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SUVs Land Rover Land Rover Range Rover Sport: Lease Questions
384 messages, Last post on Nov 29, 2009 at 3:07 PM
You are in the Land Rover Forum. Your Hosts are steve_ & tidester
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Hi everyone. Please use the following discussion to post any questions that you have about leasing a Land Rover Range Rover Sport. Thanks. Car_man Host Smart Shopper / Prices Paid Forums |
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Replying to: Car_man (Aug 31, 2005 3:23 am) Here is the lease they are proposing: MSRP and Cap Cost with the options - $63,400 bank fee $695 total cap $64,095 RESIDUAL $33,588 (is this fixed or can it be negotiated?) total depresication $30,507 license $480.75 other fee $45 15k miles - 36 months $1,693.89 drive off $1164.55 per month 15k/mo - 36 months $6,987.28 drive off $1000 per month Do you think i can do better? Thanks in advance. |
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Replying to: surfd90 (Aug 31, 2005 8:17 am) |
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Replying to: surfd90 (Aug 31, 2005 8:17 am) Ask them to try Chase's lease rates. They are very good. |
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Those numbers seem similar to what I am getting quoted in San Francisco ....but i am thinking it may be a better purchase than a lease |
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i just leased one last week, sticker was 60k, i got 2300 off sticker. 1900 at inception (first month, sec and fees) and my payment is 839 a month before local taxes.
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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 Host Smart Shopper / Prices Paid Forums
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That was very helpful analysis! Much appreciated. dwax1...where did you get your car? I am in California thanks |
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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.
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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 
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