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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

What is this discussion about? Land Rover LR3, Car Leasing, SUV


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#91 of 566
Re: Lease Quote [mrchili] by Car_man HOST
Jun 19, 2006 (2:19 am)
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Replying to: mrchili (Jun 10, 2006 8:43 am)

Congratulations on your new truck, mrchili. Thanks for taking the time to share the details with everyone. Enjoy!
 
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#92 of 566
Re: Lease Quote [sanman5] by Car_man HOST
Jun 19, 2006 (2:22 am)
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Replying to: sanman5 (Jun 11, 2006 9:22 am)

Hi sanman5. That is an attractive monthly payment. Of course, it will be higher than that for a $0 down lease. I'd be happy to work up a payment for you on any truck that you are considering, exactly as you want it equipped, if you provide me with its full MSRP and approximate selling price.
 
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#93 of 566
Got my SE Yesterday by bigjoelr3
Jun 19, 2006 (5:01 pm)
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Here's my deal. SE with every possible option. MSRP 55,025, invoice was 50,147 + 500 RAG Fee (advertising fee) + 120 for mats for a selling price of 50767. I went with the 24 month/10500. I probably should have just done the 15k miles, but thought it was 20 cents/mile for overage and it turned out after the deal was agreed to that its now 25 cents per mile.
 
Anyways, money factor was .00157 and residual of 74% or 40718.50. Payment with 8.25% sales tax here in Los Angeles came to a total 0f $610 per month. Had to put down $1998 for first payment, tags, acquisition fee 595 and went with the wear care for $350 because I will undoubtedly beat the crap out of this thing off roading. We'll see if it was money well spent.
 
I requested information from Land Rover to see if the $1500 off coupon would come but the wife got tired of me looking for a car so couldn't wait any longer. If the coupon shows up I will be pissed.
 
Anythoughts on whether this was a good deal?
#94 of 566
$1500 Off Coupon by bigjoelr3
Jun 20, 2006 (11:22 pm)
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Wouldn't you know it. 2 days after I did my lease, Land Rover sent the $1,500 off coupon in the mail. I even inquired to Land Rover directly whether they would be sending it out. They said no.
 
I am going to the dealer tomorrow to demand my $1,500. Wish me luck.
 
By the way, just request information from Land Rover on the website and they will send the information to you. The coupon is valid until 7/31/06 for purchase or lease.
#95 of 566
Re: $1500 Off Coupon [bigjoelr3] by mrchili
Jun 21, 2006 (11:17 am)
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Replying to: bigjoelr3 (Jun 20, 2006 11:22 pm)

mine was valid till end of June, so I guess it depends on when they mail it. . . .
 
but good luck anyway, glad someone else took advantage of my advice.
#96 of 566
Re: $1500 Off Coupon [mrchili] by bigjoelr3
Jun 21, 2006 (3:53 pm)
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Replying to: mrchili (Jun 21, 2006 11:17 am)

Dealer was great about giving me the discount after the fact. I upgraded from 10500 miles to 15k with no increase in the monthly payment. That is going to save me more like $2250 not 1500 because I was already planning on driving the 15k per year and paying the overage at the end.
 
Funny thing, this morning they also emailed the coupon to me as well.
#97 of 566
Re: $1500 Off Coupon [bigjoelr3] by mrchili
Jun 22, 2006 (9:30 am)
Reply

Replying to: bigjoelr3 (Jun 21, 2006 3:53 pm)

yeah they did that to me also via email, but my email expired the end of May and they sent it in June, so good thing they sent the snailmail valid till the end of June.
It dropped my payment from $596 to $531.
#98 of 566
2006 V8 HSE in NJ by arashid123
Jun 22, 2006 (6:12 pm)
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Just Got into a Black/Black V8 HSE demo at Land Rover in Woodbridge NJ. Vehicle has 2,500 miles on it w/luxury pkg & All season mats. The deal was as follows:
Total out of pocket: $2,022.00 (Incl. 1st payment, Wearcare, Aquisition fee, tags, title, etc.)-(No coupons)
Terms: $634.88/ month for 24 mos. at 15k miles per year. I think they also have a Silver/Alpaca available for any takers. Hope I didn't get screwed, and that this helps.
#99 of 566
TRADE IN FOR LEASE? by abraxas23
Jun 23, 2006 (4:53 am)
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I have a 2002 Disco, thinking about upgrading to a LR3 but am thinking I would like to lease. How favorable is LR for trade ins? Do they keep to the blue book? Also, will the trade in help the value of the lease? I am referring more to at the end of the lease as to the upfront. I have never leased before but financing for 4-5 yrs the vehicles change and its nice to have new. Any advise would be appreciated.
#100 of 566
Re: TRADE IN FOR LEASE? [abraxas23] by bigjoelr3
Jun 23, 2006 (11:28 am)
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Replying to: abraxas23 (Jun 23, 2006 4:53 am)

Most dealers in general (not just LR) will give you Kelley Blue book trade in fair market value for your vehicle. From there it depends on how well you can argue with them. You're always better off with a private sale if you have the time..
 
Not sure what you mean about the trade in helping the value of the lease at the end? The vehicle's value at the end of the lease is predetermined at the time you enter into the lease. You then pay depreciation (difference between purchase price and agreed value at the end of the lease) plus rent. If you traded in your Disco and used it to pay part of the lease it will lower your payment. However, it generally best to put the minimum down.

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