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Land Rover Range Rover Lease Questions

260 messages,  Last post on Nov 17, 2009 at 2:59 AM

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


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#124 of 260
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 260
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%.
#126 of 260
Greatings from Big Bear Lake, California..RRS Lease by bigbearrrs
Dec 23, 2007 (7:55 pm)
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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 260
Re: Greatings from Big Bear Lake, California..RRS Lease [bigbearrrs] by newcaraz
Dec 27, 2007 (12:30 pm)
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Replying to: bigbearrrs (Dec 23, 2007 7:55 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
 
30 months
$1,137.33 with 12k miles per year
$1,179.21 with 15k miles per year
$3,600 drive off
 
36 months
$1,202.36 with 12k miles per year
$1,235.94 with 15k miles per year
$3,600 drive off
#128 of 260
Re: Greatings from Big Bear Lake, California..RRS Lease [newcaraz] by bigbearrrs
Dec 27, 2007 (8:28 pm)
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Replying to: newcaraz (Dec 27, 2007 12:30 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.
#129 of 260
Re: Greatings from Big Bear Lake, California..RRS Lease [bigbearrrs] by newcaraz
Dec 28, 2007 (10:18 am)
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Replying to: bigbearrrs (Dec 27, 2007 8:28 pm)

thanks so much for the information - can you email me the sales mans name & # at vmsazyahoo.com.
#130 of 260
Car Leasing Companies by jbratx
Jan 02, 2008 (4:36 pm)
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What's the difference between going through the dealership and car leasing companies? They say they offer better deals. Does anyone have any experience leasing there Range Rover through one of these companies?
  
i.e ( http://www.phillipsautoleasing.com/ )
#131 of 260
Re: 2008 Range Rover Sport Residual and MF [kerb] by Car_man HOST
Jan 03, 2008 (2:58 am)
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Replying to: kerb (Nov 27, 2007 8:12 am)

You're very welcome, kerb. Land Rover Capital's residual values for leases with 10,500 miles per year are 3% higher than its 15,000 mile per year residuals.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#132 of 260
Re: Range Rover HSE Lease [shamsiddin] by Car_man HOST
Jan 03, 2008 (3:16 am)
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Replying to: shamsiddin (Nov 28, 2007 7:34 pm)

Welcome shamsiddin. What you heard is correct. I don't believe that there are many 2007 Range Rovers left out there at this point. If you want to lease this truck, you are probably going to have to go with a 2008 model. Through January 7th, Land Rover Capital's buy rate lease money factor and residual value for a 36 month lease of a 2008 Range Rover HSE with 15,000 miles per year are .00192 and 50%, respectively. Its 12,000 mile per year residual value is 2% higher and its 10,500 mile per year residual value is 3% higher than this.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#133 of 260
Re: Current rates? [moabxj] by Car_man HOST
Jan 03, 2008 (3:28 am)
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Replying to: moabxj (Dec 17, 2007 9:00 am)

Hi moabxj. Through January 7th, Land Rover Capital's buy rate lease money factor and residual value for a 36 month lease of a 2008 Range Rover Supercharged with 15,000 miles per year are .00228 and 51%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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