Last post on Oct 11, 2013 at 2:50 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Land Rover Range Rover, Car Leasing, SUV
#119 of 386 Re: 2008 Range Rover Sport Residual and MF [kerb]
Nov 26, 2007 (3:08 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.
Prices Paid: Buying & Leasing Experiences Forum
#120 of 386 Re: RR SC Lease pricing [potter7]
Nov 26, 2007 (3:27 am)
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.
Prices Paid: Buying & Leasing Experiences Forum
#121 of 386 2008 lease
Nov 26, 2007 (2:40 pm)
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)
#122 of 386 got a quote...
Nov 26, 2007 (5:36 pm)
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.)
#123 of 386 Re: 2008 Range Rover Sport Residual and MF [Car_man]
Nov 27, 2007 (8:12 am)
Many thanks Car man. Would you happen to know the residual percentage for 10K or 10.5K miles?
#124 of 386 Range Rover HSE Lease
Nov 28, 2007 (7:34 pm)
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 386 Current rates?
Dec 17, 2007 (9:00 am)
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%.
#126 of 386 Greatings from Big Bear Lake, California..RRS Lease
Dec 23, 2007 (7:55 pm)
Hello all, and Carman. I am a few days from leasing a Range Rover Sport. HSE. Standard Interior. Contemplating the Arctic frost with Alpaca Interior or the White with Ebony Interior.
I plan on towing a 21 feet Regal open bow boat 4x a year with it. and a flat bed car trailer with a 65 Shelby Cobra 4x a year. Will the RRS HSE do well with this towing?
I got a lease offer as follow:
30 mths, 15,000 miles a year. On the RRS HSE non luxury interior
$1391 drive off and a monthly payment of $899 including tax here in california (7.75%)
$3,000 drive off and a monthly payment of $840 including tax here in california
$5,000 drive off and a monthly payment of $768 including tax.
Are these good offers? Can I do better?
#127 of 386 Re: Greatings from Big Bear Lake, California..RRS Lease [bigbearrrs]
Dec 27, 2007 (12:30 pm)
I am in AZ and also looking for the 08 RRS. The quotes I received last wk were much higher. Would you mind sharing the dealership name and city as it is worth going to CA to get the car based on the quotes you provided. Did you end up leasing your car? Also, if you know what the money factor and residual are could you also share this info. Thanks
$1,137.33 with 12k miles per year
$1,179.21 with 15k miles per year
$3,600 drive off
$1,202.36 with 12k miles per year
$1,235.94 with 15k miles per year
$3,600 drive off
#128 of 386 Re: Greatings from Big Bear Lake, California..RRS Lease [newcaraz]
Dec 27, 2007 (8:28 pm)
I don't think we are allowed to post name and number of dealership and salesmen here.
I will be happy to share it with you though.
The original deal above was with Newport Beach Landrover. They are not staright shooters. I will NEVER do business with them again. And will NOT recommend them to anyone. When it came time to sign paper they started playing games, increased payment by nearly $300 per month) so I left promptly and went to the next dealership.
The dealership I ended up buying from is Landrover and Jaguar of Anaheim Hills. Anaheim Hills, California. They were GREAT! Salesman is awesome. I highly recommend. Entire deal was done on the phone. I was in and out in less than an hour. He even threw in the tow package (Hitch and installed wiring loom) for free.
I did a 30 month lease, and it is 15k miles per year. Would have ben $925 or so per year with the minimal drive off. Keep in mind that the 925 includes like $60 for california tax.
With my drive off being similar to yours ($1k more than yours), my payment is $771.16 california tax is another $60.
The package of the car makes a huge difference. Mine is HSE (non supercharged) and is not the luxury interior.
email me if you want the sales man's name & #. this is end of month and end of year. so they are making deals. Strike while they are trying to hit their target.