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Land Rover Range Rover/Sport Prices Paid and Buying Experience

334 messages,  Last post on Nov 01, 2009 at 11:05 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#250 of 334
Re: deal for Range Rover Sport HSE 2008 [hkrange] by roverboy
Feb 19, 2008 (12:34 pm)
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Replying to: hkrange (Feb 19, 2008 11:40 am)

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 334
Re: deal for Range Rover Sport HSE 2008 [roverboy] by british_rover
Feb 19, 2008 (12:37 pm)
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Replying to: roverboy (Feb 19, 2008 12:34 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 334
Re: deal for Range Rover Sport HSE 2008 [british_rover] by hkrange
Feb 19, 2008 (1:17 pm)
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Replying to: british_rover (Feb 19, 2008 12:37 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 334
MF for Range Sport by cenzo323
Feb 20, 2008 (9:59 am)
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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 334
Re: MF for Range Sport [cenzo323] by roverboy
Feb 20, 2008 (11:28 am)
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Replying to: cenzo323 (Feb 20, 2008 9:59 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 334
Re: MF for Range Sport [roverboy] by cenzo323
Feb 20, 2008 (2:09 pm)
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Replying to: roverboy (Feb 20, 2008 11:28 am)

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?
Thanks again.
#256 of 334
Re: MF for Range Sport [roverboy] by british_rover
Feb 22, 2008 (10:29 am)
Reply

Replying to: roverboy (Feb 20, 2008 11:28 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.
#257 of 334
Help! should I buy a 2006 Range Rover HSE or an 2006 Range Rover Sport? by sctomlinson
Mar 11, 2008 (4:42 am)
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which will be more reliable?
 
I have been dealing with my local dealer in Nashville, tn (my experience with them so far has been a joke) but it seems that a certified vehicle from them is the way to go . What I really want to know is which of the 2 lux vehix would be the better choice from a repair and maintenance standpoint. I've heard mixed reviews?? Please help.
#258 of 334
Purchasing a 2008 RR Supercharged by bbeezy
Mar 20, 2008 (6:36 pm)
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Hello All, I'm new to the forum. I'm just looking for advice on purchasing my first Range Rover. I want to purchase in mid-May. I live in the New Orleans area if that helps at all. Thanks in advance.
#259 of 334
Re: Purchasing a 2008 RR Supercharged [bbeezy] by salesguide
Mar 21, 2008 (4:00 pm)
Reply

Replying to: bbeezy (Mar 20, 2008 6:36 pm)

what type of help do you need. I sell them in Frisco Texas.

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