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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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#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
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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
#73 of 160
I just leased one on 8/3/2007... by stonefoxx
Aug 07, 2007 (9:58 am)
Reply
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
#74 of 160
X-Plan by mcarl
Aug 07, 2007 (11:11 am)
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Does anyone have an idea how X-Plan pricing works. Are there set lease packages for each eligable vehicle (which is what GM's is). Can you negotiate on top of X-plan. In theory I should get the same deal from all Rover dealers in my area. Thanks
#75 of 160
Re: I just leased one on 8/3/2007... [stonefoxx] by bmw325xi1
Aug 19, 2007 (5:28 am)
Reply

Replying to: stonefoxx (Aug 07, 2007 9:58 am)

That sounds like a good deal. For the exact same package, I was quoted yesterday: $3605 down and $635.53 a month for 24 months at 15k miles. This includes all taxes (CT) and fees. Even with the extra monthly mileage, this seems much higher than your deal. The purchase price was $37,950 (includes fees but not tax). Which dealers did you use?
#76 of 160
Where to find LR2 detailed lease info? by u2fan1967
Aug 20, 2007 (9:54 am)
Reply
Hi All,
My wife and I are considering leasing or buying an LR2 (Cold Pack only, we live in Mass) but I am having trouble finding lease info even on the Land Rover website, but no real details so I can't estimate lease payments.
 
Does anyone know where I can find the residuals and money factors for an LR2? Maybe buried on some Ford website? I want to be sure I have a true Land Rover source before I go into the dealership.
 
I've seen postings here for $469/month but that was with $4800 down which we are uncomfortable with. Then others have posted $600 range lease payments which to me defeats the point of a lease. I can buy it over 72 months for $500/month so why bother with the lease. To me, $3000 down plus tax and title for ~$400/month is fine. For example, the BMW X3 is offering $409 for $3300 down, 10k yr. Thats a reasonable lease program.
 
thoughts?
thanks so much.
#77 of 160
Re: Where to find LR2 detailed lease info? [u2fan1967] by british_rover
Aug 20, 2007 (10:02 am)
Reply

Replying to: u2fan1967 (Aug 20, 2007 9:54 am)

The LR2 does not lease well. There is ZERO lease support behind the car and yes a 5,000 dollar more expensive X3 leases for less then a LR2. I have complained about it to Land Rover plenty but they do not have the ability and/or interest in offering a competitive Leasing Program on the LR2 at this time. It costs BMW 9,000 dollars or so to buy the lease down on the X3 to that level and Land Rover doesn't have the volume to support that.
 
You are better off taking the 4.9 for 60 months that Land Rover is offering on the LR2 and put down 4,000-5,000 dollars.
#78 of 160
Re: Where to find LR2 detailed lease info? [u2fan1967] by u2fan1967
Aug 22, 2007 (5:50 am)
Reply

Replying to: u2fan1967 (Aug 20, 2007 9:54 am)

Thanks British Rover. We decided to just buy it outright. They have located our color choice. Here is our deal.
 
LR2 Stornoway Grey, Ebony Interior
 
$33,400 (cold pack only)
$2000 cash down
$1500 equity left from trade-in (a fair price)
$295 doc fee
$130 registration
$720 mass tax
---------
approx: 7% over 72 months = approx: $520/month
 
I think its good deal. Thoughts?
 
BTW, were working with Metro West Land Rover in Sudbury Massachusetts. They have been great!
 
K.

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