Last post on Jun 11, 2013 at 3:41 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Land Rover LR2, Car Leasing, Car Buying, SUV
#18 of 181 Re: Land Rover better get with it.....FAST!! [britman4]
May 01, 2007 (5:45 pm)
Sorry to have come off "bitter and twisted", but my wife and I really did try to work with Land Rover (several dealers) and to no avail. Basically, I was told over and over that Land Rover builds the BEST SUVs and I should be greatful to pay the outrageous lease price to drive one. No thanks, when in comes in 8th place of 8 SUVs.....it was a blessing that we turned away from the LR3 V8 SE. Now, it doesn't snow or rain much here in Las Vegas, so we didn't need a 4 wheel drive with Terrain Response (who does??) and the Infiniti FX35 is more G35/350Z than SUV. It flies and handles very well.....we love it. The LR2 looks like it has what it takes to match BMW/Acura/MB.....except on price for a lease......way too high. Oh, by the way have you seen the 2008 Ford Escape?
#19 of 181 Re: Land Rover better get with it.....FAST!! [vegasrph]
May 02, 2007 (10:10 am)
Las Vegas....yup nice car and good place to have it. Up in Boston in the Winter you need a bit more traction. And terrain response is very useful.
As I Said before. People are missing the point of the LR2 lease price. They do NOT want to lease you an LR2. At this stage they want you to BUY an LR2 and they are selling well. Same with the new X5.
Sure it's way over priced.....its a brand new shape AND maybe it is a poor mans RR Sport but hey if that sells it then who are people to complain.
This is all simple economics. For those who feel very pleased with themselves saying how LR have "messed up". They I am sure don't think so because they are forcing people into buying.
#20 of 181 Re: Land Rover better get with it.....FAST!! [britman4]
May 02, 2007 (5:31 pm)
I disagree, I think it's opportunism as opposed to profit motive; both being an aggressive, natural force of the free market; but one being slightly more negative and cynical. Here's why: LR positioned this car as 1. small 2. economical 3. (sort of) a replacement for the Freelander and they hit every note perfectly except the price. Opportunism or greed? I think it's a fine line. Do people with money to spare care? Of course not. Do people who thought LR was making an economical entry car for their brand, feel... manipulated, well, yeah, of course.
Cars like this, and the car market in general have a lot in common with the housing market. Everybody who could raise the price through the roof and not suffer for it, did. Now even the lowliest of the low is shockingly high. Cheap, basic houses are now sky high and somehow everybody is okay with that, or at the very least, secretly shocked and complacent (it was commonly referred to as "sticker shock" once but now it's all so over priced that no one uses that term anymore).
It ends up being such a subjective notion after all about whether you consider LR is overcharging for a basic SUV; most people who want it and can pay would probably pay $10,000 more if LR asked for it (ironically, with some of the loan and lease deals you actually are paying $10,000 more for it after all the interest payments); and people who can't afford it are so turned off they don't care anyway. It's a super luxury car to many with a super high price tag; only the people on the fence who would have to stretch to afford it really care, and obviously, I'm one of them. Not angry, just disappointed.
#21 of 181 Land Rover lays the big egg with LR2 leases
May 06, 2007 (10:35 am)
Hello everyone! I am it sure how I got here, but when I read the discussion, I fell in line with all of the other disappointed LR2 customers and felt compelled to respond.
In December 2006, I put money down on a loaded LR2. It was to be our 3rd LR product. I anxiously awaited the arrival of the vehicle and checked the website daily for updates. I kept all of my LR teasers that had been mailed and talked to my LR sales guide weekly as we tracked the status of the vehicle I had ordered.
Low and behold, it finally arrives!! I spent a couple hours at LR checking it out put the sold sign on it for them.
So now you must be wondering........The day of the lease package announcement, the day of my dealerships launch party, and the day my LR2 was to be delivered to me.......disappointment hits!!
I could not believe they did not do something 1/2 way aggressive with the leases. I would have been perfectly satisfied putting minimal down and driving out of their with a $650 lease payment.
Well, as we all know that didn't happen. The night of the launch I asked for my deposit back and wished them luck as they had just had 20 LR2's delivered to them the day before.
A few days later, I found that all but 1 person (23 total) had asked for their money back from the 2 local LR dealerships. Since then, btween the 2 of them they have moved about 6 trucks. The truck I ordered is still sitting at the dealership.
I hope this is the success LR had hoped for. I am truly a disappointed customer and am considering getting something else and not waiting for them to have to move this stagnent inventory.
#22 of 181 Re: Land Rover lays the big egg with LR2 leases [lizardking1972]
May 13, 2007 (3:16 pm)
You're truely disappointed because you could not afford it. If the lease is so expensive in your eyes, why not buy the car?
You put a deposit down assuming a lease price that they do not need to deliver yet. It's a new shape.
More sour grapes
#23 of 181 Re: Land Rover lays the big egg with LR2 leases [britman4]
May 19, 2007 (2:19 pm)
It's funny how many people reading this lease thread suggest that you buy the LR2 if you think the lease price is too high. Funny 1st because this is a lease forum so advice would pertain to leases, that's why it's a lease forum, so people can learn how to get a good lease deal. People who lease usually have a good reason to lease and a good reason not to buy. Funny 2nd, because buying an LR2 results in a far higher monthly payment even if stretched over 5 years. People who lease are willing to not own the car at the end of term in exchange for having a low (compared to buying) monthly payment; that's the attraction of a lease (buying is never an option for a lease person).
Suggesting people buy the car is not a solution to a super high lease price. Telling Land Rover "I'm cancelling the deal because your lease is too high" is the smartest thing you can do. If enough people walk away from the car Land Rover may lower the lease price dramatically (doubtful).
They have always been the kind of dealer that tests the market by starting pricing as high as they can; it's one of the tactics of exclusivity. Unfortunately, LR has also shown themselves to be the kind of company that never lowers the price no matter how bad sales are in the US; they always have the UK and Europe to fall back on. Too bad for the people here who like the brand but also respect and appreciate a good deal when they see one.
It also surprises me that any consumer would defend an overpriced car for the dealer; of course dealers may post here also, who knows. The only reason I can think of for defending a high price is when you think the car is worth it and you are proud of being able to afford it when others can not. That's a fine and expected attitude if you own a Ferrari; but not if you own an LR2, it's a mid sized average SUV that's clearly overpriced. That's nothing to be proud of owning just because you can afford to pay the price.
#24 of 181 Re: Land Rover lays the big egg with LR2 leases [muddyy]
May 20, 2007 (4:27 am)
There again, it could be that given the discussion is about leases, that one gets fed up of the "I want something for nothing Brigade".
It's nothing to do with being proud. Its being fed up of people climbing on their soapbox having a go at a company when effectively the reasoning they are basing their complaint on is not the actual reason for the complaint.
In this day and age of lookalike SUV's from Asia, it is very wise marketing to make the cars "goods of Ostentation" and not decend into the averge auto mass sale.
Chances are at a lower price they would sell no more.
It's also interesting that people think LR have done no analysis into their market and have dreamed up their sales strategies on the back of a drinks mat in a bar and that they know better
#25 of 181 Re: Land Rover lays the big egg with LR2 leases [britman4]
May 20, 2007 (4:46 pm)
Then how do you explain the fact that my LR dealer, who I had bought a Land Rover from before, was hopeful that the lease price of the LR2 would be "around $450/month", a quote he gave me about 2 months before Land Rover announced the real lease prices? I suspect a lot of dealers are shocked and disappointed though they would be the last to tell you.
Who said "never underestimate the intelligence of your audience"; something Land Rover dealers should think about. There was a time car dealers had the reputation of being smarter (slicker) than their potential customers; I think those days are over, though apparently, not for you.
#26 of 181 Re: Land Rover lays the big egg with LR2 leases [muddyy]
May 22, 2007 (11:46 am)
How do I explain it? They are sales people. They knew you were interested and did not want you to buy anything else....
Dealers I know are not disappointed because they are selling repeat, selling, pretty well.
As regards your last comment. I think you are still a little bitter and twisted about it all.
#27 of 181 X-Plan Leasing
May 23, 2007 (6:43 pm)
Just picked out the LR2 I want. Thankfully, I know someone at Ford and got an X-Plan PIN. Couple of things make me wonder if the dealer is still trying to screw with me. First, he never asked for the PIN. Second, he wants to charge a doc. prep fee of 379, destination of 715, acquisition fee of 595 and a RAG fee of 300. Does anyone know which of these is legitimate for X-plan pricing?