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Land Rover Range Rover Sport Lease Questions
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Comments
you can not combine this cash with land rovers residual [(24 mo., 10k miles = 65%) & low MF (0.00165) -12k miles = 64%, 15k is 62%]
With that low payment you have, I'm pretty sure they used the 6k cash in your deal
Thx!
The rates & MF are worse at 36 mo.
The numbers for an otherwise identical lease of an '08 Range Rover Sport SC are .00082 and 59%.
Car_man
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the only way to get that pmt, your cap cost on the car would have to be approx 53850.
invoice is 57700, I don't see an RR dealer selling you that car $4k back of inv
Hi there. Does anyone have the info on the residuals and money factors and extra fees (like acquisition fees) for a RR Sport Supercharged for 36 months? I am in CA.
Car_man
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Car_man
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only question is should I buy any of the extra's outside of the wheel package they offer ...Is the resistall worth it for ivory interior?
where is the dealer located?
Car_man
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LR Capital has $9k ATS cash, it can only be used with a 3rd party leasing company.
US Banks 36 mo res is around 33%
Chase Financial's 24 mo res is 60-63% but MF is .00515
LR Capital's 24 mo res is around 53% with a MF of .00390, if you're willing to go 48mo, then the MF drops to .00350
Lease a used (lease return) 06 RRS or RRS SC, for now, that's where the value is, till they change the programs!
A month ago, I leased a 06 RRS SC with 28K miles, 24 mo, 12 k miles. It was less expensive to lease than a new 08 RRS
So, television specials usually have fine print rivaling War and Peace in length which is always entertaining to read. But, I just hit pause on my DVR on the offer details screen and there are no shenanigans to speak of for their 60th Anniversary Event. What do you guys think is going on? It is a 4 year lease term which is a year more than is prudent (if there’s anything prudent about acquiring a British automobile). Even so, judging from the previous posts and the preposterous money factors quoted by dealers, something is afoot... The fairly well-optioned X5 I'm comparing it to has a monthly payment of around ~$850/mo for 36 months with nothing due at inception. Here's a transcript of the ad, lifted from the freeze frame:
Sign and Drive $0 DOWN $799/MO*
EXCLUDING TAXES, TITLE AND LICENSE FEES.
2008 RANGE ROVER SPORT HSE, INCLUDING COLD CLIMATE PACKAGE
AND SATELLITE RADIO. 48-MONTH LEASE.
*For well-qualified customers only. Not all lessees will qualify for Land Rover Capital Group lease. Includes Retailer cash from Jaguar Land Rover North America LLC. Payments may vary. Dealer determines price. Residency restrictions apply. For special lease terms, take new retail delivery from retailer stock by 9/30/08. See your participating Land Rover Retailer or call 1-800-FIND 4WD for complete details. (c) Jaguar Land Rover North America LLC.
Thoughts?
There is nothing afoot, LR Capital rates aren't very good, bottom line. They may change tomorrow....who know's!
btw, if you don't like that lease, you can take the 6 or 9k cash & try Chase or US Bank. I'll bet you won't like the rates either.
Right now, unless the programs have changed, it makes more sense to lease a used RR 06 or 07 from LRover Capital
Car_man
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If you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride :shades: !
Car_man
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Car_man
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36 month lease, 15k per year.
MSRP $73450
Sell Price $56900
Doc Fee $225
Acq Fee $795
Residual-36%
12k down payment
State Taxes-3%
Money Factor-.00225
Rate-5.4%
monthly payment-$818.90
Buying is not an option. My accountant wants me to write the lease off as a business expense.
Not sure if you purchased your sport, if you did not I can help you understand the process, and double check your deal for you.
Rover-Guy
Land Rover is not providing lease support on 2008 models any longer.
Car_man
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Is this a good deal?
Looking for Alaskan White with alpaca seats and walnut wood trim luxury package interior and rear entertaintment system with sirius radio. What would be a good deal considering the above?
It is difficult for me to evaluate the specific deal that you mentioned in your post without knowing what the truck's MSRP or dealer invoice price AND its selling price are. The prices of leased vehicle are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how much of a dealer discount you are being given. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will be happy to tell you what they think.
Car_man
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