My Take: I watched the new James Bond movie this weekend and I noticed Ford spent a good chunk of their marketing cash advertising their line up. I probably saw the LR3 more than any other Ford on the film. On a side note, an old beat-up Ford Bronco got some screen time, imagine that! Anyway, Ford Credit lease rate are terrible right now, so avoid leasing through them. Go with an independent bank or find one using Leasecompare.com if you don’t have one.
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2008 Land Rover LR3 SE
24 Month – Residual 38% of MSRP – .00321 Base Rate
36 Month – Residual 31% of MSRP – .00351 Base Rate
48 Month – Residual 24% of MSRP – .00393 Base Rate
2008 Land Rover LR3 HSE
24 Month – Residual 37% of MSRP – .00321 Base Rate
36 Month – Residual 31% of MSRP – .00351 Base Rate
48 Month – Residual 23% of MSRP – .00393 Base Rate
Rates provided by Leasecompare.com
Wow! What terrible residuals. Depending on the warranty, it would be better to pick one up used.
Ain’t that the truth. You will probably get sizable discounts off the sticker price, but still, they make all that back by jacking up the money factor. Now if a brand new loaded LR3 costs $56,275, then two years from now it will be worth $21384, based on their residuals numbers. I think I rather go ahead and BUY a 2 year old LR3 + extended warranty. Haha.