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Land Rover LR3, Car Leasing, SUV
#123 of 569 Re: 2006 LR3 SE V8 Money Factor and Residual [bcb1010]
Jul 13, 2006 (2:23 am)
Ahhhh, so you want the V8 model, BCB. This is a different story. If you were to lease a 2006 Land Rover LR3 SE V8 7-Passenger model through Land Rover Capital Group right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00194 and 50%, respectively. The numbers for the 5-Passenger model are similar, but not exactly the same at .00186 and 50% for a 36 month, 15K lease. The dealer cash that Land rover is providing on the LR3 is not compatible with this special lease program.
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#124 of 569 My recent deal on an LR3 SE V8
Jul 13, 2006 (5:54 am)
Last week I leased a Land Rover LR3 SE v8 (5 passenger) with the lighting package, bluetooth, and sat radio.
My price was $1K above invoice, then I applied the coupon for a net price of $500 under invoice. The lease term is 24 months with 15K miles. The MF is .00150 and I talked them into bumping the residual to 73%. My only fees were the state mandated fees and tax, tag, and title and the $595 acquisition fee. I rolled all of those into the lease for a payment of about $525 per month. They threw in a set of black rubber floor mats ($130.00).
Overall, I was happy with the experience, but disappointed that I couldn't get them to go a little lower. Here in SWFL, they just don't have much competition. I've had the car for a week and really love it.
#125 of 569 Re: $ 1,500 coupon ?? Trying to negotiate LR3 lease [teki]
Jul 13, 2006 (6:55 am)
go to landroverusa.com and on the right side of the screen you'll see 4 drop down columns.....go to the "request information" drop box and just fill in the info.
Can't really say when their going to stop sending them to people, mine was valid for month of June.
#126 of 569 $ 1,500 coupon
Jul 19, 2006 (4:20 pm)
By clicking on the more information link, I got in the mail a nice brochure about Land Rover vehicles, no coupon!
#127 of 569 Re: My recent deal on an LR3 SE V8 [goirish2]
Jul 20, 2006 (11:37 pm)
Goirish2 that sounds like an incredible deal. Are you kidding me, $525 a month for 24 months with all the fees rolled into the deal. Frankly I think it's impossible.
Car Man can this deal be true? The car goirish is talking about has MSRP of $47,900. Invoice is at $43,600. Assume after wrapping everything in as he suggests, he is still at invoice (which is hard to believe all by itself). With a money factor of .00150 and a residual of 73%, the payments for 24 months should be $604 plus tax. Unless my calculator is wrong, which I doubt, there is no way in heck you can be at $525. Where is this dealer and how do I get the same deal? I'll take two at that price.
I was just at the Land Rover dealer a few hours ago trying to work on a deal, but I couldn't get it anywhere close to that price. Just FYI, the deal I was quoted was on an LR3 V8 SE 7 seat, with no other options. The MSRP is $47,900 & invoice is $43,600. Assume I can get it at right above invoice, i.e. $44,000. I am a current Discovery lessee so I get a customer loyalty deal, meaning I get an additional $1,000 off and first month's payment made by Land Rover. So that takes me down to $43,000 as purchase price. The residual they gave me through LRCG on a 24 month deal was 70% with money factor of .00117. The MF is great, but residual could use some work. By the way this is on 12,000 miles per year. Car Man, based on the info I've provided, I'm getting a payment of $623 plus tax no cap reduction, and first month's payment paid by landrover. All I pay is TTLR. Is there more wiggle room here? Are my numbers adding up?
Any assistance would be greatly appreciated.
#128 of 569 Re: My recent deal on an LR3 SE V8 [skepticone]
Jul 27, 2006 (5:28 am)
I ran his terms through my Land Rover lease calculator and I get a payment of 526 a month with all taxes, property and sales, stripped out. If he happend to live in a state with no property or sales tax, not sure if that state exists, then yes it could be true.
What he left out was how much money he put down on the lease. The certificate from land rover works like cash basicly so his out of pocked expenses were just over 3,000 dollars minus the 1,500 dollar coupon.
Another thing to think of is just about everyone orders the Cold climate package even in warm climate states and he did not list that with his options.
#129 of 569 LR3 lease....how are my numbers?
Jul 31, 2006 (11:57 am)
Hey Car Man.... great site. I just picked up my LR3 last night, and want your opinion on if this is a good deal. It is a 2006 5 pass with the lighting package, and sat radio. The msrp is 47600. On my contract I paid 44024 (after a lot of negotiating). The residual is 71% (value at 33796 at lease end) I do not know my money factor. I wanted to keep my payments as low as humanly possible. I put 6400 down, and paid 435 acquisition fee, and 342 title fees. My payment for 24 months is 311 plus tax with 10500 miles a year. ps wish I would have known about that 1500 off coupon. Thanks!!!!!!
#130 of 569 Re: My recent deal on an LR3 SE V8 [british_rover]
Jul 31, 2006 (6:25 pm)
I think you both need to fix your calculators. My base payment is $523.11. After the FL sales tax, its $554.60 per month. All I paid at inception was the first month's payment. In FL we don't pay sales tax up front and we don't pay property tax on the vehicle. The fees rolled into the lease amount to $258.
No cold weather package.
And Skeptic- You can get a better residual number than 70%. They initially quoted me 71% on 15K they quickly caved to a 2% bump to 73%.
#132 of 569 Re: My recent deal on an LR3 SE V8 [goirish2]
Aug 01, 2006 (1:14 pm)
You cannot bump the residual. The residual is set by LRCG and is not movable at all. Now if you ended up doing a 12,000 miles a year lease then yes you could get a 2 percent bump in residual to 73 percent. Money factors can be played with by the dealership either bumping them up or buying them down in some cases but the residual is. The residual is the one thing of the lease that can not be negotiated.