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Prices Paid: Buying & Leasing Experiences Land Rover Range Rover Lease Questions
260 messages, Last post on Nov 17, 2009 at 2:59 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| how much am i expected to pay total to lease a used range rover? | |
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Hello All, Don't know if will get any responses, last post was in Aug. Hopefully will start the discussion up again. Carman you seem very knowledgeable on the subject. I am looking into leasing a 2008 Range Rover HSE, with no options msrp $78,450. My deal to do a lease for 24 months was as follows: MSRP-$78,450 Selling Price-$61,000 Res-40% ($31,380) mf-.00365 -Around $6,081.98 COD (give or take a couple of dollars Depending on plates, Tax Juresdiction) $1,265.70/Month for 24 Months -Deal Good thorugh Monday (11-8-08) probably going to do it. Just wanted to check to see if this is a good deal considering the horrible residual values and money lease factors going on right now. Any feedback is greatly appreciated. Thanks.
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Replying to: nyrangerover1 (Nov 08, 2008 10:46 am) I am not exactly sure how leasing works in NY – but I can provide you with the following... MSRP-$78,450 Invoice: $72,159 There is $12,000 dealer cash / and there should also be a $5000 lease rebate (applied as cap-reduction) or if you are going through LRCG a $5750 lease rebate. A net selling price of $61,000 is a very respectable deal, it means the dealer is grossing approx $500 if they are including floor mats, even if they charge you for the mats the selling price is a good deal. LRCG tier “0” should have a .00321 (tier 1 = .00350 more commonly seen as tier 0 is a bit harder to obtain in with today’s lending standards) Money factor / 40% Res,15k per year. Roughly, I estimate an effective payment of $1,149 + tax, with $6082 total due at lease inception. (I am basing this on CA doc and tax fees NY may be a bit higher). So if the $1,265 is a tax included payment it sounds like you have a pretty air tight deal. I hope that helps.. Rover-Guy |
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Hello, I'm currently in an '03 RR HSE CPO lease that is 36/mo $650/mo with 15k/year. Great deal IMHO. Car had all the bells and whistles that were already 100% depreciated (brush bar, side steps, rear grate, tow kit, rear entertainment, etc.) and came with full CPO warranty for term of my lease. I picked up the car in 2/06 with 20k miles and returning it 2/09 with 65k miles. I want to do another CPO with an 06 or 07 RR HSE. 06's are trading around $45k and 07's are closer to $55k (these are dealer CPO prices). Questions: 1. How much are CPO leases going for on the 06's and 07's? Does anyone have recent experience? Further, does anyone know of residuals or money factors used for CPO market? 2. Are there any incentives available where rr can pull you forward into a new CPO lease and forgive 2 months of payments on old lease or do they just build that into the new lease? 3. Is it worth waiting for any reason? Incentives, more 07's will hit market soon, etc. Thank in advance, Seth
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Hi Rover-Guy, thanks for your feedback. Makes me feel a little bit more comfortable with the deal I am going to sign later today. Yes, the $1,265/month payment was assured by the salesman as a total payment. This is his exact words: -The COD is comprised of first month payment, taxes and DMV fees (Reg, License, etc) If you would like to put money down, then the monthly payment will drop. -The monthly payment is total monthly payment (Taxes are In the COD) So, according to him the taxes were paid in the initial inception fees payment. So, I guess this is a good deal. I'm going to go ahead and go with it. All this negotion was done through email. I just hope that when I get to the dealership today, the paperwork will reflect what we negotiated through the email. Well I'll keep everyone posted on what happens. Thanks again Rover-Guy. NYRangeRover1.
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Replying to: nyrangerover1 (Nov 10, 2008 5:21 am) Rover-Guy |
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Replying to: nyc_seth (Nov 09, 2008 10:16 pm) Currently I can not find any information on a CPO lease. US-Bank used to be the go to source but since they have dropped out of pre-owned leasing, I am not sure exactly where to lead you, as LRCG does not lease pre-owned any longer. Rover-Guy |
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I don't know if I should accept this deal or not. I was in the market for a 2008 Range Rover HSE and to make a long story short it's a 36 month lease 10,500 miles a year no money down except the mandatory fees which comes out to $1100.00. My monthly payment is $1,097.00 a month. Also Range Rover will be paying the last month of my lease that I'm exiting which is $754.00. Is this a good deal or not before I sign any papers 
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Replying to: blessedcrys (Nov 13, 2008 10:06 pm)
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Replying to: okaasoka (Nov 14, 2008 4:06 am) |
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