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Land Rover Range Rover/Sport Prices Paid and Buying Experience

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Comments

  • racer_65racer_65 Posts: 43
    Well, since we are on Edmunds, let's check Edmunds. A base 2006 Supercharged Land Rover Range Rover Sport has MSRP of $69,535, and invoice of $63,277. That's over $7000 in profit already on the base vehicle (without any option). Options is where the high margin is made. Most of your customers will want some options, won't they? If I missed the mark, it's not by much.

    Since you mentioned the full size supercharged Range Rover, let's check that one too. MSRP for a base vehicle is $90,035, invoice is $81,932. Again, that's before any options is added. Pretty darn close to 10 grand.

    Again, not saying there's anything wrong with making money. Just taking the consumer's perspective here on how to save some money.
  • british_roverbritish_rover Posts: 8,476
    There is just over 9,000 dollars of profit in a supercharged Range Rover.

    I can go look at a real invoice anytime I like as all online invoices are typically off by 500 to 1000 dollars.

    You said and I quote, "ince this is a consumer's forum, let me make some comments about prices. There is no way one should pay MSRP for a vehicle. On a car like the Range Rover Sport, dealer profit would be around $10K if you pay window sticker. If you don't care about money, that's a different story, but I figure the reason people come to this thread is because they do care about money."

    Over 7000 dollars of profit is not 10,000 dollars. Just over 9,000 dollars in profit is not 10,000 dollars. A HSE Range Rover Sport with typical options has about 5,000 dollars in it. A HSE Range Rover Sport with every single option including the rarely ordered Dynamic Response Package might have 6,000 or 6,500 dollars of profit in it but no more.

    There are no hidden rebeats or secret kickbacks the prices are what they are.

    The market for the RRS sport has changed over the past few months but you are not going to be buying one for a 1,000 dollars over invoice anytime soon unless that car has a story behind it. Just trying to make people understand we don't have 2007 MY cars coming in september is a struggle.

    Typical conversation from someone who walks up.

    Customer: So I see you got a lot of 2006 Land Rovers on the lot. I guess you are going to be giving them away now to make room for your 2007s.

    ME: Well actually we won't get our first 2007 MY car till mid november and even then it will only be a couple of vehicles. We won't get our first 2007 Supercharged Range Rovers or Sports till december or possible January.

    I have had to show people my supply line report with the estimated dates of arrivals on all of our cars to make them belive that.
  • racer_65racer_65 Posts: 43
    Since you are in the business, I'll take your numbers, but admittedly with a grain of salt, since the Edmunds numbers are obviously higher.

    Markets for vehicles can change quickly. Plenty of SUVs can be bought for $1000 above invoice these days, including some that were selling for MSRP when first introduced. In your case, you are supply constrained for now, so it's a matter of how long people are willing to wait.
  • Hey British Rover.

    Read an interesting article this week in the Journal that cited the difficulties rising interest rates (and gas prices) are having on the new and used car market, especially SUV's. Those issues are increasing the number of leases relative to purchases as consumers are reluctant to finance long term at higher rates especially on SUV's which depreciated considerably and have higher fuel costs.

    The article further discusses the negative cycle of flooding the market with subsidized SUV leases as they end up as used cars in 2-3 years with few buyers due to high fuel costs. A NY Ford dealer mentions that the auction prices for these car is depressed and he's gone as far as not buying used SUV's anymore due to the stagnant market.

    Is your dealership seeing similar market reaction to used SUV's?

    Regardless of new or used, is their a "slowing" of your sales due to high fuel costs or rising interest rates?

    Your last post mentioned a change in the market conditions for the RSS - what were you referring to?

    see ya
  • sam818sam818 Posts: 127
    We won't get our first 2007 Supercharged Range Rovers or Sports till december or possible January.

    I notice that the 2007 RR SC is starting production on August 15th.
    What you are saying is that the supply pipeline will not deliver those first cars to you until December...a 4 month transit time???
  • yrbenderyrbender Posts: 25
    I have been in the market for a range rover for many year. I was going to the dealer every 6 mo to check price and quality. I purchase an 04 lx 470 over the rr it was a better vehicle in my opinion at the time and the dealer of rr would only come about 250 off sticker which I would never pay. I was impressed with the new 06 rr sticker around 83,500 lux interior sat. radio all options except not sc paid 74,000. Be patient with your purchase hit the dealer at the right time for the best deal. This dealer had this car for almost a year it was not a demo and he just got a big shipment in.
  • Hi All,
    Plan on getting the vehicle from Encino, CA, but have a few questions. Can anyone provide me with some lease details. Looking to do a 39 mo lease if offered. Options I'm looking for are LX1, PTI and SAT. Is there no navigation option? The TMV is $58,205. How much would a lease cost? I know down payment is a factor but lets say $5000.00 at the iniial. Credit score is 730. I also quilfy for the X Plan, would that work for this model? Thanks for your response....
  • craigdcraigd Posts: 2
    Ok- I'm actually gonna post the info that this forum is supposed to be about. Pd- $58,000 for my Sport last Friday.
    That price included the Luxury package including cold climate package items, sat radio and phone interface (which I'll never use) towing and electrical and fitted floor mats. Received 19,000 for my nearly 4 year old (03) excellent cond. Disco SE with only 30,000 miles and not happy about that, but not having to sell it myself and deal with tire kickers for two weeks was worth something. (first dealer offered 17,000 and I walked) Net deal was then my car and 39000 plus state sales tax.
    I loved my discovery, but the sport rocks!
  • fatcat71fatcat71 Posts: 75
    "Just over 9K is not 10K"
    "I can go look at a real invoice anytime I like as all online invoices are typically off by 500 to 1000 dollars."
    add the 2 together and you are left with
    10K = 10K
    Just an observation
  • whatsnuwhatsnu Posts: 5
    I'm considering a RRS, what was the MSRP on the car you paid $58,000 on ? $61,000? what dealer would you recommend?
    thanks!
  • My Disco SD7 is at this shop right now for the 26th day. I agree the service is awful. I took it in for a second repair on the TC/ABS/SRS system ( first one flubbed at Frederick dealership) and for some brake squeeling. $2300 and 23 days later I go to pick it up and the thing wont start. They want an extra $120 for a battery they wore down. I think NOT! I'm waiting for the Service Mgr to call me back now. I'll post the results when I get my car back.
  • ssp1ssp1 Posts: 115
    For whatever its worth I have two friends who couldnt find RR Sports in the trim level they desired (in S Cal). When I bought my LR3 in May 06 I inquired about a Sport and the offerings were limited. I looked at a white one (reg HSE) and it was gone the next day, ditto for a blue and gray one. Seems to match the story of the british rover regarding supply. The two friends went to an auto broker who found what they were looking for and they both paid over MSRP. Kudos to Land Rover for making something that is still a hot commodity.
  • cp44cp44 Posts: 12
    :) I have a dilemma and a question. I hope you can help me out. Here goes: I currently have a 2003 Toyota Camry (my first car) I brought it used in April 2004 with a little over 1,000 in miles for $22,000 on a five year finance. In all my remaining balance on the car is $14,506.03 because I've been doubling up on my payments. Now the thing is I'm ready for a new car the Range Rover Sport HSE 2007 to be exact (leased). I'm looking to purchase in June. My goal is by June to have paid down my current car so that all I owe is about $9,000 or $8,000, Then I would bring it in to trade it in for whatever it's worth. I will just pay the remaining balance to the bank myself I don't want them to roll the remaining balance into my monthly payment. I think about this car every single day and I'm am just praying to get it. Do you think what I am doing is a smart move why, or why not?

    P.S. I had 1 accident in the car it's noticeable in the body work. It doesn't look bad but you can notice it if you are into cars and I have 27,000 miles on it thus far. I'm in Brooklyn, NY Please help if you can. Thank you in advance.
  • cp44cp44 Posts: 12
    I have a dilemma and a question. I hope you can help me out. Here goes: I currently have a 2003 Toyota Camry (my first car) I brought it used in April 2004 with a little over 1,000 in miles for $22,000 on a five year finance. In all my remaining balance on the car is $14,506.03 because I've been doubling up on my payments. Now the thing is I'm ready for a new car the Range Rover Sport HSE 2007 to be exact (leased). I'm looking to purchase in June. My goal is by June to have paid down my current car so that all I owe is about $9,000 or $8,000, Then I would bring it in to trade it in for whatever it's worth. I will just pay the remaining balance to the bank myself I don't want them to roll the remaining balance into my monthly payment. I think about this car every single day and I'm am just praying to get it. Do you think what I am doing is a smart move why, or why not?

    P.S. I had 1 accident in the car it's noticeable in the body work. It doesn't look bad but you can notice it if you are into cars and I have 27,000 miles on it thus far. I'm in Brooklyn, NY Please help if you can. Thank you in advance.
    Also can anyone tell me exact figures I should bring to thr salesman when I go so I can have a decent monthly payment say around $750 or $800 a month
  • I'm having trouble finding any dealerships in Southern California willing to honor my x-plan pricing. Has anyone else had any problems like this or have any possible solutions? Thanks.
  • jenzjenz Posts: 3
    what's the best people have seen off MSRP on an 06 RR SC given the recent incentives? the best i've seen is 7500 off MSRP.
  • I am thinking about buying a new 2006 Range Rover. How much does a new RR depreaciate when it is now 1 year old but still new and never sold. I know if I had owned a 2006 RR and the dealer was buying it back from me, the depreaciation would be huge. I believe the dealer should also suffer the same depreaciation I would have experienced.
  • jenzjenz Posts: 3
    correct me if i'm wrong, but i think it's pretty easy ... there's near mint/low miles 06 RR SC on ebay going for high 70s from land rover dealers, which means these dealers probably bought these in the low 70s from the previous owners so a no miles 06 RR SC probably has a market value in the high 70s given a low miles is low 70s
  • Can anyone calculate what I should have to pay for a 30 month lease of a 2007 Range Rover Sport Luxury Package. It has an MSRP of $60,950. I've seen quotes for around $925 per month which includes tax, drive off of $1800 (includes first month).

    I've heard about better deals in Michigan, but can anyone give the name of which dealers are having deals in michigan? Dealers in San Francisco are complete WEASELS. They are quoting over $1000 with money factor of .003. I swear to God if I ever have to deal with SF car dealers again I will shoot myself.

    Any experiences or actual lease prices paid for luxury RR Sports would be greatly appreciated. I find this site is extremely helpful, but not enough people post here.
  • I just got a lease quote for a 2007 RRS SC for 30 months MSRP of $71250 residual 66%, money factor .0025, miles 12k. Payment is $1103.19 plus tax.

    Using those numbers with your MSRP of $60950 and assuming you're paying MSRP with no discount. The payment comes to $943.71 plus tax.
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