can you give opinion on this deal I'm getting on RR sport 2019

Yukonjack

2019 Range Rover sport HSE v6 supercharged
state of colorado
msrp $82,000
cap cost $80,105
3.87% 'cost of money'
residual $47,264
I'm confused on cost of money vs money factor vs apr

Yukonjack

forgot to add I'd be paying $3,000 down

Yukonjack

argh, and forgot to add that it is a 15,000 mile per year (wife drives too much)

Michaell

Yukonjack said:

2019 Range Rover sport HSE v6 supercharged
state of colorado
msrp $82,000
cap cost $80,105
3.87% 'cost of money'
residual $47,264
I'm confused on cost of money vs money factor vs apr

Yukonjack said:

forgot to add I'd be paying $3,000 down

Yukonjack said:

argh, and forgot to add that it is a 15,000 mile per year (wife drives too much)

What lease term?

Cost of money looks to be a term to confuse the buyer. If I divide that by 2400 to get the MF, it is .00158.

For the RRS HSE, I don't see .00158 as a MF for any term. The closest I see is .00156 for 33 months.

Ask the dealer for the specific MF they are using; if they continue to use a %, they might be using a 3rd party financial institution.

Yukonjack

sorry for late reply - 36 month term. I'm using a broker so yes I'm betting he can shop financing. I think many people don't have the time or patience to try and squeeze every last dollar out when buying a car so if I know I'm getting at least a solid deal, I can feel better. Ha! GREATLY appreciate your time and expertise.

Michaell

Yukonjack said:

sorry for late reply - 36 month term. I'm using a broker so yes I'm betting he can shop financing. I think many people don't have the time or patience to try and squeeze every last dollar out when buying a car so if I know I'm getting at least a solid deal, I can feel better. Ha! GREATLY appreciate your time and expertise.

Why pay a broker if you're doing your own research on this website?

And, RR dealers are famous (notorious?) for marking up the MF and not giving big discounts from sticker.

Yukonjack

good to know about rr dealers. same feedback that I got from a friend. I hate the car buying process. again, thanks for your knowledge and insight.

Michaell

Yukonjack said:

good to know about rr dealers. same feedback that I got from a friend. I hate the car buying process. again, thanks for your knowledge and insight.

If you hate the process, avoid RR. You'll want to commit a felony when it's all said and done.