- #141 of 531
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Need Help Negotiating a Lease Also/ Loaner car
by tjones39
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Aug 28, 2006 (3:09 pm)
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My lease factor is also .00127 which is good, please tell me what you think?
goirish2, I see that you are in Florida where did you buy your LandRover? I was in Orlando and told them I had a friend that bought in Florida and he was able to bump his residual by .02 and they said no cant do it?
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- #142 of 531
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Re: Land Rover LR3: Lease Questions [mando42]
by Car_man HOST
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Aug 31, 2006 (3:05 am)
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Replying to: mando42 (Aug 05, 2006 2:27 pm)
Hello mando42. I just calculated a lease payment on the truck that you are interesting using the information that you provided in your post, 24 months, .00139 month factor, 66%, residual value, $56,475 MSRP, and $51,475 selling price, and I came up with a zero down, pre-tax monthly payment of around $716. When I use the latter $55,592 price that you mentioned, this truck's payment increases to around a whopping $893. I definitely would not pay taxes up front on a lease if I was in your situation. The state keeps your tax regardless of what happens to your vehicle, like it is stolen or totaled in an accident. You would be better off rolling sales tax into your lease payment.
Car_man
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- #143 of 531
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Re: How do I get the dealer to tell me the MF on a lease? [liv4theroad]
by Car_man HOST
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Aug 31, 2006 (3:09 am)
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Replying to: liv4theroad (Aug 27, 2006 1:59 pm)
Hi liv4theroad. All you have to do is ask. Dealers are not required to tell you what money factor they are using to calculate your truck's monthly payment, but I personally would feel a whole lot more comfortable doing business with a dealer that would be upfront with me than one that was trying to play games by hiding the money factor. Regardless of whether they tell you what your truck's money factor is, you absolutely have to find out what the selling price of the truck that you are considering leasing is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. You wouldn't walk into a dealer and just pay cash for this truck without knowing what you were being charged for it. Not knowing the selling price of your leased vehicle is the same thing.
Car_man
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- #144 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car [tjones39]
by Car_man HOST
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Aug 31, 2006 (3:19 am)
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Replying to: tjones39 (Aug 28, 2006 2:25 pm)
Hi tjones39. The dealer that you spoke with was correct. Land Rover Capital Group, or whichever bank you are leasing through, sets your vehicle's residual value. Residuals are not negotiable and individual dealers do not have the authority to alter them. The only way to change a vehicle's residual value is by changing its mileage allowance. Land Rover charges an acquisition fee of $595 on every vehicle that it leases. This fee is not negotiable. I am not sure what the "MLS charge" that you mentioned is. Perhaps it is some sort of advertising fee. I do not believe that the dealer cash that Land Rover is currently providing on the LR3 is compatible with its special lease program.
Car_man
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- #145 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car [tjones39]
by liv4theroad
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Aug 31, 2006 (6:46 pm)
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Replying to: tjones39 (Aug 28, 2006 3:09 pm)
ok Tjones these are my final #'s for a new SEV8 with the lightning pack., bluetooth and sat radio. $45700-1500 coupon= 44200 (550 over invoice), I had a trade which subtracted another 1000K for a final price of 43200 (which is under invoice). I got a 15k miles for 24 mo, for which originally they had told me residual would be 69% but it was actually 68% as Britishrover indicated in another posting. MF was .00127 which went up when I upped to 15k miles. However, i knew that it was the same you were quoted in Orlando. and I really need the extra miles ( and I really needed to get rid of the vehicle I had). they added the 595 fee and I only paid my first month +tag and title.
After all the back and forth I feel pretty good about my #'s thanks to all the info from this forum. Good luck to all
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- #146 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car [liv4theroad]
by liv4theroad
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Aug 31, 2006 (6:51 pm)
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Replying to: liv4theroad (Aug 31, 2006 6:46 pm)
by the way the also gave me the floor mats
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- #147 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car
by tjones39
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Sep 01, 2006 (7:40 am)
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Great Liv4theroad, so now I know the residual and MF are correct. Did you notice a $750 MLS fee get subtracted right before the final residual number? This is a disposition fee or turn in fee that I think is crazy?
Congradulations on the new ride, I cant wait to get one also!
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- #148 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car
by tjones39
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Sep 01, 2006 (8:33 am)
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Well I found out what the MLS fee is its for the loaner car mileage deduction at.15 cents per mile for the 5000 miles on the car. However they are only offering 5k off of msrp for the loaner car but are giving the really good lease rates for the car. I know he can come down on his price some but how much who knows.
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- #149 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car [tjones39]
by liv4theroad
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Sep 01, 2006 (8:35 am)
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Replying to: tjones39 (Sep 01, 2006 7:40 am)
no, my residual value is exactly 68%.
There's a 395 disposition fee at the end of the lease if I do not purchase the vehicle, that fee does not play part in any of the calculations, and I was told it will be waived if I lease from them again
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- #150 of 531
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Re: Need Help Negotiating a Lease Also/ Loaner car [tjones39]
by british_rover
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Sep 01, 2006 (11:03 am)
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Replying to: tjones39 (Sep 01, 2006 8:33 am)
Is the service loaner a V8 or a V6???
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