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Land Rover LR3 Lease Questions

557 messages,  Last post on Apr 06, 2009 at 3:06 AM

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What is this discussion about? Land Rover LR3, Car Leasing, SUV

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#548 of 557 Re: 2008 LR3 SE Lease [Schumi] by kyfdx HOST Jan 21, 2009 (12:42 pm)
Replying to: Schumi (Jan 21, 2009 12:28 pm) Your dealer probably has the best independent lease deal available on his computer.. Of course, it's almost impossible to know how much he might be marking up the rate, or if he has more room to move down in price. You can always check a website like leasecompare to see what they are offering.. to see if the dealer's bank is competitive...   I share your worry about Land Rover's long term reliability, and resale...Having the option of just turning it in is a nice insurance policy. I just couldn't swallow a $700 lease payment on a $36K car... For that amount of payment, I'd be looking elsewhere, but you probably like the car more than I do..   Sorry I can't be of more help..
#549 of 557 Southern California by murphy4 Feb 16, 2009 (12:03 pm)
I have been searching dealers for the best price on a 2008 LR3. I have one tell me he will take $17k off MSRP. My wife fell in love with her friends. It is a great truck to drive.   It is true there are really no 2009's and the 2010's will be out late spring?   Is a lease out of the question?? Replies to this message: Car_man (Feb 26, 2009 4:49 am)
#550 of 557 Re: Southern California [murphy4] by Car_man HOST Feb 26, 2009 (4:49 am)
Replying to: murphy4 (Feb 16, 2009 12:03 pm) Hi Murph. There is indeed a 2009 LR3. They should be at dealers now.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#551 of 557 LR3 Lease Ending - Need Advice by s.k. Mar 13, 2009 (1:51 am)
In May 2006, I leased a 2005 LR3 SE that already had 1600 miles on it at the following terms: 36 month, 15,000 miles/year at $728.44/month (7.5% tax included) with $943 out of pocket (Including the first month payment and paper work. There was no need for security deposit but I will have to pay a disposition fee when I return the car at the end of the lease.)   I was told by the dealer that the MSRP of truck at that time was $50,770 and that their selling price was $40,770. The options on this truck included GPS, cold weather package, and the lighting group. The dealership also told me that there were a couple thousand dollars worth of additional dealer-installed options that they were not counting in the pricing such as wood grain dash, trailer hitch...I also had a trailer braking system installed afterwards.   A few days ago, I got a call from Bank US that since my lease is ending in two months, I could either return the truck at the end of May or buy it from them for $23,465 plus any taxes, fees and "other charges". On the other hand, they told me that they would also entertain an offer from me on the purchasing price.   I would like to seek your advice on: (1) Are there any reasons that I should walk away from this truck at the end of the lease, e.g., some known reliability issues on 2005 LR3, high maintainence costs, etc? (2) If I should go about making an offer, what is a good starting dollar number in your opinion? (3) If I should decide to return the truck, should I do anything in getting the truck ready before returning it to avoid additional charges from the bank?   BTW, I have about 41000 miles on the truck at this time and its conditions are OK in general. I have already bought another truck (a 2008 GMC Sierra 1500) late last year but could use the LR3 as a spare vehicle.   Thank! Replies to this message: lhr7 (Mar 13, 2009 5:46 am) britman4 (Mar 13, 2009 7:04 am) slau (Mar 14, 2009 9:23 am)
#552 of 557 Re: LR3 Lease Ending - Need Advice [s.k.] by lhr7 Mar 13, 2009 (5:46 am)
Replying to: s.k. (Mar 13, 2009 1:51 am) To be honest with you, $23,000 is kind of high for a 2005 with 41,000 miles on it. I just traded in my 2007 LR3 HSE with 20,000 miles on it. I bought a 2008 LR3 HSE in the high $38,000. When I went back to the dealership to pick up my plates they had a 2006 LR3 HSE with a little over 20,000 miles on it for the low $20,000s. If you are going to buy a car at this time, remember you have more negotating power then ever before. Take advantage of it and push for what you can get.   These prices related to a dealership in the DC area. Replies to this message: britman4 (Mar 13, 2009 7:04 am) slau (Mar 14, 2009 9:23 am)
#553 of 557 Re: LR3 Lease Ending - Need Advice [lhr7] by britman4 Mar 13, 2009 (7:04 am)
Replying to: lhr7 (Mar 13, 2009 5:46 am) I agree, 23k is way way too much.   23k will get you an 07 if you're tough with them. You should be looking in the mid teens. And don't let them put the vehicle number in their PC and give you that value. Its rubbish. Just put the bid in and tell em take it or leave it. These people need cash currently Replies to this message: slau (Mar 14, 2009 9:23 am)
#554 of 557 Re: LR3 Lease Ending - Need Advice [britman4] by slau Mar 14, 2009 (9:23 am)
Replying to: britman4 (Mar 13, 2009 7:04 am) Ihr7 and britman4, thanks for your advice. BTW, I used the Edmund's Used Car Appraisal worksheet and got the following pricing information for my LR3 (with all the options):   Trade in - $15,100, Private Party: $17,500, Dealer Retail: $19,500   So is it reasonable for me to start the offer at $15,000?
#555 of 557 Re: Update- LR3 leasing [DonovanG] by padraic Mar 19, 2009 (5:15 pm)
Replying to: DonovanG (Jan 20, 2009 4:43 pm) Any Word if they are gonna have a more attracttive lease deals on the LR3 in April 09? Replies to this message: britman4 (Mar 20, 2009 5:35 am) Car_man (Apr 06, 2009 3:06 am)
#556 of 557 Re: Update- LR3 leasing [padraic] by britman4 Mar 20, 2009 (5:35 am)
Replying to: padraic (Mar 19, 2009 5:15 pm) No is the simple answer to that   The Devaluation and frankly complete lack of interest from financing companies to do it mean that if you did you would be financially significantly worse off than buying. You might get a deal on a Range Rover Sport, because they are pretty flush with them in the US. Saw one the other day at 680 month.
#557 of 557 Re: Update- LR3 leasing [padraic] by Car_man HOST Apr 06, 2009 (3:06 am)
Replying to: padraic (Mar 19, 2009 5:15 pm) Hi padraic. Unfortunately britman4 is right. Land Rover is not currently providing any lease support on the 2009 LR3. If you really want one, your best bet would be to finance it through Chase at 0% for 3 years, 0.9% for 4 years, or 1.9% for 5 years ant get a $1,000 cash bonus.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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