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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 is this discussion about? Land Rover LR2, Car Leasing, Car Buying, SUV


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#132 of 160
Re: New LR2 lease deals [tomatosaenz] by Car_man HOST
Jan 28, 2008 (4:01 am)
Reply

Replying to: tomatosaenz (Jan 22, 2008 3:39 am)

Hey tomatosaenz. Let's work up a sample lease payment on the exact lease that you are interested in and see what we come up with. The MSRP of a 2008 Land Rover LR2 HSE with the Technology Package is $39,650. Its dealer invoice price is $36,151. subtract the $1,500 lease cash from that and add $1,000 for the dealer and we arrive at a capitalized cost of around $35,651. According to my calculations, if you were to lease a 2008 LR2 HSE that has an MSRP of $39,650 and a selling price of $35,651 through Land Rover Capital Group right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $590.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#133 of 160
Re: New LR2 lease deals [Car_man] by tomatosaenz
Jan 29, 2008 (9:15 am)
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Replying to: Car_man (Jan 28, 2008 4:01 am)

Wow, thank you for your insights to both Car_man and ajnikolai. From what I'm seeing, leasing a loaded LR2 with those terms just doesn't add up. So it's back to the drawing board for me. I really liked the vehicle, but I don't do much off-roading here in LA, so perhaps the Lexus RX350 is better suited for me, especially since they are really dealing on them at this time. Either that, or I'll keep my '99 Explorer with 140,000 miles for as long as it can run.
#134 of 160
Re: New LR2 lease deals [tomatosaenz] by ajnickolai
Jan 29, 2008 (9:29 am)
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Replying to: tomatosaenz (Jan 29, 2008 9:15 am)

I hadn't really thought about the Lexus. What kinds of deals are you seeing in LA?
#135 of 160
2008 SE by mrj0001tj
Jan 29, 2008 (10:54 am)
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Car man, I just looked at a 2008 LR2 SE, brand new with no miles. Dealer said he would only sell it to me at his invoice which he states was $34,300. Per Edmunds dealer invoice is supposed to be $33,598 AND it also says there is a $3000 manufacturer to dealer rebate which he is not even offering me. What gives???
#136 of 160
Re: LR knows their lease has to compete with BMW X3 [muddyy] by birdman17
Feb 06, 2008 (7:05 pm)
Reply

Replying to: muddyy (Apr 03, 2007 3:02 pm)

I just leased an '08 LR2 this week with the 3-pack:
1. Cold Climate
2. Lighting
3. Technology
 
MSRP 39950
Sale Price 35704
 
I put $3k down (which included titles tags taxes and first month's payment). $485/month for 24 months with 12,oo miles a year.
 
I am very pleased at the number I am paying given the fact that the first offer was for well in the mid $500/month range.
 
One caveat, I had to have the car serviced yesterday because the key pod was not recognized in the slot. they said it was an electronic malfunction but that shouldn't happen on a new car. Has anyone else had this problem? Is it common?
#137 of 160
Re: LR knows their lease has to compete with BMW X3 [birdman17] by ajnickolai
Feb 06, 2008 (9:11 pm)
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Replying to: birdman17 (Feb 06, 2008 7:05 pm)

Wow, that is a great number. What state are you in?
#138 of 160
Re: LR knows their lease has to compete with BMW X3 [ajnickolai] by birdman17
Feb 07, 2008 (6:01 am)
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Replying to: ajnickolai (Feb 06, 2008 9:11 pm)

i am in PA. I waited until the end of the month to start negotiating and then I walked away a few times...on the January 31st the dealership called me and told me "Good news, we were able to find some money for you and we can offer the car at 489/month."
 
I replied, "Oh, okay. If you can give it to me for $485 you have a deal and I will come in right now with the check and sign the papers."
 
The sales manager said come on in.
 
Looking back...I should have asked for the lower number but I feel I did a job negotiating the price to $485.
#139 of 160
Learning about leases and want an LR2 by billegoat1
Feb 12, 2008 (2:41 pm)
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Hi Everyone. I have been lurking on these boards and have picked up a lot of useful information from you guys. Thanks. I still have questions though and want some pointers to be sure I get a good deal.
 
I want an LR2 with the cold package. so one question I have is, when I do a lease, do I roll in the extra stuff I want like roof rails and racks etc and then negotiate the total price or do I negotiate the car + options and then pay extra at another time for the other stuff I want. The salesman I sat down with said that it would cost me less not to roll the rails etc into the lease, but buying it and then giving it to them at the end made no sense to me. Obviously I am a novice but want to learn. HELP.
 
I am in Southern California. Thanks
#140 of 160
Re: 2008 SE [mrj0001tj] by Car_man HOST
Mar 04, 2008 (2:22 am)
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Replying to: mrj0001tj (Jan 29, 2008 10:54 am)

Hi mrj0001tj. The dealer invoice pricing that is available at Edmunds.com is usually very accurate. The most likely explanation for the difference between the number that is listed here and what the dealer that you are working with told you is that they are adding some fees to this truck's base invoice price. The $3,000 dealer cash incentive that is currently available on the 2008 LR2 SE is not compatible with leases through Land Rover Capital Group, however Land Rover is providing a $1,500 dealer cash incentive that is. The dealer may be trying to pocket the $1,500.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#141 of 160
Re: Learning about leases and want an LR2 [billegoat1] by Car_man HOST
Mar 04, 2008 (2:33 am)
Reply

Replying to: billegoat1 (Feb 12, 2008 2:41 pm)

Hi billegoat1. It would probably be easiest to negotiate the total price of the LR2 that you are interested in, including all of the options that you want, at the same time. You can look up the dealer invoice price of the exact truck that you are interested, including any dealer installed options, in right here at Edmunds.com. When negotiating your lease, make sure to take advantage of the $1,500 dealer cash incentive that Land Rover is currently providing on the '08 LR2.
 
Dealer installed options are a different animal. Banks often do not allow them to be rolled into vehicles' capitalized costs. As a result, if you want to lease a vehicle that has a dealer installed option you would have to pay for the entire cost of it over the life of the lease either by adding it into your monthly payment or just paying for it up front. This makes them much more expensive than factory installed options are. I personally try to avoid adding options that cannot be residualized to the vehicles that I lease.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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