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

YukonjackYukonjack superior coloradoMember Posts: 5
edited February 2019 in Land Rover
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

Comments

  • YukonjackYukonjack superior coloradoMember Posts: 5
    forgot to add I'd be paying $3,000 down
  • YukonjackYukonjack superior coloradoMember Posts: 5
    argh, and forgot to add that it is a 15,000 mile per year (wife drives too much)
  • MichaellMichaell ColoradoModerator Posts: 193,325
    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.

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  • YukonjackYukonjack superior coloradoMember Posts: 5
    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.
  • MichaellMichaell ColoradoModerator Posts: 193,325
    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.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • YukonjackYukonjack superior coloradoMember Posts: 5
    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.
  • MichaellMichaell ColoradoModerator Posts: 193,325
    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.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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