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2020 Range Rover Evoque. Good Deal or Not.

boston2020boston2020 NebraskaPosts: 10
edited December 2019 in Land Rover
I'm trying to figure out if this is a good deal or not. Like to know what the money factor is. Range Rover Evoque R-Dynamic HSE. MSRP $68,454.00. Sale Price $67,454.00. 39 mo lease $5,000 down $780 mo. Residual Value $37,650. 15K Mileage. If not, what would be considered a good deal?

Comments

  • kyfdxkyfdx Posts: 148,108

    I'm trying to figure out if this is a good deal or not. Like to know what the money factor is. Range Rover Evoque R-Dynamic HSE. MSRP $68,454.00. Sale Price $67,454.00. 39 mo lease $5,000 down $780 mo. Residual Value $37,650. 15K Mileage. If not, what would be considered a good deal?

    .00016 MF and 55% residual
    $1000 winter bonus

    With the rebate, basically full MSRP.

    They have cut the money factor markup down some. It appears to be marked up to just .00036 MF. Of course, the payment is much lower than the last quote, because you are putting $2500 more, upfront.

    I'd want 5% off MSRP, minus the incentive, and the base MF.

    That would be $736/mo, with just $2500 Due at Signing.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • boston2020boston2020 NebraskaPosts: 10
    Ok. Say, I forgot to mention the $780 included tax. I also forgot to mention they are waiving the $960 due at signing. So, basically, the $960 would come out of the $5,000. How does that change your perspective?
  • boston2020boston2020 NebraskaPosts: 10
    One more update on this. My current lease is up in May. I owe $1,800. It's with Infiniti. I just received these from Land Rover sales person. The down payment he is referring to would be the $5,000. How does this adjust your perspective on the deal?

    1.You can put your down payment less the amount of the remaining payments and payoff the remaining balance and turn the vehicle in early.

    2.We can roll the payments in and you put the original amount down and we cut you back a check that pays the remaining payments off and turn the vehicle.
  • boston2020boston2020 NebraskaPosts: 10
    Just checking back on the additional details provided.
  • kyfdxkyfdx Posts: 148,108
    edited December 2019

    Just checking back on the additional details provided.

    I accounted for tax in my numbers, and assumed the first payment came out of the $5000.

    In any scenario they've given you, you are eating those payments, and will be liable for any end-of-lease charges on your Infiniti. Why not just ride out your lease, instead of throwing that money away?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 148,108
    @boston2020

    Forum etiquette: Post your question or observation, then wait for a reply. It might be hours or days. Don't start a new discussion. Please exercise some patience.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • boston2020boston2020 NebraskaPosts: 10
    Will do. Say, working with the sales person. They have modified their deal. Range Rover Evoque R-Dynamic HSE. MSRP $68,454.00. Sale Price $67,454.00. 33 mo lease $5,000 down $790 mo. Residual Value $37,650. 15K Mileage. $1,000 back to me for Infiniti early payoff. They are also taking the acq fee out the sale price. Also, covering the due at signing amount of $960. Good deal? Any suggestions if not?
  • boston2020boston2020 NebraskaPosts: 10
    Sorry for the rush. Just trying to wind this up date if there is a deal to be had. Really appreciate your assistance.
  • kyfdxkyfdx Posts: 148,108

    Will do. Say, working with the sales person. They have modified their deal. Range Rover Evoque R-Dynamic HSE. MSRP $68,454.00. Sale Price $67,454.00. 33 mo lease $5,000 down $790 mo. Residual Value $37,650. 15K Mileage. $1,000 back to me for Infiniti early payoff. They are also taking the acq fee out the sale price. Also, covering the due at signing amount of $960. Good deal? Any suggestions if not?

    Same suggestion I had before:
    I'd want 5% off MSRP, minus the incentive, and the base MF.

    That would be $736/mo, with just $2500 Due at Signing.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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