Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Land Rover Range Rover Lease Questions

17891113

Comments

  • zuny25zuny25 Posts: 1
    edited December 2011
    Dear car_man,

    what are the money factors and residual value for a 2012 Range Rovr Sport HSE Lux for December 2011?
  • opjp88opjp88 Posts: 11
    Hi, anyone look into a lease on a Land Rover Evoque pure? was quoted $690 a month with taxes and 1st month walk in which is almost $4k. This is for 36 months,10 K miles a year,resd is 54%, factor is 1.61 and sticker is 45,945. I think its very high monthly payment, any thoughts out there?
  • Hi car_man-

    Could please give Land Rover Financial residual value and money factors for a 2012 Range Rover HSE for 24 and 36 months with 12k and 15k miles per year.

    Thanks in advance!
    Rick
  • ceperryceperry Posts: 7
    Hi, Car_Man -

    Could you please provide the latest money factor and residual value for the Land Rover Evoque Prestige?

    Also, since the model, after this first year of production, has now been established as popular and likely to have high resale value, do you think we're likely to see higher residuals with the 2013 model year? (I notice the residuals quoted in October were fairly low compared to other models like the RR Sport).

    Thanks very much!
    Christina
  • jps1010jps1010 Posts: 13
    Hi,

    Does anyone know the July money factor and residuals for a Range Rover HSE? I am looking for 36 month term and 12K miles per year. I am unable to find these figures anywhere and do not want to walk in a dealership without knowing this information.

    Thank you.
  • crimattcrimatt Posts: 18
    I'm in the same boat. I want to avoid any dealer without being properly equipped. You know what they say about an educated consumer...

    Further, how much of a discount can one expect on a HSE given the time of year and the vehicle's pending facelift?

    crimatt
  • jps1010jps1010 Posts: 13
    Hi Carman,

    Can you please lets us know the money factor and residual rates for the Range Rover HSE?

    In addition, what is your opinion on the discounts given the pending update?

    I really appreciate any help you can offer.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    It's definitely a good idea to have this information in hand before shopping around, jps1010. Chase's July buy rate lease money factor and residual value for a 36-month lease of a 2012 Land Rover Range Rover HSE with 12,000 miles per year are .00176 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey jps1010. Please see my previous post for the lease program information that you're looking for.

    I really am not intimately familiar with what the market is like for the Range Rover right now. If I was in the market for a lease of one at this time, I personally would shoot for a selling price of $500 to $1,000 over invoice and see what happens.

    I can tell you that Land Rover is pushing 18-month leases of this truck right now...probably to bridge the gap between now and when the new one arrives. It is providing a special $3,000 cash incentive on 18-month leases of the Range Rover right now. Its 18-month, 15k numbers for the '12 Range Rover HSE are .00194 and 63%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • jps1010jps1010 Posts: 13
    Hi Car_Man. Thanks so much for getting back to me. Over the years I have used your site and it has saved me and my family so much money. This is why I always go to your site before I proceed.

    After using the figures you have provided the RR HSE is more than I want to spend. Are the figures for the RR Sport any better?
  • mibnymibny Posts: 14
    edited February 2006
    Hey Cartman .. Im in NYC. What you think will be the monthly leasing for the RRS 2013 ?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're welcome jps1010. I'm glad that you've found this site so helpful.

    Chase's current buy rate lease money factor and residual value for a 36-month lease of a 2012 Range Rover Sport HSE with 15,000 miles per year are .00194 and 55%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mibny. If you provide me with the MSRP and dealer invoice price of the exact truck that you are interested in I would be happy to use Land Rover's actual lease program to work up a payment on it for you. You can find this pricing data in the New Vehicle Pricing section of Edmunds.com.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • swajamesswajames Posts: 5
    edited July 2012
    Hi Car_man,

    Firstly, thank you for the work you do here on the forum.

    I am in the home stretch on the negotiations for a 2012 Range Rover HSE LUX and have a question on the current manufacturer payments to the dealer.

    As I understood it, there is a holdback amount of around $1500 on the Range Rover HSE. I also see that there is a current manufacturer incentive to the dealer of $2000. Do you happen to know if the $2000 is in addition to the holdback or as a replacement for the holdback? I am getting the $3500 competitor cash already. Also, I think the current finance offer is .9%, right, but is it right that the 36 month residual for 12000 miles is 50%? Is there any "sweet spot" on these cars at the moment in terms of beneficial residuals or money factors?

    Thanks!
  • pcaldwellpcaldwell Posts: 9
    I was interested in the mf, residual % on a 24mo lease of a RR HSE?
    thanks Pete
  • crimattcrimatt Posts: 18
    Curiously, how do you know about this dealer hold-back
    program and the current manufacturer's incentive to the dealer? Did you read it somewhere or are you gleaning this info through your present negotiations with your dealer? I am also trying to hammer out a deal on the 2012 HSE and this information has never been brought to my attention--understandably....

    Also, why do you believe that, as a buyer, you are entitled to that $ or that you may use these incentives to frame your current negotiations? My 2 cents...

    Sweet spot -wise, I believe the current 24 month deal is where you want to be:

    2012 HSE:

    a. 12k - 64% residual
    b. 10k - 65% residual

    2012 HSE LUX:

    a. 12K - 62% residual
    b. 10K - 63% residual

    By taking advantage of this 24 month program, you get the highest residual values and you will be out of the lease in time to pick up a 2014 HSE/HSE LUX--after all the kinks have been ironed out.

    Cheers!

    crimatt
  • camy2079camy2079 Posts: 8
    Hi car_man.

    I just wanted to confirm the MF and residual for a RRS LUX 2012 on a 36mo/10k lease. Is it .00194 and 56%?

    Thanks!
  • crimattcrimatt Posts: 18
    You are getting things mixed up. The .00194 MF is reserved for only the 24 month programs. The 36 month, 12K/year lease, however, has a .00176 MF for Tier 1 buyers, and a 50% residual. The 10K/year enjoys a more liberal 52%.
  • camy2079camy2079 Posts: 8
    Thanks for the reply.

    So the dealer quoted .00194 (Sent me a lease worksheet print out) so I'll assume they're marking it up for profit. They also quoted 56% for the residual on a 36mo/10K... knowing the dealer can't set this so the dealer is mistaken? 50% sounds really low IMO, where did you get this info?
  • crimattcrimatt Posts: 18
    edited July 2012
    First, the MF used by a dealership is not necessarily fixed.
    Those with excellent credit scores get the benefit of the lowest available MF (.00168-Tier 1 credit), while everyone else gets quoted varying MFs based upon where they fall along the credit score continuum. Personally, I was quoted a Tier 2 rate of .00188.

    So, your quote of .00194 may be more a measure of your credit worthiness, than the act an unscrupulous salesman. Only you know...

    With respect to the residuals on this vehicle, let's think about it for a moment.

    Residuals are also not set in stone. The longer a vehicle sits on a dealership lot, the less value it has to the dealership and to the bank in question (Chase, in your case).

    Further, when a vehicle has reached the end of its "life cycle" and a new body style is looming, the affect on its perceived value weighs heavily on its residual value. Do you really believe that your HSE would have the same value three years from now as it would without the introduction of a new style HSE next year?

    This said, if you were quoted a residual value of 56% on a 36 month lease on this vehicle, consider this a gift.
    Perhaps your dealership is trying to offset the increased MF they quoted you to make the overall lease contract more palatable. Or perhaps the .00194/56% quote is a component of an internal program that that dealership has in place. Who knows.

    BTW, the difference between your 56% and my 52% is roughly $93/month. You ultimately have to decide if this is "really low".

    Hope I helped!

    crimatt
  • pcaldwellpcaldwell Posts: 9
    Was quoted mf of .00245 and residual of 61% on a 24 month lease of a RR HSE. Does this seem reasonable? 5.88% seems high in this economy as well as considering a pending redesign. thanks
  • crimattcrimatt Posts: 18
    edited July 2012
    You haven't told us how many miles you were considering. However, I would surmise that your dealer is indeed padding the price.

    First, with a MF quote of .00245, you would have to have a Tier 4 credit score. This, notwithstanding, you would still be entitled to the current residual rates of 65% for 10k miles/year or 64% for 12k miles/year.

    At 61%, your dealer would be depriving you of one of the many benefits under the current 24 month program.

    Run do not walk...

    Cheers!

    crimatt
  • pcaldwellpcaldwell Posts: 9
    So, what is the tier I mf for a 24 mo. 10k/yr?
    thanks
    pete
  • crimattcrimatt Posts: 18
    edited July 2012
    Tier 1 credit: .00168/65% - HSE

    For the LUX, you lose 2 percentage points, regardless of the mileage.

    Cheers!

    crimatt
  • pcaldwellpcaldwell Posts: 9
    Thanks for your help. Do you know if a 27 month term is an option? And if so, does the residual % change. Thanks again. Pete

    ps: During my negotiation with the dealer, Im befuddled by the strict incentive qualifications and high money factor. Dont they realize we are in a recession? my two cents...
  • crimattcrimatt Posts: 18
    edited July 2012
    No, unfortunately, I am not aware of a 27 month option. I will tell you that, up until 8/01/012, the 24 month is the best bang for your buck. After this date, the residuals will invariably change. Presumably, for the better...

    I cannot speak for your salesperson's motives. I presume that, as with any sales situation, he may glean from the negotiations that you are in love with the car. Consequently, he knows that he can hardball you and probably get you to capitulate.

    Best advice: reverse the tables. Remember that he has everything to gain by closing the deal. You always have the option of walking away. He is not the only dealership with 2012s sitting on the lot. I think that if you can embrace the amount of power you have, you may be in a much better bargaining position.

    Cheers!

    crimatt
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey camy2079. The numbers that you posted are indeed correct.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings pcaldwell. Chase's current buy rate lease money factor for a 24-month lease of a 2012 Range Rover HSE is only .00168 for consumers who qualify for its top credit tier. If your credit is in good shape then the dealer is likely marking your truck's money factor up to add additional profit to your deal.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Will you post the August lease rates (mf and residual %) for 24mo. 10k mi/yr. when available. thank you
    pete
  • Long-time reader, first time poster here.

    Planning to pull the trigger on a HSE Lux. What is the Tier-1 residual and money factor on a 18-month lease?

    Also, the dealer want to apply a rebate to my drive-off cap reduction rather than applying it directly to the discount off MSRP. He is giving me something off MSRP and the rest discounted from my cap reduction drive-off calculation. I assume this is the same result either way, right?

    Many thanks, car_man!
This discussion has been closed.