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Prices Paid: Buying & Leasing Experiences Land Rover Range Rover Sport Lease Questions
358 messages, Last post on Jun 16, 2009 at 9:58 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Hey everyone- So, television specials usually have fine print rivaling War and Peace in length which is always entertaining to read. But, I just hit pause on my DVR on the offer details screen and there are no shenanigans to speak of for their 60th Anniversary Event. What do you guys think is going on? It is a 4 year lease term which is a year more than is prudent (if there’s anything prudent about acquiring a British automobile). Even so, judging from the previous posts and the preposterous money factors quoted by dealers, something is afoot... The fairly well-optioned X5 I'm comparing it to has a monthly payment of around ~$850/mo for 36 months with nothing due at inception. Here's a transcript of the ad, lifted from the freeze frame: Sign and Drive $0 DOWN $799/MO* EXCLUDING TAXES, TITLE AND LICENSE FEES. 2008 RANGE ROVER SPORT HSE, INCLUDING COLD CLIMATE PACKAGE AND SATELLITE RADIO. 48-MONTH LEASE. *For well-qualified customers only. Not all lessees will qualify for Land Rover Capital Group lease. Includes Retailer cash from Jaguar Land Rover North America LLC. Payments may vary. Dealer determines price. Residency restrictions apply. For special lease terms, take new retail delivery from retailer stock by 9/30/08. See your participating Land Rover Retailer or call 1-800-FIND 4WD for complete details. (c) Jaguar Land Rover North America LLC. Thoughts?
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Replying to: drvannostrand (Sep 08, 2008 7:42 pm) There is nothing afoot, LR Capital rates aren't very good, bottom line. They may change tomorrow....who know's! btw, if you don't like that lease, you can take the 6 or 9k cash & try Chase or US Bank. I'll bet you won't like the rates either. Right now, unless the programs have changed, it makes more sense to lease a used RR 06 or 07 from LRover Capital
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Replying to: awedio (Sep 08, 2008 8:16 pm) |
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Replying to: roverdude (Sep 08, 2008 4:59 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Just leased an 08 RRS in So Cal. $63k list, $56k purchase price, 48 month lease with US Bank, $830 a month plus tax. Just drive offs due, no cap cost reduction. Residual is brutatl right now, in the 32% range and the money factor was around .0020. Hope this helps people, its the best I could find around Los Angeles.
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Replying to: mmalonso (Sep 29, 2008 8:49 am) If you'd like, you can stop by the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with others as well. Enjoy your new ride  ! Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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What is the best lease deal with zero down for 36 months for a Land Rover Sport?
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Replying to: joelpalmer (Oct 22, 2008 6:40 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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I have limited lease knowledge. Could someone quickly check this and let me know if it's a good deal. I may close tommorow. All the research Ive done shows that it is. Im worried about the residual, money factor. The sell price is good due to incentives. 36 month lease, 15k per year. MSRP $73450 Sell Price $56900 Doc Fee $225 Acq Fee $795 Residual-36% 12k down payment State Taxes-3% Money Factor-.00225 Rate-5.4% monthly payment-$818.90 Buying is not an option. My accountant wants me to write the lease off as a business expense.
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