# Land Rover LR3 Lease Questions

CarMan@Edmunds
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**38,514**
Hi everyone. Please use the following discussion to post any questions that you have about leasing a Land Rover LR3. Thanks.

*Car_man*

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9Thanks for whomever helps or replys to this question. Mark

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1quick question

how do I get landrover capital to negotiate purchase price on a lease return vehicle?

jcomeaux

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12LR3 HSE

MSRP 55825

LEV 70 %

MFSR 0.00307

Tax 1513

Bank fee/gap 595

cod 2334 monthly 775.99

12again 775.99 monthly

249,174hvf.. You'll also need to include the term and mileage allowance of the lease...regards,

kyfdx

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Edmunds Moderator12thanks

12LR3 HSE

MSRP 55825

LEV 70 %

MFSR 0.00307

Tax 1513

Bank fee/gap 595

cod 2334 monthly 775.99

53208 selling price

again 775.99 monthly

mileage 15000/yr for 30 mts

thanks

6thanks

123I think these numbers are only good on 2005 service loaners that are left over. They are just trying to move them out.

38,514The lease money factor and residual value that you were quoted for this truck are in line with Land Rover Capital Group's current lease program for it, but are still not great. The residual is strong, but the money factor is terrible. This is a great time to lease an SUV right now. There is a lot of competition out there and the potential pool of buyers shrank some once gas prices went up. Unfortunately, the LR3's lease program is not that great.

I just calculated a lease payment on this truck using the prices and lease program that you mentioned in your post and I came up with a zero down, pre-tax monthly payment of around $755. If the payment that you were quoted does not include tax, it looks as though it is a little off.

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8,502626thanks

3I received both a $4400 discount for the service loaner as well as the $5000 rebate for a lease on my LR3.

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27thanks.

6Check your contract again. the cap cost should be in there. if it is indeed in the 38k range you need to talk to the dealer.

8,50242k6 LR3 SE with Navigation, Lighting Package, Cold Weather package, blue tooth, cooler box (i don't want this 2 options but that's what they have their stock packed with).

The quote was:

$620/month for

putting total of $3000 with title/tax/bank fee/ deliver charge, etc... no security deposit.

The Money Factor used is 0.00307 and residual is 77% ($39,7323)

That's a 30month lease with 10k/month allowance.

I've been told if I put down the security deposit of $695 I get a MF of 0,00297 and a monthly payment of $616.

Is this a good deal, feedback appreciated.

Thanks

4thanks people, and happy holidays!

51FOR LEASE:

2006 HSE (with Luxury pkg, Heavy Duty PKG)

MSRP: $55825

Quoted Price: $52500

Miles: 15k

Money Factor: .00307

Residual: 70%

Acquision fee $595

Down payment: $1496.21 (without taxes)

Monthly payment: $793.88 (includes taxes)

FOR PURCHASE i was quoted $52500

Also, i recently receive a $1500 discount coupon from Land Rover in mail. And a few days ago i had also received a 1500 discount offer from LR when i was surfering their site (a pop-up window offer). Am I entitled to one of these discounts on top of the negotiated price with the dealer?

anxiously awaiting replies, thanks...

18,502102I am trying to work out a lease or buy on a 2006 LR3 HSE V8 with a sticker of 55,525. As of this year, they are telling me that the residual has dropped from ~70% to 68%. That seems really harsh to me and can't tell if this is from LR or the dealer.

Do you have any info from LR that can give us some numbers.

I am looking for 15K a year on a purchase of 52,255. Any thoughts?

1So, we're looking for an '06 HSE (or perhaps an SE7-nav) and the typical sticker price is about $55K (HSE+luxury package). Without any negotiating, the salesman told us that a $0-down 48-month lease would be about $850+tax/mo. This seems quite high if you ask me. An equally (street)priced Navigator is about $660/mo for 39-months.

So, what I want to know is... What should I expect to pay for this vehicle? What should I expect my monthly lease rate to be (looking for either 24 or 36 month). What would be a fair price/rate? What would be an amazing price/rate?

Perhaps some of you could advise what the effective purchase price for your vehicle was and what your lease rates are? I'd need to know what the lease term is, and the number of miles per year (12K/15K) and if possible. There are other important things like the money factory (effective APR) and the the residual value, but I don't expect people to know those off the top of their heads.

For instance:

MSRP: $55K

Negotiated purchase price: $53K

Lease: $700/48-mo/15K-year

Cheers,

-Alan

1I just obtained a quote from the nearest dealer from my city, which is in Albuquerque, NM. After reviewing some of the postings on this page, I realize that they are quoting extremely high for a 39 MO. lease. Here's what they propose.

'06 LR# HSE

Sell Price $ 55825.00 +

10" DVD, tow hitch + mats $ 1120.00

15K miles per year.

Money factor .00314

Taxes and 1 month security deposit up front +

$ 591.00 on fees.

Monthly payment of $ 978.00

The sales person did not mention any rebates whatsoever.

I would appreciate any offer suggestions to make to the dealer or any leads to other dealerships where I can get a better quote.

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38,514I'd be happy to give you an idea of what sort of lease payment to expect to pay on this truck right now, however in order for me to do so I need you to provide me with its full MSRP and an approximate selling price. You may be able to get an idea of how much you should pay for one right now by visiting the following discussion: Sylvia, "Land Rover LR3: Prices Paid & Buying Experiences" #, 3 Mar 2005 6:49 pm.

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38,514The other way that you can lower your lease payment is to negotiate a more attractive selling price for the truck that you want. I don't know how much of a discount you are being given on this truck because you never mentioned its selling price, but a base '06 LR3 HSE has a whopping spread of over $4,700 between its full MSRP and dealer invoice prices. There is a lot of room to negotiate in there.

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2Interested in knowing how you source the information you have on Land Rover Capital Group's current lease programs? For those of us that have to ask ;-), assuming the money factor is the same, what would the buy rate lease residual be for 24mnths/10k miles on the 2006 LR3 HSE? Is it fairly safe to assume in most cases with Land Rover that it will be another 2% over the 12k miles residual? How often do the money factor/residual values fluctuate with Land Rover? Want to get a feel for whether it is safe to assume that if I see lease program information on this site from three days ago, it is probably still current.

Thanks,

ddwinell

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38,514iscompatible with the lease program.Car_manHost

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10I'm looking at leasing a 2006 LR3 HSE within the next few days and wanted to see if the previous Money Factor and Residual Numbers talked about last month are still valid.

I'm looking at either 24 or 36 months for lease term and 12K miles per year.

Thanks!

10I'm looking at leasing a 2006 LR3 HSE within the next few days and wanted to see if the previous Money Factor and Residual Numbers talked about last month are still valid.

I'm looking at either 24 or 36 months for lease term and 12K miles per year.

Thanks!

8,5021Also, someone mentioned above $4700 difference between MSRP and invoice for the HSE. Anyone know the difference for the SE?

BTW, I'm in Los Angeles, if that makes a difference on any of the rates/pricing.

Thanks!

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19Looking for a little help...

I'm wanting to lease a 2006 HSE LR3 (MSRP of $55,600) for 36 months and 12,000 miles. I negotiated the price down to $51,400. Using a residual of 58% and a money factor of .00202, rolling in taxes of 6.75%, and putting no money down, I can calculate payments (using Edmunds calculator) at about $815 per month. Over the phone, my dealership agreed to all the numbers, but gave me a monthly payment of $940. He told me there were other "fees and factors" involved that brought the payment up. Am I missing something? or should I just move on to another dealer? Any help you can give is greatly appreciated.

4i'm considering leasing an LR3; my local dealership has a 2005 SE w/3900 miles, listed at $41,900 (I'm thinking i can get the net cap cost down to $38k). I have a trade-in, but my payoff is about equal with the trade-in value; however i can put a couple thousand down, if necessary. i would like to get into an LR3 lease with a payment less than $500...is this possible, or am i dreaming?

8,502You might be able to hit that payment if you pick a 2006 V6 service loaner. They have stronger residuals then the left over 2005's.