End of Lease Range Rover Sport

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Hi, Guys.

Looking for some advice. I’m at least end on a 2019 Range Rover Sport HST. It’s been a great vehicle, love it. I’ve got a month to decide whether or not to buy it out, turn it in, or trade.

I’ve been able to get a rate of 5.44% to purchase which reduces payments by $300 a month. The dealer is telling me that I’d have to certify it to extend the warranty and the cost is $4800 for two years. I’ve also been shopping around a little bit looking for a new SUV and I’ve been offered anywhere from 3K to 10K by other dealers in equity on it. No one is willing to cut me a check. They all want to roll it into a new lease.

With lease rates being what they are, cars that are 20K less than my RR are costing 300-500 more than what I’m paying now. Would love a Yukon Denali or Tahoe but I’m not paying what they’re asking. Even with the equity on my car, payments would still be 200-300 more than my current lease payment.

Audi tried getting me into an S5 (I was looking for an SUV), offered me 8500 for my car and then payments of $900 a month for a 68K model. 36 months, 15K miles per year. No idea if that’s a good price or not or whether I really want to consider a sedan.

Ok not to make it more confusing but I’ve just gotten divorced, have two young kids that play travel sports and we’re always on the go. No idea what to do! Any thoughts would be seriously helpful.

Thx!

How many miles on your current car and what’s your buyout? Any issues during your lease term? Do you need a new vehicle, or just want one?

You have a chance to give back a 5-year-old RR Sport and get out with some shekels in your pocket. Do you enjoy spending time with your service advisor?

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I’m seeing 8% off for in stock units (was it Yukon or Tahoe) offered by brokers on marketplace here. No idea on current lease programs though, but I suggest you get in contact with brokers here and see if these discounts make sense in context of a lease for you

I’m in the process of finalizing Q5 Sportback deal for myself this week. 10% dealer discount + whatever incentives you qualify. If you have Penfed, its $750 on Q5 SUV or sportback. Also, decent lease program for North East, with strong residual and manageable money factor. I’m at $610 effective monthly on 58K MSRP for 36/7.5K lease with NYC taxes and Penfed. Suggest you look at that too, specifically for Q5 Sportback, as its program is better than reg Q5 this month.

That sounds like an awful deal. I would recommend checking out the Marketplace for Audi brokers to see what type of deals they have. FWIW, Audi S cars never leased well (for the most part) due their low residual value. With higher interest rates, leasing one might not be the best option. Have you considered an A6 with the 6 cylinder engine?

Congrats on your divorce!!

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38K miles. Only one issue that I had but it was resolved quickly. I don’t NEED a new vehicle but I’m looking to cut my payments to $1000 or less per month. I can do that by converting this to a finance and buying it out BUT they’re gonna hit me with $4800 to certify the car so I can add the extended warranty to it. I honestly really want to stay in an SUV but others I’ve looked at with stickers of 20K less than my car are leasing for 300-500 more per month. It’s nuts out there.

I know, I know. I’ve heard it from all my friends and family. But I’ve not had any issues with the car, only have 38K miles on it, and I have no idea what I’d replace it with at a reasonable price.

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I really wanted to stay in a sizeable SUV because I have kids who play travel sports. Between equipment and the amount of time we spend in a car, I like the space. I really had no intention at all of looking at the S5 but it caught my eye and I just decided to give it a whirl. The problem I’m having is that it seems of all the dealers I’ve spoken with, Audi has been the most aggressive about pursuing me … and my car.

No such thing as a miserable divorced person. That’s for sure!

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I’d assume you’d want something more fuel efficient than a Yukon?

NTM the payments on those are eye-watering.

I know it sounds counterproductive, but the gas means less to me than the monthly payment. Payments are crazy. One dealer offered me 11K for my RR, put that equity towards an 85K Yukon Denali, and payments still came out to like $1250. I’m paying a little more than that now on a car with an MSRP of 10K more and I think I only came out of pocket for taxes and fees up front.

Aside from MPG, do you need something as large as a Yukon? What sort of equipment could 2 kids have that couldn’t fit in the back of a Telluride or Passport?