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Land Rover LR3 Lease Questions

566 messages,  Last post on Aug 04, 2009 at 9:28 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#27 of 566
Re: 2006 LR3 SE w/nav quote review [vt100] by vt100
Dec 20, 2005 (10:45 am)
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Replying to: vt100 (Dec 19, 2005 2:07 pm)

If anyone else has a comment on this your feedback will also be appreciated. Time is of the essence and I'm pretty much ready to lease, just want to make sure I'm not making a mistake.
 
thanks people, and happy holidays!
#28 of 566
2006 HSE quote review by manoftaste
Dec 23, 2005 (9:28 pm)
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Hi all, i was just quoted the following numbers for lease and purchase, and i would greatly appreciate it if i could get some feedback before i pull the trigger....thanks. Also, the follwoing numbers were quoted to me without me doing any negotiations, etc. I just told them that i would get back to them...
 
FOR LEASE:
2006 HSE (with Luxury pkg, Heavy Duty PKG)
MSRP: $55825
Quoted Price: $52500
Miles: 15k
Money Factor: .00307
Residual: 70%
Acquision fee $595
Down payment: $1496.21 (without taxes)
Monthly payment: $793.88 (includes taxes)
 
FOR PURCHASE i was quoted $52500
 
Also, i recently receive a $1500 discount coupon from Land Rover in mail. And a few days ago i had also received a 1500 discount offer from LR when i was surfering their site (a pop-up window offer). Am I entitled to one of these discounts on top of the negotiated price with the dealer?
 
anxiously awaiting replies, thanks...
#29 of 566
LR3 lease quote... by tie1on
Dec 28, 2005 (9:12 am)
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Hi & I am gald I have found this discussion. I have picked up an LR3 for test drive and was given some lease figures from the dealer and am not sure if it's right or not. It's a '05 LR3 - SE loaded - MSRP of 52,295. They will take the $5k invcentive off and give me the tax credits. They say the residual is 66% approx. $38k. The discounted price is approx $47k. My payment on a 30mo. w/ 20k miles per year is $899. (remember- no tax) Is that a good deal? I hope someone responds to this quickly. I plan on returning the truck to the dealer this morning...
#30 of 566
Re: LR3 lease quote... [tie1on] by british_rover
Dec 28, 2005 (7:17 pm)
Reply

Replying to: tie1on (Dec 28, 2005 9:12 am)

There is an aditional 700 rebate you can get from land rover to use towards cap cost reduction make sure they are using that. For a 20k mile lease I guess that sounds about right. It looks high to me but I guess that is just cause I am used to using 12k and 15k leases.
#31 of 566
2006 LR3 Lease by tdo123
Feb 02, 2006 (8:43 pm)
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Carman - I am hoping you are still watching this forum.
 
I am trying to work out a lease or buy on a 2006 LR3 HSE V8 with a sticker of 55,525. As of this year, they are telling me that the residual has dropped from ~70% to 68%. That seems really harsh to me and can't tell if this is from LR or the dealer.
 
Do you have any info from LR that can give us some numbers.
 
I am looking for 15K a year on a purchase of 52,255. Any thoughts?
#32 of 566
Lease Rates by mrwizard32
Feb 09, 2006 (11:22 pm)
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Hello all. The wife and I went to the local LR dealership (Anaheim Hills) and took the LR3 for a test drive last weekend. The off-road course was really impressive, but the on-road was what we liked the most. As a result, we're seriously considering the vehicle.
 
So, we're looking for an '06 HSE (or perhaps an SE7-nav) and the typical sticker price is about $55K (HSE+luxury package). Without any negotiating, the salesman told us that a $0-down 48-month lease would be about $850+tax/mo. This seems quite high if you ask me. An equally (street)priced Navigator is about $660/mo for 39-months.
 
So, what I want to know is... What should I expect to pay for this vehicle? What should I expect my monthly lease rate to be (looking for either 24 or 36 month). What would be a fair price/rate? What would be an amazing price/rate?
 
Perhaps some of you could advise what the effective purchase price for your vehicle was and what your lease rates are? I'd need to know what the lease term is, and the number of miles per year (12K/15K) and if possible. There are other important things like the money factory (effective APR) and the the residual value, but I don't expect people to know those off the top of their heads.
 
For instance:
MSRP: $55K
Negotiated purchase price: $53K
Lease: $700/48-mo/15K-year
 
Cheers,
-Alan
#33 of 566
high Lease Rates by men2a
Feb 12, 2006 (2:52 pm)
Reply
Hello.
 
I just obtained a quote from the nearest dealer from my city, which is in Albuquerque, NM. After reviewing some of the postings on this page, I realize that they are quoting extremely high for a 39 MO. lease. Here's what they propose.
 
'06 LR# HSE
Sell Price $ 55825.00 +
10" DVD, tow hitch + mats $ 1120.00
15K miles per year.
Money factor .00314
Taxes and 1 month security deposit up front +
$ 591.00 on fees.
 
Monthly payment of $ 978.00
The sales person did not mention any rebates whatsoever.
 
I would appreciate any offer suggestions to make to the dealer or any leads to other dealerships where I can get a better quote.
#34 of 566
Lease on LR3 HSE by dellman
Feb 15, 2006 (6:24 am)
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I just leased an LR3 HSE, 30 months, 12K,(Heavy Duty, Luxery package, rubber mats) MSRP $56,475 for a selling price of $52,281.96. $614.00 a month plus sales tax. Alittle less than $4,000 down.
#35 of 566
Re: 2006 LR3 Lease [tdo123] by Car_man HOST
Feb 16, 2006 (3:59 am)
Reply

Replying to: tdo123 (Feb 02, 2006 8:43 pm)

Hey tdo123. Individual dealers do not have the authority to alter banks' residual values, so the number that your dealer told you is probably correct. If you tell me how long you want to lease this truck for, I can tell you what Land Rover's current residual value for it is.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#36 of 566
Re: Lease Rates [mrwizard32] by Car_man HOST
Feb 16, 2006 (4:05 am)
Reply

Replying to: mrwizard32 (Feb 09, 2006 11:22 pm)

Hi Alan. I can give you an idea of what this truck's current lease program is like. If you were to lease a 2006 Land Rover LR3 HSE through Land Rover Capital Group right now for 24 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00207 and 71%, respectively. The numbers for an otherwise identical 36 month lease should be .00259 and 58%. If you were to lease with only 12,000 miles per year, this truck's residual values would be 2% higher.
 
I'd be happy to give you an idea of what sort of lease payment to expect to pay on this truck right now, however in order for me to do so I need you to provide me with its full MSRP and an approximate selling price. You may be able to get an idea of how much you should pay for one right now by visiting the following discussion: Sylvia, "Land Rover LR3: Prices Paid & Buying Experiences" #, 3 Mar 2005 6:49 pm.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

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