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Discovery Sport 2015 Lease

elledee33elledee33 Member Posts: 1
edited April 2015 in Land Rover
Car man. I am interested in getting a HSE Lux Discover Sport 2015 with Climate package and Vision Assist package. Think it comes out to be around 50K. What should I expect to get a lease payment for 36 months 15K miles?
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    kyfdxkyfdx Moderator Posts: 239,496
    elledee33 said:

    Car man. I am interested in getting a HSE Lux Discover Sport 2015 with Climate package and Vision Assist package. Think it comes out to be around 50K. What should I expect to get a lease payment for 36 months 15K miles?

    Sorry.. but, we don't show lease programs for anything other than the Evoque, this month.

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    nypharm123nypharm123 Member Posts: 17
    Any updates for May? I'm also interested in Discovery Sport
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    kowatchkowatch Member Posts: 1
    I am interested in leasing this model as well. Is there any information on estimated residual values? I expecting 20k miles a year.
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    kyfdxkyfdx Moderator Posts: 239,496
    Again for May, only the Evoque has any sort of subvented lease program.

    Only information on other LR/RR models is standard money factor and standard residual

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    frzrbrnbassfrzrbrnbass Member Posts: 10
    Current MF/Residual for 2015 Discovery Sport SE?
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    MichaellMichaell Moderator Posts: 243,170

    Current MF/Residual for 2015 Discovery Sport SE?

    Lease term? Miles per year?

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    gp3gp3 Member Posts: 43
    I am also interested in this. Are there any subvented lease program starting yet for the Discovery Sport?

    I am looking at 15,000, 36 months. $0 down - any idea what that should realistically run me?

    Is the evoque a better option in terms of pricing?
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    kyfdxkyfdx Moderator Posts: 239,496
    gp3 said:

    I am also interested in this. Are there any subvented lease program starting yet for the Discovery Sport?

    I am looking at 15,000, 36 months. $0 down - any idea what that should realistically run me?

    Is the evoque a better option in terms of pricing?

    SE, HSE or HSE Lux?

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    gp3gp3 Member Posts: 43
    HSE. Also- can anyone give me advice on my situation:

    Currently in a volvo, lease is up on July 20th. I have already made the final payment. I am over my allotted mileage by 5,000 miles (.25/mile cost).

    Should I wait until my lease is up, pay the overage and then lease the new Land Rover? Or do I have any other option- such as lease a new rover now and have them roll in the excess mileage cost into my payments. Is this even an option?
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    MichaellMichaell Moderator Posts: 243,170
    gp3 said:

    HSE. Also- can anyone give me advice on my situation:

    Currently in a volvo, lease is up on July 20th. I have already made the final payment. I am over my allotted mileage by 5,000 miles (.25/mile cost).

    Should I wait until my lease is up, pay the overage and then lease the new Land Rover? Or do I have any other option- such as lease a new rover now and have them roll in the excess mileage cost into my payments. Is this even an option?

    Yes, it is an option. Really, your Volvo is like any trade in ... it has a payoff value and a trade in value. Call Volvo Finance to get the former, and use the "Real World Trade in Values" to help get the latter. That will tell you if you have positive or negative equity.

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    frzrbrnbassfrzrbrnbass Member Posts: 10
    Michaell said:
    Current MF/Residual for 2015 Discovery Sport SE?
    Lease term? Miles per year?
    Sorry, 15k 36 months
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    MichaellMichaell Moderator Posts: 243,170


    Michaell said:

    Current MF/Residual for 2015 Discovery Sport SE?

    Lease term? Miles per year?

    Sorry, 15k 36 months

    .00288 and 58%

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    gp3gp3 Member Posts: 43
    Anyone have any idea when the 2016 Discovery Sports are going to be dropped in South Florida? My current lease is up in late July and I'd love to get in one of them. Right now the market is dry in South Florida. ALSO - Any clue when Land Rover is going to be offering a subvented lease program with the discovery sport??
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    kyfdxkyfdx Moderator Posts: 239,496
    gp3 said:

    Anyone have any idea when the 2016 Discovery Sports are going to be dropped in South Florida? My current lease is up in late July and I'd love to get in one of them. Right now the market is dry in South Florida. ALSO - Any clue when Land Rover is going to be offering a subvented lease program with the discovery sport??

    No clue.

    Subvented lease? Guessing not any time soon.

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    gp3gp3 Member Posts: 43
    Anyone have the MF and Residual for July 2015 discovery sport for south florida.


    15/36

    SE and HSE
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    MichaellMichaell Moderator Posts: 243,170
    gp3 said:

    Anyone have the MF and Residual for July 2015 discovery sport for south florida.


    15/36

    SE and HSE

    SE - 62% and .00206

    HSE - 60% and .00206

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    sterpa03sterpa03 Member Posts: 4
    Can anyone share lease payments they are being quoted? I'm looking at an SE with minimal upgrades for $41K and an HSE with minimal upgrades for $45k. I'm putting $5k down, 12k miles and perfect credit for 36 month months and am being told the monthly payment is over $700 for both. Considering a base model at $38k at 10k miles a month is only $399 with 7k down, just seem off to me.
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    MichaellMichaell Moderator Posts: 243,170
    sterpa03 said:

    Can anyone share lease payments they are being quoted? I'm looking at an SE with minimal upgrades for $41K and an HSE with minimal upgrades for $45k. I'm putting $5k down, 12k miles and perfect credit for 36 month months and am being told the monthly payment is over $700 for both. Considering a base model at $38k at 10k miles a month is only $399 with 7k down, just seem off to me.

    Ouch.

    First, we don't recommend making any sort of down payment on a lease. If the car is stolen or totaled, you lose that money.

    The 36/12 numbers for the SE are 64% and .00206; for the HSE, 62% and .00206.

    If you provide the exact MSRP and selling price, we can model a pre-tax payment.

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    sterpa03sterpa03 Member Posts: 4
    41,165 on the SE and 46,440 on the HSE. 

    Thanks!
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    sterpa03sterpa03 Member Posts: 4
    I'm actually at dealer now they're telling me 58% residuals on SE with money factor of .003 something, over $800 a month. 
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    MichaellMichaell Moderator Posts: 243,170
    sterpa03 said:
    I'm actually at dealer now they're telling me 58% residuals on SE with money factor of .003 something, over $800 a month. 
    Dealer can't touch the residual value; it's set by the bank. Confirm the lease term and miles per year. 

    MF can be marked up, however. 

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    sterpa03sterpa03 Member Posts: 4
    36 months, 12k miles. Got them down to $637. Price after tax, title etc. was $46000, for the $42k MSRP. Still seems high so I think I'm moving on. 

    Thanks for the help. 
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    MichaellMichaell Moderator Posts: 243,170
    sterpa03 said:

    36 months, 12k miles. Got them down to $637. Price after tax, title etc. was $46000, for the $42k MSRP. Still seems high so I think I'm moving on. 

    Thanks for the help. 

    The high MF is what's killing you here. MF is .00130 on the X5 for comparison.

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    andreakmandreakm Member Posts: 8
    Hi!

    Do you have any updated lease info on the 2015 Discovery Sport HSE?

    MSRP $52,246

    10k miles per year

    33 or 36 months - I see a lease special but only for a $42k MSRP base HSE
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    MichaellMichaell Moderator Posts: 243,170
    andreakm said:

    Hi!

    Do you have any updated lease info on the 2015 Discovery Sport HSE?

    MSRP $52,246

    10k miles per year

    33 or 36 months - I see a lease special but only for a $42k MSRP base HSE

    .00292 MF for both terms

    33/10 residual - 60%

    36/10 residual - 58%

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    crazydeocrazydeo Member Posts: 30
    Do you have any updated lease info on the 2015 Discovery Sport HSE for Aug/Sept?
    • MSRP $52,396
    • 15K Miles
    • 33/36 Months
    • Southern California

      Thank you in advance!!
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    MichaellMichaell Moderator Posts: 243,170
    crazydeo said:

    Do you have any updated lease info on the 2015 Discovery Sport HSE for Aug/Sept?

    • MSRP $52,396
    • 15K Miles
    • 33/36 Months
    • Southern California

      Thank you in advance!!
    59% and .00105 for 33/15

    57% and .00112 for 36/15

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    stumc1stumc1 Member Posts: 34
    Can you also provide current MF/residual for a Discovery Sport HSE with 12K miles for 33 months?
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    MichaellMichaell Moderator Posts: 243,170
    stumc1 said:

    Can you also provide current MF/residual for a Discovery Sport HSE with 12K miles for 33 months?

    61% and .00105 for 33/12

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    davidus1davidus1 Member Posts: 7
    Woah, finally a reasonable MF. Are these confirmed? Has anyone been able to get an HSE at .00105? I might be able to finally pull the trigger, I've consistently been getting quotes of .00250+. 
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    kyfdxkyfdx Moderator Posts: 239,496
    davidus1 said:

    Woah, finally a reasonable MF. Are these confirmed? Has anyone been able to get an HSE at .00105? I might be able to finally pull the trigger, I've consistently been getting quotes of .00250+. 

    .00040 MF and 60% residual for 33/12 for September.

    2015 Discovery Sport HSE

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    gregb12gregb12 Member Posts: 3
    Great to see the MF finally come down to a competitive level.
    Can you confirm the residual for 33/10k in NY (HSE and/or HSE Lux) - does it just bump it up 1% as in many other deals?
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    kyfdxkyfdx Moderator Posts: 239,496
    gregb12 said:

    Great to see the MF finally come down to a competitive level.
    Can you confirm the residual for 33/10k in NY (HSE and/or HSE Lux) - does it just bump it up 1% as in many other deals?

    Yes... add 1% to go from 12K/yr to 10K/yr

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    devilsadvct33devilsadvct33 Member Posts: 117
    Are the 2016 lease numbers available? Would be interested in a HSE and HSE Lux for a 36 or 33 month term and 10k or 12k per year. In South Florida. Thanks,
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    MichaellMichaell Moderator Posts: 243,170

    Are the 2016 lease numbers available? Would be interested in a HSE and HSE Lux for a 36 or 33 month term and 10k or 12k per year. In South Florida. Thanks,

    33/12:
    HSE - 66% and .00254
    HSE Lux - 63% and .00254

    36/12:
    HSE - 63% and .00254
    HSE Lux - 59% and .00254

    Add 1% for 10K miles per year

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    davidus1davidus1 Member Posts: 7
    Is there an advantage to getting the 2016? I heard that a new engine was getting put in. True?
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    kyfdxkyfdx Moderator Posts: 239,496
    davidus1 said:

    Is there an advantage to getting the 2016? I heard that a new engine was getting put in. True?

    Sorry.. no clue about upgrades.

    Big disadvantage in the monthly payment for the 2016.

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    cliffpzcliffpz Member Posts: 18
    What is residual and mf for 2015 and 2016 se with 36/10k? Thanks
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    kyfdxkyfdx Moderator Posts: 239,496
    cliffpz said:

    What is residual and mf for 2015 and 2016 se with 36/10k? Thanks

    2015: .00136 MF and 58% residual
    2016: .00254 MF and 65% residual

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    cliffpzcliffpz Member Posts: 18
    any rebates/incentives on 2015 se?
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    cliffpzcliffpz Member Posts: 18
    on 9/2 post mf was .0004 for hse 33/12. why is mf so much higher on se 36/10 (.00136). Is it the model difference or the 33 vs 36 month difference?
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    MichaellMichaell Moderator Posts: 243,170
    cliffpz said:

    on 9/2 post mf was .0004 for hse 33/12. why is mf so much higher on se 36/10 (.00136). Is it the model difference or the 33 vs 36 month difference?

    Lease term difference .. LR is pushing 33 month leases in September.

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    cliffpzcliffpz Member Posts: 18
    ok - what is mf and residual on 33 month lease for se 2015
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    kyfdxkyfdx Moderator Posts: 239,496
    cliffpz said:

    ok - what is mf and residual on 33 month lease for se 2015

    It's only the HSE and HSE LUX that have the .00040 MF

    33/10 numbers:

    2015 SE: .00131 MF and 62% residual
    2015 HSE: .00040 MF and 61% residual

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    raj_eraj_e Member Posts: 5
    Hi, I am about to pull a trigger and sales man is saying he can only honor the price tomorrow - $500 below invoice for 2015. Can any one confirm the lease values for 2015 - HSE LUX - 33 , 36 and 42. 33/12 at 0.0004 and 61% seems too good to pass on, but I want to keep the car for 42 months if possible.
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    kyfdxkyfdx Moderator Posts: 239,496
    raj_e said:

    Hi, I am about to pull a trigger and sales man is saying he can only honor the price tomorrow - $500 below invoice for 2015. Can any one confirm the lease values for 2015 - HSE LUX - 33 , 36 and 42. 33/12 at 0.0004 and 61% seems too good to pass on, but I want to keep the car for 42 months if possible.

    The HSE LUX does not have a 61% residual. That's only the HSE, and that is for 33/10.

    HSE LUX

    33/12: .00040 MF and 57% residual
    36/12: .00051 MF and 54% residual
    42/12: .00075 MF and 51% residual

    The 42 month will certainly be the lowest payment.

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    raj_eraj_e Member Posts: 5
    kyfdx said:

    raj_e said:

    Hi, I am about to pull a trigger and sales man is saying he can only honor the price tomorrow - $500 below invoice for 2015. Can any one confirm the lease values for 2015 - HSE LUX - 33 , 36 and 42. 33/12 at 0.0004 and 61% seems too good to pass on, but I want to keep the car for 42 months if possible.

    The HSE LUX does not have a 61% residual. That's only the HSE, and that is for 33/10.

    HSE LUX

    33/12: .00040 MF and 57% residual
    36/12: .00051 MF and 54% residual
    42/12: .00075 MF and 51% residual

    The 42 month will certainly be the lowest payment.
    Thanks! Is 500 invoice good deal or I should ask for more? I can get 10% off for Porsche, but some how Land rover dealers are not coming down easily.
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    MichaellMichaell Moderator Posts: 243,170
    raj_e said:

    kyfdx said:

    raj_e said:

    Hi, I am about to pull a trigger and sales man is saying he can only honor the price tomorrow - $500 below invoice for 2015. Can any one confirm the lease values for 2015 - HSE LUX - 33 , 36 and 42. 33/12 at 0.0004 and 61% seems too good to pass on, but I want to keep the car for 42 months if possible.

    The HSE LUX does not have a 61% residual. That's only the HSE, and that is for 33/10.

    HSE LUX

    33/12: .00040 MF and 57% residual
    36/12: .00051 MF and 54% residual
    42/12: .00075 MF and 51% residual

    The 42 month will certainly be the lowest payment.
    Thanks! Is 500 invoice good deal or I should ask for more? I can get 10% off for Porsche, but some how Land rover dealers are not coming down easily.
    We don't track selling prices - use the "make / model / year" pull downs at the top of the screen to link to the Edmunds pricing tools.

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    raj_eraj_e Member Posts: 5
    Thanks Michael. When can we get October numbers (2015 and 2016) ?
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    kyfdxkyfdx Moderator Posts: 239,496
    raj_e said:

    Thanks Michael. When can we get October numbers (2015 and 2016) ?

    We don't have them yet. No ETA

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