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Land Rover Range Rover Sport Lease Questions

384 messages,  Last post on Nov 29, 2009 at 3:07 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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#41 of 384
Credit Score & Leasing by jbratx
Jan 14, 2006 (1:02 pm)
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What is a good credit score (FICO) to have in order to get a great deal on a lease for a 2006 RRS HSE? When I say great deal, I mean some of the deals that have been outlined in this forum.
#42 of 384
RR Sport Quote by atsu888
Jan 16, 2006 (1:06 pm)
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I just returned from a dealership that offered:
RR Sport
MSRP $58K
$3000 down
30 months/10K miles
$822.00 plus tax
Curious to see if that a good deal..
#43 of 384
RRS leasing by hvf
Jan 16, 2006 (5:06 pm)
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atsu888
What equipment has the car that you're talking about?
DOWN PAYMENT
Taxes?
#44 of 384
RRS Leasing in betwen two states by hvf
Jan 16, 2006 (5:08 pm)
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Carman
I'm currently in NY state moving to florida in few months (3). How should the taxes be calculated. Would it be beneficial just lease down in Florida?
 
HVF
#45 of 384
RRS Supercharged Lease by acuranavi
Jan 18, 2006 (10:48 pm)
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Hi,
 
Can you provide the money factor and residual value on a 2006 RRS supercharged 36 month lease with 12,000 miles a year?
 
Thank you,
Steve
#46 of 384
Re: RRS Supercharged Lease [acuranavi] by dallasrange
Jan 21, 2006 (1:42 pm)
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Replying to: acuranavi (Jan 18, 2006 10:48 pm)

OK guys great thread and very helpful
 
Couple things off topic before i get into the lease.
The dealer here in Dallas told me that if i purchase a car from another dealer I will NOT get a car while my car is being serviced. I own and owned many luxery cars Mercedes/BMW/Porsche and never heard of such a thing before. Is this true?
 
I was also told at the same dealership that a RRS lease for 36 months zero down would cost me about 1200... reading this thread i see that is crazy. Im not idiot but to me this sounded way to high so i left and decided to do some research. I usually buy but i end up loosing since i keep them for 3 years and get something new anyways.
 
30-36 months
$3000 total out of pocket
13-15K miles (really need 15k)
I have perfect credit around 750-780 FICO
 
Lease question is:
 
I want to do a 32-36 month lease on a RRS with no more than $3000 out of my pocket including taxes and any first payments up front. The options and prices cut and pasted from rover is as stated:
 
Range Rover Sport HSE
Base MSRP $57,250
  
   
Colors - Edit
Rimini Red $0
Alpaca Seats/Alpaca Carpet $0
  
   
Options - Edit
Rear Seat Entertainment $2,500
Satellite Radio $400
Personal Telephone Integration $400
Cold Climate Package
TOTAL COST: $61850
 
Can someone please assist me and tell me what I should or shouldnt pay for this car. I would really like to stay in the 850 range taxes and all a month.
 
THANKS IN ADVANCE!
#47 of 384
Re: Upfront Lease on RRS [tallwoods] by Car_man HOST
Jan 30, 2006 (3:22 am)
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Replying to: tallwoods (Jan 03, 2006 11:38 pm)

Hi tallwoods. There definitely are some things that I don't like about this deal. First, I always advise consumers against making any sort of down payment when leasing. I do so for two main reasons. The first is if your vehicle is totaled in an accident or stolen during your lease, your insurance company pays off the bank that you were leasing it through and your down payment essentially disappears. The second main reason is that down payments on leased vehicles do nothing to reduce their lease-end purchase prices. So your lease-end purchase option price for Range Rover Sport would be exactly the same, regardless of whether you had put $5,000 down, or had made absolutely no down payment at all.
 
Also, 60 months is way too long to lease any vehicle for. I don't even know if Land Rover will lease their trucks for that long a term. Locking into such a long lease, makes it more likely that you will need to get out of your deal early than if you had leased for a shorter term. Getting out of leases early is usually very expensive to do. You would be much better off leasing the Range Rover Sport that you are interested in for 48, 39, or 36 months.
 
I'd be happy to run some calculations for you and let you know what this truck's lease payment should be like right now if you tell me its full MSRP.
 
Car_man
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Smart Shopper / Prices Paid Forums
#48 of 384
Re: RR Sport Quote [atsu888] by Car_man HOST
Jan 30, 2006 (3:25 am)
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Replying to: atsu888 (Jan 16, 2006 1:06 pm)

Hi atsu888. You never mentioned the selling price of the truck that you are interested in leasing. This is an important number 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 the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion on this lease if you let me know what the selling price is.
 
Car_man
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#49 of 384
Re: RRS Leasing in betwen two states [hvf] by Car_man HOST
Jan 30, 2006 (3:27 am)
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Replying to: hvf (Jan 16, 2006 5:08 pm)

Hi hvf. I am not personally familiar with how sales tax is calculated on leased vehicles in Florida. You may be able to find out by visiting one of the following links: Florida Department of Highway Safety & Motor Vehicles or State of Florida Department of Revenue.
 
Car_man
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#50 of 384
Re: RRS Supercharged Lease [acuranavi] by Car_man HOST
Jan 30, 2006 (3:28 am)
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Replying to: acuranavi (Jan 18, 2006 10:48 pm)

Hey Steve. Here's the information that you are looking for. If you were to lease a 2006 Range Rover Sport Supercharged through Land Rover Capital Group right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00305 and 59%, respectively.
 
Car_man
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