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Land Rover LR2 Lease Questions

160 messages,  Last post on Oct 17, 2009 at 11:34 AM

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What is this discussion about? Land Rover LR2, Car Leasing, Car Buying, SUV


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#10 of 160
Re: LR2 lease and money factor [txlablover] by muddyy
Apr 05, 2007 (5:47 pm)
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Replying to: txlablover (Apr 05, 2007 6:11 am)

Thanks; if this is actually what a 24 month, 12,000 miles/year and mimimum down lease will be ($910/month) then they will sell very poorly. When you say 24 month, 0 down what is actually due at signing? In other words, there is always a minimum due, aquistion, taxes and other charges. Usually zero down means you don't pay anything you don't have to pay and fold everything you can into the lease. Paying anything over the minimum is foolish because you are just basically paying them your lease in advance if you do that and artifically lowering your monthly payment.
 
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.
#11 of 160
Worse than Expected Leases!! by crazyyakoo
Apr 09, 2007 (7:38 am)
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Replying to: muddyy (Apr 05, 2007 5:47 pm)

Just got the word back from my dealer. Looking at the fully loaded LR2 - originally talked to them and they thought that we'd be expecting around $450/mo with nothing down. Fair for the truck...
 
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???
#12 of 160
Has anyone actually made a lease deal? by muddyy
Apr 16, 2007 (8:16 am)
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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.
#13 of 160
Re: Has anyone actually made a lease deal? [muddyy] by tawanghar
Apr 30, 2007 (1:38 pm)
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Replying to: muddyy (Apr 16, 2007 8:16 am)

You guys should be very happy with the lease prices you have recieved, I actually contacted my LR dealer, and this is what he gave me:
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
#14 of 160
Land Rover better get with it.....FAST!! by vegasrph
Apr 30, 2007 (9:13 pm)
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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!!!!
#15 of 160
Re: Land Rover better get with it.....FAST!! [vegasrph] by verdugo
May 01, 2007 (6:24 am)
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Replying to: vegasrph (Apr 30, 2007 9:13 pm)

Here we go again. The LR2 is *NOT* a dressed up Escape.
 
Agree on the high leases though.
#16 of 160
Re: Land Rover better get with it.....FAST!! [vegasrph] by britman4
May 01, 2007 (6:41 am)
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Replying to: vegasrph (Apr 30, 2007 9:13 pm)

Gosh we are bitter and twisted. Really if you were in the market for an Infinity, why did you even look at an LR3. Come the Sun you can cruise the highstreet and look cool, come the snow we will see you in the ditch. Horses for courses. One thing people seem to miss on here is that Land Rover leases INCLUDE ALL TAX, sales and excise. So stop dropping lease number everywhereHaving just spent a while assessing all sorts of cars and lease plans I found Land Rowver to be the most honest and transparent if nothing else. As regards the LR2 they are selling a bundle of them, certainly up with expectations. So they don't NEED to lease. It's a fabulous car inside and a proper 4 wheel all terrain vehical. Up in the NE I regularly see supposed 4WD cars in ditches. Not LR's or RR's though.
 
I ended up with the LR3. But for those who want to know here was my LR2 quote..ALL TAXES INCLUDED.
 
$626 10.5K 24 months 4k drive away.
 
I went for a bigger vehical.
 
But look, until they NEED to drop the lease price, they won't. It's simple economics. If you want one but can't afford it.....tough..it's a classy vehical and selling well.
#17 of 160
Re: Land Rover better get with it.....FAST!! [britman4] by muddyy
May 01, 2007 (4:02 pm)
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Replying to: britman4 (May 01, 2007 6:41 am)

If you pay over $600/month, much less $650/ month for a $39,950 SUV, you are getting ripped off, period. If you say that's okay because of the Land Rover cache, you are deluding yourself because the LR2 is not the RR Sport or the Range Rover and doesn't carry that level of cache. Is this not obvious?
 
The old Freelander: an okay ride, relatively inexpensive, lots of problems with reliability. No true or lasting "Land Rover" cache.
The LR2: a nice small/mid size SUV, very expensive lease. RR Sport wanna be; cache imagined, sorry.
#18 of 160
Re: Land Rover better get with it.....FAST!! [britman4] by vegasrph
May 01, 2007 (5:45 pm)
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Replying to: britman4 (May 01, 2007 6:41 am)

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 160
Re: Land Rover better get with it.....FAST!! [vegasrph] by britman4
May 02, 2007 (10:10 am)
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Replying to: vegasrph (May 01, 2007 5:45 pm)

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.

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