Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
I have been searching dealers for the best price on a 2008 LR3. I have one tell me he will take $17k off MSRP. My wife fell in love with her friends. It is a great truck to drive. It is true there are really no 2009's and the 2010's will be out late spring? Is a lease out of the question?? 
|
|
|
Replying to: murphy4 (Feb 16, 2009 11:03 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
|
In May 2006, I leased a 2005 LR3 SE that already had 1600 miles on it at the following terms: 36 month, 15,000 miles/year at $728.44/month (7.5% tax included) with $943 out of pocket (Including the first month payment and paper work. There was no need for security deposit but I will have to pay a disposition fee when I return the car at the end of the lease.) I was told by the dealer that the MSRP of truck at that time was $50,770 and that their selling price was $40,770. The options on this truck included GPS, cold weather package, and the lighting group. The dealership also told me that there were a couple thousand dollars worth of additional dealer-installed options that they were not counting in the pricing such as wood grain dash, trailer hitch...I also had a trailer braking system installed afterwards. A few days ago, I got a call from Bank US that since my lease is ending in two months, I could either return the truck at the end of May or buy it from them for $23,465 plus any taxes, fees and "other charges". On the other hand, they told me that they would also entertain an offer from me on the purchasing price. I would like to seek your advice on: (1) Are there any reasons that I should walk away from this truck at the end of the lease, e.g., some known reliability issues on 2005 LR3, high maintainence costs, etc? (2) If I should go about making an offer, what is a good starting dollar number in your opinion? (3) If I should decide to return the truck, should I do anything in getting the truck ready before returning it to avoid additional charges from the bank? BTW, I have about 41000 miles on the truck at this time and its conditions are OK in general. I have already bought another truck (a 2008 GMC Sierra 1500) late last year but could use the LR3 as a spare vehicle. Thank!
|
|
|
Replying to: s.k. (Mar 13, 2009 12:51 am) These prices related to a dealership in the DC area.
|
|
|
Replying to: lhr7 (Mar 13, 2009 4:46 am) 23k will get you an 07 if you're tough with them. You should be looking in the mid teens. And don't let them put the vehicle number in their PC and give you that value. Its rubbish. Just put the bid in and tell em take it or leave it. These people need cash currently
|
|
|
Replying to: britman4 (Mar 13, 2009 6:04 am) Trade in - $15,100, Private Party: $17,500, Dealer Retail: $19,500 So is it reasonable for me to start the offer at $15,000? |
|
|
Replying to: DonovanG (Jan 20, 2009 3:43 pm)
|
|
|
Replying to: padraic (Mar 19, 2009 4:15 pm) The Devaluation and frankly complete lack of interest from financing companies to do it mean that if you did you would be financially significantly worse off than buying. You might get a deal on a Range Rover Sport, because they are pretty flush with them in the US. Saw one the other day at 680 month. |
|
|
Replying to: padraic (Mar 19, 2009 4:15 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
|
| My lease for a 2008 LR3 HSE ends in mid August. I went to the dealer today to discuss purchasing the vehicle after the lease expires. I figured that with the economy where it is, gas prices still high, the LR4's on the way, and folks still not buying cars that I might be able to negotiate a good deal. The residual value from my contract is about $37K. The dealer was not willing to budge off the residual value and they said they could make a lot of money off it if I did turn it in at lease end. Anyone else have any recent experience purchasing a 2008 at lease end or know if I really can't do any better than a buy out price of $37K? | |
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Land Rover LR3 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2009 Land Rover LR3
Browse by Board
Browse by Topic
Today's Chats
