Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
Leased the LR2 yesterday - details below. LR2, Baltic Blue over Tan With Cold Climate MSRP of $35,400 (33,985+700+715 destination) Net Cap Cost $32,500 (or $222 over invoice) 24 months .71 residual (allows for 10,500 miles per year which is not problem living in the city) Money Factor of .00193, or 4.632% (.00193x2400) Zero cap cost reduction Monthly pretax (sales and excise) $418.15 $ due at signing $1,485.55 (first, bank fee, license, doc, plate and tax on bank fee) Monthly after tax $481.80 True monthly cost (after amortizing fees, etc. over life of lease) $523.63 Like the dealer very much (outside of Boston). The mysterious Ad Fee is not included in Invoice price. So if the dealer paid that on this one, net cap was actually $78 UNDER invoice. And if anyone is curious, I know what the dealer is paying for the $. It is a lot less then the 4.632%. That is where they will make their money. But I am very happy with the deal overall. And British Rover, no insult taken. Just playing hardball. And it paid off.
|
|
|
|
|
Replying to: bateman1 (Sep 23, 2007 10:55 am) The Boston dealers are literally killing themselves with competition and in fighting. It would be funny if it didn't spill into my market from time to time. I am guessing you were at Norwood. They are really whoring it out to the point they are ruining the market for everyone else. If it wasn't Norwood I bet it was Sudbury/Herb Chambers.
|
|
|
|
|
Replying to: british_rover (Sep 23, 2007 12:27 pm) |
|
|
It was Cab East LLC, subsidiary of Ford Motor according to SEC filings, not LRFC (which is also a Ford subsidiary of course). The dealer got it at 1.9%, gave it to me at 4.632%, which is fine really. And yes, it was Sudbury - I think the word went out to move the LR2 SE prior to the HSE's hitting the market in 4 weeks or so. There are 5+ dealers within easy distance from Boston, so you're right, competition plus Herb's buying power (low cost $) allowed for a pretty good deal (I think). Can't wait for it to snow.
|
|
|
|
|
Replying to: bateman1 (Sep 24, 2007 6:18 am) I don't know why they would tell you they got it at 1.9% or why you think that because they didn't. Buy rate for the LR2 on a 24 month lease is .00193. There is no way to have a buy rate under that. Even if actual buy rate was 1.9%/.000791 money factor then they couldn't sell you the money for .00193 as that is beyond Land Rovers maximum bump for money factors. The maximum bump for money factors from land rover is .00104 or 2.496 percent. |
|
|
Cold package only (MSRP $35,400) 24 month term 10,500 miles per year $559 per month, including tax $0 down payment (My initial costs would be the title/tag fee of $158.50, the bank fee of $645, which includes tax, and the first month's payment) The dealer said the money factor is 0.00218 and the residual is .71 What do you guys think? Thanks for your help! |
|
|
Please ignore the above message. Here is the latest deal that I have been offered: Cold package, black narvik paint (MSRP $35,800, invoice $32,642) 24 month term 10,500 miles per year $535 per month, including tax $0 down payment (My initial costs would be the title/tag fee of $158.50, the bank fee of $645, which includes tax, and the first month's payment) The dealer said the money factor is 0.00218 and the residual is .71 I guess that works out to a capitalized cost of $33,990 which is $1,348 over invoice. I have heard of people getting a capitalized cost of $800 or $1,000 over invoice, but I got the sense that $535 was their final and best offer. What do you guys think? Thanks for your help! |
|
|
|
|
Replying to: muddyy (Sep 16, 2007 1:24 pm) And they gave me rubber mats. Not a bad deal. I had to take it oct 31 which is in 2 days, but i did some haggling and they knocked $400.00 off the msrp. They are affordable...and this coming from a grand cherokee graduate. |
|
|
|
| I just saw the LandRover site posted new lease specials on the LR2. Looks like $2995 down, $373/month, 10,500 miles. I am assuming the basic model. Does anyone know the money factor or residual on this? Has anyone rec'd this offer? Is this a good deal? | |
|
Replying to: ajnickolai (Nov 02, 2007 10:41 am) In addition, there is a vibe going out that there are not a lot of SE's available and you can't order certain color combinations, it's leftovers only in preparation for the HSE's which will sell at a premium price and offer no lease incentives (at least there are none on the LR site). I think it's possible that the lease on a 42K (loaded) HSE may be over $700/month. But that being said I'm not sure I believe anyone right now, LR is always slow to give details. It may be possible to get an SE of your choice now with that lease price. I suspect it's just temporary and applies to leftovers because of one simple fact: how can the dealers handle the anger from people who are leasing the same car for $550 a month right now when they see that new lease price?
|
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Land Rover LR2 Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Land Rover LR2
Browse by Board
Browse by Topic
Today's Chats
