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Prices Paid: Buying & Leasing Experiences Land Rover LR2 Lease Questions
161 messages, Last post on Dec 04, 2009 at 3:20 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: muddyy (Apr 05, 2007 5:47 pm) First numbers were insulting! $693/month $3624 due at signing 36 months/15k miles He assured me that Land Rover Capital would come back with a better program because they were determined to compete with the X3. Just heard back - a whopping $15/month less! Unbelievable that they are offering LR3s for $400/month but LR2s for $700 (and this was with X-Plan pricing, FYI!) I don't know how they will ever compete with BMW on this at these numbers. Too bad though - the truck seems great. I would be inclined to buy it but very unsure of the maintenance record (especially the first few vehicles off the line). Does anyone know a human being that's actually leased one of these??? |
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Has anyone leased an LR2? Can you tell us your deal? Hard to believe LR would charge that much more for a car that is less expensive than the LR3. Can you actually get a 43K plus LR3 for $400/month? Then the LR2 is $700/month? Not believable.
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Replying to: muddyy (Apr 16, 2007 8:16 am) LR II Basic, No Options Just plain Color Flame MSRP $34195 Lease 2 years 15000 Mile $785.00 I can drive a brand new Mercedes E350 Convertible with this price. What are these people thinking. Is there any lease reduce coming out on LR 2, please confirm |
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Hello everyone! Just wanted to put my 2 cents in here. First, my wife and I tried to lease a 2006 Land Rover LR3 SE V8 a few months ago. Basically, we went round and round with several dealers and got nowhere. Thankfully, I subscribe to several car magazines and a test (shootout) involving 8 (eight) SUVs was in the recent issue. The LR3 came in DEAD LAST (8th place) and the LR3 showed 12 MPG during the test and was called "junk" basically. As far as this new Land Rover LR2 is concerned, I would wait a few months and let some road tests be conducted by the popular magazines......to be sure it doesn't follow the LR3. I admit, it looks good inside/out, but $40,000 for a dressed up Ford Escape?? Land Rover is still selling some vehicles to people because of a certain cachet the brand still holds......but Land Rover is in financial trouble. $600+ a month for this thing?? Come on people....seriously. My wife and I leased a BRAND NEW 2007 Infiniti FX35 with ALL the goodies (MSRP $45,000) for $483/mo + tax with only $1400 due at signing last month. You can lease a BRAND NEW Cadillac Escalade for $700/month!!!! A Mercedes GL450 is around $650-$700/month!!!! Both these SUVs go for $60k!!!! |
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Replying to: vegasrph (Apr 30, 2007 9:13 pm) Agree on the high leases though. |
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