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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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#63 of 160
LR2 lease deal? by stonefoxx
Jul 27, 2007 (9:06 pm)
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I just came from the dealer in manhattan, I test drove the lr2 and it was great- Hands down the best car in the class even rivals my X5-
 
For a 24mo lease, They had blue and black, white ect. 10.5k miles-nav,tech pkg,cc pkg,lighting pkg, most of which is standard I believe except nav. I was quoted invoice price 37,200 - 4839 due on delivery( taxes inculded) 468.00 per month, Can I get better?
#64 of 160
Re: LR2 lease deal? [stonefoxx] by star8
Jul 28, 2007 (7:06 am)
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Replying to: stonefoxx (Jul 27, 2007 9:06 pm)

The packages you are stating are not standard.
You have the option of:
Lighting Package
Technology Package
Cold Climate Package
 
The more packages you add the more expensive you lease will be.
 
I just took the Cold Climate Package because its cold here. I don't need navigation because its pretty pointless for me, and the lighting package isn't a big deal either. I want the lr2 so I'm trying to keep the price low.
 
I got quoted 451 with 1100 due at signing for just the cold climate package. So I dunno. You have to figure in your down payment with the overall. That's an extra $200 per month. You're look at $668. PLus taxes if they aren't already included in the 468 price. Does the 4839 include your first month?
#65 of 160
Re: LR2 lease deal? [stonefoxx] by british_rover
Jul 28, 2007 (7:09 am)
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Replying to: stonefoxx (Jul 27, 2007 9:06 pm)

You are at invoice what do you expect Manhattan to lose money selling you the car?
 
There are no incentives on the LR2 any price below invoice is a true loser.
#66 of 160
Re: LR2 lease deal? [british_rover] by stonefoxx
Jul 28, 2007 (8:07 am)
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Replying to: british_rover (Jul 28, 2007 7:09 am)

yes it includes the 1st month. can some one explain this: Money factor is .00193 I am not sure what that is or means is that a good money factor?
Residual % is .67 res amount is 27.034.50 I assume that's what I can buy the car for at lease end?
  
Any help would be greatly appreciated.
  
Thank you
#67 of 160
Re: LR2 lease deal? [stonefoxx] by star8
Jul 29, 2007 (8:24 am)
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Replying to: stonefoxx (Jul 28, 2007 8:07 am)

I'm not sure what money factor is either.. But yes, residual is how much the car is worth at the end of the lease.
#68 of 160
The real cost on leasing the LR2 in Manhattan... by stonefoxx
Jul 29, 2007 (9:08 am)
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Replying to: star8 (Jul 29, 2007 8:24 am)

Down Payment 4839.00 + 486.00 per month x 24 = 16503.00
Insurence est. 2200 per year x 2 = 4400.00
GAS est if it stay in this range 2k per year 4000.00
 
Parking 350 per month 8400.00
                               GRAND TOTAL: 33,303.00
wow- taxi!
#69 of 160
Re: My LR2 lease shopping experience [k8y] by Car_man HOST
Jul 30, 2007 (1:32 am)
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Replying to: k8y (Jul 01, 2007 7:39 am)

congratulations on getting your new LR2, k8y. I'm glad to hear that you had such a good sales experience. You definitely should stop by the new Edmunds.com Dealer Ratings & Reviews section to share your thoughts on the dealer that you worked with with an even wider audience.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#70 of 160
Re: LR2 lease deal? [stonefoxx] by Car_man HOST
Jul 30, 2007 (1:42 am)
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Replying to: stonefoxx (Jul 28, 2007 8:07 am)

Hi stonefoxx. Money factors are used to calculate the interest portion of lease payments. You can convert a vehicle's money factor into an approximate interest rate equivalent by multiplying it by 2400. So a money factor of .00193 is equivalent to an interest rate of around 4.63%, which is pretty good.
 
The .00193 money factor that you were quoted is right in line with Land Rover Capital's buy rate for a 24 month lease of an '08 LR3 without the Tech package. This is a good thing because it means that the dealer you are working with is not trying to mark your truck's factor up to add additional hidden profit to your deal.
 
If you end up going with this deal, make sure to stop by the new Edmunds.com Dealer Ratings & Reviews section of this site to share your thoughts on the dealer with other consumers.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#71 of 160
Done Deal... by stonefoxx
Aug 02, 2007 (10:43 am)
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First off I would like to thank everyone on this board for all your help and guidence it was a great help to me and my family in the decision making process of leasing a new car. so for that I am grateful to you all, Thank you.
 
I went with the BLK on BLK , NAV pkg, Lighting pkg, Cold Climate pkg.
 
4800.00 down includes, tax,title licence, registration, 1st month payment ect...
469.00 a month for 24 months 12k miles per year. .15 over that. This was the best deal I could get for talking to 4 dealers in the tristate area. So I am comfortable with it.
 
I will post another review once I put some miles on it.
 
Thanks again-
 
Mr. Foxx
#72 of 160
LR 2 Deals by mcarl
Aug 06, 2007 (12:14 pm)
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I was at the local Rover dealership this past weekend ready to lease a LR2. I ended up walking away from the deal b/c i felt like I was getting hosed. I was looking at a LR2 with a MSRP of $35,400. Lease terms as follows: Did anyone else lease one and if so what are your terms. The car was great and I want to counter but would like to know the limits. The payment doen't bother me, I don't want to come to the table with $4 grand after fees, registration and down payment.
 
$420 per month incl. Taxes
24 or 30 months
$3,000 down payment (plus and additional $1,000 for regisatration, 1st month & fees)
 
Thanks for your help

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