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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
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
| What's the lowest lease price on a loaded 08 SE with cold, lighting and NAV/tech (39,950), and where can you get it, dealer or internet? I've seen 2,900 down and 550/month, with 10,500/miles per year, 30 months. Is there any way to get a better lease price? Thanks. | |
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I drive a loaded X3 and put the minimum down and pay $539 a month including tax so I an having a hard time stomaching these lease rates on the LR2 in Seattle area. My wife really wants an LR2. She wants an HSE Silver, Cold Climate, and Lighting. No Tech because the stereo is meaningless to her so $3500 for Nav is too much. We want a lease that offers the lowest possible monthly payment with the minimum down. The best I have been quoted so far for minimum down after talking to 2 dealers is: 10,500 miles 24 month term $615.00 per month inc. tax Money Factor: .0027 Residual: .69 Down payment: Just over $1000 including first month I think. Can't remember exact figure. MSRP is 37,900 and they have not lowered that yet. They say since they don't have the car and I may have to factory order that they don't come down off the MSRP. My wife wants the Pixel interior but can accept the wood if she has to. This is a US Bank lease. I also asked what the up front money would be to make the payment $450 per month including tax because that is her current payment on her A4. They said $5600. I am going to put a deal together this weekend and would like to be armed with some advice. Can I please get some feedback on both deals above? Still seems very high to me. Thanks and Happy Thanksgiving.
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Replying to: rob34 (Nov 21, 2007 6:42 pm) I'm also coming off of an X3 lease and considering leasing an LR2. Strongly consider getting an SE instead of the HSE, because the lease programs are much better for the SE. I've been given a deal of $400/mo incl. taxes for a 24 or 30 mo. lease (only $6 difference) with $3K down for an LR2 SE with heated seats and 10.5K/yr, but no light backage. My cap cost is $500 over invoice. You'll probably pay over $100/mo more for the HSE to obtain some minor changes to the wheels, a new lower body trim, additional seat adjustments, a small cover on the console ... Other than that, there is no change to the engine and the SE and HSE are pretty much identical. Also, any options seem to require nearly full amortization over the term of your lease and jack up the monthly payment. So, you want to consider eliminating the lighting package if you don't need it - and an SE instead of the HSE. Good luck. |
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I'm coming out of a lease on an RX330 and have driven pretty much everything in market, from the pilot to the Mercedes. The LR2 seems like a nice car, though I'm a bit concerned about what the service experience might be like w/ Landrover, compared to Lexus. I drove the LR2 last night in Cary, NC. The dealer basically offered a deal at invoice within just a few minutes of talking - I assume the market must be terribly slow here... I would really like any help w/ the money factor and residuals for a LR2 SE + cold climate and lighting - no tech... - 15k miles/year - 24 & 36 months Other posts have referenced a 69% residual for 36 mo & 10.5 mi/yr, so I'm assuming a 15k residual will be somewhere around 65% - would really appreciate some confirmation of all. I'm expecting payment will fall somewhere around $450 including tax, which makes this a pretty compelling buy, compared to the RDX and X3 - agree? Thanks, Ken
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Replying to: koberry (Nov 24, 2007 8:45 am) In some areas of the country there seems to be more inventory of the LR2 SE than others. Apparently, they are no longer shipping the SE to dealers, only the HSE. So, if you want certain options and colors, it will probably be more challenging the longer you wait. The best deal I could find was $500 over invoice in LA. Even though your dealer may be able to give you a deal near invoice with what he has on his lot, be sure he may not be adding some additional fees. And, if he needs to find the options and color you want than different thnt what he has, you may need to spend a bit more - if he can get it. I believe the 12K lease was about $15/mo more than the 10.5K lease for 30 mos. I have for $410/mo incl. all taxes & fees with a total of $3k down. Obviously, the amount you put down will vary your monthly payment. I believe the heated seats added about $20/mo and the lighting would add over $30/mo. So, when you add your options and additional miles, it would probably be about $100/mo more than for a base unit with no options. If you can get your deal for under $475/mo it would seem to be a pretty good deal. If you exclude the lighting option, you could probably get a deal around $450. With regards to the lease term, the monthly is only a few dollars more for a 30/mo than a 24/mo, but the 36/mo lease jumps up quite a bit for the special SE financing. So, you may want to do 30/mo instead of 36/mo to get the best deal. In LA, there are very few 2008 X3's available, and as a result, the lease deals are not very attractive. A similar deal with my preferred customer status was over $500/mo. for the X3. The only good thing, is that adding Nav is only about $25/mo more and the luxury package includes blue tooth and Sirus for 3mos. free. So, the X3 with tech is actually about the same as the LR2. The RDX may have a better deal than the X3, but it's the worst of the three to go off road and it's interior is inferior, in my view. The tech stuff in the RDX is the most advanced in just about any vehicle I've seen, but they made it more complicated to use than it should be. Good Luck. |
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Replying to: koberry (Nov 24, 2007 8:45 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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| Heard from Land Rover direct today that the SE is a phase out, not to return. HSE's only from now on. Get a deal on the lot with an SE now or it's back to super high lease prices on the HSE. | |
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Hey everyone, new to the forums but have found them to be of immense value. I test drove an LR2 HSE last weekend with the wife and we both really liked it. I've heard the best time to buy a car is at the end of the month, so I plan to lease this one Friday if I can get a good deal. My questions are: -What would be a good lease deal in Los Angeles? I’d like an HSE in Stornoway Grey with all the options, but would consider an SE if the deal makes sense. Ideally I’d like 12K miles (10.5K would work if the rates are better) and a 30 month lease (24 would also work). - What are the current money factors and residuals for an HSE and SE with all of the options? I’d really like to have navi and cold weather packages, but should I exclude the lighting package to get a better deal? -And lastly, should I wait until next month, or is now the right time to buy? Thanks for the feedback, Ryan
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Replying to: bmwryan (Nov 28, 2007 12:09 pm) Price: 3 packages 35,000 Term: 30 months Milage: 12,000 Down: 2,600 (which was minimum) Monthly: 550 If we took off tech/nav it was 450/month I didn't ask about the lease on HSE, though they did say there was no incentive and no discount on HSE. I have heard the lease for HSE is over 800/month, though I find that hard to believe. |
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2008 LR2 HSE, Rimini Red / Alpaca Tan leather: $38,700. 12,000 miles per year; 24-month lease; $1300 down / due at signing. Residual value: 68% ($26,316.); money factor rate .00320 Monthly payment: $798.64 What do you think? 
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