Hello All,
New to this forum and trying to lease car for first time. Go easy 
Trying to understand numbers on this lease - Range Rover Velar
MSRP - $68,500 with options
Residual after 3 years with 10k miles - 56%
MF - .00019
DAS - $6,995
Monthly payment quoted by dealer - 649 + tax
Tried to run thru numbers on calculator and it comes pretty close. Sharing link below (hoping doing it correctly)
Any inputs (okay/good/blunder)? Don’t want to make a mistake in a hurry, need to figure out soon
Do you really want to pay $888 per month for a Velar?
What do you mean by MSRP $68500 plus options?
$7k DAS is a no go.
I didn’t double check everything, but you need to include sales tax, dealer fees and government fees (title, registration, etc).
If you are able (and if you’re leasing a Range Rover, I assume you’re able), become a Super Supporter and use the Rate Findr feature. You can input the VIN and see the discounts and other information about the vehicle that are super important for making the best deal.
It’s $15 that could save you thousands of dollars and supports this community.
Thank you everybody for your replies. I did check Rate Findr after becoming Suport Supporter to validate discounts and other stuff. It’s lot of money for Velar. I am going to keep looking for other cars/options
Thanks again for your replies
For your first lease, check out the Marketplace section. Might be easier and cheaper just to go through a broker.
Related to the post above, is it actually a lot of money for a Velar? Or is it just a lot of $ in general? What is your target deal?
I would still recommend taking the time to get comfortable with how to gather and then put the required values into the calculator (which will next enable you to model a target deal regardless of your desired vehicle, and then make offers vs. asking for prices [the latter is generally futile]).
The learning curve is well worth it. Ask specific questions for further guidance.
Thanks again for recent replies. I am reading more and getting more comfortable with calculator and other details.
I have always bought cars before and want to try leasing this time. I might work with broker this time for first lease but definitely interested in learning more about leasing.
The value prop of lease deals is all over the place. Some cars lease well and some don’t.
Start with Signed Deals & Tips to get a sense of the best
Look at Marketplace if you’re curious about other cars
If it’s not listed there it’s probably atrocious