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Land Rover Range Rover Sport Lease Questions

383 messages,  Last post on Nov 29, 2009 at 8:46 AM

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

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#317 of 383 Manufacturer to Deal incentive question related to lease by Undertak Feb 07, 2009 (7:41 pm)
Hi, Car_man,   I see from the Range Rover Sport Incentives & Rebates page that Rover is running a lease special on the Sport HSE for $799/mo. I also see that there is a $3000 Manufacturer to Deal incentive, which specifically notes that it cannot be combined with special purchase financing rates through Chase, but it doesn't say anything about the Lease Special. Is this something I can try to talk my dealer into passing along to me as part of my lease negotiations, or do they not get it because I'm doing the Lease Special?   I ask because my salesman immediately volunteered to pay the last month of my current lease ($672) and I'm trying to figure out where that money is coming from since their sale price in the lease special is only about $1300 over invoice. I can't imagine they're willing to only make ~$630 on the truck without any haggling.   Thoughts?   -Undertak Replies to this message: Car_man (Feb 09, 2009 3:28 am)
#318 of 383 How bad is this deal? by clm4 Feb 08, 2009 (1:43 pm)
This deal is for a 2008 Range Rover HSE with Luxury Interior Package. I believe the bank offering this leasing is Chase. It looks like almost everyone in these posts got a much better deal than this with a shorter term, too. I don't get it. I am in NJ. I really only want a 36 month lease. The mileage allowance is 12,000.   M.S.R.P. $82,950.00 SELLING PRICE $55,950.00 BANK FEE $795 RESIDUAL % 23 MILEAGE DEDUCTION 0 RESIDUAL AMOUNT $19,078.50 MONEY FACTOR 0.0039 MONEY DOWN $795 TERM 48 TAX RATE 7 PAYMENT W/ TAX $1,148.92 INCEPTION FEES $1,999.57 TAG FEE $399.50 SUPPL. TAX .4% $223.80  + SEC. DEPOSIT (+$25) $- TOTAL FEES $2,622.87 Replies to this message: Car_man (Feb 09, 2009 3:47 am) clm4 (Feb 09, 2009 8:53 am)
#319 of 383 Re: Manufacturer to Deal incentive question related to lease [Undertak] by Car_man HOST Feb 09, 2009 (3:28 am)
Replying to: Undertak (Feb 07, 2009 7:41 pm) Hey Undertak. Unfortunately, the $3,000 dealer cash is not compatible with the special Chase lease program either. Times are the toughest that they have ever been in either of our lifetimes for dealers right now. I'm not all that surprised that the dealer was willing to sell you anything for $630 over invoice.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#320 of 383 Re: How bad is this deal? [clm4] by Car_man HOST Feb 09, 2009 (3:47 am)
Replying to: clm4 (Feb 08, 2009 1:43 pm) Hi clm4. This truck's residual value is a shockingly low 23%. Even though you are getting a tremendous discount on it, there's no way that I would lease it if I was in the market for one. You would be much better off taking advantage of Land Rover's special financing offer and financing it at 0% for 5 years.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: clm4 (Feb 09, 2009 8:53 am)
#321 of 383 Re: How bad is this deal? [Car_man] by clm4 Feb 09, 2009 (8:53 am)
Replying to: Car_man (Feb 09, 2009 3:47 am) Hi Car Man. Thanks for your reply. I knew something was really not right here. Especially since I can get in an 09 loaded Audi Q7 for $400 less for 3 years with 12K miles. I do much prefer the RR, though. Is there any advice you would be able to give me to take back to the salesman to let him know that I know he has some room to negotiate here? I would think he would be anxious to move an 08 off the lot. I also can't believe the interest rate he gave me! I want to be in a new car for between 8 and 850 a month. I have an excellent credit rating. I really don't want to buy though-- or should I say my accountant doesn't recommend it.   These are the terms for for a 60 month purchase. Notice he is not offering a 0% rate, and he raised the price of the vehicle by $10K. SELLING PRICE $65,950.00 TRADE $- TOTAL $65,950.00  + SALES TAX $4,616.50  + TAG,REG, TITLE FEES $250.00  + PAY-OFF AMOUNT $-  = GRAND TOTAL $70,816.50  - MONEY DOWN SUPPL. TAX .4%  = AMOUNT FINANCE $70,816.50 TAX RATE 7.00 MONTHS FINANCE 60 INTEREST RATE 3.00% MONTHLY PAYMENT $1,272.48
#322 of 383 Is this a good deal? by DonDraper Feb 13, 2009 (12:30 pm)
Land Rover in Alexandria, Va is offering the following deal: 36 months, 10k miles, $1295 due at signing, $789 monthly payment. Comes with cold climate package and sat radio. This seems like one of the best deals I've seen. Am I correct? Replies to this message: sgillmore (Mar 16, 2009 7:38 am) alexkoper (Mar 16, 2009 11:31 am) Car_man (Apr 06, 2009 2:14 am) alexkoper (Mar 16, 2009 11:37 am)
#323 of 383 Re: Is this a good deal? [DonDraper] by sgillmore Mar 16, 2009 (7:38 am)
Replying to: DonDraper (Feb 13, 2009 12:30 pm) Hello,   Here is a lease quote I received yesterday on a range rover sport with luxury package. How does it compare:   $752, 3k down, 12k miles, 36 months, first payment due at signing.   Thanks,   - Simon Replies to this message: alexkoper (Mar 16, 2009 11:31 am) Car_man (Apr 06, 2009 2:14 am) alexkoper (Mar 16, 2009 11:37 am)
#324 of 383 RRS HSE/Supercharged by alexkoper Mar 16, 2009 (11:31 am)
Replying to: sgillmore (Mar 16, 2009 7:38 am) Does anyone know the current residuals and buy-rate MFs for RRS HSE and Supercharged w/15k mi/yr? Is there still a 24 month lease special on these? Also, has anyone had any luck in negotiating the vehicle price at or below invoice either with or without the lease? I'm considering a RRS HSE or SC, or even perhaps purchasing outright '08 RR HSE if the price is right. I would love to hear your experience(s). I'm in So Cal and would love your help. Thanks, Alex Replies to this message: Car_man (Apr 06, 2009 2:14 am)
#325 of 383 Re: Is this a good deal? [sgillmore] by alexkoper Mar 16, 2009 (11:37 am)
Replying to: sgillmore (Mar 16, 2009 7:38 am) Simon, I wouldn't put $3k down on your RR lease - if you make a cap-cost reduction you lose your GAP insurance on a lease. So just pay fees and DMV and 1st month payment. What is the negotiated price of the vehicle (cap-cost)? Does the $752 include tax? It seems to me that given the incentives, inventory, and current economy, your cap cost should be around invoice price (approximately 56k on an msrp of 62k); with cap cost at 57k, resid at 60% and mf at .00018, your payment would be less than $600 without tax. go back to your dealer and ask for the specific #s before you sign.
#326 of 383 Did I get a good lease deal? by jhansen00 Mar 29, 2009 (3:48 pm)
I leased a RR Sport. 62,700 MSRP Car.   50% Residual, .00027 Money Factor (low)   $899 Cap Cost Reduction, $679 Per month.   This not not count MA state tax which is 5% and start up costs which was first months, aquisition fee, dcoumentation fee, title, registration, etc, but these were the raw numbers. I think it is pretty good for a 62K car because they had to bring the cost down to about 55K to make it happen. I want to confirm this. Any thoughts? Replies to this message: bethr (May 14, 2009 1:15 pm)

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