Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
Land Rover Range Rover Sport Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
thanks.
-$53.3k Dealer Cost;
-$55.4k on the X-plan;
-10,500 miles;
-30 months;
-62% residual and .00315 MF, with 6% sales tax added in;
-Total Payment of $983.
Does this sound right/reasonable? $983 is a significant stretch from the $700 payment being discussed/thrown around elsewhere on these boards - any insights??
Would droping back to a leftover 2006, stepping up to the Supercharged model, or shortening to a 24 or 27 month lease help soften the payment I was quoted? Any help is appreciated - thanks!
anyway, I just closed on a new 2007 Range Rover Sport HSE with luxury package. That is $3000 option, so the total price of the car was around $60,950. I had an A-plan pricing, and I put $1800 down which includes first month plus destination fee, plus RAG fee.
36 month, 12000 miles. My price per month is $929 and that includes 8.5% tax. Residual is 53%, and money factor of .003 and change. I couldn't for the life of me find a better deal than that, and believe me, I tried. If your $983 price is including tax, that's a pretty good deal. I got that quote from a few dealers. Nobody seemed to be able to break the $900 barrier. I think if you want to get to $900 you have to wait until they restock their inventories in a few months. In CA, these cars are very hard to find, so supply is outstripping demand and they can charge you more.
also, the shorter the lease, the more you will pay. they have a term called the "sweet spot" for leases, which right now is the 36 or 39 month. that will get you the best price. also, if you can find a 2006 model, go for it but they are hard to find now. that should get you down to around $900. if you don't want luxury upgrade, you could probably get it around $900. some dude posted here a while back saying he got it for around $896 for 2006. luxury is definitely worth it though, because of the climate control and upgraded leather.
anyway, good luck.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
I got my RR Sport 06 in November for $893/mo., taxes included. 36 months 15K miles with luxury package & blue tooth integration. It was indeed a great deal. But for 2007, what you got is still a fair deal.
Norma
Thanks,
Evan
Yes, it's in California. Land Rover of Anaheim Hills.
I've compared 3 of them in OC.
I leased a Range Rover Sport last year. I feel I may be able
to get a better deal than I have now through Lowermylease.com. Do you know anything about this service?
Thank You
Car_man
Host
Prices Paid Forum
I would be happy to estimate what sort of lease payment you would have if you were to lease this truck, but in order for me to do so I need you to provide me with its full MSRP and approximate selling price. Let me know what these numbers are and I'll run some calculations for you.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
How can I come up with the lease payment, if I know the Money Factor, MSRP, down payment, lease-end buyout,duration of lease & what is Cap reduction tax that is part of out the door price.
Thanks
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
(Net cap cost - residual) / term = monthly depreciation
(Net cap cost + residual) X money factor = monthly finance
Monthly finance + monthly depreciation = monthly payment
Plus tax, of course.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Now I have to decide, whether to lease or buy. Lease will allow me to walk away, if RRS is problamatic, but I feel optimistic @ the quality. N.Y.Times have a good article @ LR2 & increasing quality of Ford's British division.
Sticker: $65,350
Sales price: $63,350
Money factor: .00333
Residual: 57%
Term: 36 months
Are these terms in lines with what you have seen?
Ozzie from Miami
Problem is, I think the MF is insanely high.
I'm doing a 36mo/15K Lease.
MF I'm being quoted is 0.00433.
56% residual.
Doesn't this MF seem high?
Any body know the current MF? Do most dealers add-on to the base MF?
Thanks
There is a place on the certificate where I can sign and transfer it to a friend.
Exact wording on the certificate is as follows:
Save $2000 on a new 2007 Range Rover HSE*
Save $1500 on a new 2007 Range Rover Sport HSE**
Save $1500 on a new 2007 LR3 V8 HSE, SE, or V6 SE
*Offer valid on purchase or lease of a new, previously untitled 2007 Range Rover HSE (excludes Supercharged model) from 4/16/07 to 6/30/07. **Offer valid on purchase or lease of a new, previously untitled 2007 Range Rover Sport HSE (excludes Supercharged model) from 4/16/07 to 6/30/07. Offer valid on purchase or lease of a new, previously untitled 2007 LR3 V8 HSE, SE or V6 SE from 4/16/07 to 6/30/07. Present this certificate to Retailer and take delivery from Retailer stock by 6/30/07. These offers may not be combined with any other private purchase offer. Limit one redemption per household. These offers exclude demonstration vehicles and service loaners. For current lease customers, these offers may not be combined with the Early Lease Termination offer. See Retailer for complete details.
Car_man
Host
Prices Paid Forum
I wouldn't do more then 2,000 dollars on a sport I had in stock unless the buyer offered me some additional incentives.
If the buyer had a really nice trade that I wanted or was a repeat customer I might go more then 2,000 dollars but not much more.
Got it at X-Plan with base MF on the lease.
Car_Man, british_rover: Should I pull the trigger on this deal? :confuse:
How far away is the other dealer? Is it an enclosed trailer?
I am spolied with our own trucks and trailers for swaps so the costs are much less then market price.
I have a guy that does point to point enclosed shipping for me sometimes. His average rate is one dollar per mile for me but he charges other people a little more.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
So I assume that you got them to deal at less than invoice price (because of the $4000 dealer cash provided back then)?
If so, what was the selling price of the car and the money factor you got this for? I am desperately looking for a deal on the RRS HSE and seeing that the 08 models are due soon looking for a similar deal that you were astute enough to get.
Car_man
Host
Prices Paid Forum
I see that you are considering making a $7,000 to $8,000 down payment on your lease. Even though your monthly payment would be higher, you would be better off going with a zero down lease and keeping that money in the bank. I always advise consumers against making large down payments on leases. Those who do risk losing all of part of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. There's nothing wrong with trading in your Hummer when you lease your new Land Rover, just have the dealer cut you a check for any equity that you have in it rather than using the proceeds as a down payment. If you are upside down on your trade, you will either have to pay that money out of your own pocket or roll your negative equity into your new lease.
Car_man
Host
Prices Paid Forum
You're right that generally speaking the longer a lease is, the lower its monthly payment will be. This is because new vehicles experience their most rapid depreciation during the first year of ownership. The longer a lease is, the more payments there is to spread out the large initial depreciation hit out over. From time to time certain manufacturers will provide extra lease support on 24 month leases to encourage the leasing of select models for a shorter term, but more often than not short leases are more expensive than long ones.
Car_man
Host
Prices Paid Forum
Car_man
Host
Prices Paid Forum
Also think how many more E350s Merc sales compared to Range Rover Sports. I bet Mercedes sales more E-classes in the US then Land Rover sells vehicles period. All of that volume allows them to put support behind the vehicle that Land Rover can't and/or won't do.
The reason dealers aren't discounting 2007 RRS is because there are not many out there.
I think I even said this would happen back last year when people asked of the 2007 MY discounts would equal the 2006 MY discounts. With 2007 MY being a short production run I didn't think there would be the need to discount the 2007 MY vehicles like the 2006 MY cars were.
At the end of the 2006 MY Land Rover put 4,000 dollars of marketing support behind the RRS. So far Land Rover has not put a penny of support behind the 2007 MY RRS.
Some dealers are sold out of 2007 Sports. I am.
I just checked in new england and right now there are 112 HSE Sports showing unsold in dealer inventories. There are only 40 SC Sports unsold in dealer inventories. That is only about 11 sports per dealer if you divide them all evenly which of course they are not because some of the dealers are HUGE and some are very small.