My First Lease

Phoenix190604Phoenix190604 Member Posts: 3
edited November 2020 in Land Rover
I am looking to lease a Range Velar looking for leverage in the negotiating. I have a JLR private offer for 10% off MSRP. What is the MF and Residual value for Velar R Dynamic 27407 and any other advice would be welcome.
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  • kyfdxkyfdx Moderator Posts: 269,877
    Phoenix190604 said:

    I am looking to lease a Range Velar looking for leverage in the negotiating. I have a JLR private offer for 10% off MSRP. What is the MF and Residual value for Velar R Dynamic 27407 and any other advice would be welcome.

    R Dynamic S?

    250 or 340?

    What term and mileage allowance?

    2020 or 2021?

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  • Phoenix190604Phoenix190604 Member Posts: 3
    250 36 Months 2020 12k mileage
  • MichaellMichaell Moderator Posts: 266,765
    Phoenix190604 said:

    I am looking to lease a Range Velar looking for leverage in the negotiating. I have a JLR private offer for 10% off MSRP. What is the MF and Residual value for Velar R Dynamic 27407 and any other advice would be welcome.

    Phoenix190604 said:

    250 36 Months 2020 12k mileage

    .00001 and 55%
    $1350 lease cash

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  • Phoenix190604Phoenix190604 Member Posts: 3
    So I purchased the lease they charged me .00101 or 2.4% for the MF and used 55% as residual.

    2020 Range Rover Velar
  • kyfdxkyfdx Moderator Posts: 269,877
    Phoenix190604 said:

    So I purchased the lease they charged me .00101 or 2.4% for the MF and used 55% as residual.

    2020 Range Rover Velar

    The money factor is marked up. The equivalent of 2.4% APR

    Adds about $100/mo. to the payment.

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