Sign In Join 

You are here: [F] Forums / Prices Paid: Buying & Leasing Experiences / Land Rover LR3 Lease Questions



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


Messages Page 50 of 57
1
...
47
48
49
50
51
52
53
...
57
Prev
Next
Last
Go To Msg #
Search This Discussion

#487 of 566
LR3 End of Lease Residual Negotiation by jjf030
Dec 24, 2007 (7:39 pm)
Reply
My 06 LR3 HSE lease matures in 4 months with Land Rover Capital and I am considering purchasing the vehicle, but my residual is almost $39K and the current market value is considerably less than that. I only have 16K miles on the truck and it has had very few problems.
 
Does anyone know if LR Capital will negotiate residual values? The truck is only worth about $33K at the most. I have heard some leasing companies will negotiate residuals. Is this something the dealer would have control over?
 
Thanks for any info.
#488 of 566
Re: LR3 End of Lease Residual Negotiation [jjf030] by ssp1
Dec 25, 2007 (11:13 am)
Reply

Replying to: jjf030 (Dec 24, 2007 7:39 pm)

I have this same question as jjf030. I have a 2006 LR3 SE with all the stuff including navigation etc. My lease matures in about 4 months as well but I have 30K miles on it. Very interested in buying it because i have had no problems. I am guessing that if i look at blue blook retail for 30K miles on an LR3 (that was the lease mileage cap), then that will give me a good idea at lease maturity as to where the sale price should be - and i am thinking that sould iclude a certified warranty or similar (meaning if i use the retail value in blue book as a proxy, that higher price should account for dealer costs to get the vehicle in certified sale condition)
 
If someone with good knowledge can respond here that would be great.
#489 of 566
Re: LR3 End of Lease Residual Negotiation [ssp1] by ssp1
Dec 25, 2007 (11:15 am)
Reply

Replying to: ssp1 (Dec 25, 2007 11:13 am)

And the follow up question is whom do you deal with on this? the dealer that i leased it from? any dealer? LR Capital? Should i take it to my dealer and see what they can do and if they are not making a deal try another dealer or talk direct with LR Capital?
#490 of 566
Re: Carman this is what I found [ysauto] by Car_man HOST
Jan 03, 2008 (2:26 am)
Reply

Replying to: ysauto (Nov 30, 2007 7:52 am)

Hi ysauto. I believe that Land Rover's lease program is exactly the same today as it was when you mentioned this advertised payment. The advertisement never mentioned this truck's selling price. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the LR3 that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what this vehicle's selling price is.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#491 of 566
Re: Help for LR3 Lease?? [robinakirk] by Car_man HOST
Jan 03, 2008 (2:36 am)
Reply

Replying to: robinakirk (Dec 08, 2007 4:01 pm)

Welcome robinakirk. $4,000 is too much money to pay at lease signing. I always advise consumers not to make capitalized cost reductions on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You would be better off only paying your truck's first month's payment and Land Rover's $595 acquisition fee at lease signing.
 
I would be happy to give you a detailed analysis of this deal, but you never mentioned this truck's selling price or MSRP. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing what this vehicle's selling price is in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. Let me know what these numbers are and I'll tell you what I think.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#492 of 566
Re: LR3 End of Lease Residual Negotiation [jjf030] by Car_man HOST
Jan 03, 2008 (2:44 am)
Reply

Replying to: jjf030 (Dec 24, 2007 7:39 pm)

Hi jjf030. Your dealer probably does not have the ability to negotiate your truck's purchase option price. Its end of term price is between you and Land Rover Capital. Give them a call and try negotiating with them. If your initial contact at your bank is not willing to lower your vehicle's price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they won't, but you don't have anything to lose by asking.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#493 of 566
Re: LR3 End of Lease Residual Negotiation [ssp1] by Car_man HOST
Jan 03, 2008 (2:51 am)
Reply

Replying to: ssp1 (Dec 25, 2007 11:15 am)

Hi ssp1. In order to determine whether you should purchase your LR3 at the end of your lease, you need to compare its purchase price to its value on the open market at this time. Even though its purchase option price is stated on your lease contract, you should place a call directly to Land Rover Capital (there's no need to involve any dealer) that you are leasing it through just to make sure that you have the correct figure. When you do so, it never hurts to try to haggle with them. Some banks will negotiate the lease-end purchase prices of vehicles. If your initial contact at your bank is not willing to lower your vehicle's purchase price, you may have better luck if you work your way up the ladder to a manager. There is a good chance that they will not lower your vehicle's price, more often than not they will not, but you don't have anything to lose by asking.
 
As I said earlier, once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values".
 
If your truck's purchase price is less than or in line with its current real world value then you may want to consider buying it. If not, just walk away and lease or purchase a new vehicle.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#494 of 566
Re: Carman this is what I found [Car_man] by ysauto
Jan 03, 2008 (6:28 am)
Reply

Replying to: Car_man (Jan 03, 2008 2:26 am)

Thank you, it looks like i am getting an MDX
#495 of 566
Re: Carman this is what I found [ysauto] by Car_man HOST
Jan 29, 2008 (2:12 am)
Reply

Replying to: ysauto (Jan 03, 2008 6:28 am)

No problem, ysauto. Enjoy your MDX.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#496 of 566
LR3 Lease by geoffflynn
Feb 20, 2008 (6:11 pm)
Reply
LR is offering the following lease. Anyone have any perspective for whether it is competitive?
 
2008 LR3 SE with Cold Climate Package: $599/month* with a 24-month lease and a $4,687 initial payment
Security deposit waived. Excludes taxes, title and license fees. *New and previously untitled vehicles only. Not all lessees will qualify for lowest Land Rover Credit lease. Payments may vary. Residency restrictions apply. Lessee responsible for excess wear and mileage over 21,000 miles at $0.20/mile. Lessee has the option to purchase vehicle at lease end at price negotiated with dealer at signing. Initial payment includes: $3,493 down payment, $595 acquisition fee, $0 security deposit and $599 first month´s payment. Take new retail delivery from dealer stock by 3/31/08.

Messages Page 50 of 57
1
...
47
48
49
50
51
52
53
...
57
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

You are here: [F] Forums / Prices Paid: Buying & Leasing Experiences / Land Rover LR3 Lease Questions

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Learn More

2009 Land Rover LR3

2009 Land Rover LR3 V8 SUV

More Pictures

DoMore

Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement