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Land Rover Range Rover Sport Lease Questions

548 messages,  Last post on May 12, 2013 at 3:00 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 4 of 55

#29 of 548 Re: RRS HSE [hvf] by Car_man HOST

Dec 01, 2005 (4:20 am)

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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#30 of 548 Upfront Lease on RRS by socalrover

Dec 19, 2005 (2:26 pm)

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 548 Re: Upfront Lease on RRS [socalrover] by Car_man HOST

Jan 03, 2006 (3:51 am)

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 548 Re: Upfront Lease on RRS [Car_man] by tallwoods

Jan 04, 2006 (12:38 am)

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 548 Money down on lease by slykmr

Jan 09, 2006 (6:00 pm)

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.

#34 of 548 Re: Money down on lease [slykmr] by kyfdx HOST

Jan 10, 2006 (4:44 am)

Replying to: slykmr (Jan 09, 2006 6:00 pm)
Any money you put down on the lease reduces the cap cost by the same amount, and will result in a correspondingly lower payment... In your example, the "extra" savings of not paying finance charges on that $5000 equals about $15/mo.. Or, around $450 over the life of the lease... and, as you stated, you have to balance that against the earnings on that money if you had kept it. So, the actual savings is pretty small...
 
You really shouldn't make any downpayment on a lease, though.. If something were to happen to the vehicle early in the lease term (accident or theft), resulting in a total loss, you won't get any of that downpayment money back... A $5000 downpayment on a car that you only lease for 3-4 months would make for a pretty high monthly cost..
 
regards,
kyfdx
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#36 of 548 Re: Money down on lease [kyfdx] by josegura

Jan 10, 2006 (2:54 pm)

Replying to: kyfdx (Jan 10, 2006 4:44 am)
kyfdx,
 
I would like to pay the taxes upfront to keep the monthly payment down. $999 looks better to the wife than $1200. Does the above also apply here?

#37 of 548 Re: Money down on lease [josegura] by kyfdx HOST

Jan 10, 2006 (2:56 pm)

Replying to: josegura (Jan 10, 2006 2:54 pm)
In my opinion, it applies to any amount paid upfront, other than the first payment and security deposit...
 
But, overall this risk, while real, is fairly low... I understand exactly what you mean about the how the payment looks to your spouse...
 
You have to do what works for you...
 
regards,
kyfdx
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#38 of 548 Re: Money down on lease [josegura] by british_rover

Jan 10, 2006 (3:55 pm)

Replying to: josegura (Jan 10, 2006 2:54 pm)
Our leasing programs just changed today and the 30 month lease is no longer the best deal. You are going to have to rework everything to find the sweet spot. Based on our preliminary work the 39 month lease seems to work out the best now.

Messages Page 4 of 55

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