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Prices Paid: Buying & Leasing Experiences Land Rover LR2 Lease Questions
160 messages, Last post on Oct 17, 2009 at 11:34 AM
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Kyfdx or anybody else, I am looking to lease LR2 - 24 mon/15K per year. Do you know what is the Residual and money factor for that?
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| It appears LR is selling LR2s but there is nothing on their website about lease prices and the dealer I talked with doesn't know. Does anyone have any information at all? Thanks. | |
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| I am looking to lease a LR2 for either 24 or 36 months with 12K miles per year. Do you know the residual and money factor in Texas? | |
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Replying to: ajoag (Mar 30, 2007 12:47 pm) I went and got a LR2 test drive. I loved it. Here is what dealer offered for 24 months/ 15K miles per year lease. MSRP: 36400 (Cold Weather & Lighting package) Selling: 34900 (Discount of 1500) MF: 0.00216 (5.18%) Residual: 68% (64% with tech. package) Acquisition: $610 Can I do better?
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Replying to: ajoag (Apr 02, 2007 5:49 pm) You were quoted the exact right residual and money factors but that program equals out to a stupid high lease payment. I was playing with the leasing programs yesterday and depending on the car and leasing term I got payments between $775 and $575 a month. Someone screwed up because that is much to high for a sub 40,000 dollar car. |
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| My dealer and I had a brief discussion about lease price, which LR has not released yet. He said he expected it to be about $450/month with 12,000 miles a year, minimum down, 24 months. That's just about where a loaded BMW X3 is, a car that is $43,000; it leases for $490/month for specs above. Has anyone actually gotten a lease price in writing from Land Rover that is firm; if so, how much per month for specs quoted above? Thanks. | |
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Replying to: muddyy (Apr 03, 2007 3:02 pm) 71% residual .00268 1500 down only cold package, no lighting or tech 24mnth lease 10.5k per year. Thoughts? its an LR2 or an X3 for me..on the fence |
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I agree someone really did screw up with the leasing packages. They are absolutely awful!!! Here are the quotes I received based on MSRP (dealer in Frisco, TX will not negotiate a dime off the MSRP). LR2 fully loaded (cold, lighting & tech pkg) $39950 MSRP Residual 66% (2yrs - I didn't receive the one for 3yrs) Money factor .00297 (24mo) and .00313 (36 mo) 2yrs/24K miles with $0 down = $910/mo 2yrs/24K miles with $1000 down = $866/mo 3yrs/36K miles with $0 down = $813/mo 3yrs/36K miles with $1000 down = $783/mo LR2 (cold & lighting pkg only) $36450 MSRP Residual 70% (2yrs - I didn't receive the one for 3yrs) Money factor .00297 (24mo) and .00313 (36 mo) 2yrs/24K miles with $0 down = $782/mo 2yrs/24K miles with $1000 down = $738/mo 3yrs/36K miles with $0 down = $721/mo 3yrs/36K miles with $1000 down = $690/mo
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Replying to: txlablover (Apr 05, 2007 6:11 am) The BMW X3 lease on a loaded $43,000 car is $490/month, that's with 24 month 12,000 miles/year and minimum due at signing (BMW's minimum is $2,800 and that's all "charges" that can't be folded into the lease.) That's a great lease price and that's why they sell tons of them. You know, when the RR Sport came out the lease price was $1,000/month for a similar spec. I though that was a terrible deal for a $58,000 car; if you are right about your numbers and LR doesn't offer a lease incentive by summer, they are going to sell very few LR2's. But it wouldn't surprise me, because they didn't sell a lot of RR Sports because of the high price and unattractive lease, and still after almost 2 years have not lowered the price or the lease, and they seem to be okay with that.
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