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Land Rover Range Rover Lease Questions

176 messages,  Last post on Jul 01, 2008 at 6:02 AM

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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#39 of 176
Best Lease Price by mrpierre
Jun 28, 2006 (8:44 pm)
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Hi Car man,
 
Looking for the best lease pricing I can find on a 2006 RR(HSE) - would appreciate any assistance you can give - Live in Scottsdale, AZ - MSRP is $77,450 but will be using Ford Family A plan(I believe)to get invoice pricing or close to it on the vehicle. Destination charge is $715 - Credit score is in the mid 700's. Could you work up the numbers for me - I am looking to put something together in the next couple of weeks or so. Also is residual value a % of MSRP or a % of Cap Cost? - What are the current residual figures being quoted on a 2006 RR 3 year lease at 15K miles - what would be your best estimate of monthly payments with 0 down - when may be the best time to go after a 2006?. Sorry for all the questions but I would appreciate any help you could provide.
 
Thank you for your time.
#40 of 176
Re: Best Lease Price [mrpierre] by Car_man HOST
Jul 13, 2006 (3:31 am)
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Replying to: mrpierre (Jun 28, 2006 8:44 pm)

Hello mrpierre. You;re lucky that you are eligible for Ford's A-Plan. This will help you to get a good price on this truck without having to haggle much. If you were to lease a 2006 Land Rover Range Rover HSE through Land Rover Capital Group right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00236 and 48%, respectively. If you provide me with this truck's exact selling price I would be happy to estimate what its monthly payment should be for you.
 
Car_man
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#41 of 176
Re: Best Lease Price [Car_man] by mrpierre
Jul 13, 2006 (8:40 pm)
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Replying to: Car_man (Jul 13, 2006 3:31 am)

Thanks again Car Man - I was able to get a cost estimate from the dealership - Cap Cost w A plan - $71,839 (does that seem high?), current MF given through LR Capital without doing a credit check was (.00319) - Residual was 55% on 3yr 36k miles - again should decent credit score(mid 700's) allow for a lower MF? If you wouldnt mind running some numbers that would be great!
 
Regards,
 
Mrpierre
#42 of 176
Re: Best Lease Price [mrpierre] by british_rover
Jul 15, 2006 (7:35 am)
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Replying to: mrpierre (Jul 13, 2006 8:40 pm)

A-Plan is invoice, plus RAG fee, Plus destination charge so yeah 71,839 seems about right.
#43 of 176
Looking to Lease an 06 Range Rover HSE by lagunadriver
Aug 23, 2006 (3:57 pm)
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Hi guys - been tracking this forum for months (here's my first post). Could I ask you to sanity check a lease quote I just got from a dealer in SoCal...
 
2006 RR HSE
$77,550 list
$72,648 invoice
less $4,000 finance company (not LR) incentive = $68,648
36 months with 12,000 miles per year
$0 down (outside of first payment of $1,779)
 
= $1,124 + tax per month
 
Is this a good deal?
 
Thanks
 
Sorry dont know money factor or residual)
#44 of 176
Re: Looking to Lease an 06 Range Rover HSE [lagunadriver] by british_rover
Aug 23, 2006 (7:01 pm)
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Replying to: lagunadriver (Aug 23, 2006 3:57 pm)

Hmhh something does not seem right. Is this a Land Rover Capital Group lease or some other third party leasing company???
 
There is 3,000 dollars of lease cash from Land Rover Capital Group on Leased Range Rovers and there is 4,000 dollars of marketing support on the Range Rover if you do a traditional purchase. Most dealers are not giving up all of the 4,000 unless the Range Rover has some miles on it.
#45 of 176
Re: Looking to Lease an 06 Range Rover HSE [british_rover] by lagunadriver
Aug 24, 2006 (8:30 am)
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Replying to: british_rover (Aug 23, 2006 7:01 pm)

Thanks for your prompt reply...the salesguy told me the $3,000 lease cash was only available on 24 month terms. I was looking for 36 months so he said he had to use a different finance company who was offering a $4,000 incentive that he would pass through to me.
 
He says Im paying about $500-700 over invoice yet the monthly payment doesnt seem to jibe with this.
#46 of 176
Re: Looking to Lease an 06 Range Rover HSE [lagunadriver] by british_rover
Aug 24, 2006 (7:16 pm)
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Replying to: lagunadriver (Aug 24, 2006 8:30 am)

From what I remember the 3,000 dollar lease cash is avaliable on all lease terms. I will check the programs tomorrow for you and make sure.
 
Sounds to me like he is using the Land Rover Capital Group standard lease program and then discounting the car the 4,000 dollar marketing support that Land Rover is offering.
 
If you use the special lease program you can take the 3,000 dollar lease cash to go towards cap cost reduction but you cannot take the 4,000 dollars in marketing support.
 
If you use the standard lease program, that has higher money factors and lower residuals, you can take the 4,000 dollars in marketing support but not the 3,000 dollars in lease cash for cap cost reduction.
#47 of 176
Re: Best Lease Price [mrpierre] by Car_man HOST
Aug 31, 2006 (3:29 am)
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Replying to: mrpierre (Jul 13, 2006 8:40 pm)

Hi mrpierre. A credit score like yours would qualify for the money factor that I mentioned in my previous response to you. Make sure that the dealer that you are working with uses that factor to calculate your truck's monthly payment. They were either being conservative in the money factor that they quoted you because they didn't know what your credit is like, or more likely they were trying to mark your truck's money factor up to add additional back-end profit to your deal. The A-Plan price that you were quoted looks about right to me. Using this price and the MSRP that you mentioned earlier, I estimate that this truck's zero down, pre-tax monthly payment should be around $1,221 right now.
 
Car_man
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#48 of 176
2006 Range Rover HSE Looking for Good Lease by carollod
Nov 02, 2006 (1:26 pm)
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Hello,
 
I am looking to prepay an entire2 year lease on a new 2006 Black on Black Range Rover HSE. My question is what do you think a fair prepaid lease dollar wise would be? I am looking for the luxury package plus the 20 inch wheels.
 
Also my credit is not very good at all....if I prepay the lease will that still be a factor?

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