2012 lease of land rover evoque

[lucky70]

Please let me know of your opinion of the quote I got for this car. 36 month lease 15,000 miles a year at 780 a month 1120 due at signing otd. Think the monthly payment is way too much. I know leasing is not ideal but for personal reasons it is best for me. It is fully loaded and it is 2 door coupe. The residual value is 51% with asking price of 47,400, 7% sales tax, and money factor of 0.00160. I come up with 673 and change. Guess he is trying to make 100 profit a month off me for total of 3600 dollars. Please advise. Thanks

[Paperboy999]

I was just looking at those on line. Very nice car. They only want 1120 at signing ? That seems low to me.

[ImprovingYouth]

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@lucky70 wrote:

Please let me know of your opinion of the quote I got for this car. 36 month lease 15,000 miles a year at 780 a month 1120 due at signing otd. Think the monthly payment is way too much. I know leasing is not ideal but for personal reasons it is best for me. It is fully loaded and it is 2 door coupe. The residual value is 51% with asking price of 47,400, 7% sales tax, and money factor of 0.00160. I come up with 673 and change. Guess he is trying to make 100 profit a month off me for total of 3600 dollars. Please advise. Thanks

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Well from the general site the base price for the coupe is 45k. Having it loaded like you say it is probably well over 47k, and maybe that makes the difference between the estimate the dealer gave you and your estimate. Other than that, what was the interest quote you received because your estimate doesnt reflect any interest.

[lucky70]

Well he claims the $780 a month includes everything including interest. The payment also includes sales tax of 7%. The way he explained it to me, with a lease there is a money factor that is like the interest rate. You figured the interest rate by multiplying money factor by 2400. In this case it came up to be 3.84%. Any lease experts please advise. Or if someone has leased this car. Thanks

[lucky70]

Well it is fully loaded except rear entertainment system and it is pure plus not dynamic or premium which are a lot more. The 1120 at startup includes first payment and fees

[germaine47]

What would the payments if you just straight out brought it? 

[lucky70]

They told me 1484 a month if I financed for 36 months and bought it. Will have to ask if I financed it longer. This includes 0.9 apr 7% sales tax

[Anonymous]

Seems about right looking at their current least offer:

2012 Range Rover Evoque
$499 per month* for 36-month lease
Pure Plus 5 door
$2995 plus taxes, title, license and fees due at signing and $0 security deposit.

*Rates shown for customers with exceptional credit approved by a participating lender. All amounts shown are estimates, retailer sets actual amounts. Lessee responsible for insurance, maintenance, excess wear and excess mileage over 30,000 miles at $0.30 /mile. Based on MSRP of $43,995 (including destination and delivery) with a predicted residual value of $24,197 .as of 9/1/12. Lessee has the option to purchase vehicle at lease end at price negotiated with retailer at signing. For special lease terms, take new vehicle delivery from retailer stock by 1/2/13. Termination fee may apply. See your Land Rover retailer or call 1-800-FIND-4WD for qualifications and complete details. © 2012 Jaguar Land Rover North America, LLC

The 15k mile lease vs the 10k mile lease advertised would definitely increase payments as well as the higher MSRP for more options.

[lucky70]

Yeah I is a tough decision if this really that great of a deal. I hope they don't try a bait and switch or I will walk out. Anyone else actually bought or leased this car?

[cship10]

We actually purchased one of the first ones in Ohio back in December. Well we ended up trading the vehicle in after 6 months due to electrical issues and the vehicle was VERY uncomfortable. We ended up purchasing for 990 a month with no money down for the prestiege with the rear entertainment, and every option you could get. Loved the car just had warranty issues. We ended up with a Mercedes-Benz E350.