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You are in the Prices Paid - Buying & Leasing Experiences
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Land Rover Range Rover Sport, Car Leasing, SUV
#156 of 549 Re: money factor [herculesjefff]
by Car_man HOST
Jun 20, 2007 (2:59 am)
Hey herculesjefff. Land Rover Capital Group's current buy rate lease money factor for a 24 month lease of any 2007 Range Rover Sport is .00306 for consumers who qualify for its top credit tier. Its money factor for a 36 month lease of this truck is slightly higher at .00333.
You're right that generally speaking the longer a lease is, the lower its monthly payment will be. This is because new vehicles experience their most rapid depreciation during the first year of ownership. The longer a lease is, the more payments there is to spread out the large initial depreciation hit out over. From time to time certain manufacturers will provide extra lease support on 24 month leases to encourage the leasing of select models for a shorter term, but more often than not short leases are more expensive than long ones.
Prices Paid Forum
#157 of 549 Re: HELP [standardauto]
by Car_man HOST
Jun 20, 2007 (3:10 am)
Hi standardauto. Let's work up a sample lease on this truck and see what we come up with. Its monthly payment will depend upon the selling price that you are able to negotiate. The MSRP of a 2007 Land Rover Range Rover Sport HSE with the Luxury Package is $60,950. For now I will assume that you will be able to negotiate a $1,500 discount on this truck. Let me know if your actual discount is higher or lower than this. According to my calculations, if you were to lease an '07 Range Rover Sport that has an MSRP of $60,950 and a selling price of $59,450 through Land Rover Capital Group right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $1,015. It doesn't look like you are going to be able to get this truck for the $900 per month that you are looking for. You'd have to get this truck for around dealer invoice for that to happen and given the lack of lease support on this model right now I suspect that you won't be able to find a dealer that is willing to sell you one for that low a price. You may want to stop by the following discussion to see how much other community members have paid for similar vehicles lately: "Land Rover Range Rover/Sport: Prices Paid & Buying Experience".
Prices Paid Forum
Jun 20, 2007 (7:15 am)
There aren't many 2007 Sports around right now so no big discounts. Maybe if you catch a demo or at the end of the month if someone is one sale away from an objective but that is it.
Also think how many more E350s Merc sales compared to Range Rover Sports. I bet Mercedes sales more E-classes in the US then Land Rover sells vehicles period. All of that volume allows them to put support behind the vehicle that Land Rover can't and/or won't do.
The reason dealers aren't discounting 2007 RRS is because there are not many out there.
I think I even said this would happen back last year when people asked of the 2007 MY discounts would equal the 2006 MY discounts. With 2007 MY being a short production run I didn't think there would be the need to discount the 2007 MY vehicles like the 2006 MY cars were.
At the end of the 2006 MY Land Rover put 4,000 dollars of marketing support behind the RRS. So far Land Rover has not put a penny of support behind the 2007 MY RRS.
Some dealers are sold out of 2007 Sports. I am.
I just checked in new england and right now there are 112 HSE Sports showing unsold in dealer inventories. There are only 40 SC Sports unsold in dealer inventories. That is only about 11 sports per dealer if you divide them all evenly which of course they are not because some of the dealers are HUGE and some are very small.
#159 of 549 Land Rover's should be BANNED for sale in the US
Jun 20, 2007 (12:00 pm)
Tranny failures at 1,000 miles past warranty aren't covered!
Unacceptable on a car that visited the dealership repair shop over a dozen times.
#160 of 549 Re: Land Rover's should be BANNED for sale in the US [andres3]
Jun 21, 2007 (7:07 am)
I don't see what that has to do with Range Rover leasing.
#161 of 549 RR Sport Lease
Jun 21, 2007 (3:00 pm)
Can I get some numbers on a RR Sport Lease
2007 RR Sport, Xenon, NAV, Wheels,
Lease factor, % residual, monthly payments with $2,500 down
Jun 21, 2007 (6:48 pm)
Thank you for your insight/help car_man.
#163 of 549 HELP! Certicate Wanted
Jun 21, 2007 (6:49 pm)
I'd be willing to PayPal $100 to somebody who has a $1500 certificate discount towards purchase/lease of a Range Rover Sport or can help me find one. (the one that expires at the end of the month)
Please let me know.
#165 of 549 residuals and money factor
Jul 10, 2007 (8:10 pm)
just checked into 2007 range rover hse $77250
WANTED TO KNOW CURRENT RESIDUAL VALUES/percentages, money factors
12000 miles 36 month lease
for negotiation purposes