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Land Rover Range Rover Sport Lease Questions

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  • jtinternetjtinternet Member Posts: 5
    Hi all,

    I am in the LA area. Below is a current offer from a local dealer:
    ---------------------
    2011 RRS HSE
    MSRP $61,695
    Due at signing $4,000
    First month's payment, tax, title and license fees: ~$2,000
    Money factor: 0.00028
    42 months
    10,000 miles / yr.
    Monthly $699 + tax, which is about 9.75%, or about $68 / month
    -----------------------------------------

    Thoughts on improving this deal? :shades:
  • nicksmu17nicksmu17 Member Posts: 183
    trying to figure out leases on 2011 RR sport...Does anyone have money factor and residuals for top tier credit?
  • jtinternetjtinternet Member Posts: 5
    We were just at the dealership here in SO Cal this past weekend.
    Money Factor 0.00228 from Chase.
    Bank Fee $795
    Residual 58% for 10k miles / year, 57% for 12k/year, 55% for 15k/year
    42 months lease; $4k down. MSRP $61,695. $699 + tax / month for top tier credit.

    Let me know if you have numbers on your end.
  • travispetetravispete Member Posts: 24
    Getting close to pulling the trigger on a 2011 RR Sport with Lux Package in N. Cal.

    MSRP was 67,295
    Selling price 64,174

    Is this an ok deal? Hard to get aggressive pricing.

    Carman, what is the current MF/Residuals on a 10k lease. I have heard .0017/56% on 36 months and .00183/53% on 42 months, but am not sure.

    Thanks.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi travispete According to the latest information that I have seen, Land Rover's July buy rate lease money factor and residual value for a 36 month lease of a 2011 Range Rover Sport Lux with 10,000 miles per year are .00170 and 56%, respectively...right in line with what you have been told.

    The numbers for an otherwise identical 42 month lease are .00183 and I believe 52%.

    The discount that you were quoted looks reasonable to me.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • dunes56dunes56 Member Posts: 1
    I am being told on a RRS GT Limited $70,495 MSRP 12k/36 months That money factor for tier 1 is .00228 and residual is 58%. so deal works out like this sales price $68495 + $795 acq fee, 1st months payment due at signing $1,040.14 per month. If money factor is .00170 then I'm overpaying by about $70 per month. Not sure if they are BSing me?
  • gwagner1964gwagner1964 Member Posts: 1
    I am leasing a 2011 Range Rover Sport Lux. Price and Trade negotiated. Not an experienced leaser. Planning to put $4000 down. 36 month payment is 822.13. 42 month payment is 789.63. Is there anything about the money factor or residual that would cause you to prefer the 36 month lease over the 42 month lease?
  • tcmotorcity1tcmotorcity1 Member Posts: 1
    Could you please tell me the current rate and residual for a 10K/36 mo lease on a 2011 and 2012 Rover Sport? Thanks.
  • moovenmooven Member Posts: 1
    Hey Carman,

    Could you please tell me the MF/Residual on a RRS supercharged, 36 months 12k/15K Lease?

    Thanks
  • ihitcowsihitcows Member Posts: 74
    Car_man, I think it's time we all know: What's the January buy rate lease money factor and residual percentage for a 36-month lease of a 2012 Land Rover Range Rover Sport Lux with 12,000 miles per year?

    Much appreciated.
  • rubin72rubin72 Member Posts: 20
    I'm about to lease a 2012 Range Rover Sport HSE. I want to know if this is a good deal?!?!

    Here's the best deal I can find:

    MSRP = $63,145
    48-months
    15k miles/year
    ZERO Cap Cost Reduction
    Including Tax (9% in PA)
    Only out-of-pocket are startups (~$1k)

    $850/month
  • rubin72rubin72 Member Posts: 20
    48-mo Lease Details:

    MSRP = $63,495
    Sale Price = $61,000
    MF = .00123 (2.95%)
    Resid. = 48%
    Bank Fee = $895
    15k miles/year
    Cap Cost Reduct = ZERO
    Startups = 1st month payment + Tags

    $850/mo
  • dbagdadidbagdadi Member Posts: 12
    Hi Carman,

    Please give us the details for this month.

    Thanks.
  • donchardonchar Member Posts: 56
    No love from Mr. Carman on this forum. :cry:
  • crazytedcrazyted Member Posts: 3
    CarMan,

    Can I get March Residual and MF on A Range Rover Sport Hse Lux for both 36 and 48 months at 12k a year.

    Thank you.
  • jjericojjerico Member Posts: 6
    Considering doing a one time lease payment on a 2012 Range Rover Sport Limited Edition. The sticker is $71050 and dealer is willing to give $1000 off sticker. They said residual is around $41K but want me to pay close to $40K for a 36K month lease with 10K miles. Does this make sense? Tax rate is 8.75% so it doesn't seem to add up. Any suggestions would be appreciated.
  • a4epa4ep Member Posts: 1
    This sounds about right. I just did a 36 month lease on an RRS HSE and the residual is 58% with a money factor of .00220 (5.28%). This was tier 1 credit rate through Chase.

    Assuming a small discount on the money factor for the one time payment and you are right on target.
  • ihitcowsihitcows Member Posts: 74
    Your residual is correct for 10k/year, but I think the money factor you were quoted is marked up...

    I'm just reverse calculating the lease offer Land Rover has on their official site, which is a 36 month, 10k/year lease for $799/month with $3,995 "due at signing," with an MSRP of $63,145 and a projected residual value of $36,624 (58% of MSRP).

    The HIGHEST the money factor could be is .001809 (which doesn't look right). It gets lower if you include first month's payment in the "due at signing" figure.

    Car_man! Little help? What ARE the real rates?? And are the rates any different for the LUX trim?

    Thanks.
  • ihitcowsihitcows Member Posts: 74
    On the serious. What's the dilly-o on a 36-month, 12k/year lease of an HSE LUX? I can do my reverse calculating shenanigans all I want on the example lease provided on the Land Rover web site, but I really don't know if those figures apply to the lease of a LUX! Oh no!
    So, at the moment, my guesstimations are relying on a residual of 57% and an MF of .0022 (I'm trying to play on the conservative side).
    . . . Does Land Rover Financial/Chase/whotheheckever provide an option to waive acquisition in exchange for raising the money factor?

    If an auto consumer falls in an Edmund's forum and no one's around to hear it, does it make a sound?
  • donchardonchar Member Posts: 56
    Car_Man...a little help on this thread??

    RRS SuperCharged....Resid / MF etc??

    Thank you~~~!
  • leasebuster56leasebuster56 Member Posts: 2
    Can only comment on the HSE ... 36 mos, 12K per year ... money factor is .00194 and resid is 56%.
  • ihitcowsihitcows Member Posts: 74
    Cool! Does that apply to the LUX, too?
  • leasebuster56leasebuster56 Member Posts: 2
    not positive as i didn't get the LUX ... i don't think the numbers are different though
  • smitf7smitf7 Member Posts: 15
    I enquired about leasing a RRSHSELUX. This dealer knows what price I can get away from him (out of state dealer) and indicated that he would not be beat on price. However am being quoted a 39 mos lease with 10k miles MF of .00184 and a terrible residual of 53%. Based on past posts this residual seems awful low. Also, will residuals go up/ MF go down in july/aug/sept for 2012 models? I recall that last year, july 2011 terms were money factor and residual value for a 36 month lease of a 2011 Range Rover Sport Lux with 10,000 miles per year of .00170 and 56%. Car_man help? My current vehicle lease ends late august. So am flexible in when to get my new RRS but was hoping to have it for late july or early august so i can start enjoying it this summer. When should I sign the lease contract? Thanks.
  • smitf7smitf7 Member Posts: 15
    24/.00228 36/.00177 39/.00184
    RRS HSE 59 54 52
    RRS HSE LUX 58 53 51
    RRS SC 55 50 48

    24/.00134 36/.00158 39/.00166
    RR HSE 58 49 47
    RR HSE LUX 56 47 45

    Add 2% to residuals for 10K miles, numbers above for 15K. CUrrentl with a ton of manufacturer's rebate, an HSE can be leased with 3K cap cost reduction for 899+tax, an 80K MSRP car.
  • donchardonchar Member Posts: 56
    thank you. Will see check out this weekend.
  • donchardonchar Member Posts: 56
    anyone know if current lease/finance offers on HSE models can be applied to SC model equivalents?
  • smitf7smitf7 Member Posts: 15
    current lease/finance offers on HSE models cannot be applied to SC model equivalents?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi donchar. Smitf7 is correct. The lease program for the SC models is different than it is for HSE models. For example, Chase's May buy rate lease money factor and residual value for a 36-month lease of a 2012 Range Rover Sport SC with 15,000 miles per year are .00188 and 50%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • smitf7smitf7 Member Posts: 15
    Car_Man, hi, my current lease expires lat august. I dont mind picking up my new car a RR or RRS as early as July, buut want to take advantage of massive incentives on RRs and the better lease terms on RRS. Do you think I should wait till August, or will July be probably as attractive. Dealers claim that ordering one now will deliver a 2013 but I dont see anything about 2013s anywhere (as far as differences). I am confident I can get the RRS at or near invoice regardless, and the RR would be many $$$$ below invoice since 2013 will be brand new models. SO its really the residual and lease rates. I did a search and AUg and Sep rates of last year are available on ride with g website and tehy are better than May rates for example. What to do? what to do?
  • falakfalak Member Posts: 1
    edited May 2012
    hey carman and fellow members
    im looking to get a new RRS and recently have been quoted the following

    RRS HSE LUX with premium audio, sattelite radio, ebony headliner, black trim, and differential
    MSRP 68495
    INVOICE 63107
    36/mo lease 12k miles 0.00177 MF

    the dealer is giving me 2500-3000 off the sticker. the final quoted payment comes out to be $1130 including tax with just $1700 drive off (im not sure what that consists of). they also offered a 48 month deal with tax included payment of $1040 with same drive off. how is this deal? can someone shed some light to this? the dealer did say that their absolute best offer would be 4k off the sticker and thats it no more. another thing to keep in mind is that i'd rather not purchase the headliner, black trim, and differential which combined saves me $1250 on the sticker but we just did a some number crunching on a model they had on the lot. they didnt have my prefered build on the lot and the dealer was unwilling to special order one.

    in my opinion this car can be had at invoice since the bigger RR will be redesigning soon making the sport look a bit outdated even though they might not be the same vehicles, they are twins afterall. when i do my own calculations, a RRS LUX with just premium audio and satelite of $67245 MSRP sold at invoice of $61970 for a 36/mo 12k miles should come out to a payment in the low 900s including tax. am i right or wrong? thanks guys
  • mi7mi7 Member Posts: 31
    Hi guys,

    Please help me out. I'm in SoCal and tried working with a dealer in north CA and was told they don't lease outside of the dealer's region? What the heck? Since when?

    Also I got the following offer, please let me know if this is a decent deal :

    2012 HSE base MRSP 62k
    Lease is for 48 months @ 10k miles per year
    $1,500 drive off
    $830/ month (tax included)

    I think selling price is $57k
  • awf_axisawf_axis Member Posts: 136
    I've been leasing vehicles since the early nineties. You'll always find someone who will say they've done better, but when it comes to my best negotiations, I would say (opinion) this deal you have isn't bad.

    We just let go of an Audi Q5 with a 36 mo lse, where we were paying $765/mo (California). It had a $1200 drive off. Neg price was $42 before tax.

    I purchased our '11 RRS, and it had payments over a $1k mo.
  • mi7mi7 Member Posts: 31
    thanks i was thinking selling price is decent if i were to purchase but as far as lease, the monthly payment is a bit high for 48 months, granted im not putting down 5k
  • RNGRVR18RNGRVR18 Member Posts: 8
    Anyone know the lease rates for July 12 on a RRS HSE. I'm told 56/.00194 for a 36yr/10k.

    Thanks
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey camy2079. Chase's July buy rate lease money factor and residual value for a 36-month lease of a 2012 Range Rover Sport HSE with 10,000 miles per year are .00194 and 57%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • delidude65delidude65 Member Posts: 1
    Need to run this deal by you:

    2013 RRS HSE with MSRP of 63595.

    Selling to me at 62057 AND includes absorbing my last 3 BMW payments of $2080 total.

    $5000 total drive off includes cap reduction and first months payment.

    12K miles/year and 36 months

    Payment is $908 month including sales tax of 8.25% ($840/net)

    this was emailed so I don't know the MF yet but I believe it's a 59% residual through US Bank.

    I was thinking it was too high but now after researching I think it's a good price.

    Thoughts?
  • mi7mi7 Member Posts: 31
    Hi car man, can you please provide august buy rate and residual value for Chase on a 10k @ 36 months and 10k at 48months on a 2012? Thank u...
  • jps1010jps1010 Member Posts: 19
    Hi Car_man,

    When you get a chance can you please let me know what the money factors and residuals are for the 2012 Ranger Rover Sport? I am looking at 12K miles per year and 36 months.

    I would like to get it but only want to do so when the numbers make the most sense.

    Thanks again.
  • donchardonchar Member Posts: 56
    RRSSC MF are at 0.00328 for 2013s compared to 0.177 for 2012s?

    can Carman confirm? seems incredibly high. Residuals are 59% for 10K which seems to offset but still the MF seems steep.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi delidude65. It looks to me as though you're probably at around $1,700 or so over dealer invoice after taking your remaining payments into account. I am not intimately familiar with what the market is like for the '13 Range Rover Sport right now, but there is some room to play with there. Have you tried comparison shopping at all?

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mi7. Chase's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Range Rover Sport HSE with 10,000 miles per year are .00119 and 57%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical 48-month lease are .00140 and 48%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    edited August 2012
    Hi jps1010. Please see my previous posts for the information that you're looking for.

    The residual value for a lease with only 12,000 miles per year would be 1% lower than the 10,000 mile per year residual value.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi donchar. Those numbers are actually about right. As you can see, Land Rover really is not providing any lease support on the 2013 model yet.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • mibnymibny Member Posts: 14
    Its amazing how early Land rover came out with their RRS 2013. It was really late in the year when they showed their 2012. But of course we know that the 2014 RRS will be redesigned so thats why they pushed their 2013 early and trying to get rid of their 2012's
  • irishladdyirishladdy Member Posts: 19
    Hi Carman and fellow members,

    I am looking to get a 2013 RRS HSE Lux and am interested in a lease. I would like to know what the money factor and residuals are on both a 24 month 12k/year & 36 month 12k/year lease. I would also like to know how much I could expect to get off MSRP on a "fair", "good" and "amazing" deal on this vehicle.

    The 2013 RRS HSE LUX I am looking at has Premium audio with satellite radio, vision assist, rear seat entertainment, ebony headliner and Tan Oxford interior leather with Ivory headlining.

    MSRP $70,945

    Thank you!

    p.s. - I am located in the Northeast Market
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Greetings irishladdy. Chase's September buy rate lease money factor and residual value for a 24-month lease of a 2013 Range Rover Sport HSE LUX with 12,000 miles per year are .00232 and 67%, respectively for consumers who qualify for its top credit tier.

    The numbers for n otherwise identical 36-month lease are .00271 and 58%.

    I am not personally all that familiar with what the market is like for the '13 Range Rover Sport right now, but if I was in the market for one, I'd probably shoot for $1,000 or so over invoice.

    Car_man
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  • mralburymralbury Member Posts: 6
    edited October 2012
    I'm interested in leasing the 2013 RRS Super Charged. This will be the first lease that I've negotiated so I'm unsure how best to go about everything.

    The MSRP is $78,945 (SC w/ black lacquer trim, vision assist package, and audio package.) I haven't negotiated with the dealer yet so if someone could point me in the direction of another thread/forum/website that could give me some help, I'd appreciate it.

    Also, I've seen the money factor and residual value mentioned, and was wondering what October's rates would be for a 24 months/10k and 30 months/10K would be. I'm located in the Boston metro area.

    Thanks for your help!
  • mralburymralbury Member Posts: 6
    Hi Car_man,

    Could you help with the following lease information?:

    MF and residuals for Range Rover Sport Supercharged: 24 mos/10K and 30 mos/10k

    If you could also provide the MF and residual for the HSE Lux for the same terms I'd really appreciate it.

    Thanks for your help!
  • vascovasco Member Posts: 18
    PLEASE LET ME KNOW WHAT YOU THINK ABOUT THIS DEAL?
    Vehicle Price: $63,995.00
    Market Savings: - $2,575.00
    SmartChoice Price: $61,420.00

    Sales Tax (estimate): + $4,767.69
    Tire/Battery/MVWEA: + $8.75
    Tag/Registration Fees (estimate): + $470.00
    Other: + $29.00
    Flat Add/County Fee: + $10.00
    Electronic Filing: + $18.60
    Smog Abatement Fee: + $20.00
    Documentation Fee: + $80.00
    Balance Due (estimate): $66,824.04
    No Trade-In
    LEASE OPTIONS
    Cash Due 48 months
    12,000 Miles
    $1,500 $812
    $2,500 $789
    $4,000 $755
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