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Land Rover Range Rover Lease Questions

257 messages,  Last post on Oct 31, 2009 at 2:39 PM

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

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#144 of 257 Re: Greatings from Big Bear Lake, California..RRS Lease [bigbearrrs] by Car_man HOST Jan 29, 2008 (2:17 am)
Replying to: bigbearrrs (Jan 04, 2008 12:04 am) No problem, bigbearrrs. The Land Rover Range Rover Sport that you leased probably had a spread of around $5,200 or so between its full MSRP and its dealer invoice price. The $3,561 discount that you were given on this truck isn't bad. It's probably around $1,600 or so over invoice on a truck that is selling reasonably well. As long as the dealer that you got your truck from used its buy rate lease money factor to calculate your monthly payment I'd say that you got a pretty good deal. Enjoy your new ride .   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#145 of 257 Re: Fair Lease for a 2008 Range Rover Sport? [kpeters] by Car_man HOST Jan 29, 2008 (2:21 am)
Replying to: kpeters (Jan 08, 2008 3:11 pm) Greetings kpeters. Since you have never leased before, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.   In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on it and then have the dealer calculate your monthly payment using its buy rate lease money factor. Is the $60,000 price that you mentioned in your post this truck's MSRP or its selling price? If you provide me with both numbers, I would be happy to give you my opinion of this deal and to calculate a sample lease payment for you.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#146 of 257 Re: Land Rover Range Rover: Lease Questions [rangerovers] by Car_man HOST Jan 29, 2008 (2:27 am)
Replying to: rangerovers (Jan 09, 2008 7:52 am) Hi rangerovers. I am sorry to say that it is usually fairly expensive to get out of leases well before their scheduled end dates. In order to do so, you need to purchase the vehicle that you are currently leasing from the bank that you are leasing it through. It often turns out that it costs more to do so than your vehicle is worth on the open market. Furthermore, many banks expect consumers who end their leases early to still make all, or at least the depreciation portion of their remaining lease payments. As you can see, this can get very expensive.    You can determine approximately how much it will cost you to get out of your current lease by comparing its purchase price to its value on the open market at this time. You should place a call to the bank that you are leasing your vehicle through to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". Don't forget to check to see if you are still on the hook for your remaining lease payments. The difference between your leased vehicle's current value and how much it will cost you to buy it plus any remaining lease payments that you are obligated to pay will equal the cost of getting out of your lease right now. You may find that you are better off waiting until you are closer to the scheduled end of your lease to get another new vehicle.   If you absolutely have to get out of your current lease now to get something new, you definitely do not want to make such a $6,000 down payment on your new lease. I always advise consumers against making big down payments on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be much better off going with a zero down lease, even though it means that your monthly payment will be higher.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#147 of 257 Re: Range Rover HSE Lease [jbratx] by Car_man HOST Jan 29, 2008 (3:06 am)
Replying to: jbratx (Jan 21, 2008 7:34 pm) Hi jbratx. Land Rover published a new lease program for the first quarter of 2008 a couple of weeks ago. Land Rover Capital's current 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 .00175 and 49%, 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 Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: trover (Jan 30, 2008 8:15 pm)
#148 of 257 Re: Range Rover HSE Lease [Car_man] by trover Jan 30, 2008 (8:15 pm)
Replying to: Car_man (Jan 29, 2008 3:06 am) i have a coupon good for 2000.00 on a lease of a HSE please call me if you are buying prior to 3/31/08 taniataniany.com
#149 of 257 2008 RR SC by ctijim Feb 07, 2008 (4:46 pm)
I am considering leasing a 2008 RR SC for either 24, 30, or 36 months with 15k miles. It would be great to know the corresponding money factors and residuals for these leases.   Thanks,   Jim Replies to this message: ctijim (Feb 11, 2008 9:25 am) Car_man (Mar 04, 2008 3:07 am)
#150 of 257 Re: 2008 RR SC [ctijim] by ctijim Feb 11, 2008 (9:25 am)
Replying to: ctijim (Feb 07, 2008 4:46 pm) Car man...HELP!
#151 of 257 About to Lease a New RR HSE Supercharged by jviti Feb 27, 2008 (6:48 pm)
Hi, I'm about to lease a new RR HSE Supercharged and I'm trying to figure out if I'm getting a good deal. While the internet says MSRP is 93k several dealers are telling me the MSRP is 96k and they'll drop their price to 93k (although that includes a rear entertainment system which cost $2500 . Not sure if they're gaming me. That said the lease terms I'm getting are roughly consistent across dealers and are as follows: 30 months; 12k miles/yr; 4,474 down; 1474/month. This includes tax (which is 8.25%). The residual value is 59% and the money factor is .00176. I really want a 36 month lease but they drop the residual value to 50% and increase the money factor to .00220 making for 7,067 down and 1,462/mo. Any opinions/advice?? Replies to this message: Car_man (Mar 04, 2008 3:46 am)
#152 of 257 Re: 2008 RR SC [ctijim] by Car_man HOST Mar 04, 2008 (3:07 am)
Replying to: ctijim (Feb 07, 2008 4:46 pm) Hi Jim. Here is the information that you're looking for. 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 SC with 15,000 miles per year are .00146 and 62%, respectively. The numbers for a 36 month lease are .00211 and 50%.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#153 of 257 Re: About to Lease a New RR HSE Supercharged [jviti] by Car_man HOST Mar 04, 2008 (3:46 am)
Replying to: jviti (Feb 27, 2008 6:48 pm) Hi jviti. Have you looked up this truck's MSRP and dealer invoice price here at Edmunds.com yet? The prices that are listed here are usually very accurate. If a dealer quotes you an MSRP that's higher than the one that is mentioned in the New Vehicle Pricing section of Edmunds.com, they are probably adding some sort of dealer installed option(s) or fees to it.   The money factor that you were quoted is right in line with Land Rover's buy rate for this model. That is always a good thing. One thing that I don't like about this deal though is the large down payment that you are considering making. I always advise consumers not to make large capitalized cost reductions on leased vehicles. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be better off going with a zero down lease.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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