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Land Rover Range Rover/Sport Prices Paid and Buying Experience

400 messages,  Last post on Feb 05, 2012 at 6:31 AM

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

Messages Page 15 of 41

#132 of 400 RR Sport ridiculous lease prices by eugenek1

Apr 02, 2007 (7:39 pm)

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?

#133 of 400 Re: RR Sport ridiculous lease prices [eugenek1] by british_rover

Apr 03, 2007 (7:10 am)

Replying to: eugenek1 (Apr 02, 2007 7:39 pm)
That is how the leasing program is set up. Even if the dealer gave the car away for a loss then they could not match those other lease numbers.
 
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?

#134 of 400 Re: RR Sport ridiculous lease prices [british_rover] by roverboy

Apr 03, 2007 (10:10 am)

Replying to: british_rover (Apr 03, 2007 7:10 am)
try swapalease.com. that's where you will get the best deal. although they still try to screw you. it used to be you could get a RRSport luxury for $900-1000 per month, but now the demand is exceeding the supply, so they are milking it. I would wait until the end of this year if you can. they just refreshed their inventory. two months ago, you couldn't find many of these cars in the entire bay area. they have leverage over you bc of limited supply. it's pure economics. but swapalease dealers are advertising $750 plus tax. but that will cost you $5000 down. so essentially it's over $1000 per month if you pay nothing down. I would wait if I were you.

#135 of 400 Second Thoughts by carriere

Apr 10, 2007 (7:16 pm)

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.

#136 of 400 Still Scratching by carriere

Apr 10, 2007 (10:10 pm)

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

#137 of 400 Re: Second Thoughts [carriere] by british_rover

Apr 13, 2007 (6:59 am)

Replying to: carriere (Apr 10, 2007 7:16 pm)
It is the RRS Supercharged not turbo and yes it won't have any problems towing 7,700 lbs with either the 20 inch or 19 inch tires. You are no where near the weight raiting of those tires even if you are at the maxmium tougne wait on the Sport.
 
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.

#138 of 400 Re: Still Scratching [carriere] by teamyonex

Apr 13, 2007 (8:14 am)

Replying to: carriere (Apr 10, 2007 10:10 pm)
Isn't X-Plan pricing DEFINED as 4% over invoice? My experience is that one can do better than X-plan through the usual car buying/negotiation tactics. Good luck.

#139 of 400 Re: Still Scratching [teamyonex] by british_rover

Apr 13, 2007 (8:41 am)

Replying to: teamyonex (Apr 13, 2007 8:14 am)
It is either 4 percent over invoice plus Destination charge plus any RAG(Regional Advertising Group) fee.
 
Sometimes you can do better then X-Plan sometimes you can't. It depends on the car you are looking at and the region you are shopping in. In our store you could do better then X-Plan, although only by a tiny amount, on LR3s but we won't honor X-plan pricing on Range Rovers.

#140 of 400 2007 Range Rover Sport SC Lease etc by johnchall24

Apr 13, 2007 (9:52 am)

I have been shopping around for a Range Rover Sport Supercharged since December 2006 and have certainly noticed some price fluctuation in the last few months. For example in late December, I managed to negotiate down a Range Rover Sport with an MSRP of $73,550.00 down to $69,550.00, but decided against it as I felt the lease prices were a bit high, and I wanted to wait for the 2007 model. I really want this car but at the same time I don’t want to overpay. Surely it is just a matter of time before the market catches up with this car, as more and more get sold, traded etc. Supply seemed to dry up in January/February, but the dealers are getting some cars now and here are the prices I have been quoted. We have two Land Rover dealers in Houston:-
DEALER 1. (April 2007)
MSRP - $71,250.00
15,000 miles
39 month lease
Residual - $37,050.00
Money factor - 0.0033
Money down - $5,000.00
Monthly payment - $1,299.00
 
DEALER 2. (December 2006)
MSRP - $73,550.00
Discount from MSRP - $4,000.00
15,000 miles
39 month lease
Residual - $47,807.00
Money factor - 0.00462
Money down - $5,000.00
Monthly payment - $1,072.00
 
LOCAL LEASING COMPANY. (December 2006)
MSRP - $73,550.00
Discount from MSRP - $4,000.00
15,000 miles
39 month lease
Residual - $34,800.00
Money factor – 0.00234
Money down - $5,000.00
Monthly payment - $1,117.00
 
What is a reasonable or fair residual for this car after (39) months and what is a reasonable money factor? First year depreciation must be about 20%, then 10% each year thereafter?

#141 of 400 Re: 2007 Range Rover Sport SC Lease etc [johnchall24] by eugenek1

Apr 14, 2007 (9:36 am)

Replying to: johnchall24 (Apr 13, 2007 9:52 am)
I have been to a couple of dealerships in NYC area in the past couple of weeks and in addition to being very snobby and acting like they are selling me a Rolls Royce, I have seen quotes from $1280 to $1399 for a 39-mo 12K/mo lease with zero down (i.e. first month + bank fee). The MSRP of the car is $71,250. At the same time I can lease a $69.5K 2007 Audi Q7 4.2 for $890/mo. They are totally out of touch with reality.

Messages Page 15 of 41

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