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Land Rover Range Rover Lease Questions
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Car_man
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Car_man
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Car_man
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Car_man
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allan@av-intel.com
Many Thanks,
Steve
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
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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
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Car_man
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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
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?
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?
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:
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 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.
i.e ( http://www.phillipsautoleasing.com/ )
Car_man
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Car_man
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Car_man
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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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Car_man
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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)
any help much appreciated thanks
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.
Have the lease rates for the 2008 Range Rover HSE stated before changed or are they still the same?
- Thank You
Car_man
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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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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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Car_man
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Thanks,
Jim
I'm about to lease a new RR HSE Supercharged and I'm trying to figure out if I'm getting a good deal. While the internet says MSRP is 93k several dealers are telling me the MSRP is 96k and they'll drop their price to 93k (although that includes a rear entertainment system which cost $2500 . Not sure if they're gaming me. That said the lease terms I'm getting are roughly consistent across dealers and are as follows:
30 months; 12k miles/yr; 4,474 down; 1474/month. This includes tax (which is 8.25%). The residual value is 59% and the money factor is .00176. I really want a 36 month lease but they drop the residual value to 50% and increase the money factor to .00220 making for 7,067 down and 1,462/mo. Any opinions/advice??
Car_man
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The money factor that you were quoted is right in line with Land Rover's buy rate for this model. That is always a good thing. One thing that I don't like about this deal though is the large down payment that you are considering making. I always advise consumers not to make large capitalized cost reductions on leased vehicles. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be better off going with a zero down lease.
Car_man
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Is Land Rover Capital still offering a 30 month lease on a '08 Range Rover Supercharged? What is the residual and money factor?
Thank you for your great service to all car buyers!
If you are a current Land Rover owner or lessee, make sure to take advantage of the $2,000 owner loyalty cash that is currently available on the '08 Range Rover.
Car_man
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