Sign In Join 



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


Messages Page 11 of 17
1
...
8
9
10
11
12
13
14
...
17
Prev
Next
Last
Go To Msg #
Search This Discussion

#99 of 160
Is this a good lease deal? by mhong33
Sep 29, 2007 (7:02 am)
Reply
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!
#100 of 160
Got a better deal by mhong33
Sep 29, 2007 (2:52 pm)
Reply
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!
#101 of 160
Re: Nothing has changed [muddyy] by balticbkuelr2
Oct 28, 2007 (6:34 am)
Reply

Replying to: muddyy (Sep 16, 2007 1:24 pm)

I also live in the NY metro area. Long Island to be exact. and if you know the area, you know that all the dealerships (all 4) are owned by the same Auto Group. Just c1st month payment and motor vehicle fee. monthly payment is 513.00 per month and some change for 13,500 miles with cold climate package for 30 months.
 
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.
#102 of 160
New LR2 leases by ajnickolai
Nov 02, 2007 (10:41 am)
Reply
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?
#103 of 160
Re: New LR2 leases [ajnickolai] by muddyy
Nov 06, 2007 (3:38 pm)
Reply

Replying to: ajnickolai (Nov 02, 2007 10:41 am)

Yeah, I just saw this also but I'm not sure it's such a good thing. From what I've been hearing it only applys to left over SE models without any upgrades like lighting and NAV and cold weather packages, so if you get any of those the lease price goes way up.
 
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?
#104 of 160
Re: New LR2 leases [ajnickolai] by schott
Nov 06, 2007 (5:45 pm)
Reply

Replying to: ajnickolai (Nov 02, 2007 10:41 am)

I spoke to a finance guy with a local Landrover dealer about the lease special on the LR2. He said the rate for an SE without Navigation was 1.1% and 1.9% with Nav. The residual was about 69% and 67%, respectively. He claimed he could give me a price $1K over cost. With the special of $2,995 down (actually $3,500 with taxes/fees) and a 36 mo. lease the payments were about $380/mo without Nav and $480 with Nav. Note: these figures will vary depending up your taxes, options, etc.
 
I questioned the additional $100 more for NAV, but he claimed it was because of the higher rate and lower residual. For an X3 the Nav is only $40/mo more - but the Nav cost is about $1K less. Still, the SE with NAV is much more.
 
Re: rates on the HSE, he mentioned they were around 4.6%? From what I've heard, many of the new HSE's coming in at first will not have Nav to keep the price and payments down.
#105 of 160
Re: New LR2 leases [muddyy] by british_rover
Nov 07, 2007 (10:17 am)
Reply

Replying to: muddyy (Nov 06, 2007 3:38 pm)

I think it's possible that the lease on a 42K (loaded) HSE may be over $700/month.
 

 
The first HSE LR2 lease I did came out at almost 900 bucks a month. I almost choked on my tea.
#106 of 160
Re: New LR2 leases [schott] by stonefoxx
Nov 07, 2007 (11:01 am)
Reply

Replying to: schott (Nov 06, 2007 5:45 pm)

search for my old post- I drive the LR2 loaded- It's a great ride- My payments are 460 a month with 3900.00 down with inculded tax/title/ and 1st month payment.
#107 of 160
Re: New LR2 leases [schott] by jeyhoe
Nov 07, 2007 (1:39 pm)
Reply

Replying to: schott (Nov 06, 2007 5:45 pm)

Geez, $3600 over 3 years for the Nav? THat's a great argument for a Garmin or a TomTom.
#108 of 160
Re: New LR2 leases [jeyhoe] by british_rover
Nov 08, 2007 (9:41 am)
Reply

Replying to: jeyhoe (Nov 07, 2007 1:39 pm)

Its not just nav though. You get bluetooth phone, SAT radio and the upgraded surround sound system too.

Messages Page 11 of 17
1
...
8
9
10
11
12
13
14
...
17
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement