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Prices Paid: Buying & Leasing Experiences Land Rover LR3 Prices Paid and Buying Experiences
300 messages, Last post on Apr 11, 2008 at 11:12 AM
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Replying to: maverick8 (Aug 23, 2007 11:15 pm)  ) Anyway, sounds a great deal to me. I wonder where that monthly could have gone down to with only 10.5k miles PA? I may have left it too late (lack of 07 stock in or near CA) but I was also looking for an even more aggressive deal. I guess I am going to be signing for something other than an LR3. |
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Replying to: bodid (Jul 12, 2007 10:33 am)
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Replying to: kmasso (Sep 02, 2007 9:25 am)
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Replying to: maverick8 (Sep 03, 2007 8:13 am) |
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Replying to: kmasso (Sep 03, 2007 5:49 pm) I was wondering: how did you get to your selling price of $11,300 off of MSRP? I assume that this includes the $6000 incentive that Land Rover is currently offering, but that still seems like a great price and I'd like to duplicate it here in New Jersey, if possible. I have gotten a quote on a 2007 LR3 SE Loaner, 4700 miles, MSRP $54,500, selling price $49,500 and then, with addition of Land Rover Lease Cash of $2325 selling price comes to $47,175. The Lease is for 24 months (dealer said that was the best term, price-wise), 10,500 miles per year. The residual value is %64 and the money factor is .00131. This ends up costing $673.91 per months with taxes, etc. included. Now, that seems ridiculously high to me. Land Rover is offering a deal of $699/month for a ***NEW*** LR3 with Cold Climate Package, Bluetooth Telephone option and Xenon headlights! I really need some advice here! Can I add/use the $6000 Land Rover "Cash to Dealer" on a lease? And if not, why does Edmunds list the TMV pricing report on the same LR3 SE that I'm looking at as $46,567? Help. please. Also, where did you get your deal, if you don't mind me asking? Thanks in advance for your help (I really don't want to get ripped-off!) David in NJ (DWWS)
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Replying to: kmasso (Sep 03, 2007 5:49 pm) The Edmunds TMV price report on the LR3 SE like mine is $606 *LESS* than my quote of $47,175 and the Edmunds price is for a NEW LR3 and my quote is for a loaner with 4700 miles! David in NJ (DWWS) |
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Replying to: dwws (Sep 03, 2007 7:31 pm) 1. You can't take the dealer cash and the special lease. The dealer cash is already built into the lease through the 2,325 dollars of lease cash and the special .00131 money factor. That money factor translates into an interest rate of 3.144 percent. How do you think Land Rover gets that interest rate down to half or so of the average new car borrowing rates? They buy down the money factor with cash using the balance of that 6,000 dollars of dealer cash left over from the 2,325 dollars. 2. You aren't comparing like car to like car. The 699 lease is on a LR3 with a MSRP of around 51,000 dollars. You are leasing a car with a almost 4,000 dollars more equipment. Also the advertised lease probably does not include tax. Rarely do advertised leases include tax because it can change depending on where you do the lease. You are leasing a more expensive car for less then the ad price including tax.!!!!! That 699 lease with taxes is probably in the mid to high 700 range depending on if you have property tax in New Jersey.
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Replying to: british_rover (Sep 04, 2007 6:45 am) My only question then is: is there any way to get a deal similar to the ones mentioned by kmasso and Bodid? They both mention that they got $10,000 - $11,300 off sticker price on their deals. I am still about $3000 away from that point. There is a dealer in Virginia who is advertising a new 2007 LR3 HSE with Cold Climate Package for $41,997 and a new 2007 LR3 SE with no options packages for $41,050. Do you think that is a reasonable price to shoot for in NJ on those types of cars? That is less than the selling price of my quote on a Loaner LR3 with 5000 miles on it and, in the case of the HSE, isn't that a little closer to a similarly equipped car? Also, how can an HSE be less than an SE with fewer options? I know that these are stupid questions, but this is only my second time leasing a car (I moved from Manhattan to NJ 4 years ago and I never needed a car in NYC). Any help would be most appreciated. I would really like to determine what the absolute lowest lease price is that I can achieve for an LR3 (which is exactly what everyone else wants, too, I guess!) Thank you in adavance for your help; I cannot afford to waste any money here (3 small children tend to eradicate anything that might be considered "disposable income"!) David in NJ (DWWS) |
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Replying to: dwws (Sep 04, 2007 8:13 am) I got the following deal in NJ a week ago: 2007 LR3 SE V8 Buckingham Blue with Alpaca interior, Tech, cold and lighting package. 24 months with 10,500 miles per year MSRP is $54,500 Capped at $49,110 Montly before TAX $681.95 $1784 due at signing which includes motor vehicle and doc fees as well as NY sales tax(NY at 8.375%). The money factor is .00106 resd. 64 lease end value $34,880 The bank fee and first month is waived I Used $1500 coupon to cover initial payment. Hope this helps
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Replying to: arik5966 (Sep 04, 2007 8:33 am) Where did you go for this deal? Was the $1500 coupon in addition to the $2325 "Lease Money"? Was your LR3 new, or was it a "Loaner" with minimal miles on it (around 5,000?) I'm sorry for all the queries, but I really need to figure this stuff out. Thanks so much and congratulations on your new Land Rover! David in NJ (DWWS)
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