2016 Land Rover Evoque Lease Questions

24

Comments

  • kyfdxkyfdx Moderator Posts: 227,566
    hmf0422 said:

    What would be the numbers on a 2016 Evoque SE Premium for 36/10 in CT?

    5-door?

    .00061 MF and 62% residual

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  • superchunksuperchunk Member Posts: 5

    I'm considering the 2016 5-door Evoque.
    What would be the current residuals and MF for both the HSE and SE Premium trims for the following?

    (months/annual miles('000's))
    33/10, 36/10, 39/10
    33/12, 36/12, 39/12
    33/15, 36/16, 39/15
  • kyfdxkyfdx Moderator Posts: 227,566


    I'm considering the 2016 5-door Evoque.
    What would be the current residuals and MF for both the HSE and SE Premium trims for the following?

    (months/annual miles('000's))
    33/10, 36/10, 39/10
    33/12, 36/12, 39/12
    33/15, 36/16, 39/15

    15K/yr... add 2% for 12K/yr or 3% for 10K/yr

    HSE:
    33/15 - .00012 MF and 56% residual
    36/15 - .00035 MF and 57% residual
    39/15 - .00049 MF and 54% residual

    SE Premium:
    33/15 - .00040 MF and 58% residual
    36/15 - .00061 MF and 59% residual
    39/15 - .00075 MF and 57% residual

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  • fccardifffccardiff Member Posts: 2
    Sorry for the duplicate post! Would you be able to provide me with numbers for 7.5k/36 on a 2016 SE Premium for May?

    Thanks! :)
  • kyfdxkyfdx Moderator Posts: 227,566
    fccardiff said:

    Sorry for the duplicate post! Would you be able to provide me with numbers for 7.5k/36 on a 2016 SE Premium for May?

    Thanks! :)

    .00017 MF and 60% residual, assuming 5-door wagon

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  • fl_carpofl_carpo Member Posts: 3
    Hi,

    Can you give the May figures for the following 5 door models:

    SE 36/15k
    SE Premium 36/15k

    Thanks!
  • MichaellMichaell Moderator Posts: 233,839
    fl_carpo said:

    Hi,

    Can you give the May figures for the following 5 door models:

    SE 36/15k
    SE Premium 36/15k

    Thanks!

    SE - 60% and .00087
    SE Premium - 59% and .00061

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  • migsgonzalezmigsgonzalez Member Posts: 20
    edited May 2016
    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!
  • kyfdxkyfdx Moderator Posts: 227,566

    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!

    .00087 MF and 62% is correct for the 5-door SE model for 36/12.

    How much of the $3500 is for upfront charges, and how much is CAP cost reduction?

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  • migsgonzalezmigsgonzalez Member Posts: 20
    kyfdx said:

    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!

    .00087 MF and 62% is correct for the 5-door SE model for 36/12.

    How much of the $3500 is for upfront charges, and how much is CAP cost reduction?

    Thanks for your response! Glad they gave me the correct MF And residual.

    I was given a printout of all the details of the lease:

    1. They added $875 for capped fees to the Cap Cost of $41,191
    3. The CAP cost reduction is $2,440.04 of my $3500 down.
    So Adjusted CAP Cost is $39,625.96

    5. The rest of the $1060 is comprised of:
    a. 1st month's payment of $425.01 + Tax of (at 8%) of $34 and a Cap Reduction Tax (at 8%) of $195.20
    b. DMV Fees of $368
    c. Upfront Fees of $37.75
    That totals $1060.

    I pointed out the $875 capped fees - they said it was the leasing company acquisition fee. I asked for my Net Selling Price of $41,191 to be reduced by $875 to give me a monthly payment before tax of $400/mo. They countered back saying I could pay for the $875 up front.

    Would love to hear your thoughts. The discussions here have been so helpful.

    Thanks!

  • kyfdxkyfdx Moderator Posts: 227,566

    kyfdx said:

    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!

    .00087 MF and 62% is correct for the 5-door SE model for 36/12.

    How much of the $3500 is for upfront charges, and how much is CAP cost reduction?

    Thanks for your response! Glad they gave me the correct MF And residual.

    I was given a printout of all the details of the lease:

    1. They added $875 for capped fees to the Cap Cost of $41,191
    3. The CAP cost reduction is $2,440.04 of my $3500 down.
    So Adjusted CAP Cost is $39,625.96

    5. The rest of the $1060 is comprised of:
    a. 1st month's payment of $425.01 + Tax of (at 8%) of $34 and a Cap Reduction Tax (at 8%) of $195.20
    b. DMV Fees of $368
    c. Upfront Fees of $37.75
    That totals $1060.

    I pointed out the $875 capped fees - they said it was the leasing company acquisition fee. I asked for my Net Selling Price of $41,191 to be reduced by $875 to give me a monthly payment before tax of $400/mo. They countered back saying I could pay for the $875 up front.

    Would love to hear your thoughts. The discussions here have been so helpful.

    Thanks!

    Every leasing bank charges an acquisition fee. So, you can't get out of that.

    It's nice you have all the numbers. The calculations are correct.

    I'm not big on making CAP cost reductions. If you don't want to lay out $3500, it looks like you could get out the door for $941. (of course, the payment goes up to $535/mo.)

    Either way, looks like a decent deal for a Range Rover. It doesn't appear that the dealer is trying to slide anything by.

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  • migsgonzalezmigsgonzalez Member Posts: 20
    kyfdx said:

    kyfdx said:

    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!

    .00087 MF and 62% is correct for the 5-door SE model for 36/12.

    How much of the $3500 is for upfront charges, and how much is CAP cost reduction?

    Thanks for your response! Glad they gave me the correct MF And residual.

    I was given a printout of all the details of the lease:

    1. They added $875 for capped fees to the Cap Cost of $41,191
    3. The CAP cost reduction is $2,440.04 of my $3500 down.
    So Adjusted CAP Cost is $39,625.96

    5. The rest of the $1060 is comprised of:
    a. 1st month's payment of $425.01 + Tax of (at 8%) of $34 and a Cap Reduction Tax (at 8%) of $195.20
    b. DMV Fees of $368
    c. Upfront Fees of $37.75
    That totals $1060.

    I pointed out the $875 capped fees - they said it was the leasing company acquisition fee. I asked for my Net Selling Price of $41,191 to be reduced by $875 to give me a monthly payment before tax of $400/mo. They countered back saying I could pay for the $875 up front.

    Would love to hear your thoughts. The discussions here have been so helpful.

    Thanks!

    Every leasing bank charges an acquisition fee. So, you can't get out of that.

    It's nice you have all the numbers. The calculations are correct.

    I'm not big on making CAP cost reductions. If you don't want to lay out $3500, it looks like you could get out the door for $941. (of course, the payment goes up to $535/mo.)

    Either way, looks like a decent deal for a Range Rover. It doesn't appear that the dealer is trying to slide anything by.
    I made sure to get all the numbers to post here for you and for others as well. I asked for the lease calculations and the dealer obliged, which is great. Maybe because I'm dealing with an "internet manager" as opposed to a sales manager?

    Anyhow, thanks for the advice on the CAP cost reductions. I get it, why pay a reduction up front, when that lump sum can be invested to earn you money. Although not sure how you got $941 out the door... shouldn't it be $1060 minus the Cap Reduction Tax of $195.20 = $864.80?

    Thanks for the assessment. Glad to know everything is correct. I know you guys don't track pricing on here, so I won't ask you about the price. Seems there's a shortage of SE models in my area now so they aren't coming down too much on price. Maybe that'll change by month's end for Memorial Day. Can anyone comment on whether they've seen fresh supplies come in before the Memorial day weekend?
  • kyfdxkyfdx Moderator Posts: 227,566

    kyfdx said:

    kyfdx said:

    hi Michaell and kyfdx,

    I've been following the discussions on here for a while. Now I need your advice. Looking to lease a base Evoque.

    In San Francisco, CA:

    MSRP is 42,570
    Selling Price is 41,191
    $3500 Down

    MF is .00087 and residual is 62%, according to dealer

    36 month lease, 12K miles/yr

    I was quoted: $425 before Tax. $459 with tax.

    What do you think? leaseguide.com's lease deal calculator gives it a score of 84, says it's an excellent deal.

    Any thoughts? Thanks!

    .00087 MF and 62% is correct for the 5-door SE model for 36/12.

    How much of the $3500 is for upfront charges, and how much is CAP cost reduction?

    Thanks for your response! Glad they gave me the correct MF And residual.

    I was given a printout of all the details of the lease:

    1. They added $875 for capped fees to the Cap Cost of $41,191
    3. The CAP cost reduction is $2,440.04 of my $3500 down.
    So Adjusted CAP Cost is $39,625.96

    5. The rest of the $1060 is comprised of:
    a. 1st month's payment of $425.01 + Tax of (at 8%) of $34 and a Cap Reduction Tax (at 8%) of $195.20
    b. DMV Fees of $368
    c. Upfront Fees of $37.75
    That totals $1060.

    I pointed out the $875 capped fees - they said it was the leasing company acquisition fee. I asked for my Net Selling Price of $41,191 to be reduced by $875 to give me a monthly payment before tax of $400/mo. They countered back saying I could pay for the $875 up front.

    Would love to hear your thoughts. The discussions here have been so helpful.

    Thanks!

    Every leasing bank charges an acquisition fee. So, you can't get out of that.

    It's nice you have all the numbers. The calculations are correct.

    I'm not big on making CAP cost reductions. If you don't want to lay out $3500, it looks like you could get out the door for $941. (of course, the payment goes up to $535/mo.)

    Either way, looks like a decent deal for a Range Rover. It doesn't appear that the dealer is trying to slide anything by.
    I made sure to get all the numbers to post here for you and for others as well. I asked for the lease calculations and the dealer obliged, which is great. Maybe because I'm dealing with an "internet manager" as opposed to a sales manager?

    Anyhow, thanks for the advice on the CAP cost reductions. I get it, why pay a reduction up front, when that lump sum can be invested to earn you money. Although not sure how you got $941 out the door... shouldn't it be $1060 minus the Cap Reduction Tax of $195.20 = $864.80?

    Thanks for the assessment. Glad to know everything is correct. I know you guys don't track pricing on here, so I won't ask you about the price. Seems there's a shortage of SE models in my area now so they aren't coming down too much on price. Maybe that'll change by month's end for Memorial Day. Can anyone comment on whether they've seen fresh supplies come in before the Memorial day weekend?
    $534 payment vs. $459.. that's why the amount is $941. :)

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  • ceperryceperry Member Posts: 13
    Hi, Michaell and kyfdx -

    Could I trouble you for May MF & residual for the 5-door Evoque HSE and Premium SE, 24/33 month, 10k mi, please?

    Thanks so much!
    Christina
  • MichaellMichaell Moderator Posts: 233,839
    ceperry said:

    Hi, Michaell and kyfdx -

    Could I trouble you for May MF & residual for the 5-door Evoque HSE and Premium SE, 24/33 month, 10k mi, please?

    Thanks so much!
    Christina

    24/10
    HSE - 65% and .00076
    SE Premium - 68% and .00111

    33/10
    HSE - 60% and .00001
    SE Premium - 63% and .00044

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  • ceperryceperry Member Posts: 13
    Thanks so much, Michaell. And what about for the SE? (Sorry, forgot to include that in the original question!)
  • MichaellMichaell Moderator Posts: 233,839
    ceperry said:

    Thanks so much, Michaell. And what about for the SE? (Sorry, forgot to include that in the original question!)

    24/10 - 69% and .00148
    33/10 - 64% and .00072

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  • vistaviewvistaview Member Posts: 18
    Hi Michaell and kyfdx,

    Wanted to get the residual and MF for Evoque HSE and SE Premium for 33/12, 36/12, 33/15 and 36/15 as well as any recommendations and/or thoughts you have about this month's program
  • MichaellMichaell Moderator Posts: 233,839
    vistaview said:

    Hi Michaell and kyfdx,

    Wanted to get the residual and MF for Evoque HSE and SE Premium for 33/12, 36/12, 33/15 and 36/15 as well as any recommendations and/or thoughts you have about this month's program

    33/15
    HSE - 57% and .00001
    SE Prem - 60% and .00044

    36/15
    HSE - 56% and .00017
    SE Prem - 59% and .00061

    Add 2% for 12K

    Looks like the HSE 33 month program is the one to go for.

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  • vistaviewvistaview Member Posts: 18
    Thanks so much for the prompt response -- what about the SE? I completely forgot to ask about that.
  • MichaellMichaell Moderator Posts: 233,839
    vistaview said:

    Thanks so much for the prompt response -- what about the SE? I completely forgot to ask about that.

    SE
    33/15 - 61% and .00072
    36/15 - 60% and .00087

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  • kyfdxkyfdx Moderator Posts: 227,566
    Michaell said:

    vistaview said:

    Hi Michaell and kyfdx,

    Wanted to get the residual and MF for Evoque HSE and SE Premium for 33/12, 36/12, 33/15 and 36/15 as well as any recommendations and/or thoughts you have about this month's program

    33/15
    HSE - 57% and .00001
    SE Prem - 60% and .00044

    36/15
    HSE - 56% and .00017
    SE Prem - 59% and .00061

    Add 2% for 12K

    Looks like the HSE 33 month program is the one to go for.
    Actually, with these numbers, the 36 month program will be cheaper, even with the higher money factor.

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  • vistaviewvistaview Member Posts: 18
    Thank you!
  • trebor7trebor7 Member Posts: 1
    edited June 2016
    Hello,

    If you guys are not sick of providing money factors and residuals :) I'd like to know them for 2016 RR Evoque SE Premium. I am very flexible with terms, so send me sweet spot please. 36/12 is what I will be looking at with the dealer, but interested if there are better options.

    Thank you!
  • kyfdxkyfdx Moderator Posts: 227,566
    trebor7 said:

    Hello,

    If you guys are not sick of providing money factors and residuals :) I'd like to know them for 2016 RR Evoque SE Premium. I am very flexible with terms, so send me sweet spot please. 36/12 is what I will be looking at with the dealer, but interested if there are better options.

    Thank you!

    .00061 MF and 61% residual.

    36 months is the sweet spot, this month.

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  • tayloratxtayloratx Member Posts: 3
    Hello,

    Do you have the June 36/12 on the SE and HSE models? I got back .00117 from the dealer, but based on prior months that looks like it may be a markup. Thanks in advance!
  • MichaellMichaell Moderator Posts: 233,839
    tayloratx said:

    Hello,

    Do you have the June 36/12 on the SE and HSE models? I got back .00117 from the dealer, but based on prior months that looks like it may be a markup. Thanks in advance!

    SE - 62% and .00087

    HSE - 58% and .00017

    Yes, the MF is marked up.

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  • vistaviewvistaview Member Posts: 18
    Michaell & kyfdx,

    Thanks for all of your help. Wanted to share a success story, leased a 2016 Evoque SE Premium (MSRP: 50,014), 36mo/12k for $539 (tax included) in California. $0 cash cap cost reduction, and capitalized the acquisition fee. Drive off was 1st month, license fee and doc fee (Came out to $1120)
  • MichaellMichaell Moderator Posts: 233,839
    vistaview said:

    Michaell & kyfdx,

    Thanks for all of your help. Wanted to share a success story, leased a 2016 Evoque SE Premium (MSRP: 50,014), 36mo/12k for $539 (tax included) in California. $0 cash cap cost reduction, and capitalized the acquisition fee. Drive off was 1st month, license fee and doc fee (Came out to $1120)

    Excellent! Congrats and enjoy the new LR.

    And, we appreciate you sharing your deal details with us.

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  • swimbikerun203swimbikerun203 Member Posts: 3
    Do you have the numbers for 36/7,500 and 36/10k for both the SE and HSE makes.

    Thank you, in advance!
  • kyfdxkyfdx Moderator Posts: 227,566

    Do you have the numbers for 36/7,500 and 36/10k for both the SE and HSE makes.

    Thank you, in advance!

    SE: .00028 MF and 51% residual
    HSE: .00033 MF and 63% residual

    Add 1% for 7.5K/yr.

    That's a big spread on residuals.
    SE Premium: .00022 MF and 62% residual

    I'd avoid the SE.

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  • swimbikerun203swimbikerun203 Member Posts: 3
    It seems like the HSE tended to have the lower residual quoted... so you are saying that the HSE carries that solid 63%?

    Thank you, again!
  • MichaellMichaell Moderator Posts: 233,839

    It seems like the HSE tended to have the lower residual quoted... so you are saying that the HSE carries that solid 63%?

    Thank you, again!

    Yes 63% for 36/10 on the evoque HSE.

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  • coppo110coppo110 Member Posts: 38
    Could you please share the July numbers for an Evoque HSE 36/12? Thanks!
  • kyfdxkyfdx Moderator Posts: 227,566
    coppo110 said:

    Could you please share the July numbers for an Evoque HSE 36/12? Thanks!

    .00033 MF and 62% residual

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  • coppo110coppo110 Member Posts: 38
    Thanks!  Do the numbers change for HSE Dynamic or Autobiography?  Same term and milage.
  • MichaellMichaell Moderator Posts: 233,839
    coppo110 said:

    Thanks!  Do the numbers change for HSE Dynamic or Autobiography?  Same term and milage.

    Yes.

    Dynamic - 62% and .00019
    Autobiography - 59% and .00019

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  • coppo110coppo110 Member Posts: 38
    Can you guys confirm the residual on the HSE with 36/12? Dealership is quoting 60% residual.
  • kyfdxkyfdx Moderator Posts: 227,566
    coppo110 said:

    Can you guys confirm the residual on the HSE with 36/12? Dealership is quoting 60% residual.

    HSE and HSE Dynamic are both 62% for 36/12.

    60% is the 36/15 residual.

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  • pmannymoepmannymoe Member Posts: 24
    Any way to best guestimate for the 17 Convertible for 36/15? Any idea when you will get firm numbers? My dealer said they expect to start to have them in Nov. Much thanks!
  • kyfdxkyfdx Moderator Posts: 227,566
    pmannymo said:

    Any way to best guestimate for the 17 Convertible for 36/15? Any idea when you will get firm numbers? My dealer said they expect to start to have them in Nov. Much thanks!

    Sorry.. would have nothing to base a guess on.

    If they aren't coming until November, then October or November at the earliest for the lease numbers.

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  • kiltmankiltman Member Posts: 67
    Hello, Any chance you could provide the numbers for a 33m/12k Evoque SE Premium in Michigan?
    Thanks.
  • MichaellMichaell Moderator Posts: 233,839
    kiltman said:

    Hello, Any chance you could provide the numbers for a 33m/12k Evoque SE Premium in Michigan?
    Thanks.

    63% and .00005

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  • kiltmankiltman Member Posts: 67
    Thanks!
    an equivalent of 0.12% APR? Is that right?
  • kyfdxkyfdx Moderator Posts: 227,566
    kiltman said:

    Thanks!
    an equivalent of 0.12% APR? Is that right?

    Correct.

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  • kyfdxkyfdx Moderator Posts: 227,566
    kiltman said:

    Thanks!
    an equivalent of 0.12% APR? Is that right?

    Correct.

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  • kiltmankiltman Member Posts: 67
    Thanks. Just came from the dealership and the MF was the same but they were holding that the 63% residual was for the 10k/year. Between that and a lowball on my trade it broke the deal. Oh well. Try again after the weekend at a different dealer. Do you know if there are any changes for August? Am I correct that to get to 15k from 12k it is 1% difference? Thanks
  • kyfdxkyfdx Moderator Posts: 227,566
    kiltman said:

    Thanks. Just came from the dealership and the MF was the same but they were holding that the 63% residual was for the 10k/year. Between that and a lowball on my trade it broke the deal. Oh well. Try again after the weekend at a different dealer. Do you know if there are any changes for August? Am I correct that to get to 15k from 12k it is 1% difference? Thanks

    2% difference between 12K/yr and 15K/yr.

    Won't have the August numbers until August. The current program runs through Monday, August 1st.

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  • imnotdavezimnotdavez Member Posts: 1
    Hi, just got back from the Land Rover dealership (Land Rover Marin) and would love some feedback. I'm looking at a 2016 Evoque SE Premium that has a MSRP of $51,314. Was told that I could get $1,000 off plus the $1,000 off from the Summer deal. Does that seem reasonable, or should I push for more off?

    Also, I'm looking at a 33 month / 10K miles lease. I was given a 63% residual value and 0.00071 money factor. Both seem as expected based on previous responses in this thread. But, it's based on $5K due at signing, which includes the $795 acquisition fee, the first monthly payment, plus the rest as a down payment (about $3,600). Is that more than I should put down on a lease? Or would it be better to see if they can take that as a security deposit instead? I asked the salesperson if they did the Multiple Security Deposits like BMW, but he said they didn't (although, he seemed confused about the question).

    Thanks. :smile:
  • MichaellMichaell Moderator Posts: 233,839

    Hi, just got back from the Land Rover dealership (Land Rover Marin) and would love some feedback. I'm looking at a 2016 Evoque SE Premium that has a MSRP of $51,314. Was told that I could get $1,000 off plus the $1,000 off from the Summer deal. Does that seem reasonable, or should I push for more off?

    Also, I'm looking at a 33 month / 10K miles lease. I was given a 63% residual value and 0.00071 money factor. Both seem as expected based on previous responses in this thread. But, it's based on $5K due at signing, which includes the $795 acquisition fee, the first monthly payment, plus the rest as a down payment (about $3,600). Is that more than I should put down on a lease? Or would it be better to see if they can take that as a security deposit instead? I asked the salesperson if they did the Multiple Security Deposits like BMW, but he said they didn't (although, he seemed confused about the question).

    Thanks. :smile:

    First things first .. I'm showing the 33/10 numbers for the SE Premium as 62% and .00011. Dealer can mark up the MF, but the residual is fixed by the bank and cannot be altered. 63% would be for 7,500 miles per year.

    Second, we don't track selling prices, so can't tell you how much of a discount is available. Use the 'make / model / year' pull downs at the top of the page to link to the price tools.

    Last, we don't recommend making any sort of down payment on a lease - that money would be lost if the vehicle is stolen or totaled, and it gives you an artificial sense of the true cost of the lease. That $3600 represents over 4$100/mo on the payment.

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