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Prices Paid: Buying & Leasing Experiences Land Rover LR3 Prices Paid and Buying Experiences
337 messages, Last post on Nov 02, 2009 at 10:17 AM
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Replying to: dwws (Sep 03, 2007 6:31 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 5:45 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 7:13 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 7:33 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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Replying to: dwws (Sep 04, 2007 7:13 am) I think you could grand or so off the purchase price of that LR3 but no more. Tell them to rework the lease with a selling price after the lease cash of 46,000 even and see what they say.
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Replying to: british_rover (Sep 04, 2007 7:50 am) Thanks again; I'll keep you posted! David in NJ (DWWS)
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Replying to: dwws (Sep 04, 2007 8:05 am)
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Replying to: dwws (Sep 03, 2007 6:31 pm)
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Replying to: dwws (Sep 04, 2007 7:45 am) I got it from Woodbridge. The $1500 coupon was in addition to the "Lease Money"? The LR3 i got was new with 9milles on it. Check with LR Paramus they had few in stock and were willing to match my deal. So, far I'm enjoying the Land Rover! Good Luck. |
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