trying to lease a Range Rover- 36/12. There’s zero posts here or anywhere for that matter. Appreciate any input. I don’t wanna pay $2500 a month
Don’t think you will find anything because it is not really hackable. Pay to play vehicle.
Well yeah nobody in their right mind leases something when it makes more sense to own it.
I vaguely remember seeing advertised “deals” from brokers for Sports, but even those terms aren’t all that appealing. As @Yahyahs8440 said, they’ve always been a pay-to-play SUV
What location and model/trim? If you’re looking for a RR SV LWB, well…
How about what’s in the Marketplace?
Well, what are your expectations? No mention of trim, MSRP, your location, or anything else that could potentially help you here.
A few LH users and brokers had decent deals on RR Sports a while back. IIRC the MF is low, the 33 month term was propped up (very weird) and there was a decent conquest incentive.
Some SoCal dealers were advertising 12% off MSRP (without any rebates) which got cars down to below $800 pre-tax-monthly with inceptions DAS and conquest.
Snippet from a broker’s ad:
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Trying to lease one right after a five week production shutdown from a cyberattack probably isn’t the formula to a deal either.
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Do they make any more sense to own? I’ve tested used prices on Carmax and Carvana and the spread between trade-in and what dealers sell them for are massive on these.
You need to research to establish a baseline but from looking at Ratefindr (worth subscribing to) and comparing with LR’s dealer lease tool, there is $2k conquest or $1k loyalty. 36/12 on a RRS SE trim is a 51% residual and 0.1% APR. On a $95k unit with 0 discount and just conquest, with my taxes (7.5%) charged on the monthly, you are at around $1400 a month with fees + 1st month due at signing. It should only improve from there if you can work out a discount, but you will have to canvas for it or find a broker. Rebates and rates may vary based on region.
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Appears to be the trend on high depreciation luxury vehicles. I don’t blame the dealers, because there’s a good chance it won’t sell fast and they’ll have to lower sale price anyway
Agreed. I think it’s just something to consider when comparing buying vs leasing. Buying may look better on paper but getting hosed on trade-in might make it a wash.
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In the past I think it was better to buy but now I’m not so sure.
I bought a MSRP $151k P530 end of May for $141k, and I think it’s already lost $15k in value over a few months, much more than what a lease would cost. However, the depreciation curve should settle out on this over time. Plan is to keep it likely 3-4 years and move on before the warranty is out.
I’m okay with around $1.5k a month depreciation, but it’ll probably end up being more. Love the car though so I’m not going to worry about it now.
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Some dealer on YouTube lost $80k on 2 SV sports
Bought my 2024 at a time when there was an inventory shortage. Leased my 2025 knowing that values were going to dip fast once dealer lots started filling up. The risk is high on a 3-4 year ownership.
Yeah I may consider leasing next time. At least I got the discount to soften the blow.
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What model? RRS at 24 months and 65% residual and 0% interest results in pretty favorable economics, particularly if you are in Texas where tax credits are available this month.
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Easiest way is find someone who bought new and just buy it off of them for 2K above what dealer trade in is
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In the absence of a lease hack the next hack is to extend the warranty and own as long as possible, ie get into the shallowest parts of the new car depreciation curve.
Ofc there are exceptions like G63s which you can keep trading in every year
Y’all do realize that OP hasn’t said a peep about which RR and trim it is they are looking at?