2015 F-Types in the $60ks - poor people alert.
#1
2015 F-Types in the $60ks - poor people alert.
Been a fan of the F-Type R and Challenger Hellcat, as well as the Audi R8 for a few months now.
Hellcats commanded high ADM (dealer markups) and resales prices for a long time, but now are available used (only talking like-new examples) in the mid to high $50k range. So a drop from $62k to $72k to $50k.
The R8 is all over the place - $75k to $150k depending on the age/mileage, dating back to 2009 (US). Hard to gauge case by case.
The Jaguars are no stranger to depreciation and seem to take the most brutal hit immediately - new $110k, two months later, $85k. There are now very nice examples of 2015 showing up at the $68k mark. $110 to $68k - I'd say that is a great value on what is still a very desirable and current model.
Now, finally there are 2015 F-Type R examples (<10k miles, exc cond, own owner) showing up at very attractive prices.
I know the title is deceiving because 'poor people' don't purchase $68k cars even used but it is sure nice to see us other working stiffs like me finally have a shot at a great car.
Depreciation - I thank and welcome you. You have been my enemy many times, but now you are my friend.
If that $68k R purchased pre-owned now is worth $50k in a year or two, so be it. (post warranty is a killer).
Hellcats commanded high ADM (dealer markups) and resales prices for a long time, but now are available used (only talking like-new examples) in the mid to high $50k range. So a drop from $62k to $72k to $50k.
The R8 is all over the place - $75k to $150k depending on the age/mileage, dating back to 2009 (US). Hard to gauge case by case.
The Jaguars are no stranger to depreciation and seem to take the most brutal hit immediately - new $110k, two months later, $85k. There are now very nice examples of 2015 showing up at the $68k mark. $110 to $68k - I'd say that is a great value on what is still a very desirable and current model.
Now, finally there are 2015 F-Type R examples (<10k miles, exc cond, own owner) showing up at very attractive prices.
I know the title is deceiving because 'poor people' don't purchase $68k cars even used but it is sure nice to see us other working stiffs like me finally have a shot at a great car.
Depreciation - I thank and welcome you. You have been my enemy many times, but now you are my friend.
If that $68k R purchased pre-owned now is worth $50k in a year or two, so be it. (post warranty is a killer).
#2
I'd say now is the time to buy, the worst part of depreciation is over.
Still, 68k might be cutting it close, I saw one on AutoTrader at that price point and that was a high mileage one (considering the age) - if you'd like to get in one now, you'd probably have to budget mid 70s still.
Now, I'm in Germany, but our prices are ROUGHLY equivalent to yours, though of course in €. The cheapest 2015 R right now sits at 69,999 here - and that's an accident damaged high mileage import from Italy. I bought my fully equipped, low mileage 2016 R 3 months ago at 75k and was very happy with that price. It was less than a year old at that point. Of course, that's a big hit in depreciation, which is also why I'd never buy a sports car new. Not just Jags, this goes for Porsches too (I had a 997 before). Depreciation in the first year is absolutely stunning. For me, as a more "budget-conscious" buyer on the younger end of the buyer's scale (don't have THAT much money to waste), it was the perfect time. Car is almost new, but already significantly cheaper. It's fully optioned anyway and the color I would have bought as well, so why get a new one?
Regarding warranty...I don't know about NA, but you can extend the warranty to up to 5 years here in Europe, which should appease any prospective used car buyers if you're looking to sell it on. Over here, the residual on a lease is 65k for a used one after 3 years. If you're buying a one year old car at 75k, that's a depreciation hit that is not too bad at all IMO. Of course, you'll always lose some money with these cars, goes without saying. My old 997 didn't depreciate. Bought at 35k, sold at 38k after 3 years of owership. 15k in maintenance though, so it evens out...
If you can, I'd get into a 2016, though that would be AWD in your case. We still get RWD on the R even for the 2016 MY. Though it's a little thing, I find the gauge display significantly prettier on the 2016 and the infotainment also looks different. I don't know if it's actually faster as I've never tried a 2015. Just judging from pics. Other details are rather minute, apart from the hydraulic to electric power steering switch.
Still, 68k might be cutting it close, I saw one on AutoTrader at that price point and that was a high mileage one (considering the age) - if you'd like to get in one now, you'd probably have to budget mid 70s still.
Now, I'm in Germany, but our prices are ROUGHLY equivalent to yours, though of course in €. The cheapest 2015 R right now sits at 69,999 here - and that's an accident damaged high mileage import from Italy. I bought my fully equipped, low mileage 2016 R 3 months ago at 75k and was very happy with that price. It was less than a year old at that point. Of course, that's a big hit in depreciation, which is also why I'd never buy a sports car new. Not just Jags, this goes for Porsches too (I had a 997 before). Depreciation in the first year is absolutely stunning. For me, as a more "budget-conscious" buyer on the younger end of the buyer's scale (don't have THAT much money to waste), it was the perfect time. Car is almost new, but already significantly cheaper. It's fully optioned anyway and the color I would have bought as well, so why get a new one?
Regarding warranty...I don't know about NA, but you can extend the warranty to up to 5 years here in Europe, which should appease any prospective used car buyers if you're looking to sell it on. Over here, the residual on a lease is 65k for a used one after 3 years. If you're buying a one year old car at 75k, that's a depreciation hit that is not too bad at all IMO. Of course, you'll always lose some money with these cars, goes without saying. My old 997 didn't depreciate. Bought at 35k, sold at 38k after 3 years of owership. 15k in maintenance though, so it evens out...
If you can, I'd get into a 2016, though that would be AWD in your case. We still get RWD on the R even for the 2016 MY. Though it's a little thing, I find the gauge display significantly prettier on the 2016 and the infotainment also looks different. I don't know if it's actually faster as I've never tried a 2015. Just judging from pics. Other details are rather minute, apart from the hydraulic to electric power steering switch.
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Burt Gummer (10-18-2016)
#4
They'll get there eventually, but IMO it's going to take a while. Depreciation is slowly going to fizzle out, as with any car. What's more - and specific to the F-Type - I think the used car prices now reflect more closely the price point the R should have been at to begin with. I think they're a tad too expensive from new - especially in the US, where you also have the C7 as a competitor. At this price point, the car will be more interesting to a greater number of people.
#5
I know we are talking 2015s here, but I've seen this 2016s here in person in Austin. It's got 300 miles on it and is spotless. They started at 82000.and have been reducing the price monthly:
2016 Jaguar F-TYPE S at Apple Sport Imports in Austin, TX
Very sharp car.
2016 Jaguar F-TYPE S at Apple Sport Imports in Austin, TX
Very sharp car.
#6
I know we are talking 2015s here, but I've seen this 2016s here in person in Austin. It's got 300 miles on it and is spotless. They started at 82000.and have been reducing the price monthly:
2016 Jaguar F-TYPE S at Apple Sport Imports in Austin, TX
Very sharp car.
2016 Jaguar F-TYPE S at Apple Sport Imports in Austin, TX
Very sharp car.
#7
S Models are easily found in the 50s-60s, Rs not so much but they are getting there. I have seen prime examples of Rs sell in the 60s. A lot of Rs get no takers in the 60s also.
I am also of the opinion that the R's price was/is out of line at $110k+ new. There are already SVRs pre-owned closing in on that price.
Hey if I had unlimited funds and wasn't a wage slave who cares - but I'm not - so I do.
Jaguar F Type R | eBay
Jaguar F Type R | eBay
I am also of the opinion that the R's price was/is out of line at $110k+ new. There are already SVRs pre-owned closing in on that price.
Hey if I had unlimited funds and wasn't a wage slave who cares - but I'm not - so I do.
Jaguar F Type R | eBay
Jaguar F Type R | eBay
Last edited by Burt Gummer; 10-18-2016 at 09:52 PM.
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#8
S Models are easily found in the 50s-60s, Rs not so much but they are getting there. I have seen prime examples of Rs sell in the 60s. A lot of Rs get no takers in the 60s also.
I am also of the opinion that the R's price was/is out of line at $110k+ new. There are already SVRs pre-owned closing in on that price.
Hey if I had unlimited funds and wasn't a wage slave who cares - but I'm not - so I do.
Jaguar F Type R | eBay
Jaguar F Type R | eBay
I am also of the opinion that the R's price was/is out of line at $110k+ new. There are already SVRs pre-owned closing in on that price.
Hey if I had unlimited funds and wasn't a wage slave who cares - but I'm not - so I do.
Jaguar F Type R | eBay
Jaguar F Type R | eBay
#9
Ebay has been great to me. Saved thousands on purchases. With cars they have a $50k guarantee of delivery as stated, etc. To each their own.
$68k or so F-Type Rs are popping up on several sites, not just Ebay. A friend of mine bought a 2015 R in perfect showroom shape, loaded, 5k miles, in Central Oregon for $65k.
Lots of white cars, not sure why. There will be great deals ahead I am sure. One model I fully expected to really tank was the XKR-S, but those have surprisingly held up well price wise.
The ones I've listed are dealers also and of course if one has cash or pre-approved funding to purchase from a private party that is where the real deals are made. I expect to see many mid-60k 2015 Rs and high-70k 2016 Rs before winter has passed.
https://www.cars.com/vehicledetail/d...3696/overview/
$68k or so F-Type Rs are popping up on several sites, not just Ebay. A friend of mine bought a 2015 R in perfect showroom shape, loaded, 5k miles, in Central Oregon for $65k.
Lots of white cars, not sure why. There will be great deals ahead I am sure. One model I fully expected to really tank was the XKR-S, but those have surprisingly held up well price wise.
The ones I've listed are dealers also and of course if one has cash or pre-approved funding to purchase from a private party that is where the real deals are made. I expect to see many mid-60k 2015 Rs and high-70k 2016 Rs before winter has passed.
https://www.cars.com/vehicledetail/d...3696/overview/
Last edited by Burt Gummer; 10-18-2016 at 11:09 PM.
#10
Ebay has been great to me. Saved thousands on purchases. With cars they have a $50k guarantee of delivery as stated, etc. To each their own.
$68k or so F-Type Rs are popping up on several sites, not just Ebay. A friend of mine bought a 2015 R in perfect showroom shape, loaded, 5k miles, in Central Oregon for $65k.
Lots of white cars, not sure why.
https://www.cars.com/vehicledetail/d...3696/overview/
$68k or so F-Type Rs are popping up on several sites, not just Ebay. A friend of mine bought a 2015 R in perfect showroom shape, loaded, 5k miles, in Central Oregon for $65k.
Lots of white cars, not sure why.
https://www.cars.com/vehicledetail/d...3696/overview/
I'm all in favor of being "cheap" - it's the only reason I am in the comfortable position of toying around with these cars at my age - but you've got to draw the line somewhere. A few grand extra are not that significant in the grand scheme of things and buying the absolute cheapest of anything in general is very rarely a good idea.
In any case, good luck with your search, but I wouldn't wait too long. I spent almost a year looking for my first 911 - in hindsight, that's time I should have spent driving instead. Last link you posted doesn't work BTW.
#11
I agree to disagree. Always been happy with the private party, pre-owned route. Owned several wonderful cars second hand and walked away without the financial burden of that first brutal depreciation hit.
The typical seller - "the wife says it has to go - I need four seats - having a baby, etc" Thank you to the wives out there.
But absolutely, I am a cheap SOB.
The typical seller - "the wife says it has to go - I need four seats - having a baby, etc" Thank you to the wives out there.
But absolutely, I am a cheap SOB.
#12
I agree to disagree. Always been happy with the private party, pre-owned route. Owned several wonderful cars second hand and walked away without the financial burden of that first brutal depreciation hit.
The typical seller - "the wife says it has to go - I need four seats - having a baby, etc" Thank you to the wives out there.
But absolutely, I am a cheap SOB.
The typical seller - "the wife says it has to go - I need four seats - having a baby, etc" Thank you to the wives out there.
But absolutely, I am a cheap SOB.
Private party, absolutely - I was more referring to, as we talked about, buying a car on eBay and shipping it. That seems like madness to me. In many cases, I'd prefer buying private over buying from a dealer since you can often draw meaningful conclusions about how the car has been handled by meeting the previous owner.
#15
#17
#18
Will double your sex appeal with the 60+ male demographic.
Crooked teeth and a blue velvet suit are included with the purchase.
Comes with a resonator, as-new condition, never used.
Equipped with an automatic monocle-dropping chardonnay dispenser.
Last edited by SinF; 10-19-2016 at 08:24 AM.
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Mbourne (10-19-2016)
#19
All previous owners had lots of chest hair.
Will double your sex appeal with the 60+ male demographic.
Crooked teeth and a blue velvet suit are included with the purchase.
Comes with a resonator, as-new condition, never used.
Equipped with an automatic monocle-dropping chardonnay dispenser.
Will double your sex appeal with the 60+ male demographic.
Crooked teeth and a blue velvet suit are included with the purchase.
Comes with a resonator, as-new condition, never used.
Equipped with an automatic monocle-dropping chardonnay dispenser.