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Land Rover Range Rover Lease Questions

193 messages,  Last post on Nov 20, 2008 at 7:52 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Land Rover Range Rover, Car Leasing, SUV


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#116 of 193
2008 Range Rover Sport Residual and MF by kerb
Nov 13, 2007 (11:27 am)
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Carman, would be so kind as to provide me with the residual and MF on the above referenced vehicle for 24, 30 and 36 months. Additionally, are you able to confirm that the acquisition fee is $595 and if there is an additional $700 in advertising fees, etc. on each vehicle. Furthermore, are there any incentives in terms of certificates from Land Rover (similar to the $1500 certificates for the '07) models or marketing support. Finally, when do these residual and MF figures change?
 
Many Thanks,
 
Steve
#117 of 193
RR SC Lease pricing by potter7
Nov 14, 2007 (6:27 pm)
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As a loyal RR buyer ready for my 5th truck I am trying to get a fair deal on my next lease. Unfortunately my experiences have been less then customer oriented with two deals ready to go then off the table and/or the truck that was ready for me is now gone. Regardless I just want to find a fair deal and am lost as to how to do that with RR dealers as they are all over the place with pricing. One says I cant touch a 36 mos 15k mile lease on a $93 msrp Rover with $2500 down for under $2000/month then another says $1389 yet neither have returned my call to even see if I want to do it. I guess none of the Dealers read the press about Rovers and that they are not exactly the best vehicles out there...regardless I am a tall guy and I fit well in the truck so I want to stick with one. How do I find a good deal and what is a good deal on this truck?
#118 of 193
Re: 6 Month Early Out on Current Lease [rdnyc1] by Car_man HOST
Nov 26, 2007 (2:59 am)
Reply

Replying to: rdnyc1 (Nov 10, 2007 8:56 am)

Hi rdnyc1. You may be able to get an idea of what sort of selling prices others are paying for Range Rovers right now by visiting the following discussion: "Land Rover Range Rover/Sport Prices Paid and Buying Experience". As far as this truck's lease program goes, its money factor will vary depending upon how long you lease it for. Land Rover Capital Group's current 36 month buy rate for an '08 Range Rover SuperCharged is currently .00228. I would be happy to use this truck's current lease program to estimate what your monthly payment would be on this truck right now if you provide me with an approximate MSRP and selling price for the exact model that you want.
 
I suspect that the Wear Care coverage that you paid for would still cover the damage to the truck that you are currently leasing, even if you opt out of your deal early, but you should check with a dealer to make certain that it will.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#119 of 193
Re: 2008 Range Rover Sport Residual and MF [kerb] by Car_man HOST
Nov 26, 2007 (3:08 am)
Reply

Replying to: kerb (Nov 13, 2007 11:27 am)

I'd be happy to help you out, kerb. According to the latest information that I have seen, Land Rover Capital Group's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Land Rover Range Rover Sport HSE with 15,000 miles per year are .00247 and 67%, respectively. The numbers for an otherwise identical 30 month lease are .00261 and 63%. The numbers for an otherwise identical 36 month lease are .00291 and 53%. If you want to lease with only 12,000 miles per year, add 2% to these vehicles' residual values. I believe that this lease program is scheduled to run through the end of the year.
 
Land Rover Capital Group charges a $595 acquisition fee on every vehicle that it leases. I'm not sure what sort of advertising fees Land Rover charges, but I try not to let dealers cloud the big picture with fees anyhow. You are better off getting quotes from a couple of dealers and comparing the out-the-door selling price of the Range Rover Sport that you want.
 
Land Rover is not currently providing any cash incentives on this truck.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#120 of 193
Re: RR SC Lease pricing [potter7] by Car_man HOST
Nov 26, 2007 (3:27 am)
Reply

Replying to: potter7 (Nov 14, 2007 6:27 pm)

Hi potter7. You may be able to get an idea of what sort of discount you should be able to negotiate on the Range Rover that you are interested in by visiting the following discussion: "Land Rover Range Rover/Sport Prices Paid and Buying Experience". Once you have a feel for what sort of discount you will be able to negotiate, let me know what the MSRP and approximate selling price of the exact Range Rover that you want are (you can look up the MSRP in the New Vehicle Pricing section of this site) let me know ant I will use Land Rover's current lease program to estimate what sort of monthly payment you can expect.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#121 of 193
2008 lease by moabxj
Nov 26, 2007 (2:40 pm)
Reply
I posted this on the sport thread but this one has more recent posts so here we go...
 
We got a letter from the dealer about waiving 6 months of lease payments for leasing a new vehicle. So we are looking at getting an '08 HSE with the lux package and maybe the locker. MSRP should be around $82,950. Probably going with a 30 or 36 month lease, 15k miles per year. What kind of numbers should we expect? What kind of numbers are fair? We have a 720-740ish fico score. Is there any chance to get them to budge on sticker price? This is actually our 5th vehicle from them but they haven't budged a whole lot on any of the others which seems crazy to me. 84040(UT)
 
Thanks
Ryan
#122 of 193
got a quote... by moabxj
Nov 26, 2007 (5:36 pm)
Reply
Just got a quote from the local dealer today...
 
2008 RR HSE w/ lux pkg. $82,450 MSRP, 30 month 15k per year. $1632/mo, $2000 down(first month+ doc fee or whatever.)
 
Any thoughts?
#123 of 193
Re: 2008 Range Rover Sport Residual and MF [Car_man] by kerb
Nov 27, 2007 (8:12 am)
Reply

Replying to: Car_man (Nov 26, 2007 3:08 am)

Many thanks Car man. Would you happen to know the residual percentage for 10K or 10.5K miles?
#124 of 193
Range Rover HSE Lease by shamsiddin
Nov 28, 2007 (7:34 pm)
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Hi all,
 
I am new to this board and am interested in leasing a 2007 RR HSE early next year. I have been doing a bit of research regarding how lease rates are computed and am quite a bit more informed. I have begun contacting dealers for information on leasing 2007 RR HSE, thus far the response I have gotten from two of the four is that there are no more 2007's in stock at their shops. I am not sure if this is true or not but since I have not visited the showrooms personally, I will take their word for it for now.
 
I live in Northern NJ and work in Manhattan so I have contacted the Manhattan Auto Group, Paramus, Woodbridge and Parsippany dealers. The Manhattan dealer told me that his shop is a factory dealer vs the others which are independent - he was unable to adequately make the distinction other than to say that the others are all about making money (duh aren't they all?) Anyway, does anyone know what the difference is if any.
 
The Paramus and Manhattan dealers gave me information regarding the 2008 model as follows:
MSRP = 77,175
Residual = 53%
Money Factor = .00205
 
Does anyone know if this is accurate? I would prefer a 2007 model if I can find one (presumably the MSRP will be lower and therefore I can negotiate a lower cap cost and overall lower monthly payment) but the money factor on this one seems reasonable if I can negotiate a decent cap cost. Any thoughts?
#125 of 193
Current rates? by moabxj
Dec 17, 2007 (9:00 am)
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Things changed a bit and we are looking at getting a fullsize 2008 Range Rover Supercharged in the next day or two. MSRP 93,600. We get x-plan pricing which lowers it to 89,969. However we were quoted $1599+tax for 36 month/15k miles a year lease. My numbers show that to be around .00292 money factor which seems quite a bit higher than what it should be in my opinion. Does anyone have the current money factor and residual rates? By the way the residual they used was 51%.

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