2016 Land Rover Evoque Lease Questions

arlingtonman

Currently evaluating a 39-month lease option for a 2016 Land Rover Range Rover Evoque SE Premium.

Sticker: $50,540
Dealer Price: $46,880

Lease Option:
$279.00 per month + taxes = $304.11 monthly payment

$3,995.00 down payment + $795.00 acquisition fee + first month's payment, retailer fees, taxes, tile, and registration fees = about $5,900.00 to take it off the lot

$0 security deposit

32,500 miles included; excess miles $0.30/mile

"Payment based on MSRP of $50,712" (should this be based on the dealer price instead?) with residual value of $29,413.

Seems like a pretty attractive deal to me; is there something I'm missing?

Michaell

arlingtonman said:

Currently evaluating a 39-month lease option for a 2016 Land Rover Range Rover Evoque SE Premium.

Sticker: $50,540
Dealer Price: $46,880

Lease Option:
$279.00 per month + taxes = $304.11 monthly payment

$3,995.00 down payment + $795.00 acquisition fee + first month's payment, retailer fees, taxes, tile, and registration fees = about $5,900.00 to take it off the lot

$0 security deposit

32,500 miles included; excess miles $0.30/mile

"Payment based on MSRP of $50,712" (should this be based on the dealer price instead?) with residual value of $29,413.

Seems like a pretty attractive deal to me; is there something I'm missing?

That looks like an ad, not an actual offer. The down payment is masking $100/mo on the payment, so closer to $400/mo.

You can probably negotiate a better price on your own.

clearbrook

In their "current offers" Land Rover is offering the following for the 2016 Evoque SE Premium: 39month lease; 32,500 miles (seems very low); based on MSRP of $46,670 and residual of $27,069; $3495 due at signing includes $2,291 down, $0deposit, $795 acquisition, 1st months pmt, but EXcludes tt&l; IS that a good deal? What would the MF be on this offer? Thanks!

clearbrook

PS - forgot to mention above that payments are $409 per month

kyfdx

clearbrook said:

In their "current offers" Land Rover is offering the following for the 2016 Evoque SE Premium: 39month lease; 32,500 miles (seems very low); based on MSRP of $46,670 and residual of $27,069; $3495 due at signing includes $2,291 down, $0deposit, $795 acquisition, 1st months pmt, but EXcludes tt&l; IS that a good deal? What would the MF be on this offer? Thanks!

32,500 miles is 10K/yr.
.00009 MF and 58% residual for 39/10.

The national deal I show is for $3495 upfront and $379/mo, not $409/mo.

bri1275

Can I get the December MF and residual on a 2016 SE?

Local dealer advertising $364 per mo for 36/10 and $4,830 down.
Only info they have on website.

Thanks

kyfdx

bri1275 said:

Can I get the December MF and residual on a 2016 SE?

Local dealer advertising $364 per mo for 36/10 and $4,830 down.
Only info they have on website.

Thanks

.00001 MF and 58% residual for 36/10
.00014 MF and 58% residual for 39/10

jgoal5577

Hello...can you please provide January lease rates for an Evoque HSE, 12k, 36mo (or 39 if better), in Florida?

kyfdx

jgoal5577 said:

Hello...can you please provide January lease rates for an Evoque HSE, 12k, 36mo (or 39 if better), in Florida?

.00082 MF and 55% residual for 39/12.

toade

Could you please post January's rates for Evoque SE Premium, 39/10 and 39/12? Thanks so much!

Michaell

toade said:

Could you please post January's rates for Evoque SE Premium, 39/10 and 39/12? Thanks so much!

Assuming 5-door, .00009 and 58% / 57%

toade

Ok, last one... HSE 5-door, 39/10 and 39/12 for January

Michaell

toade said:

Ok, last one... HSE 5-door, 39/10 and 39/12 for January

58% / 57% and .00001

toade

Can you post the February rates for 2016 HSE 5-door, 39/10 and 39/12? Thanks!

kyfdx

toade said:

Can you post the February rates for 2016 HSE 5-door, 39/10 and 39/12? Thanks!

.00221 MF and 51%/50% residual

toade

WOW. So it it dropped from .00001 and 58/57 to that?!?! Good lord. They are never going to lease them at those rates.

toade

Can you give me 2016 SE Premium rates as well? Hoping they didn't drop as much.

toade

Actually, could you give me:
HSE 5-door: 33/10 and 36/10
and SE Premium: 33/10 36/10 39/10

Thanks!

Michaell

toade said:

Actually, could you give me:
HSE 5-door: 33/10 and 36/10
and SE Premium: 33/10 36/10 39/10

Thanks!

Yep, looks like LR has dropped support on the 2016 Evoque

.00221 MF for 33/36/39 months for all 2016 Evoques

Residuals 33/10 36/10 39/10
HSE - 52% 52% 51%
SE Prem - 55% 54% 53%

toade

Do the rates ever change mid-month? I just got a quote and price sheet from a dealer for a 2016 SE Premium with a residual of 58% and MF of .00016.

You still showing .00221 and 53% for 2016 SE Premium?

kyfdx

toade said:

Do the rates ever change mid-month? I just got a quote and price sheet from a dealer for a 2016 SE Premium with a residual of 58% and MF of .00016.

You still showing .00221 and 53% for 2016 SE Premium?

For 36/12, yes.. that's what we show.

Could be a 3rd party lease, but I feel sorry for that bank, if so.

toade

Can you post the new lease rates for the 2016 5 door HSE? Just curious if they came back down. 

33/36/39 10 month.  

Thanks. 

kyfdx

toade said:

Can you post the new lease rates for the 2016 5 door HSE? Just curious if they came back down. 

33/36/39 10 month.  

Thanks. 

.00224 MF and 51%/52%/50% residual

crzyaim

Can you please post 2016 residual and MF in CA for 5 door HSE Dynamic for 12/15 miles yr for 36 mos. Do you think its better to lease a 2017 at this point in the year? Thanks.

kyfdx

crzyaim said:

Can you please post 2016 residual and MF in CA for 5 door HSE Dynamic for 12/15 miles yr for 36 mos. Do you think its better to lease a 2017 at this point in the year? Thanks.

.00224 MF and 48%/46% residual

The incentives/discounts on the 2016 would have to be massive, to overcome the deficiencies in the lease program, compared to the 2017 model.

njcruise

Hi. Please provide the RV and MF in NJ for 2017 Range Rover Evoque SE; 12k miles; 36 mth. lease.

Thank you.

kyfdx

njcruise said:

Hi. Please provide the RV and MF in NJ for 2017 Range Rover Evoque SE; 12k miles; 36 mth. lease.

Thank you.

.00074 MF and 59% residual

_demiglace

Hey Kyfdx,


Can you please provide numbers for Evoque SE Premium in CA?

36/10
39/10

Thank you

Michaell

_demiglace said:

Hey Kyfdx,


Can you please provide numbers for Evoque SE Premium in CA?

36/10
39/10

Thank you

We do not have any 2016 Evoque lease information, this month.

kyfdx

_demiglace said:

Hey Kyfdx,


Can you please provide numbers for Evoque SE Premium in CA?

36/10
39/10

Thank you

.00219 MF and 54%/52% residual for 36/39 months.