Last post on May 12, 2013 at 3:00 PM
You are in the Prices Paid - Buying & Leasing Experiences
What is this discussion about?
Land Rover Range Rover Sport, Car Leasing, SUV
#53 of 548 Re: Upfront Lease on RRS [tallwoods]
by Car_man HOST
Jan 31, 2006 (3:48 am)
No problem, tallwoods. In your most recent post you mentioned the selling price of the new truck that you are interested in, but you never mentioned its MSRP. I need both of these numbers to estimate what your monthly lease payment should be for you. For now, I can tell you that Land rover Capital Group's current buy rate lease money factor and residual value for a 48 month lease with 15,000 miles per year of a 2006 Land Rover Range Rover Sport HSE are .00303 and 45%, respectively. Once you let me know the MSRP, I'll tell you what this truck's payment should be like.
Smart Shopper / Prices Paid Forums
#54 of 548 Re: Upfront Lease on RRS [Car_man]
Jan 31, 2006 (12:22 pm)
Ah, okay on this vehical the MSRP is the same as the selling price. There are no deals. In fact, I'm told that just getting it at MSRP is a deal
#55 of 548 Re: Upfront Lease on RRS [tallwoods]
by kyfdx HOST
Jan 31, 2006 (2:16 pm)
Okay..... What is the MSRP?
#56 of 548 Re: Land Rover Range Rover Sport: Lease Questions [surfd90]
Feb 06, 2006 (4:08 pm)
Looks like your money factor is .00273 which translates to about 6.54%. I think the rate is a little high. I went to Leasetrader.com and saw someone trying to get rid of a RR Sport HSE for $975/mo. Go to http://www.leasetrader.com/auto/lease/search/2006_Land_Rover_HSE_Sport_Utility_V- 8_93741.xhtml. Personally, I think you can do better, but I guess it depends on the market conditions in your area. By the way, both the residual and the money factor can be negotiated. Best of Luck!
#57 of 548 Re: Land Rover Range Rover Sport: Lease Questions [chevallier]
Feb 06, 2006 (8:53 pm)
The residual and money factor are not negotiable. The bank sets the residual and money factor based on market conditions. The residual is adjusted to reflect different amounts of mileage. For example, a 15k mile per year lease will have a lower residual and a higher payment than a comparable 12k mile per year lease. In regard to the money factor, it can change depending on mileage. For example, Land Rover could offer a better money factor (lower money factor) on a 36 month lease than it does on a 24 month lease or vice versa. It all depends on market conditions. Also, prepaying a lease will in turn reduce your money factor by a bank determined reduction in the money factor because the bank is taking less risk and knows that all payments will be met. Hope this helps.
#58 of 548 Credit Score
Feb 10, 2006 (9:20 pm)
What's the average credit score of those who purchase cars from Land Rover?
#59 of 548 Re: Upfront Lease on RRS [tallwoods]
by Car_man HOST
Feb 17, 2006 (3:35 am)
I see, tallwoods. I knew that the Range Rover Sport was selling well and that Land Rover dealers would probably try to get as much as they could for it, but I didn't realize that they weren't providing any sort of discounts at all. If you were to lease a 2006 Land Rover Range Rover Sport HSE with an MSRP and selling price of $58,050 through Land Rover's captive finance company right now for 48 months with 15,000 miles per year, its zero down, pre-tax monthly payment should be around $921.
Smart Shopper / Prices Paid Forums
Feb 20, 2006 (3:56 pm)
Here's what they're telling me to lease one of these RR Sport HSE's.
MSRP 61,400 (Base plus the luxury seating package)
Cap cost-- 60,000
36 mos/ 10,500 miles/ 2K out the door. (I have excellent-plus credit)
$1,070 a month!!! (CA tax included) That seems crazy for a 60K truck with incredible residual potential.
is this right Car Man? I got quoted $895 all in on a Cayenne S that costs five grand more and just a few months ago, my brother leased a 745li (MSRP 78K) for 36 months with 2 grand out the door for 1140 a month! Just a few dollars more...
Holy Moly! This can't be right. Please tell me this dealership in thousand oaks is just yanking my chain. Or is it cuz the car's so hot? seems crazy.
Is there any way to find this car in the high eight hundreds or even low nine's without putting more money down? That seems like what a truck in the 60 thousands should lease for, or am I crazy?
Thanks for your help!
#61 of 548 Re: Holy Moly [monkeyshift]
Feb 24, 2006 (3:39 pm)
That fits with what I am seeing for leases on the other side of the country.
Couple of things you have to remember. There is none, zero, zilch support behind the Sport leases. You aren't getting any break on the Money factor or the residual. The seven series and Cayenne have a fair amount of marketing support behind their leases. The dealer is probably bumping your MF a good bit too. I know we do at least a little to get some back end. Find out what MF they are using and make sure it is not exessivly bumped. That is one thing you can negotiate to get your payment down.
Other thing to remember is that Land Rover leases roll property tax into the payment. Most other makes don't do that. In order to compare leases you need to compare base payment only no taxes.
#62 of 548 Re: Holy Moly [british_rover]
Feb 25, 2006 (11:46 am)
Thanks british rover, I appreciate the feedback.