16' F-Type R Vert.. should I do it? $902 a month?
#21
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Ghostiest (02-18-2016)
The following users liked this post:
lsbrodsky (02-18-2016)
#30
I've really never considered leasing, but Jaguar has a good mileage allowance. I guess I don't understand the process completely. Do most lease another vehicle after the term is up? On the surface, to me, if one doesn't then one has paid xxx.00/month per lease term with nothing to show for it. Some of the rates, term, and what you can lease sure sounds attractive.
#31
I was offered a '16 R coupe with an MSRP of $108k for $899/month (plus tax) for 39 months and $4995 drive off for 7,500 mi/year. I was told I could get this price on this particular car because the dealer had "punched" the car. I was told that means the dealership identified the car to Jaguar as having been "sold" even though it hadn't been sold, in order be able to then apply $5k of incentive money received from Jaguar to the price of the car.
From looking around in the Southern California area, it seems this practice of "punching" a car (assuming it is even a real practice and not just mumbo jumbo) is not totally common, but can be found.
Unfortunately for me, none of the "punched" '16 R coupes cars within reasonable driving distance were all that interesting from a color combination perspective. So just yesterday, I agreed to a deal on an '16 coupe with an MSRP of $109k for $999/month (plus tax) for 39 months and $4995 drive off for 7,500 mi/year. Basically the same deal as the "punched" car but for $100/month more. After rolling the down payment into the monthly payment, adding in tax, and then upping the mileage to 10k, I'm sitting at $1215/month. Obviously I could have done better, but I got the exact color combo I wanted and didn't get totally ripped off in the process.
From looking around in the Southern California area, it seems this practice of "punching" a car (assuming it is even a real practice and not just mumbo jumbo) is not totally common, but can be found.
Unfortunately for me, none of the "punched" '16 R coupes cars within reasonable driving distance were all that interesting from a color combination perspective. So just yesterday, I agreed to a deal on an '16 coupe with an MSRP of $109k for $999/month (plus tax) for 39 months and $4995 drive off for 7,500 mi/year. Basically the same deal as the "punched" car but for $100/month more. After rolling the down payment into the monthly payment, adding in tax, and then upping the mileage to 10k, I'm sitting at $1215/month. Obviously I could have done better, but I got the exact color combo I wanted and didn't get totally ripped off in the process.
#32
The whole point of the lease is that you have nothing to show for it. If you have a business through which you can gain a tax advantage, great. But, with a lease you can drive an expensive car for a few years, never out of warranty, and not have to deal with the hassle of selling the car at some point. If you want to be done making car payments, you need to buy a car.
Larry
Larry
#33
OP your numbers are very good on a vert. I'm basically the same payment but $5K drive-off and 33 months, 10K miles a year on a "punched" 15 V8S. And if you're looking at an F-type I'd say the noise is high on the list of reasons you're considering it. In which case the vert is the best way to get at that noise.
Last edited by meefer; 02-18-2016 at 01:47 PM.
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#38
What was your MSRP? Cap Cost? Residual from last year? I don't pay taxes so.. a mid 700's payment would be Godsend.
Keep in mind, also, that lease/money factors and residuals vary from state to state. Some states allow up front lease origination fees, others don't. Some have tax credits, some don't. Some have specific dealer and customer rebates, others won't have any available... You get the idea....
#39
#40
Generally speaking, no matter where you buy the car, the taxes, credits and registration fees will be charged for the state where the car will be garaged. In other words, the state that issued your driver license and where your insurance was issued.
Also, if you wait until March, the price will probably drop, but the residuals will too...
Also, if you wait until March, the price will probably drop, but the residuals will too...