- #522 of 566
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2008 LR3 HSE LEASE DEAL
by claimguru
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May 03, 2008 (12:24 pm)
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I received a deal today for a 2008 LR# HSE fully loaded (except entertainment system) and was wondering if it is a good deal for 36 months
msrp 55200
purchase price 52200
total capital cost of 45759.95 (includes 7500.00 discount from lease company)
acquisition fee 695
fees and ins 599.95
residual 43%
15,000 miles year
with 1424.04 down
monthly payments included tax 802.45
Would like to close the deal tomorrow 5/4/08
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- #523 of 566
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LR3 Lease
by fallon511
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May 04, 2008 (5:51 am)
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I have been offered $ 7500.00 discount (non Land Rover lease). So did you negotiate your price over and beyond the 7500 discount?
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- #524 of 566
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Re: LR3 HSE May 2008 Lease Rates [claimguru]
by Car_man HOST
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May 15, 2008 (1:39 am)
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Replying to: claimguru (May 03, 2008 12:13 pm)
Here's the latest information, claimguru. 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 .00001 and 54%, respectively. The numbers for an otherwise identical 36 month lease are .00092 and 44%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #525 of 566
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Re: 2006 LR3 lease almost up [mrchili]
by xsaluki
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May 28, 2008 (10:33 am)
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Replying to: mrchili (Apr 28, 2008 12:38 pm)
btw....my current LR3's tires are totally worn on the inside due to a factory issue and they offered to split the $2k cost with me. It has 19k miles and I'm giving it back in a month and they want $1k because of a factory problem...has anyone ran into this problem????
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Yes. I have the same problem. $1400 was the cost quoted to me. It is obvious that the air suspension doesn't align properly when driving at normal speeds.
They just decided to tell me at my last service before I return mine. They knew of an issue on my last LR related to breaks, denied it at purchase time and then wanted money at returned time.
I will never do business with LR again. I can take mistakes, but the lying is another thing.
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- #526 of 566
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Re: 2006 LR3 lease almost up [mrchili]
by jayrod422
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Jul 01, 2008 (1:12 pm)
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Replying to: mrchili (Apr 28, 2008 12:38 pm)
My 2006 lr3 se had the factory tire issue also.. My dealership told me that I would only have to pay for 1 tire. The other 3 and the install costs would be picked by them and landrover..
Bring up the class action lawsuit with them and tell them you will pursue it against the dealership and landrover... My dealership tried pulling this crap with me but once I started talking lawsuit and class action things changed very quickly..
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- #527 of 566
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LR3 Lease
by postermike
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Aug 14, 2008 (10:32 am)
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Carman,
Can you quote me just the residual and what kind of a lease fee that I can expect to pay for the following vehicle? I'm in Atlanta, GA.
2008 LR3 HSE, MSRP: $57,950, Purchase Price: $46,475.
2 Year Lease  10k per year.
I will be paying the entire lease up front.
My '08 Jeep Commander is just about to be bought back from Chrysler under Lemon Law and I'm getting back a little over $17k, I paid for that lease up front also. I'm hoping, with the great price I'm getting for the LR3, I won't have to come out of pocket with much more.
Thanks,
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- #528 of 566
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Re: LR3 Lease [postermike]
by Car_man HOST
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Aug 20, 2008 (2:16 am)
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Replying to: postermike (Aug 14, 2008 10:32 am)
Hello postermike. According to the latest information that I have seen, 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 10,500 miles per year are .00213 and 64%, respectively. Using these numbers, an MSRP of $57,950, and a selling price of $46,475, I estimate that this truck's zero down, pre-tax monthly payment should be around $570.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #529 of 566
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Re: LR3 Lease [Car_man]
by marcz
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Aug 26, 2008 (8:50 pm)
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Replying to: Car_man (Aug 20, 2008 2:16 am)
I am in California and wanted to lease a fully loaded 2008 LR3HSE (3 years, 15K miles per year). I got written competitive bids from five local dealers through checkbook.org (a non-profit car buying service that several friends had used with excellent results); none of the dealers were using Land Rover Capital. When I called the dealers and checkbook.org to inquire, I was told that LRC had ridiculously low residuals and incredibly high money factors, so all the dealers had switched to US Bank. Then the bottom fell out of the lease market, with several manufacturers saying they would simply not lease any cars. While the lowest bidder discounted the car over $4K below invoice, the residuals with US Bank went down in a matter of days from 42% to 35% for a 39-month lease, with a money factor of .00192. Still no one was using LRC for the leases. Do you have any information that would shed some light on this? It was all very strange. Thanks for your input.
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- #530 of 566
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Re: LR3 Lease [marcz]
by moejojojo
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Sep 01, 2008 (10:57 am)
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Replying to: marcz (Aug 26, 2008 8:50 pm)
marcz, sorry to hear about your problem. I'm planning an LR3 lease also and I'll be contacting checkbook this week or next. I used them on my last two purchases with great results. I'm sure if you contact them and tell them your problem, they will revise your information.
What were the better lease rates they quoted you on the LR3. I'm trying to decide between a lease and purchase but leaning towards lease. I know you can get good deals on 2008 purchases. Not so sure about the leases.
Thanks.
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- #531 of 566
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Re: LR3 Lease [moejojojo]
by marcz
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Sep 02, 2008 (9:24 pm)
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Replying to: moejojojo (Sep 01, 2008 10:57 am)
Checkbook got quotes from 7 dealers, all of whom were using US Bank, not Land Rover Capital. All of the dealers quoted identical residuals for a 3-year, 15K mile HSE lease (42%) and identical money factors (.00236); all had a $795 acquisition fee but no security deposit. The best cap cost was $4K below invoice. I had to lease for business reasons, but even the dealer was pushing a purchase as a much better deal. Be sure to ask about shorter and longer term leases, as well as the SE vs. HSE; I think the numbers would be different, and you can never tell which combination will produce the lowest payment. Also, if you can do 10K or 12K miles that will also make a difference. Good luck.
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