Last post on Aug 06, 2010 at 2:34 AM
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Land Rover LR3, Car Leasing, SUV
#256 of 569 Re: $47,150 price, 30month lease, 15K miles per year, no trade, Lease Payme
Jan 03, 2007 (3:36 am)
Hi jdstory. Land Rover is offering either a special lease money factor or the dealer cash that you mentioned on the 2006 LR3 V8 SE right now. Unfortunately, these two incentives cannot be combined. That is why the money factor that you were quoted is so much higher than Land Rover Capital Group's current buy rate of .00160 for a 30 month lease of this truck. Whichever program you choose, make sure to negotiate a dealer discount on this truck. It appears as though the only discount that is being given on the sample lease that you posted is the $6,000 dealer cash. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing. This truck has at least a $4,000 gap between its full MSRP and dealer invoice price. Given how late we are in the model year, you should not have any trouble negotiating a large chunk of that off of this truck's price. Without any additional dealer discount, you are paying too much for this truck.
Prices Paid Forum
#257 of 569 Re: Need advice/first time leasing a car [Car_man]
Jan 03, 2007 (5:40 am)
Won't my GAP insurance cover the down payment/cap reduction from my trade in?
#258 of 569 Is this a decent Lease Deal
Jan 03, 2007 (2:00 pm)
Cutting to the chase, I Leased a new 2006 LR3 MSRP of $49,700, with $2,500 down for $499.00 + tax for 30 months, 10,500 miles per year?
Thank you for your response.
#259 of 569 Got my (wife's) LR3
Jan 04, 2007 (5:07 pm)
I got the floor model with almost every dealer-installed option available (DVD system with game port, Running Boards, Brush and taillight guards, crossbars and ski rack, etc.), so my deal was a little screwy. Nevertheless, the Residual value on LRNA's special 30month/10.5K is 68% and the money factor works out to 3._%. Combined with the $1500 LRNA certificate, the deal works out to $548.55 per month plus tax and $0 drive-off. I paid $2k drive-off for all of the dealer-installed paraphenalia, which is not residualized. The combo deal ends on 1/8, but the $1500 certificate is good through the end of February.
So, if you are on the fence-move! Some dealers are quoting this deal for base LR3s with no options, but LRNA specifically states it is for those with Rear-Seat, Cold, Lighting, and Bluetooth,/Sirius. So beware.
#260 of 569 Re: Got my (wife's) LR3 [bgsntth]
Jan 07, 2007 (3:54 am)
How does the $1,500 certificate works. I got my wife the LR3 also and they dealer said that the $1,500 certiface only owrked if you got trug a regular lease and not the Land Rover bank lease. Please let me knoe more about it.
My deal 2006 LR3 SE V8 (60 miles only)
Fully load everything except the kitchen sink!!! (Rear-Seats, cold, xenon lighting, blue tooth etc)(no dvd)
Dealer rebate = $5,000
Land Rove Rebate = $6,000
Sub total = 44,620
Negotiate LR3 at = $46,000 final price (about $1,380 for dealer)
Down Payment = 3K
Money Factor = .00038
Residual Value = 67% (it seem kind of high I was hoping 60%)
36K at lease term
Lease term= 30 months
Lease Payment= $600
Two minor items that I'm going in for repair. The screen on the middle sunroof does not lock and the passenger side seat at the base of the left handle next to the head rest the leather of the seat is off the base of the handle. They said they are simple repair issues.
Color is Red with Tan interiors (it will be hard to keep it clean . I want it balck interiors).
By the way there were only 2 left and there were another couple waiting in line if I did not taken the Red one since they want it. I belive I got a decent deal and I liked the car.
Hope this help
#261 of 569 2006 LR3 V8 SE
Jan 07, 2007 (4:57 pm)
Hi all. 1/6/07 I went to CO Springs dealership and looked at leasing a loaded new java black V8 SE '06, 12,500 mi/yr for 30mo. MSRP $54,300 and trade a F150 supercrew lariat (trade $24,500, owe $28,400). Money factor 0.0016, residual 67% and $805/mo pymt after $4000 down. Dealer did not want to come down from MSRP ON A 2006, could this be because I'm a physician? I said I would think about it and let them know 1/8/07, which is the day the special program ends. Can someone offer some advice?
#262 of 569 Re: 2006 LR3 V8 SE [jsandova]
Jan 08, 2007 (3:59 am)
The $6,000 rebate is an Land Rover discount directly to the dealer base from the invoice price. Therefore the Dealer discount between the MSRP and the invoice is the one in question. I believe is just plain market forces (supply and demand) since everyone is looking for these LR3's due to the great discounts. You will have to negotiate at this time. Also it could be that if you are trading a vehicle you are not getting the $6,000 discount from LR Credit. When I was in they quote $52,000 for the SUV if I want it the low Money factor (pay $46,000). Therefore If you can sell the Lariat on your own that will be the best deal with all discounts. You will be in abetter situation.
Hope this help
#263 of 569 Re: Got my (wife's) LR3 [amcink]
Jan 08, 2007 (8:30 am)
I'm fairly certain that your dealer is mistaken. The $1500 certificate was sent to me by LRNA after I signed-up for promotions/info on the Web site. I presented it to my dealer after we had already negotiated the price, as I received it between then and signing anything. LRNA actually made a mistake on the ones they initially sent-out, and my dealer had to go all the way up the food chain to resolve it and get me the discount. They applied it to the lease cap to bring my monthly down. Looks like you got a great deal-regardless.
#264 of 569 Re: Got my (wife's) LR3 [bgsntth]
Jan 08, 2007 (11:44 am)
Where on the LRNA I need to go? I input LRNA.com and the site does not exist. Even though I already made the deal this past weekend 01/06/06. I will pursuit the extra $1,500. I need any savings I can get.
Thanks for followin up. However I need the correct site to input my information and receive the certificate.
#265 of 569 Re: Got my (wife's) LR3 [amcink]
Jan 08, 2007 (12:00 pm)
The website is www.landrover.com, but if you're deal is done, I wouldn't waste my time trying to get a certificate and going back.