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Land Rover Range Rover

1000 messages, Last post on Oct 26, 2009 at 10:54 AM
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I'm trying to decide whether to lease or buy an '03 Range Rover. My concerns boil down to what has been a vehicle with a heavy depreciation in the past. If I buy, (4.9% is quoted) and borrow, am I going to end-up with an "upside down" deal, say in 3 years? If I lease, will the old models heavy depreciation be figured into the terms. Has anyone been quoted lease rates on the '03? |
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Sorry for delay.. I have been away for a while. OK, I got an 03 Rangey in stock (God does it help to have a LR Dealer as a good client!) and just sold it to a good customer of mine. He LOVES it. I LOVED IT! I never loved the 4.0SE and 4.6HSE.. I am in love with my 95 Anniversary County LWB (Classic) that you can buy from my widow This freaking thing amazed me. Off-Road Ability? WOW! Freaking UNREAL! This is the closest to a D90 I have had off-road. Outstanding ability. And I got it very very dirty. I put 2,100 miles on it and not a single hiccup. Total perfection. Truck now has nearly 3K on it and it's been perfect. As far as Buy/Lease... see what the Money Factor is. if it's low, do that, and then you have residual protection to boot. Bill |
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Well, just got back from the dealer and boy have I got some news... First, this new rendition is a real beaut! From its exterior styling to the interior, there isn't any SUV iteration out there that comes close to topping this bad boy! Now, the disappointing news. Sat down for a quick review of the leasing programs currently offerered. sam818: Dude, unfortunately, the prior year RRs are killing the leasing terms on this baby. 24,36, and 39-month lease programs (12K mi/yr): Price: 73145 (w/ heated seat package) Money factor: .00280 Taxes/fees paid upfront Residuals: 24mth-61%, 36mth-52%, 39mth-48% Lux. Tax: NONE (wooo...) Sec. Dep. : 749 Bottom line: The upfront fees will be in excess of $5000 and the monthly payment will be at minimum 1300. I quickly got up and exited--stage left... |
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"Never one to sway with trends, Land Rover rolls out the third new Range Rover in 33 years. See how we like this British boulder-basher." First Drive: 2003 Land Rover Range Rover Steve Host SUVs, Vans and Aftermarket & Accessories Message Boards |
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| Has anyone had any luck finding out invoice pricing on the 03's? I've searched everywhere to no avail. I've been by two local dealers and they swear they won't discount sticker but will talk about possibly throwing in some accessories (mats, roof rack, etc.) When I bought my BMW M3 Conv. they said the same thing but ended up discounting the car by 5.5K off MSRP. Anyone had any experience getting the dealers to work w/ you on price or maybe discounting? | |
| As the dealers are having no trouble selling them at full MSRP, I doubt if you'll find much discounting of them. They are in short supply and the demand has been quite high for this vehicle. Most are presold before the dealers get them. | |
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Thanks tincup47 -- that's consistent with what I've seen so far. Seems like the dealers are having little trouble moving the 03's even though the economy is slowing a bit -- cheap money helps alot! Any intel on the invoice pricing of the vehicle and some of the accessories? Specifically, the wrap around brush guard, lamp kit, roof rack system and carpet floor mats? Thanks. |
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| This is actually the official name of the 2003 Range Rover. I would recommend its use for future new columns on the topic. Accordingly, the name of the face-lifted 2003 Discovery is, you guessed it, "New Discovery." | |
| Actually Range Rover is the official name for the new model. It is referred to internally as L322 (the model code) and externally as New Range Rover to help differentiate it from the 4.0-4.6 (95-02)series Range Rovers (which were also called New Range Rover when they came out). For the new 2003 Discovery, they have dropped the series designation that the Discovery Series II used. It is just the Discovery, "new" is not part of the official name. | |
| My 2003 RR has been perfect....it rides wonderfully, is beautifully detailed and totally reliable, however, it has developed one minor malfunction, which I also noticed on a demonstrator before I took delivery: the "Up-Down" electrical adjustment on the steering column has stopped working. (The telescoping action is OK) I am sure it's fixable, however, I am curious to find out if anyone else has this problem. | |
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