2016 RR Sport HSE Diesel Lease - NEVER LEASED HELP!!

tfcwifey

Hello,
Need a new truck ASAP. Never leased before ( all seems sooo confusing), but we decided to do it this time because we always like the latest and greatest of technology. So we found a Demo today with the following features.

2016 RR Sport HSE Diesel Dealer Demo (Manager's truck)
Corris Grey - Black Interior
4767 Miles
Has Front Climate & Visibility Package, Vision Package, 825 Watt Meridian Premium Audio, Sliding Panoramic Roof, Ebony headliner, 20" Style 520 Black Wheels, Heated Windscreen, Grand Black Lacquer Wood Trim, RR Sport Protection Package, Wheel lock Pack, Roof Rack/Cross Rails, Bike Carrier
MSRP $80,316
Plus extras above $4,081
$84,397
Demo Discount $6,000
Giving another $1,000 off cause my husband is a Trooper
Selling Price $77,397
They want $8,859.51 Down (that includes Reg, Doc Fee, Cap Cost Red, Taxes on Cap Cost Red, First month Payment, Bank Fee, Taxes on Bank Fee and Sales Tax)
Customer Rebate From Land Rover of $1,500
So monthly payment for 39 months with 12,000 miles a year is $760.58

Is that a good deal???? The truck looks amazing!!!! Thanks for any help!!

Michaell

tfcwifey said:

Hi, Michaell,

We are in CT and it's 6.35%

The break down of the $8,859.51 is as follows: that says COD (Cash on Delivery)
M.V. Registration $175
Doc Fee $607.71
Cap Cost Reduction $5,995
Taxes on Cap Cost Red $464.61
Security Deposit $0
First Payment $760.58
Bank Fee $795.00
Taxes on Bank Fee $61.61

Also, they offered a $38 monthly fee that we can add on to our Monthly payment incase we ruin any of the black rims they will cover it and also provides road side assistance. Not sure if it's worth it. The rims are super expensive, over $1000 each.

Thanks for your help and I will check out the link you provided.

Our suggestion is to limit the up front costs to just the first payment and registration costs - add everything else into the monthly payment. Yes, you'll have a higher payment but if the car is stolen or totaled, you won't lose that up front money.

Range Rovers are expensive to lease under the best of circumstances.

Michaell

tfcwifey said:

Hello,
Need a new truck ASAP. Never leased before ( all seems sooo confusing), but we decided to do it this time because we always like the latest and greatest of technology. So we found a Demo today with the following features.

2016 RR Sport HSE Diesel Dealer Demo (Manager's truck)
Corris Grey - Black Interior
4767 Miles
Has Front Climate & Visibility Package, Vision Package, 825 Watt Meridian Premium Audio, Sliding Panoramic Roof, Ebony headliner, 20" Style 520 Black Wheels, Heated Windscreen, Grand Black Lacquer Wood Trim, RR Sport Protection Package, Wheel lock Pack, Roof Rack/Cross Rails, Bike Carrier
MSRP $80,316
Plus extras above $4,081
$84,397
Demo Discount $6,000
Giving another $1,000 off cause my husband is a Trooper
Selling Price $77,397
They want $8,859.51 Down (that includes Reg, Doc Fee, Cap Cost Red, Taxes on Cap Cost Red, First month Payment, Bank Fee, Taxes on Bank Fee and Sales Tax)
Customer Rebate From Land Rover of $1,500
So monthly payment for 39 months with 12,000 miles a year is $760.58

Is that a good deal???? The truck looks amazing!!!! Thanks for any help!!

Ask for the specific breakdown of the $8800 due at signing.

What state and tax rate is this?

Suggest you take a look at the articles on this site to help you understand leasing:

https://www.edmunds.com/car-leasing/

tfcwifey

Hi, Michaell,

We are in CT and it's 6.35%

The break down of the $8,859.51 is as follows: that says COD (Cash on Delivery)
M.V. Registration $175
Doc Fee $607.71
Cap Cost Reduction $5,995
Taxes on Cap Cost Red $464.61
Security Deposit $0
First Payment $760.58
Bank Fee $795.00
Taxes on Bank Fee $61.61

Also, they offered a $38 monthly fee that we can add on to our Monthly payment incase we ruin any of the black rims they will cover it and also provides road side assistance. Not sure if it's worth it. The rims are super expensive, over $1000 each.

Thanks for your help and I will check out the link you provided.