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Land Rover LR4 Lease Questions

kyfdxkyfdx Posts: 29,134
Ask your LR4 lease questions here!

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  • I was offered (without negotiating the price) a lease for a new LR4 Lux 7 with cold climate at MSRP plus $2,000 for some dealer add ons (roof rack, wood trim, etc): 48 months 12K miles, 35% residual, .00273 money factor., payment of $1,026.28 with an aquistition fee of $795. No cap cost reduction. We also are charged tax here but I left that out of the above. Are you seeing better?
  • eelpouteelpout Posts: 32
    does anyone know what the lead times are on ordering an LR4?
  • Ok, i realize this is somewhat of a silly questions, but i wanted to get people's opinions. I have narrowed down my new car options to either an LR4 or an X5. I have priced out both models with the options i want and they both price out at roughly $54k. I got a few quotes for a 36 months lease / 10k miles for both with the same amount down and the monthly payment difference is quite different....about $875 for the LR4 and $710 for the X5....now, i like the LR4 better, but that is a substantial difference for the same exact priced car, why in the world is it that much different? Is the residual value of the LR4 that much worse than the X5?
  • po65nypo65ny Posts: 7
    Yes, the residuals for all Land Rover models are terrible. Land Rover's reputation for mechanical quality (or lack thereof) doesn't lend itself to great resale values, therefore depreciation on these cars is very steep :lemon:

    Just look at what you can get a used RR Sport or RR for (even with relatively low miles)....
  • roverduderoverdude Posts: 12
    The big differance is that LR doesnt inflate their residuals like BMW. You talk about the huge depreciation of the Sport, but why has it been ranked by ALG as the highest residual value in its class for 5 years running. LR's mechanical quality has inproved by leaps and bounds in the past few years.
  • kyfdxkyfdx Posts: 29,134
    That may be true, but if you are leasing, an inflated residual is what you want... If BMW takes a bath on the back end, that's their problem.. I'll take the lower payment..

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    Prices Paid, Lease Questions, SUVs

  • samminsammin Posts: 39
    I'm considering going the 48 month lease route on a LR4 Lux, black MSRP $58,065

    Either 7,500 or 10,000 miles per year.

    What are the MF/Resid?

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi sammin. Here's the information that you're looking for. Land Rover's April lease money factor and residual value for a 48 month lease of a 2010 LR4 Lux with 10,000 miles per year are .00127 and 45%, respectively.

    Car_man
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  • samminsammin Posts: 39
    Great, thanks Car Man!
  • Car Man, can you pls let me know what money factor and residual is currently LR offering on 36month lease.

    thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, sammin.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here you go, confused11. Land Rover's April lease money factor and residual value for a 36 month lease of a base 2010 LR4 with 10,000 miles per year are .00112 and 51%, respectively.

    Car_man
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  • Thanks Car_man much appreciated.
  • edekeledekel Posts: 2
    Hi - on landroverusa.com they are offering the deal below. Is this a good deal, or do you think I can get better?

    Thanks!!

    LR4 Offers & Financing

    2010 Land Rover LR4 HSE with 7 Seat Comfort Package (7HS): $699 per month* with a 36-month lease
    $0 security deposit and $2995 due at signing
    Excludes taxes, title, license and fees
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, confused11.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi edekel. Most manufacturers' official advertised lease payments are decent deals, but savvy consumers who live in an area that has a decent level of competition are usually able to negotiate lower selling prices than the one that was used to arrive at the advertised payment.

    This makes sense if one thinks about it. Dealers would be pretty angry if their manufacturer didn't leave a little meat on the bone on the vehicle that they are advertising.

    Car_man
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  • cricfan777cricfan777 Posts: 20
    Hi Carman. What is the RV and the MF for LR4 Lux and Lux Plus with 18,000mi/yr. Would it be possible at all to lease that car with 0 down and $800/yr?
  • Car Man,

    Hello. Can you provide MF/ Residual info for the July program on 2010 LR4?

    Looking for 36 & 48 months with 10 & 12K miles/yr.

    Thanks
  • Car Man,

    Can you give me MF and RV of LR4 HSE with 7-Seat Comfort Pkg for 36 months and 12k miles per year?

    Philip
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cricfan777. Chase's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Land Rover LR4 Lux with 18,000 miles per year are .00046 and 42%, respectively.

    I'm not sure what the payment would be like on this truck, but I would be happy to work up a sample payment on it for you using the above lease program if you provide me with the full MSRP and selling price of the exact vehicle that you want.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out, ledwardwhite.

    Chase's July buy rate lease money factor and residual value for a 36 month lease of a base 2010 Land Rover LR4 with 12,000 miles per year are .00054 and 47%, respectively.

    The numbers for an otherwise identical 48 month lease are .00107 and 39%.

    If you were to lease this truck with only 10,000 miles per year, its residual value would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the info that you asked for, newyorkphilip.

    Chase's July buy rate lease money factor and residual value for a 36 month lease of a 2010 Land Rover LR4 HSE non-Luxury with 12,000 miles per year are .00046 and 48%, respectively.

    Car_man
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  • cricfan777cricfan777 Posts: 20
    Thanks a bunch carman. You are the best. I'm looking for LR4 Lux Model MSRP 58,000. He came down to 54500. He said invoice is 53000.

    You think I could get it for around $800 for 36 or 39 months? What incentives do LR dealerships get for leasing?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, cricfan777. Let's crunch some numbers and see what we come up with. According to my calculations, if you were to lease a 2010 Land Rover LR4 Lux that has an MSRP of $58,000 and a selling price of $54,500 through Chase right now for 36 months with 18,000 miles per year, your zero down, pre-tax monthly payment would be around $874.

    Car_man
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  • Thanks Car Man.
  • cricfan777cricfan777 Posts: 20
    Thanks Carman. That helps a lot. He was charging me 1020. The MF seemed very high. I had few more questions for you.

    Would you know what incentives the dealer gets for leasing an LR4.
    When pricing with options, do the option's residual value go down the same percent as the car's itself?
  • savvym3savvym3 Posts: 4
    Hi,

    I'm considering a 39 month lease route on a LR4 HSE plus, 7-seat comfort package, black MSRP $54,010 (sale price: $50,726)

    12,000 miles per year.

    What are the MF/Resid?

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome ledwardwhite.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem cricfan777. I don't believe that Land Rover is currently providing any cash incentives on leases of the 2010 LR4 through Chase.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi savvym3. Here's the information that you're looking for.

    Chase's current lease money factor and residual value for a 39 month lease of a 2010 Land Rover LR4 HSE with 12,000 miles per year are .00063 and 46%, respectively.

    Car_man
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