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Land Rover LR3 Prices Paid and Buying Experiences

337 messages,  Last post on Nov 02, 2009 at 10:17 AM

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What is this discussion about? Land Rover LR3, SUV


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#276 of 337
Re: A lot more room than I thought... [british_rover] by dwws
Sep 04, 2007 (7:13 am)
Reply

Replying to: british_rover (Sep 04, 2007 5:45 am)

Thanks British Rover:
 
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)
#277 of 337
Re: A lot more room than I thought... [dwws] by arik5966
Sep 04, 2007 (7:33 am)
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Replying to: dwws (Sep 04, 2007 7:13 am)

David,
 
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
#278 of 337
Re: A lot more room than I thought... [arik5966] by dwws
Sep 04, 2007 (7:45 am)
Reply

Replying to: arik5966 (Sep 04, 2007 7:33 am)

Thank you so much arik!
 
 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)
#279 of 337
Re: A lot more room than I thought... [dwws] by british_rover
Sep 04, 2007 (7:50 am)
Reply

Replying to: dwws (Sep 04, 2007 7:13 am)

That 10,000-11,300 dollars off were on out right purchases though. You can't combine the 6,000 dollars in dealer cash with the special lease.
 
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.
#280 of 337
Re: A lot more room than I thought... [british_rover] by dwws
Sep 04, 2007 (8:05 am)
Reply

Replying to: british_rover (Sep 04, 2007 7:50 am)

Thanks British Rover! I'll give that a shot! Also, do you think I ought to call the dealer in Virginia and see about leasing one of those Land Rovers? Wouldn't the lease cost be less with the lower advertised selling prices? Just wondering....?
 
Thanks again; I'll keep you posted!
 
David in NJ (DWWS)
#281 of 337
Re: A lot more room than I thought... [dwws] by tryingtobuyone
Sep 04, 2007 (12:16 pm)
Reply

Replying to: dwws (Sep 04, 2007 8:05 am)

In May, I leased a 1200 mile loaner 07. LR3 HSE List 56100 sold for 48K. 1700 down, 24 months 18k/yr. 790 INCLUDING TAX. I got this in NJ in Princeton.
#282 of 337
Re: A lot more room than I thought... [dwws] by kmasso
Sep 04, 2007 (5:15 pm)
Reply

Replying to: dwws (Sep 03, 2007 6:31 pm)

Again, my deal for $11,300 off sticker ($40,500 purchase price)was based on an outright purchase on a vehicle that stickered at $51,800 with the bluetooth, lighting and cold climate packages. The dealer told me that invoice was something like $47,500 which was $200 higher than the invoice price that I cam up with on Edmunds. With the $6K factory to dealer discount that took dealer cost down to $41,500 and then I asked for the $1k owner loyalty discount as I have owned two other rovers and figured I could produce copies of titles and get the discount. The dealer told me that Land Rover was not offering the customer loyalty discount on the '07 models so they wouldn't give me the discount and said that my offer of $40,500 was below thier cost. I told the dealer that I would just find a pre-owned '07 or a service loaner as I had seen both priced in the high $39K range and the dealer called me back 10 minutes later and said come pick up the car at the $40,500 price. When I saw the dealers worksheet it appeared that they registered the vehicle as a demo to take advantage of another Land Rover incentive and to make the deal profitable for the dealer - I don't know exactly how they worked it out but I know that the car only had 19 miles on it when I pulled off the lot. I would imagine that Land Rover gives the dealer an incentive of a few more thousand dollars on top of the $6K for demos and service loaners. Good luck with the lease.
#284 of 337
Re: A lot more room than I thought... [dwws] by arik5966
Sep 05, 2007 (9:19 am)
Reply

Replying to: dwws (Sep 04, 2007 7:45 am)

David:
 
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.
#285 of 337
Re: A lot more room than I thought... [kmasso] by maverick8
Sep 05, 2007 (7:59 pm)
Reply

Replying to: kmasso (Sep 04, 2007 5:15 pm)

Thanks Kmasso, really appreciate you taking the time to post your experience, thoughts and facts. I have more or less given up on the LR3 as an option and we have been looking at laternatives. The main challenge is obviously that we cannot seem to find a way of combining a anywhere near the great selling price like this, with an aggressive lease deal.
 
If anyone reading this can talk agressive discounts and a good MF / Residual then let me know ASAP. Great credit, no trade and am willing to travel for the right deal! (CA based).
 
Thanks again everyone for great information and insight.

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