Last post on Aug 06, 2010 at 2:34 AM
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Land Rover LR3, Car Leasing, SUV
#272 of 569 Re: New LR3 promotions [bigsexcg]
Jan 17, 2007 (2:38 am)
Hi bigsexcg. Land Rover extended the $6,000 dealer cash that it has been providing on the 2006 LR3 through April 4th. It still has a special lease program on this truck, but its month factors and residual values are different. Plus, it introduced new lease cash on select models. Specifically, it is now providing $3,725 on '06 LR3 V8 SE, $3,650 on LR3 V8 HSE, and $1,000 on LR3 V6 models. It is also waiving lessees first month's lease payments on V6 models.
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#273 of 569 Re: january captive lease rates [lsleelee]
Jan 17, 2007 (2:39 am)
Hi lsleelee. These trucks' lease programs vary by trim level, term, and mileage allowance. I would be happy to give you an idea of what these trucks' current programs are like if you provide me with this information.
Prices Paid Forum
#274 of 569 Re: New LR3 promotions [Car_man]
Jan 17, 2007 (10:08 am)
I had no idea there are such great deals on left over '06 LR3s. So if I'm looking at a HSE with a msrp of $56k, what type of discounts are available? Is the $6k dealer cash, $3,650 in lease cash and this mysterious $1,500 certificate available for a total discount (before negotiating) of $11,150? What is the most advantagous lease terms right now for 15k/year? 24, 30 or 36 months? Please provide residual and money factor information.
#275 of 569 Re: january captive lease rates [Car_man]
Jan 17, 2007 (9:34 pm)
LR3 V8 SE & V8 HSE, Range Rover Sport HSE & Supercharged, all for 36mo/12000K. Thanks.
Also, do you know if Land Rover dealers are limited to a maximum MF markup like, say, BMW?
#276 of 569 New LR3 promo's
Jan 18, 2007 (8:44 am)
The $6K can only be applied to a purchase, not a lease-I believe. You can combine the lease cash and $1500 certificate to bring the cap cost down. My deal is above, but I think the residuals and money factor have changed.
So did your GX470's lease end? Mine did.
#277 of 569 Re: Is this a decent Lease Deal [Car_man]
Jan 18, 2007 (9:46 am)
I just received a quote on 2006 LR3 HS V8 (with moonroof, and cold weather pacjage, and satelite radio). Pleas elet me know if it's a good deal. Here a re the numbers:
Dealer Cash: 4,000
My cash contribution: 4000
Cap cost: 42,650
Lease term: 24 mos
Resid %: 65%
Money factor: .00045
residual value at lease end: 32,500
Monthly lease quoted (inldudes all taxes and fees): $385.19
What do you think???
#278 of 569 Re: New LR3 promo's [bgsntth]
Jan 18, 2007 (1:20 pm)
bgsntth - Thanks for the information. That is what I was afraid of. Negotiating with area dealers for the best deal on a left over '06.
Sold the GX about a year ago on ebay (would buy another in a second if they made the second row of seats pass through to the third row (no idea why SUV makers don't provide this option)).
Anyways, bought a Odyssey Touring last year, but wife doesn't like a minivan. We rented a LR3 while on vacation last month and really liked the setup as the third row is useable on a daily basis for our 3 kids. LR3 is the only SUV which offers this functionality that we have found and the only real alt to a minivan. Given how frequently we seem to trade cars, no interest in buying but would rather lease to avoid the resale/trade hassle. Trying to find a third party lessor that has respectible residuals and mf so I can still use the LR $6k dealer cash rather than the $3.6k lease cash.
#279 of 569 Re: Is this a decent Lease Deal [dfarnsworth]
Jan 19, 2007 (9:35 am)
Is this an SE or HSE? How many miles per year? My residual for 30month/10.5K is 68%, so yours seems low if it is an SE or the same miles. LRNA extended the terms I bought mine under: zero drive-off/599 per month, which goes down to $548 when you apply the $1500 certificate. This is for an V8 SE w/ every option except navigation.
#280 of 569 Re: Is this a decent Lease Deal [bgsntth]
Jan 19, 2007 (1:19 pm)
This is for a SE 7 seat with every option but nav. 24 month lease with 65% residual and 10.5k miles. My cap cost price with all reductions in $38,700 down from $51.5k msrp. My contribution including all taxes and fees is $3,000, meaning the dealer and LRA put almost $10k in as lease cash. I plan to pick up tomorrow. I cannot find a better lease deal anywhere near comparable.. I feel pretty confident on this one, but sure there is always a better deal somewhere...
#281 of 569 Trade for a broken Freelander
Jan 20, 2007 (11:08 pm)
My 2002 Freelander developed a coolant leak, so my dealer says I need a new engine. They are also telling me that the Land Rover Assured Extended Warranty (provided by APCO) is not going to cover it. The long and the short of it is that they said they would like to get me a "great deal" on a new LR3. This is what they have offered me:
2006 LR3 SE V8 with rear seat package/cold climate package/satellite radio
Lease Terms: 30 month/12K mi
Purchase Price: 47,100
Bank Fee: 595
Net Cap Cost: 47695
Money Factor: 0.00093 (This seems good to me)
Residual Value: 59% (This seems low, but may be appropriate given how late it is in the year)
Bottom Line: no money down. no trade. 673.81/month.
They said they are using the 3725 lease cash to pay for the license fees and other fees, and the rest is was taken off the MSRP. It basically sounds like they are not giving me any kind of discount themselves, and only the 3725 from LRNA. My questions are:
1. Would it be better to apply the entire 3725 lease cash to decrease the net cap cost?
2. What would be a "reasonable" purchase price to negotiate for the vehicle?
3. How do I get one of these $1500 rebate certificates?
I am stuck with this dealership, as it is the only one in San Diego, and my Freelander engine is currently half disassembled in their shop, but they did off me $8000 for tradein from the Freelander, and I'm not sure anyone else would give me that much for it. Still, that should not preclude them from giving me a good deal on the LR3...
Any thoughts or advice would be greatly appreciated!!!!!