Last post on Aug 06, 2010 at 2:34 AM
You are in the Prices Paid - Buying & Leasing Experiences
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Land Rover LR3, Car Leasing, SUV
#503 of 569 Re: Current Lease Rates [bigjoelr3]
Mar 04, 2008 (2:59 am)
Here's the information that you're looking for, bigjoelr3. Land Rover Capital Group's current buy rate lease money factor and residual value for a 24 month lease of a 2008 Land Rover LR3 HSE with 15,000 miles per year are .00023 and 58%, respectively. The numbers for an otherwise identical lease of an '08 LR3 SE are .00007 and 58%. Land Rover is providing much better money factors on 24 month leases of these trucks than it is on 30 and 36 month leases. You're right about the residual values. You were fortunately to get a 73% resid when you leased your LR3 several years ago, boy was that out of whack. The 58% residual value that Land Rover is using for this truck now is much more realistic.
Prices Paid: Buying & Leasing Experiences Forum
#504 of 569 Re: End of lease LR3 [jjf030]
Mar 25, 2008 (10:46 am)
I may be doing the same lease of an HSE loaner. Can you let me know your deal? My deal is around $635/mth before taxes; 30 mths; 15,000 miles/yr; no money down.
#505 of 569 Re: End of lease LR3 [ctfarmboy]
Mar 30, 2008 (7:00 pm)
F.Y.I. I was offered $608 on a Loaded 2008 LR3 SE with Tech Pkg, Front/Rear Parking/Bi-Xenon, and Cold Weather Group - 3,000miles, Dealer Loaner for 36months/15,000 miles/yr.
#506 of 569 Re: End of lease LR3 [ctfarmboy]
Mar 30, 2008 (7:41 pm)
My 08 LR3 HSE, has Luxury Package, Cold Weather and Sirius. MSRP was about $58,600. I paid $50,300 for the truck, then leased it for 24 mos for $735 per month, 12K miles, no money down. It was a service loaner and had 5k miles on it.
Your deal sounds pretty good, especially if it has the luxury package and all of the options. I am in Atlanta and bought mine locally here. Where are you located?
#507 of 569 Re: End of lease LR3 [jjf030]
Mar 31, 2008 (5:16 am)
I'm located in Northern NJ. this thing is fully loaded HSE, sticker of $57,950. It has 8,000 miles, which means it could cost me a second round of brakes/tires - my current LR3 SE needed brakes/tires at 20k miles.
#508 of 569 Re: End of lease LR3 [jjf030]
Apr 03, 2008 (6:45 am)
I am shopping for a Land Rover LR3 HSE and would like to lease. I'm in the Atlanta area as well. It sounds like you got a good deal. Where did you buy and can you offer any tips? Thx!
#509 of 569 Re: End of lease LR3 [abarry]
Apr 03, 2008 (6:41 pm)
I bought my LR3 from Land Rover Buckhead. This is the second rover I have leased from them. I have been pleased with their service and price.
#510 of 569 Leasing need quick advice
Apr 11, 2008 (2:45 pm)
I am leasing an new LR3 HSE all options except the Heavy package. MSRP -$58,350
Money factor .0019, with $7500 dealer incentive. 36 months 15000 miles/yr. I am also trading in my 01 Wrangler 4cy 72000 miles for $6200.
Monthly payment is $685 with a buyout of $24,653 at end of contract.
This is my first lease and I new to money factors, rent charge, etc. It seems that if I lease instead of buy I will save $4000 after I buyout.
The purchase price for the vehicle is $54,600.
Does this seem like a fair deal?
#511 of 569 Re: Leasing need quick advice [squealpigs]
Apr 11, 2008 (4:29 pm)
I'm in VA and just got two quotes today on an HSE w/ Lux. Both leases were for 36month w 12k miles per year and only the 1st months payment due at signing. No trade-in involved yet. Something doesn't add up so I'm investigating further.
54.1k sales price and lease for $796/month
51.3k sales price and lease for $826/month
I think deal #2 is trying to make up the difference by charging me more interest but I didn't get the money factors out of either dealer. I have a leasing agent in TX that has done leases for me before through US Bank (apparently US Bank is starting to do LR leases for LR Dealers too)
Both would prefer to sell me something out of their stock but I want a color that neither has in stock so both are willing to find me a truck.
I won't know anything more until tomorrow at least. Let me know what you decide. I'll post what I find out.
#512 of 569 Re: Leasing need quick advice [haveblue]
Apr 12, 2008 (5:15 am)
Well you have to figure I am trading in a vehicle at $6200, that would be an extra $100/month to my bill. A few questions I am asking are.
1-Is there a mileage charge at buyout, if not I want it in writing.
2-Does the leasing company charge ANY fees for oving out of state, in writing.
3-There is a $400 disposition fee if you do not purchase the vehicle, is there one if you do. In writing again.
This link was helpful http://www.carbuyingtips.com/lease5.htm