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You are in the Prices Paid - Buying & Leasing Experiences
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Land Rover Range Rover Sport, Land Rover Range Rover, SUV
#247 of 402 Re: COUPON FOR NEW RR 2008 [flugel]
Feb 17, 2008 (8:39 am)
Its not a Toyota, Honda, Nissan so no you won't buy one for a few hundred over invoice.
Are you serious? The Range Rover Sport is Land Rover's best selling model in the US and one of the hottest SUVs on the market even two and a half years after it came out. Only about 3,000 Supercharged Sports are brought into the US a year and there are no incentives on them so I don't see any dealer selling one for a few hundred over invoice.
#248 of 402 Re: COUPON FOR NEW RR 2008 [british_rover]
Feb 18, 2008 (10:19 am)
agreed...I purchased a supercharged in late 2007 for about $1800 off invoice and priced at three different dealers in two states. you can expect to get $1,000 to $2,000 off sticker for the RRS supercharged but not a lot more..... low supply keeps the price up... but this is a high end vehcle you either want or don't....will $1,000 really make the decison for you?
#249 of 402 deal for Range Rover Sport HSE 2008
Feb 19, 2008 (11:40 am)
I would like to hear thoughts/opinions on deal I have with a dealer here in Boston.
Lease-RRS HSE 08, Black/Ivory, Lux pkg, Sirius radio. MSRP - $62,400
48 mth/12K, $3000 cap reduction, MF - 0.0017, Residual = 41%, $730 mth plus 5% tax.
#250 of 402 Re: deal for Range Rover Sport HSE 2008 [hkrange]
Feb 19, 2008 (12:34 pm)
with no down payment? If you can get that deal, take it and run. RRS with luxury package usually runs you about $1000 or more per month. If you can get under that you are lucky.
#251 of 402 Re: deal for Range Rover Sport HSE 2008 [roverboy]
Feb 19, 2008 (12:37 pm)
Nah that is with 3,000 dollars cap cost reduction plus first months payment, plus taxes on the lease payment.
That is not a deal it is just the way a Sport leases.
Pull that 3,000 dollars of cap cost out and add in sales tax to the lease and you will be at over 1,000 dollars a month.
#252 of 402 Re: deal for Range Rover Sport HSE 2008 [british_rover]
Feb 19, 2008 (1:17 pm)
Really? When I try and calculate it out, I get an initial cap cost of $57,100. That is about $246 above invoice of $56,854. The sticker is $62,400. Let me know if I am calculating wrong or if I am forgetting something. Thanks!
#253 of 402 MF for Range Sport
Feb 20, 2008 (9:59 am)
Hi, I'm new to the board but have been lurking for a while. I live in the L.A. area and was hoping someone could help me find out what the current Money Factor and Residual are for an 08 Sport. I was quoted a MF of .00310 and a Residual of 63%. The dealer has dropped the price from 62k to 59k without any negotiation on RRS with Luxury and cold weather packages. $5,000 drive off $875 plus tax and 10,500 miles per year for 30 months. Is this even in the ballpark? The MF seems really high but the dealer said that's the base rate. Regards. Cenzo
#254 of 402 Re: MF for Range Sport [cenzo323]
Feb 20, 2008 (11:28 am)
cenzo, that residual sounds a bit high to me. And be careful with the math. If you add the $875 per month, plus the tax (assuming 7.5%), PLUS your down payment you get the real number.
$875 + $65 tax + $166 (down payment divided by 30 months) = $1106.
That is in the ballpark, but I would try to get it down to around $1050 per month. They are messing with you on the residual and MF. Interest rates are going way down. Do you plan on buying the truck after you lease? I've dealt with these leases for a long time, they always trick you. first decide if you are going to buy the car (or want the option to do it without getting raped) and then do the math. I would try to get out the door with $1050 per month and 2000 down out the door.
#255 of 402 Re: MF for Range Sport [roverboy]
Feb 20, 2008 (2:09 pm)
Thanks Roverboy, Any idea what the current MF rates and Residual should be? Also, does Land Rover do multiple security deposits like BMW in order to bring the MF down?
#256 of 402 Re: MF for Range Sport [roverboy]
Feb 22, 2008 (10:29 am)
Please understand that residuals are set from the bank and they can't be adjusted. The reason that residual seems high is because it is for a low mileage 10,500 miles a year lease. The published residual rates are for 15,000 miles a year. LRCG increases the residual by 3 percentage points for a 10,500 miles a year lease.
Secondly interest rates have gone down but Land Rover lease programs are quarterly and the big interest rate drops happened after the start of the quarter. Land Rover won't adjust the lease programs till after the end of the quarter.
And lastly Land Rover leases are always going to be higher on a similar MSRP vehicle compared to BMW, Audi, Mercedes etc. because Land Rover's volume is so much lower. Land Rover can't afford to put all the incentives behind the lease that the other makes do.