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Land Rover LR2 Lease Questions

152 messages,  Last post on Sep 09, 2008 at 3:25 AM

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

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#149 of 152 Money factor on LR2 by wakeforest Aug 21, 2008 (7:40 pm)
Hello Car_Man   Would you have the current money factor and residual on an LR2 SE for a 24 month lease   Local dealer is quoting 0.0039 and 58% for Land Rover Capital. This money factor seems to be very high since it equivalent to a 9.2% interest rate I believe !   Also do you have any info on the lease acquisition cost from LR Capital . Quoted fees are 795....   Thank you for your help !   Wake Forest Replies to this message: Car_man (Sep 02, 2008 3:26 am) luvcarz (Sep 07, 2008 7:13 pm) Car_man (Sep 09, 2008 3:25 am)
#150 of 152 Re: Money factor on LR2 [wakeforest] by Car_man HOST Sep 02, 2008 (3:26 am)
Replying to: wakeforest (Aug 21, 2008 7:40 pm) Hi wakeforest. Land Rover's third quarter lease program is only scheduled to run through September 2nd. Through then, its buy rate lease money factor and residual value for a 24 month lease of a 2008 LR2 SE with 15,000 miles per year are an unbelievably bad .00390 and 59%, respectively. Land Rover obviously doesn't want anyone to lease this truck through its captive finance company right now. Its base acquisition fee is $595, so the dealer is marking it up $200...but it doesn't matter anyhow because you can't lease this truck using such a terrible program.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: luvcarz (Sep 07, 2008 7:13 pm) Car_man (Sep 09, 2008 3:25 am)
#151 of 152 Handling and acquisition fees by luvcarz Sep 07, 2008 (7:13 pm)
Replying to: Car_man (Sep 02, 2008 3:26 am) I was ready to lease a 2008 LR2 HSE and I certainly expected to pay for taxes and title and maybe even the first or last month's payment, but then the dealer said I'd have to pay almost $1000 for an acquisition fee and a handling fee. Isn't that just another way of saying "dealer profit?"   Can you negotiate out of either of these, or is everyone paying them? Replies to this message: Car_man (Sep 09, 2008 3:25 am)
#152 of 152 Re: Handling and acquisition fees [luvcarz] by Car_man HOST Sep 09, 2008 (3:25 am)
Replying to: luvcarz (Sep 07, 2008 7:13 pm) Hi luvcarz. The last time that I checked, Land Rover Capital Group charged a $595 acquisition fee on every vehicle that it leased. Anything above that (other than the destination charge, which is part of vehicles' prices) is basically nothing more than a way for the dealer that you are working with to add more profit to your deal. I suggest that you look at the total selling price that you were quoted for the LR2 that you want, including all fees. If you believe that this truck's total price is too high, you should either try to negotiate a lower price with this dealer or shop around with a few other dealers.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum

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