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Prices Paid: Buying & Leasing Experiences 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
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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
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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
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Replying to: stonefoxx (Aug 07, 2007 9:58 am) |
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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. |
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Replying to: u2fan1967 (Aug 20, 2007 9:54 am) 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.
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Replying to: u2fan1967 (Aug 20, 2007 9:54 am) 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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Replying to: u2fan1967 (Aug 22, 2007 5:50 am) Good price for the car and the 7 percent for 72 months is a fair finance deal too. |
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So I am looking to lease the LR2. The best lease deal I've been offered is detailed below - it's the fees that are out of hand. LR2 - Blue on Tan - Cold Climate. MSRP = base 33,985 +700 cold climate +715 destination = $35,400 Selling price (gross cap cost) = $32,500 Cap Cost Redeuction = $2,500 Net Cap Cost = $30,000 24 months RV = .71 MF = .00193 (very good) Pretax = $309.16 per month Excise tax = $40.71 Sales Tax = $17.49 Month Pay = $367.36 For the most part, that is all well and fine, although it bugs me that Land Rover wants to roll the Excise Tax into my monthly payments AND TAX ME ON THE EXCISE TAX! Sounds like pure dealer/finance arm profit crap. The real problem is that because the dealer/sales drone knows I know all the ins and outs of leasing - plus all the numbers - I feel that they are just layering on BULLS*&* fees in order to make some money. To wit: Bank Fee of $595.00 So LR Finance can punch a few numbers into a computer? Doc Fee of $249.00 Sure, go photocopy the title flunky. And most ergregiosulsy, taxing, at 5% Massachusetts tax, not only the cap cost reduction of $2,500 which is fine, BUT THE BANK FEE OF $595???? They are trying to charge me tax on the excise tax PLUS tax on a fee to the finance company??? I've already got them to get rid of the $300 advertising fee crap (sure let me pay you to sell me a car). And the dealer/sales drone have the gaul to tell me that they are losing money on the deal. HAHAHAHAHAHAHA! I know I should tell them to shove it but I kinda like the game. Any thoughts regarding the fees/extortions, please pipe in. Bateman
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Replying to: bateman1 (Aug 26, 2007 8:52 am) Dealers don't make any money on Tax that money is the states money. I have only had one person blow their top about the tax on ESCROWING excise/property tax. If you don't believe that the state requires that to be taxed then please call someone in your state treasurer's office and they will tell you that it MUST be. Somewhere I have a letter from the CT government confirming this I will see if I can find it. The bank fee is part of the cap cost so it must be taxed just like the doc fee. The majority of your complaints are just stupid TAXES go to the state. Neither Land Rover nor the dealer gets any profit from collecting taxes. If they do over collect for some reason then when the paperwork is submitted to the RMV a refund check will be cut back to you. All leases have acquisition fees attached to them. Sometimes they are called bank fees. In fact $595 is fairly reasonable for a bank fee. Last time I did a Chase lease the bank fee was $995. A 249 doc fee is very reasonable. Some of the dealers in my area charge 349 or more. As to your complaint that they are not losing money well they are at least as far as the sales department is concerned. The invoice price of your car is $32,578. That 300 dollar advertising fee is a legitimate fee that Land Rover charges all the dealerships in that market. You have a Cap cost of 32,500 listed so they are losing 78 dollars on the front end to make the sale. If that 32,500 cap cost includes the 595 acquisition fee then they are losing 673 dollars. So to sum up the 595 fee goes to Land Rover directly and is not being marked up a penny by the dealer. You can debate wither the doc fee is pure profit or not but even if it is it doesn't cover the 673 dollar loss on the car. And finally ALL TAXES GO TO THE STATE AND NOT DO THE DEALER OR LAND ROVER Why is that so hard for so called "leasing experts" to understand. Since you are such an expert why don't you calculate out what you would pay in excise tax on the LR2 if it was not escrowed into the lease. I guarantee that it is cheaper to have the excise tax escrowed into the lease. I have done the math for several different people and every time you come out ahead by including it in the lease. Over a two year lease you are only paying $977.04 in excise tax. If you paid it directly on a nearly 35,000 dollar vehicle I know Mass would charge you more. Plus this is more convenient since you never get a tax bill from the state. Also having the tax built into the lease saves you from getting a tax bill months and months after your lease ends. People hate when they have to pay tax on a car that they no longer have. You are complaining about a 5 percent tax on 40 bucks. That is only 2 bucks a month.  That is only half a percent of your total lease payment.
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Replying to: stonefoxx (Aug 02, 2007 10:43 am)  . Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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