- #57 of 566
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good deal?
by madiscl
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Apr 18, 2006 (11:36 am)
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this is the deal i am currently mulling over:
2006 LR3 V6 demo. MSRP $43k, negotiated price of $39,900, $2900 down (trade-in equity & cash) to be applied to first month payment, security deposit, doc. & processing fees. 24 mo. lease, 12k miles/yr., 69% residual and money factor of .00097. monthly payment just above $500. does this all seem reasonable?
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- #58 of 566
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Current Lease Programs
by qpmicro
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Apr 21, 2006 (2:42 pm)
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I was recently offered an '06 HSE with an MSRP of $55,450, selling price of $51,950; 24 month lease (74% residual, 10,500 miles) with $5,500 buy-down plus first month payment for $459.00. Is this a solid deal?
I would look to put down less than the $5,500 plus I have to roll in about $3K in payments on a lease I want to give up. So I'm looking for a payment in the mid-$600
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- #59 of 566
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Re: Current Lease Programs [qpmicro]
by geddylee2112
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Apr 23, 2006 (1:23 pm)
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Replying to: qpmicro (Apr 21, 2006 2:42 pm)
this is what i ended up purchasing..
06 LR3 SE, V8, bluetooth, satellite radio, sunroof, 6 disc changer, loaner car with 2900 miles.
with GA taxes, $555/month, $1067 down, 15k/yr, 30 month lease.
not that it matters, but was this a good deal or not? thanks in advance.
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- #60 of 566
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Re: Lease Rates [patrick18]
by Car_man HOST
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Apr 30, 2006 (7:52 am)
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Replying to: patrick18 (Apr 10, 2006 2:29 pm)
Hi patrick18. A base 2006 Land Rover LR3 SE has a spread of over $4,000 between its full MSRP and dealer invoice prices. You are only being given a discount of $1,500 on the specific truck that you are considering. I suspect that you will be able to negotiate a better price than this if you are in an area where there is a decent level of competition. Stop by the following discussion to see how much other community members have paid for similar trucks lately: "Land Rover LR3: Prices Paid & Buying Experiences".
When you arrive at a more attractive selling price, make sure the dealer that you are working with uses Land Rover's "buy rate" lease money factor to calculate your truck's lease payment. Land Rover Capital Group's current buy rate lease money factor and residual value for a 24 month lease of an '06 LR3 SE7 V6 with 10,500 miles per year are .00098 and 70%, respectively.
Car_man
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- #61 of 566
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Re: Help from Car_Man [swanrs]
by Car_man HOST
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Apr 30, 2006 (10:12 am)
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Replying to: swanrs (Apr 10, 2006 3:22 pm)
Hi swanrs. It is difficult for me to say why the dealership that you spoke with quoted you a different lease payment than the one that you calculated on your own. I can tell you that the payment that the dealership quoted you is definitely too high. I just worked up a zero down, pre-tax monthly payment on the truck that you described, MSRP $55,600, selling price $51,400, money factor .00202, and a 58% residual value, and I came up with a 36 month payment of $701.
Car_man
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- #62 of 566
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Re: help on LR3 lease [madiscl]
by Car_man HOST
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Apr 30, 2006 (10:22 am)
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Replying to: madiscl (Apr 12, 2006 3:16 pm)
Greetings madiscl. You would be better off not making any sort of down payment on your lease. Doing so puts your money at risk. If your vehicle is totaled in an accident or stolen during your lease, your down payment essentially disappears. It is difficult for me to say what your lease payment should be for this truck off of the top of my head, but I can tell you that Land Rover really isn't providing any sort of lease support on 2005 models any longer. If you want to lease, you're better off going with an '06 model. I can estimate what the lease payment should be on an equivalent '06 LR3 for you if you provide me with its full MSRP and selling price and tell me how long you want to lease for and how many miles per year you need to be able to drive.
Car_man
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- #63 of 566
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Re: good deal? [madiscl]
by Car_man HOST
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Apr 30, 2006 (10:30 am)
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Replying to: madiscl (Apr 18, 2006 11:36 am)
Hello madiscl. This would be a good price for a brand new LR3, but if this is a demo with a decent number of miles on it I personally would want a larger discount. I often find that dealers are not willing to provide enough of a discount on demo vehicles to justify purchasing what essentially is a low mileage used vehicle over a brand new one. The money factor and residual value that you were quoted are in line with Land Rover Capital Group's current program for this truck, assuming that your truck's security deposit is waived.
Car_man
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- #64 of 566
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Re: Current Lease Programs [geddylee2112]
by Car_man HOST
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Apr 30, 2006 (10:32 am)
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Replying to: geddylee2112 (Apr 23, 2006 1:23 pm)
Hi geddylee2112. You never mentioned the selling price or MSRP of the LR3 that you are interested in leasing. 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 this truck's selling price 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. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Car_man
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- #65 of 566
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Re: can someone please tell meif this is a good deal? [jaiswal]
by steakhead
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May 02, 2006 (5:55 am)
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Replying to: jaiswal (Apr 17, 2006 7:32 pm)
I found this forum helpful so I want to share my deal (I think I'm done but they keep on bettering each other – end of month). One thing I did among offers was try to nail down as many lease variables as I could and shared that info with the competing dealers when negotiating - but I wasn’t particular to color or options. Deal -
2006 LR3-SE7, 1,100 miles (loaner), 2 yr, 15k lease
-lighting package, rear seat and climate, cold package, wood trim, roof racks, and rubber mats;
-MSRP - $50,100, cap cost $44,720, residual $35,928 (around 71% of MSRP)
-MF 0.00157
-$580/month payment (includes sale and excise tax) Just depreciation fee and lease fee was around $493/month.
- about $1,500 upfront (first, $600 security, plates & registration).
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- #66 of 566
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Lease Deal
by 12348
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May 03, 2006 (6:45 am)
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2006 LR3 SE7 New, lighting package, climate package, Sirius, Cooler Box,. MSRP $52,050, cap cost $47,530. Money factor 0.00177, residual 71% ($36,955)Taxes and fees $1,483, Security Deposit $650. Total upfront payment $2,800. 24 month 15k lease $611/mo
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