MSRP was $79k. They were asking for $72k. I negotiated down to $70k then started talking lease.
25k down payment LOL, thatās a huge yikes from be dog
Yes yes Iām very fortunate to have found this thread. Iāll get the paperwork in the mail today and will toss it in the garbage.
You guys actually managed to talk me out of leasing altogether!
Now is $70k a fair selling price for this vehicle or is this not the right forum to ask that?
So if I would still want to lease, letās say I ask for zero down, what monthly payment would be sensible for this particular vehicle?
Thereās a few threads on them. Just do a search to see what others are getting.
I wouldnāt be too hasty about buying it. It could lease okay with the right negotiation. Iāve seen some good numbers on the Velar posted here, would that appeal?
Itās your money and if you love the vehicle then you should get it. However you really have to go into buying a Land Rover with your eyes and wallet wide open. You may love the car, but chances are you wonāt be seeing much of it. The depreciation is also pretty horrible.
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If you can write a check for 25 why not finance and Sell In 3 years?
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I have a feeling that selling a used 3 year old out of warranty Land Rover is probably an even bigger losing proposition than a lease on one of them.
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He said itās cpo so it would still have warranty left I think.
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Looks like 7/100k so you might have a point there
My intention was certainly not to talk you out of leasing period. Leasing can save TONS of money, especially on a vehicle like this that depreciates like a rock. But in this case presented where you proposed leasing a used vehicle for essentially a new vehicle price, youād lose thousands of dollars leasing it vs just purchasing a used vehicle that was offered for a good price. Perhaps tens of thousands of dollars, since the purchase price seems incredibly inflated for a used car.
If you are going to purchase, Iād definitely look for a CPO with the 7yr/100k mile warranty. If you for some reason only want this particular one, youād only get the balance of the 50k mile warranty if itās not currently CPO. I think a reasonable deal would be 25% off MSRP and offer a 100k warranty for free, but Iād double check this by looking for similar examples on Autotrader/Carmax/etc and using resources such as KBB, Edmund TMV, etc. Or walk away from this one and find one with low miles CPO for $45-60k. Thereās hundreds available around the country.
Regardless, you definitely do not want to own or sell an LR out of warranty if you are cost conscious.
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Where are you located? If youāre still interested in a lease, please talk to some of the well known lease-brokers in this areaā¦
Quentin/Benedetto will do the necessary leg work for you.
If youāre trying to buy, my suggestion would be to look at used (but CPO) KBB/NADA values (for that exact year/model/mileage combo) and negotiate down possiblyā¦ Good luck!
Looks like you dodged a bulletā¦
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Man, you dodged the bulletā¦ Low monthly / high downpayment is the oldest trick in the book. Being a regular in this forum made me think nobody falls for it anymore.
I would assume so too, but maybe not. Hereās a 2015 with 52k miles at CarMax for $43k;
https://www.carmax.com/car/16601717
If he could buy the 2018 for 70k, sell it in 3 years for $43k, he would come about about $20,000 cheaper than the original lease deal.
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Donāt be surprised if the Carmax car is above market valueā¦
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How do you check the oil on a Range Rover?
OP: For rough reference, we were offered 5% off either a RRS TD6 or Discovery HSE Lux TD6. Both 2019, custom ordered. New.
We chose and leased the Discovery because the MF and residuals were better. We did 33/10K for $820/mo on an $80K MSRP (obviously a very loaded vehicle) with the minimal fees and taxes paid up front. We didnāt hit the 1% threshold but came close, and this on a marque not known for leasing well.
Youāve gotten good advice here. Run from this dealer and this vehicle. Talk to one of the good brokers on this site. Well worth a couple hundred bucks to help you out since youāre new to leasing. If youāre not in a rush, step back and take your time to bone up on leasing strategies, the key variables to negotiate, etc. and go back into the market when youāve done your research.
When we leased ours, I contacted about a dozen dealers in the Northeast. Basically anyone I was willing to drive to rather than pay to ship. I was very explicit about the vehicle I wanted, the build/option specifics, etc. All I asked for was best price, MF, and residual.
Several were annoying and told me I had to come in, call, test drive, whatever. A few came back with actual numbers. From there it was just simple mathā¦
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Like itās been stated multiple times just reach out to a Broker.
Is this the beginning of a joke? 
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Itās worse. Iām the one who asked the dealer for it; call it lack of (leasing) experience, if youāre kind lol.
Donāt throw the contract away when you get it, share the details of the lease breakdown and we can help you understand whatās possible.
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