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Prices Paid: Buying & Leasing Experiences 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
Does anyone know the current lease rate for LR3 HSE 08 and 09 models 15K per year 24/30/36 months.
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Replying to: postermike (Jan 06, 2009 12:28 pm) |
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Most dealers offering $14k reduction from MSRP on '08 MY LR3's in stock. Makes the LR2 seem expensive ! Heard from a local dealer that Land Rover Capital is no longer the finance arm of LR and they have arranged a new program with Chase. Can someone confirm this and also provide some insight as to what the new incentives might be for lease/purchase ? Thanks.
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Replying to: gillz (Jan 12, 2009 11:19 am) |
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Replying to: njmdx (Dec 25, 2008 6:46 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: roverdude (Jan 06, 2009 7:47 pm) If you want to lease an SUV right now, the LR# probably isn't the right model for you. Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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As noted in a prior post, I'm looking for a new LR3, preferably an 09'. After literally calling over 20 LR dealers in CA and other Western states I've found loads of 08's, most sans NAV or Bi-xenons, and 1 2009 (the elusive freshened LR3) in the desert. Leasing is terrible but word from most dealers is that the new Chase partnership will allow for new attractive leasing in April when the 09's start flowing. Dealers continue to quote $15K+ off MSRP on 08's but you forego the 36 month 0% if you take the discount.
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I am in the process of negotiating a lease on a 2008 LR3 SE with Cold Climate Package and Bi-Xenon & Front Park Distance Control. The vehicle has 8088 miles on it and was a service loaner. The MSRP is $52,150. Initially I was offered the vehicle at $36,150. I want to lease the vehicle and their offer is 12k miles for 36 months at $766.93, with $1000 down. There is a $199 doc fee and local taxes of $1580. The money factor is .00229 and the residual value is $14455. I have since been able to get them to drop the price to $35,688 and they have now offered a 42 month lease with 12k miles at $697 per month. I would like to get some feedback as to how good a deal this really is. I have read some earlier posts which included some pretty low numbers for what appeared to be new vehicles. I would prefer a brand new vehicle, but I am not sure I would get the same kind of discount
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Replying to: Schumi (Jan 20, 2009 11:53 pm) At that selling price, you can buy the car for $700/mo. for 60 months.. If the LR3 is the car you want, that's what I would do.. regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Jan 21, 2009 4:05 am) My fears with purchasing the vehicle is that then I will need to get additional warranty coverage for the last couple of years. From what I have been reading in some of the posts is that there can be quite a bit of maintenance issues that crop up after the first few years. In addition, all of the service will be included in the lease, since we won't put that many miles on the vehicle. I love the look, drive (especially off road), and space of the vehicle, but I am not sold on its long term reliability and I thought that I might try it for 3 years. Based on the ~$14k residual, I could finance that over 2 years and be at the same place at the end of 60 months. Do you know of any better deals with leases? Should I push to get the money factor lowered? Should I get them to throw in some extras with the lease?
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