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Prices Paid: Buying & Leasing Experiences Land Rover Range Rover/Sport Prices Paid and Buying Experience
295 messages, Last post on Jul 05, 2008 at 2:31 PM
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I am looking at a RoverSport HSE 07, lease 30 to 36 mos. 10,000 mi. I live in TX and am being quoted mo payments much higher than what I have read here. $1100 with tax credit and as high as $ 1400 without. (no money down) Has anyone had luck in TX getting payments in the high 800's and low $ 900'S?
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Replying to: mrmason (Mar 30, 2007 6:16 pm) No one is going to get into the 800-900 dollar range on a 2007 Sport without a lot of money down. Wait till the middle of next week when the new lease programs come out. The payments will be slightly better but probably not in the 800-900 range. |
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Replying to: p_whitney10 (Mar 13, 2007 12:55 am) 1. What is going on with ridiculous lease prices I have seen? A zero down lease on a $70K car should not cost over $1K. Why are LR dealers charging these insane prices? Is it due to poor residuals? Demand? Does anyone have an idea? 2. Can any existing owners comment on reliability? In addition to LR having the absolute worst ranking in the 2006 JD Power & Associates survey, I have seen a huge number of posts on various web forums with people having a tremendous amount of problems with their Land Rovers. My existing vehicle is an Infiniti FX and I had two minor problems with it in the 38 months of the lease. I know that Land Rover reliability cannot compare to Japanese cars, but constant problems with Rover would simply ruin my life and my family's life, so I am wondering if there have been any quality improvements recently. I have seen several posts about 08 MY models coming out in June. Does anyone know if any changes were made to 2008 RRS? Can anyone comment on their experience with level of service in the dealerships of NYC area (or tri-state area). While looking for a best price, I exchanged emails with a dealer in MD, who acted very snobby (as if he was selling me a one of a kind vintage Ferrari). He gave me the "if you have to ask how much is a Rolls Royce, you probably cant afford it" type of speech, which really pissed me off. Thanks in advance for any info you provide. Eugene |
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Can someone please shed some light on why Land Rover dealers are asking for INSANE amounts of money for RRS leases? I have done some shopping around and found the following prices for a 36 month lease with 0 down and 12K miles/year: 2007 BMW 745LI (MSRP $82,675) - $1120/mo 2007 MB ML 500 (MSRP $66,670) - $999/mo 2007 Audi Q7 4.8 Premium (MSRP $63,940) - $930/mo 2007 MB G500 (MSRP $86,000) - $1300/mo ...now compare that to... 2007 Range Rover Sport (MSRP $66,950) - $1295/mo 2007 Range Rover Sport Supercharged (MSRP $71,250) - $1395/mo Notice anything strange? I mean - what is the deal? What gives? Poor residuals? Dealer greed? All of this for a vehicle that was placed LAST in the 2006 JD Power initial quality survey. Someone please explain to me what is going on?
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Replying to: eugenek1 (Apr 02, 2007 7:39 pm) The consumer has gotten addicted to these highly subvened leasing programs. Using real residuals and real money factors that is what a 60,000-70,000 dollar car leases for. No luxury vehicle has a 70 plus percent residual over 24 months like BMW normally puts on their leasing programs. The current Prime Rate in the US is 8.25 so real money factors will be at or around that rate. The residuals for the Range Sport are fairly strong, it did win an award for best residual value in its class, but the money factors are very, very high. They are prime plus whatever Land Rover decides to tack on and will stay that way as long as the Sports keep moving off the lots. Land Rover hasn't had any problem selling them even with the high lease payments. https://www.alg.com/awards.aspx As long as ground stock stays low then the lease payments will stay high. Why stack incentives on a vehicle that does not need them?
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Replying to: british_rover (Apr 03, 2007 7:10 am) |
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The Range Rover Sport is the first SUV that I have seen that I would even consider purchasing as a replacement for my 99 Isuzu Trooper (135,000 miles and going strong). The more research I do however, the more that I feel that this vehicle is being marketed to be utilized for on-road use only. The RRS Turbo comes with 20" rims, and for the life of me, I can not find a tire manufacturer any where that produces a descent All-Terrain tire that could be mated to this size rim. Same can be said for the 19" rim found on the HSE. Mud flaps are a $191 option according to my dealer, a roof rack is a $648 option (and these prices do not include labor charges). Oh and the chrome side view mirrors is a 232 dollar option. Please tell me that this vehicle comes standard with a 2" trailer hitch.....Is this also an option? The dealer also told me that they could change the 20" rims out for 19" rims but that this would be an additional charge. I wonder what the charge would be to have the 20" rims switched out with the 18" rims found on the LR3? Jeez, one would think that if I were planning to spend $70,000 grand on a vehicle that these amenities (standard on many vehicles that are half the price) would be on the house. I know the vehicle is designed to tow over 7,000 lbs but are the tires that currently come standard on the RRS Turbo rated to handle pulling a trailer with this much weight? I regularly tow a tractor and implements(with the Trooper), and I would hope that the RRS Turbo could handle this as well. I guess I am one of the few who would actually try to use the RRS the way I initially thought it was designed to be used, those 20" rims and lack of a standard roof rack have me scratching my head though.
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Since I was a bit off topic with my last post, I am hoping that I can make amends with this post by comparing 2007 X-Plan pricing to MSRP pricing for the RRS HSE model. Correction of earlier post ($70 grand rather than $70,000 grand). RRS HSE X-Plan MSRP base $54,168.00 $57,235.00 lux pckg $ 2,840.00 $ 3,000.00 rear diff lck $ 474.00 $ 500.00 destination $ 714.00 $ 714.00 total $58,196.00 $61,449.00
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Replying to: carriere (Apr 10, 2007 7:16 pm) You can't fit rims smaller then 19 inch on the Supercharged Sport because of the huge brakes. You can fit 18 inch rims on the HSE Sport if you want as I have seen a couple of people do it. |
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Replying to: carriere (Apr 10, 2007 10:10 pm)
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