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Land Rover LR3 Lease Questions

531 messages,  Last post on Sep 02, 2008 at 10:24 PM

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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#33 of 531
high Lease Rates by men2a
Feb 12, 2006 (3:52 pm)
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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 531
Lease on LR3 HSE by dellman
Feb 15, 2006 (7:24 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 531
Re: 2006 LR3 Lease [tdo123] by Car_man HOST
Feb 16, 2006 (4:59 am)
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Replying to: tdo123 (Feb 02, 2006 9:43 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
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#36 of 531
Re: Lease Rates [mrwizard32] by Car_man HOST
Feb 16, 2006 (5:05 am)
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Replying to: mrwizard32 (Feb 10, 2006 12:22 am)

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
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#37 of 531
Re: high Lease Rates [men2a] by Car_man HOST
Feb 16, 2006 (5:57 am)
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Replying to: men2a (Feb 12, 2006 3:52 pm)

Hi men2a. The lease payment that you were quoted does look a little high. There are two ways that you can reduce its payment. the first is to get the dealer that you are working with to lease it to you using Land Rover's buy rate lease money factor. Land Rover Capital Group's current 39 month buy rate lease money factor for the 2006 LR3 HSE is .00264. It appears as though the dealer that you are working with it attempting to mark this factor up to add additional hidden back-end profit to your deal.
 
The other way that you can lower your lease payment is to negotiate a more attractive selling price for the truck that you want. I don't know how much of a discount you are being given on this truck because you never mentioned its selling price, but a base '06 LR3 HSE has a whopping spread of over $4,700 between its full MSRP and dealer invoice prices. There is a lot of room to negotiate in there.
 
Car_man
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#38 of 531
Re: Lease Rates [Car_man] by ddwinell
Feb 19, 2006 (12:31 pm)
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Replying to: Car_man (Feb 16, 2006 5:05 am)

Hi Car_man,
 
Interested in knowing how you source the information you have on Land Rover Capital Group's current lease programs? For those of us that have to ask , assuming the money factor is the same, what would the buy rate lease residual be for 24mnths/10k miles on the 2006 LR3 HSE? Is it fairly safe to assume in most cases with Land Rover that it will be another 2% over the 12k miles residual? How often do the money factor/residual values fluctuate with Land Rover? Want to get a feel for whether it is safe to assume that if I see lease program information on this site from three days ago, it is probably still current.
 
Thanks,
 
ddwinell
#39 of 531
any month end lease deals on LR3's now? by bikeswimrun
Feb 25, 2006 (2:50 pm)
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My disco ll lease is up and I want to get a LR3. Is there any special programs for leaseing LR3 se7's I won't get the HSE. I prefer to lease. I can calculate the payments from the other info available here but is there any mfg to dealer money not shown on Edmunds Incentive site??
#40 of 531
Re: Lease Rates [ddwinell] by Car_man HOST
Feb 26, 2006 (7:59 am)
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Replying to: ddwinell (Feb 19, 2006 12:31 pm)

Hi ddwinell. I am not aware of any resource that provides information on manufacturers current lease money factors and residual values to the general public. If you were to lease a 2006 Land Rover LR3 HSE through its captive finance company right now for 24 months with 10,000 miles per year, its buy rate lease money factor and residual value should be .00207 and 74%, respectively. The residual values for 10,000 mile per year leases for Land Rovers are only 1% higher than its 12,000 miles per residuals. Unlike a number of other manufacturers that change their lease programs every month or every other month, Land Rover usually only revises its lease program on vehicles quarterly.
 
Car_man
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#41 of 531
Re: any month end lease deals on LR3's now? [bikeswimrun] by Car_man HOST
Feb 26, 2006 (8:07 am)
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Replying to: bikeswimrun (Feb 25, 2006 2:50 pm)

Hi bikeswimrun. That sounds like the username for a triathlete. If so, I'm impressed. My triathalon usually consists of type, scroll, click . Anyhow, Land Rover is currently providing $1,000 dealer cash on 2006 LR3 V6 models, however this cash is not compatible with its special lease program. In your post you mentioned that you currently have a Disco. That is good news because it means that you probably qualify for the $1,000 owner loyalty cash that Land Rover has available on the '06 LR3. This cash is compatible with the lease program.
 
Car_man
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#42 of 531
Lease Numbers by gspringer
Mar 27, 2006 (12:23 am)
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Hi Car_man,
 
I'm looking at leasing a 2006 LR3 HSE within the next few days and wanted to see if the previous Money Factor and Residual Numbers talked about last month are still valid.
 
I'm looking at either 24 or 36 months for lease term and 12K miles per year.
 
Thanks!

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