2020 Range Rover Velar R-Dynamic P250 S loaner 5,200 miles How should I counter?

Ask the Hackrs
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Hi Guys,
First time looking into this and have tried reading through to grasp MF / Residual value and I have a feeling this deal is pretty underwhelming. (very glad I found this site) Long story short, will be starting a new family soon and looking for a decent deal on a Velar in the NY NJ area. Below is what was quoted and I will try my best to notate from what I’ve read through the forum. Any help is much appreciated!

Not sure if I did this correct in the lease calculator, but when I calculated 10% off MSRP plus changed the MF to .00076 the lease came out to slightly under $630 Monthly, not sure if this is a reasonable counter. Below is what I was offered. (Pictures below as well) !

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Credit is 800
2020 VELAR R- Dynamic P250 S Loaner 5,200 miles
MSRP -$58,500
Selling Price - $54,150
Residual - 52.445%
39/12k
MF - .00173%
DAS - 5,260.48
Monthly - $747.30
NY ZIP - 11356

went to a NJ dealership.

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Good choice. It’s hard to start a family without a Velar.

#VelarMania2021

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$860/mo on a $58k loaner velar? That sounds horrible. Like run, don’t walk, bad.

With the mf mark up and the rv knock down for loaner status, you could probably get a new one at msrp for less money.

@AutoCompanion can you help prevent this tragedy?

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Or move to Boston and pahk ya Velah on Havahd Yahd: 🦞 BostonCarConcierge Velar Deal for New England-Update 3/12 - #5 by Bostoncarconcierge

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Yes, I know not the greatest choice, but wifes preference…

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I get t! The perfect smooth, undulating lines of the Velar get you aroused and that’s how the baby thing happens!

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Unfortunately, it got me! the Temptation was too powerful. Also saw the post from bostoncarconcierge, but need 12k mileage plus headsup display and all the useless stuff like black on black trim.

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Yeah, the car itself is pretty much exactly what we want, but know I have to walk away from this offer. Wondering if I can counter here

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I refuse to believe you or your lovely wife need a HUD. Unless… are you F1 drivers?

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Aspiring to be… or so it seems.

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F1 drivers probably wish they had a HUD!

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Don’t tell people what they “need” or don’t need :slight_smile:

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lets say more than a need, an extremely high want

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This car is being sold CPO and not new, it looks like. I imagine that could make it hard to benchmark any deal tbh. Did they explain that?

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Can you? Absolutely

Are they going to close thousands of dollars of gap between where you are and where.you should be? With that opening offer, I wouldn’t hold my breath.

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they did not explain that, asked them to print the offer and told them it seems a bit high and would be in contact later.

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So if i understand this correctly basically the MF markup is very high and any other factors here?

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I don’t think a CPO Velar is going to make sense as a lease. Find a true demo that can be sold as a new car and not used.

I can hook you up with my guy at Catena but if you already went in you should really stick with the person who took your up.

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They had this in the new car section, no signs of CPO there and said it is being sold as a new car accordin the rep. Catena guy named HAZI in edison.

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https://www.carfax.com/VehicleHistory/p/Report.cfx?partner=DEY_0&vin=SALYK2EX4LA287087

It is a very sharp looking example.

I see twins in your future, Tony.

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