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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
  • I am considering leasing a 2008 RR SC for either 24, 30, or 36 months with 15k miles. It would be great to know the corresponding money factors and residuals for these leases.

    Thanks,

    Jim
  • Car man...HELP!
  • jvitijviti Posts: 1
    Hi,
    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??
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Jim. Here is the information that you're looking for. Land Rover Capital Group's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Land Rover Range Rover SC with 15,000 miles per year are .00146 and 62%, respectively. The numbers for a 36 month lease are .00211 and 50%.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi jviti. Have you looked up this truck's MSRP and dealer invoice price here at Edmunds.com yet? The prices that are listed here are usually very accurate. If a dealer quotes you an MSRP that's higher than the one that is mentioned in the New Vehicle Pricing section of Edmunds.com, they are probably adding some sort of dealer installed option(s) or fees to it.

    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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  • njwlognjwlog Posts: 8
    Car_man,

    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!
  • guess400guess400 Posts: 1
    I think this is a great price but I want to make sure before I go ahead with the deal. It is on a brand new 08 base Range Rover HSE no options dealer is just throwing in some rubber mats. $799 a month with 8800 down this includes tax and title up front for New York. It is for 24 months with 10,500 a year. Should I pull the trigger on this or wait to get a better deal
  • bully5bully5 Posts: 6
    I believe its very good. Best I could do is 1350 per month on RR base model but with TV's for 36 months, 0 down, 10.5K miles. If you add in your pre pay 8800 your payment is around 1150 per month.
  • jbratxjbratx Posts: 40
    $8,800 down seems a little steep for a lease.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, njwlog. I don't think that Land Rover's 30 month lease program on this truck is anything special right now. If you really want to lease one, you would probably be better off going with a 36 month lease. Your monthly payment will be lower. Land Rover Capital Group's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Land Rover Range Rover Supercharged with 15,000 miles per year are .00302 and 56%, respectively.

    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.

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