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Land Rover Range Rover Sport Lease Questions

549 messages,  Last post on Jun 09, 2013 at 2:16 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 2 of 56

#7 of 549 Re: surfd90 by Car_man HOST

Sep 08, 2005 (3:19 am)

Hi surfd90. While the selling prices of leased vehicles are negotiable just as if you were paying cash or financing, I am not surprised that the dealer that you are working with is trying to get close to full MSRP for the 2006 Land Rover Ranger Rover Sport right now because it is such a new model and it has been relatively well received by the public. I personally think that it is a really neat truck, though it is a little expensive.
 
One problem that I have with the lease that you were quoted is the large down payment. 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 your Range Rover Sport would be exactly the same, regardless of whether you had put nearly $7,000 down, or had made absolutely no down payment at all.
 
I will work up a sample lease payment on this truck for you to give you an idea of what it should cost to lease using Land Rover Capital Group's actual base lease program. According to my calculations, if you were to lease a 2006 Land Rover Range Rover Sport HSE (not the Luxury or Supercharged model) with an MSRP of $63,400 and a selling price of $64,095 (after adding in the $695 acquisition fee, which I though should only be $495 so there may be a little mark up going on) through LRCG right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $1,063. With a $6,000 capitalized cost reduction, which I strongly advise against, this truck's monthly payment would drop to around $879. I am not sure if there is any money factor mark up going on here because I don't know what the payments that you were quoted would be before tax. You may want to ask your dealer so that you can compare them to the payments that I came up with. Also, if there are any other Land Rover dealers in your area, you may want to see if you can get this truck for less than full MSRP.
 
Car_man
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#8 of 549 Car Man...thanks by brian500

Sep 15, 2005 (4:41 pm)

That was very helpful analysis! Much appreciated.
 
dwax1...where did you get your car? I am in California
 
thanks

#9 of 549 Know any Dealers in CA that deal? by lookinforhelp

Sep 16, 2005 (5:06 pm)

I read a posting here somewhere where the buyer got a RRS SC on the X Plan pricing (works for a Ford partner company) from a dealer. I can't find one in So Cal who will honor this pricing. Any suggestions?
 
Thanks.

#10 of 549 How does one weigh up leasing vs buying RRS by heli_doc

Sep 17, 2005 (10:36 pm)

I have always bought my vehicles, but now find myself being a partner in a new small business.
 
the business itself could borrow the 75K $ for a new SC RRS or I could opt to lease:
 
I guess i would be in the highest tax bracket, but I really do not understand whether that really matters.
 
Does the accelerated depreciation that i would be eligible for, make any difference?
 
Does acquiring a RRS with a lease make one less or more able to return a vehicle with a leaky sunroof?
 
I live in North Carolina in the Raleigh area, and have not contacted any dealerships yet
 
your advice or recommendations for further web based readings would be appreciated,
 
cheers
 
  

#11 of 549 Re: Know any Dealers in CA that deal? [lookinforhelp] by grommet

Sep 18, 2005 (4:24 pm)

Replying to: lookinforhelp (Sep 16, 2005 5:06 pm)
No dealers I know of will discount on RRS. And markups have been seen! LR3 is pretty easy for X-Plan, but the RRS is too new and inventory is even more limited. Welcome to California.

#12 of 549 Re: Car Man...thanks by Car_man HOST

Sep 20, 2005 (4:08 am)

You're very welcome brian500. I don't personally have a Range Rover Sport, though I wouldn't mind owning such a neat looking truck.
 
Car_man
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#13 of 549 Re: How does one weigh up leasing vs buying RRS by Car_man HOST

Sep 20, 2005 (4:11 am)

Hi heli_doc. I hesitate to answer any specific income tax questions because I am not personally an accountant. I can tell you though that you cannot return a truck with a leaky sunroof, regardless of whether it was financed or leased. If you have one that has this problem, you will have to take it to your local dealer to have it repaired under warranty.
 
Car_man
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#14 of 549 Lease-Am I getting a good deal? by ll10

Sep 26, 2005 (1:03 pm)

I am looking at the RR Sport, HSE with lux package, satellite radio and bluetooth. Sticker is $60,300, selling price $58,800. For 36 months, 10,000 miles it is about $925 / month. It is through Land Rover Capital. Their money factors strike me as high but I'm not sure.
 
Any thoughts?

#15 of 549 Re: Lease-Am I getting a good deal? by Car_man HOST

Sep 28, 2005 (3:08 am)

Hi ll10. Land Rover is not currently providing much in the way of lease support on the Range Rover Sport. If you were to lease a 2006 Range Rover Sport through Land Rover Capital Group right now for 36 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00285 and 60%, respectively. Using these numbers, an MSRP of $60,300, and a selling price of $58,800, I come up with a 36 month, zero down, pre-tax monthly payment of around $899. This is not that far from the payment that you were quoted. If you are having your truck's security deposit waived or if your quote includes tax, that would make up for the difference.
 
Car_man
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#16 of 549 RR Sport deal by rrfan1

Oct 03, 2005 (11:57 am)

it seems if MSRP is 57 for the HSE and invoice is closer toi 51k. with a little downpayment you could get 36 months & 10kmiles for $600/month.
 
putting down a small down payment, say $3k is not an issue as suggested above. I think that is is just a question of the time value of money. If the car gets totaled, insurance will pay to recoup the car.
 
does anyone else think it is possible to get the RR Sport base model for 600/month with 3k down?

Messages Page 2 of 56

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