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06' LR3 V8 SE:AM I GETTING A GOOD DEAL?

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Old 10-29-2006, 10:18 AM
genef4363's Avatar
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Default 06' LR3 V8 SE:AM I GETTING A GOOD DEAL?

I went to a dealership yesterday in NJ and signed the papers to lease a loaner LR3 V8 SE with 5-6000K miles based on approval of seeing the car on Tuesday.

It has a Cold Air Pkg,3rd Row,Satellite Radio and Bluetooth. The MSRP was $50,000 and they're giving it to me for $44,900.

$1,000 out of pocket after they deducted $450 from the out-of-pocket because I still have another car(Nissan) and will have 2 cars for a month until I give it back in December.

My monthly payment is $495 for 30 months. The money factor was something like .0016 or .00016 (I don't recall exactly) and the residual wa 68%.

Basically, I'm wondering if anyone can tell me whether or not this is a good deal?
 
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