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Land Rover LR2 Lease Questions

179 messages,  Last post on Mar 26, 2013 at 3:01 PM

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

Messages Page 18 of 18

#170 of 179 Re: Land Rover LR2: Lease Questions [jt1977] by misswho

Jul 24, 2010 (8:34 am)

Replying to: jt1977 (Jul 19, 2010 10:52 am)
JT:
 
I just turned in my 08 LR2 after a 3yr lease. I was in the same position as you--had some cosmetic issues & wondered about just buying it out to avoid fees & then trying to sell it. To each their own, but I fixed up the major issues (replaced windshield, fixed a door dent) & returned it to Land Rover. From the start, my car had all sorts of problems & it was nice to walk right into Land Rover, hand them my keys, and be free. I actually really loved my car & was sad that it was so disappointing.
 
When Land Rover sent the inspector to go over my car, I was quite surprised at what was allowable. I had major wheel damage (from off-roading), dings/dents, paint chips, a couple major scratches, etc. Here's a link to Land Rover's wear & tear guide--download the pdf, which is really helpful. LR Wear & Use
 
The inspector thought I was going to be charged for all new wheels, but when I actually got my bill, I was only charged $150 for the damage--and they were pretty eaten up. I wasn't even charged for the other things.
 
My buyout was $19,270 and there's NO WAY I would've bought it, after the history I had, and then seeing how it got progressively worse after 45,000 miles. (My lease was 16,500 miles/year). Maybe you had a great experience--if you did, & you love your car and you want to buy it, then you should see if they'll negotiate on the buyout price. If you have any other questions, feel free.

#171 of 179 Residual value and money factor? by aspen19128

Feb 20, 2011 (5:14 pm)

I am considering an LR2 lease for 36 months, 12,000 mi/yr starting in April. Looking at the HSE model and expecting an msrp of 38,000 Do you have an estimated residual value and money factor? Also, any known incentives on leases? I know Land Rover is not usually too great on leasing. I will purchase in either Pennsylvania or New Jersey. Thanks for any help.

#172 of 179 Re: Residual value and money factor? [aspen19128] by gregdole7

Apr 15, 2011 (8:17 pm)

Replying to: aspen19128 (Feb 20, 2011 5:14 pm)
Carman,
 
Do you have april (or march) lease numbers for a 2011 LR2 HSE LUX?
 
Interested in a 36 month lease with 15k a year.
 
Thanks

#173 of 179 Re: Residual value and money factor? [gregdole7] by Car_man HOST

Apr 25, 2011 (4:41 pm)

Replying to: gregdole7 (Apr 15, 2011 8:17 pm)
Here's the information that you're looking for gregdole7.
 
Land Rover's April buy rate lease money factor and residual value for a 36 month lease of a 2011 LR2 HSE LUX with 15,000 miles per year are .00330 and 41%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#174 of 179 Re: Residual value and money factor? [Car_man] by nickr1

Aug 10, 2011 (10:11 pm)

Replying to: Car_man (Apr 25, 2011 4:41 pm)
I don't see any lease being offered on the Land Rover site or at the dealer for a 2011 LR2, so what are you guys talking about, land Rover does not lease this car as far as I can see.

#175 of 179 Re: Residual value and money factor? [nickr1] by Car_man HOST

Aug 14, 2011 (2:26 pm)

Replying to: nickr1 (Aug 10, 2011 10:11 pm)
Technically one can still lease an LR2 if they really want to, but it is not a very good deal to do so right now.
 
Car_man
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#176 of 179 Re: Residual value and money factor? [Car_man] by nickr1

Aug 31, 2011 (8:28 pm)

Replying to: Car_man (Aug 14, 2011 2:26 pm)
Okay, but why is it a bad deal? Why does it seem just this model's lease is a bad deal? I know they would sell many more of them if they had a good lease deal, do they not think that, or care? This is a bizarre situation, isn't? I get the feeling this car is on it's last legs, it's going to be discontinued, it's over priced anyway and everybody knows it, except people who want to be blind to it. It's kind of like the Honda Element, it's gone, no more of them ever, but you don't read that on Hondas site and you see tons of them on the road. Really weird.

#178 of 179 Lease Info on 2013 LR2 by k_brit

Mar 26, 2013 (12:56 pm)

Does anyone have recent experience leasing a 2013 LR2. I am interested in leasing for 36 months, 10-12,000 miles/yr. Do you know the money factor for Tier 1 credit and residual value?

#179 of 179 Re: Lease Info on 2013 LR2 [k_brit] by Car_man HOST

Mar 26, 2013 (3:01 pm)

Replying to: k_brit (Mar 26, 2013 12:56 pm)
Hi k_brit. Chase's March buy rate lease money factor and residual value for a 36-month lease of a base 2013 LR2 with 12,000 miles per year are .00213 and 54% for consumers who qualify for its top credit tier.
 
The residual value for a lease with 10,000 miles per year would be 1% higher.
 
Car_man
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Messages Page 18 of 18

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