Range Rover Velar - Long Island

[rosspa59]

Good day to everyone,

I am on Long Island. Here is the offer. They are selling $2,000 over MSRP and I am told business is brisk. I would like to lease. This is a 4 cylinder model.

Price - $66,755 ($64,775 + $2,000)
Duration - 39 months
Miles per year - 10,000
Disposition fee - $495
Excess Miles - $0.30
Monthly payment - $847
Acquisition fee - $895
Fees and Insurance - $437.50
Upfront Taxes - $2,932.76
Total due upon inception - $5,112.26
Purchase option $36,424
Money factor - .00063

I would appreciate feedback. Thanks very much.

Paul

[Daburgaman]

Almost $1k a month for a 4 banger Range!?

[mllcb42]

@rosspa59

I would appreciate feedback.

Thank them for their time and lose their phone number.

[BigLebowski]

You lost me at “$2,000 over MSRP”.

[max_g]

Most cars do not lease well. This is truer now than it has ever been.

So unless you are willing to push this boulder uphill, you need to look at other makes/models that lease better and offer more value per dollar.

Check out the “Share a Deal” and “Marketplace” sections of LH forums to see what’s leasing well and narrow down your search.

Marketplace

Share a Deal

[jeisensc]

@rosspa59

I would appreciate feedback

Welcome! Thanks for asking before you signed.

Velars don’t lease well in normal times, this is a terrible deal. How bad? South FL has earned a reputation as one of the worst regions to lease one: yesterday someone asked about one under msrp (also a terrible deal):

2021 Velar S p250

Need help on this as I’m new to all of this leasing a vehicle. looking at this Velar here in south Florida but dealer does not want to go any lower. Am I missing something? Msrp is $63,015 They are giving me 1.6% off lol anything I can do ?

What @max_g said

• most cars don’t lease well now
• it’s a terrible time to lease if you don’t have to
• if you must lease, a non-RR is likely to lease better (and possibly be reliable)
• and this deal is only a deal for the dealership

[Bismarck]

That’s an insane number for that car… that’s what, $34,5xx to drive this thing for 39 months plus taxes and insurance.

[rosspa59]

Thank you to everyone who has responded. As a result of your comments, we are not moving forward. But, I do have a question. When I put all of the relevant information into the Leasehackr calculator (I understand it’s not infallible), it spit out a monthly lease of $847. And the dealer offered and wouldn’t budge on a monthly lease of $847.

What should I or anyone else conclude from the fact that both calculator price and the dealer price were the same?

I used the calculator to evaluate a couple of other cars and I found differences between the calculator price and dealer price (for Lexus and Volvo).

Thanks again! Have a super holiday weekend.

[mllcb42]

@rosspa59

When I put all of the relevant information into the Leasehackr calculator (I understand it’s not infallible), it spit out a monthly lease of $847. And the dealer offered and wouldn’t budge on a monthly lease of $847.

If you have correctly input the information, the calculator and the dealer should match.

[rosspa59]

Thank you for your response. What specifically then from the calculator output determines whether the deal you are offered is good, mediocre, or just bad?

[jeisensc]

@rosspa59

What specifically then from the calculator output determines whether the deal you are offered is good, mediocre, or just bad?

The pre-incentive discount on the sales price (if any), the incentives (if any), that the residual is correct, and the money factor isn’t marked up.

[mllcb42]

The calculator doesn’t determine that.

[jeisensc]

@mllcb42

calculator doesn’t determine that

The human using the calculator should. While the LH calc is smarter than a TI, you still need to understand what you are looking at.

[mllcb42]

@jeisensc

The pre-incentive discount on the sales price, the incentives (if any), that the residual is correct, and the money factor isn’t marked up

Just to expand, these are all calculator inputs, which inform the quality of the deal. Outputs, like the monthly payment amount don’t by themselves.

[zagguru]

which dealership on Long Island?

[rosspa59]

Located in Freeport.

[max_g]

Calculators cannot make value judgments.

A calculator is just a tool to construct your own offer and/or recalibrate someone else’s shared deal for your own taxes, incentives, RV/MF etc if they are different.

I’ve rarely seen anyone make any further headway by decoding a dealer quote into the LH calculator. If it matches, so what? Math doesn’t lie. If it doesn’t match, so what? Dealers aren’t going to lower their offer because your calculator said so. Chances are, it was the consumer’s error. If not, GL getting a dealer to admit it was theirs.

To be very candid, the ship sailed once the consumer asked for a quote instead of presenting a well-researched offer of their own.

[zagguru]

Freeport has always been tough. PM me and i’ll give you my dealer in Long Islands info