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Land Rover Range Rover Sport Lease Questions

299 messages,  Last post on Oct 07, 2008 at 5:39 PM

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 Sport, Car Leasing, SUV


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#24 of 299
RRS Lease by hvf
Nov 22, 2005 (8:43 pm)
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term 30 mts
mileage 15000 miles/yr
#25 of 299
Re: surfd90 [kyfdx] by mssurrey
Nov 23, 2005 (11:12 pm)
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Replying to: kyfdx (Nov 17, 2005 5:31 pm)

Kydfx,
Does the Depreciation percentage figure, and hence the basis for lease calculations, work from the MSRP or from the adjusted (negotiated) cap cost?
 
If I get better discount off the MSRP, this means my monthly payments will be lower right, as I'm now 'financing' a lower amount? Or does a bigger discount simply mean that the Depreciation figure also 'reduces'?
#26 of 299
Re: surfd90 [mssurrey] by kyfdx HOST
Nov 24, 2005 (5:19 am)
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Replying to: mssurrey (Nov 23, 2005 11:12 pm)

The residual percentage is always figured from MSRP.. Which makes sense... no matter what selling price you negotiate, high or low... it isn't going to affect the actual value of that car at the end of the lease term...
 
This is a good thing... Every dollar that you save in negotiation goes straight to your bottom line, as a dollar saved in depreciation... and that is the main part of the savings.. But, you'll save some in finance charges, because your cap cost will also be lower..
 
Example: Joe Blow negotiates a $75,000 selling price for his RR Sport... on a 3yr lease with a money factor of .0030... John Doe leases the same car, for the same term, but negotiates a selling price of $74,000... John Doe's lease payment will be $30.78 per month lower than Joe Blow.
 
$27.78 of that is lower depreciation ($1000/36pymts).. The other $3.00 is due to a lower amount "financed" ($1000 X .0030).
 
Leasing is no different from buying.. Every dollar you lower the selling price, goes right into your pocket..
 
regards,
kyfdx
Host-Prices Paid Forums
#27 of 299
RR sport lease quote by hvf
Nov 24, 2005 (12:08 pm)
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Could someone tell me if this is an aceptable offer, I thought that selling price could be lower
RRS HSE 06
Luxury package + bluetooth ( no satelite radio, no DVD )
MSRP 60150
Sell price 57500
LEV 67%
MFSR 0.00315
bank fee 595
COD 2710
monthly 903.39
30 months / 15,000 miles / year
  
can we do better
by the way on the message about the LR3 HSE selling price on that is 53208
  
Thanks
#28 of 299
RR sport lease quote by hvf
Nov 24, 2005 (12:09 pm)
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Could someone tell me if this is an aceptable offer, I thought that selling price could be lower
RRS HSE 06
Luxury package + bluetooth ( no satelite radio, no DVD )
MSRP 60150
Sell price 57500
LEV 67%
MFSR 0.00315
bank fee 595
COD 2710
monthly 903.39
30 months / 15,000 miles / year
  
can we do better ?
 
  
Thanks
#29 of 299
Re: RRS HSE [hvf] by Car_man HOST
Dec 01, 2005 (4:20 am)
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Replying to: hvf (Nov 22, 2005 3:47 pm)

Hey hvf. I see that you are interested in a Range Rover Sport as well. I love this truck, but it is unbelievably expensive, both in terms of its price and terrible lease program. Right off the bat I can tell you that the lease money factor that you were quoted is a little high. You never mentioned how long you are leasing this truck for, but Land Rover Capital Group's buy rate lease money factors for the 2006 Range Rover Sport HSE vary from .00304 for a 24 month lease to .00260 for a 36 month lease. The selling price that you were quoted for this truck looks reasonable to me though. You are being given around a $2,600 discount on it. There's still a decent chunk of change left for the dealer, but I would not be surprised if that is what the market dictates for the Range Rover Sport right now.
 
Car_man
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Smart Shopper / Prices Paid Forums
#30 of 299
Upfront Lease on RRS by socalrover
Dec 19, 2005 (2:26 pm)
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I was thinking of leasing a RRS with lux package, bluetooth, and sat radio. If I want to get a 24 month lease at 10 k miles what should my cost be? I would like to pay everything upfront. I should get discounted for that I hope.
#31 of 299
Re: Upfront Lease on RRS [socalrover] by Car_man HOST
Jan 03, 2006 (3:51 am)
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Replying to: socalrover (Dec 19, 2005 2:26 pm)

Hi socalrover. Like most banks, Land Rover Capital Group provides consumers with a reduction in the interest rate that they have to pay for pre-paid leases. I believe that its specific reduction for 24 month leases is .00041, which equates to an interest rate reduction of slightly less than 1%.
 
You never mentioned the selling price or MSRP of the Range Rover Sport that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this truck's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to work up a sample lease payment on the truck that you are interested in for you if you let me know what these numbers are.
 
Car_man
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#32 of 299
Re: Upfront Lease on RRS [Car_man] by tallwoods
Jan 04, 2006 (12:38 am)
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Replying to: Car_man (Jan 03, 2006 3:51 am)

Well, if SocalRover does not reply, I'd love to give you some numbers to run by you:
 
Purchase price, $58,050 (not including taxes, etc..)
Down payment: $5000
lease term: 60 months (48 month as an alternate)
Mileage: standard 15,000/yr
 
Basically, I know I can afford something like a Toyota Tundra on a 60 month purchase (not a lease), so I'm wondering if leasing a RRS for a similar term is affordable (as viewed on a monthly payment basis).
 
Regards,
 
NW
#33 of 299
Money down on lease by slykmr
Jan 09, 2006 (6:00 pm)
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Looking at leasing a new RRS. My question is that if i put money down in the beginning isn't that the same as paying that much additional throughout the duration of the lease. Lets say that with 0 down the payment is 1115 per month. Yet with 5000 down the payment is roughly 200 lower per month 918. All these #'s are based on a 30 month 15k/year lease, 63000 msrp, .00305 rate. My thinking that the 200 per month saved times 30 months is $6000. Therefore an up front savings of $1000. Though at this point you can figure in the time value of money. Please set me straight if i am on the wrong page.

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