at a 2009 Ranger Rover Sport HSE with luxury package 62,150.
    36month/12k mileage. Im in Los Angeles,

    Can you give me the residual and money factor? Can you explain this incentive:

    "$5000 Dealer Cash is available toward the retail purchase or lease of a 2009 Ranger Rover Sport model. See dealer for complete details."

    What would be a reasonable buying price on this car?

    Thanks!
  • 2009 RR Sport Cold Climate Package $60,850.00
    10,500miles 48month lease
    $7000.00 down
    $599.00 a month
    IS THIS AGOOD LEASE?

    Also if someone could explain what is the residual value?

    Thanks for any help given.
  • Hey Kingpin.

    That doesnt sound like a good deal to me. You never want to put that much money down on a lease.

    Im at 1500 Total drive off, 725$/mo 10k mi 36months on a 62250 msrp car
  • wreganwregan Posts: 6
    just got back from dealer in NY... 36 month lease @ .00007 and .49 residual, no cap reduction and dealer gave me an 881/mo quote (works out to about 59,500 selling price). also seeing deal in paper and on web for a $799 a month 36 mo lease. that would equate to about a 58,000 selling price

    What should i be able to get the selling price to (given that its going into a 36 month lease program)? Thanks all -WR
  • wreganwregan Posts: 6
    Hi Eddie,

    i just saw your post after i posted mine... if you're at 725 then that equates to a selling price of 55,300... that's a great price. May i ask what dealer you got it from? I need to be in a car this week, my lease is up tomorrow. Thanks -WR
  • Hey guys.

    The dealer Im working with is in the Los Angeles area. Three separate dealers are willing to match that in this area. I havent been able to get lower so far. I believe it is the car at invoice with their best lease rates. 1500 is no cap reduction so it is the minimum drive off.

    The best thing to do is use edmunds quote and let them know you have it at this price and if they can match it. Most likely they will as they want to move the unit.

    The new 2010's have improved the interior of these things so the 2009's are being moved at much lower prices. The body stays the same so it is a good value.

    Wregan, the dealer quote you received started above their advertised price which already sounds like someone you want to stay away from.

    -ed
  • wreganwregan Posts: 6
    Thanks Ed... i'll let you all know how it works out. -W
  • wreganwregan Posts: 6
    DONE - RRS lux sat radio 36mo lease 840/mo 0 cap reduction 1960 due at signing. there is some room to go lower, just didn't want to commute to do it, but i think you could get done around 825 if you work hard enough...
  • Did the 840 include tax?
  • wreganwregan Posts: 6
    yes, Tax rolled in.
  • ceg3yceg3y Posts: 1
    what would be the expected lease numbers for RRS lux/rear ent at 58.5k

    36 month lease and 15000 miles/year in houston tx

    thanks
  • tpatttpatt Posts: 3
    So Ed,

    Did you make the deal for your RR Sport?? Which one did you get and what was your lease deal.
    I also am in the Southern Calif area, which dealerships did you work with.

    Thanks for info
    T
  • bethrbethr Posts: 51
    is this a good deal out of florida-

    RRS cold weather, luxary package, 3694.43 which includes 2995.99 down 1st month -

    12,000 miles including tax 846.00

    15,000 including tax 865.00

    please let me know if this is a good deal or is their room
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