Email from Hornburg on 2017 R
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Asking for fellow forum members. I like putting money down 😜
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I don't see that it much matters. It's just a matter of when you part with a bunch of money you'll never see again. Time value of money is somewhat meaningless at these low interest rates and being at the peak in the equity markets.
Last edited by Unhingd; 09-24-2017 at 10:06 AM.
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SinF (09-25-2017)
#11
The only way really to make a better deal. Not just on cars.
There is a mistake#1 there, in my humble opinion.
Why put money down? I never understood the concept.
Why part with your hard-earned cash in exchange for nothing?
#12
There were going for $1200/mo with $0 at signing for a while. 2017s were on the way out, Jaguar was pushing hard to sell these cars. Recently though I heard that $1600/mo with $0 down became a new sort of normal. Too much, no?
#14
If you don't want to put money down...then you don't have to.
If they're asking for $5k down, you can put $0 down. They'll increase the monthly payment by roughly $30 per $1k. Money down is just a cap cost reduction. Without it, your payment goes up.
I'm not sure why everyone is making a big deal about the money down part...it's easy to make $0 down. Lets say it was $700 a month with $5k down, that makes it roughly $850 a month with $0 down. That's a pretty darn good deal on a new F-Type R.
($700 per month w/$5k down or $850 per month with $0 down is the same deal).
I agree with putting $0 down on a lease. Everyone's got their opinion on money down vs. no money down, just as everyone's got an opinion on buying vs. leasing. Sometimes it's what suits you best, sometimes it's what's the "smarter" thing to do. In my opinion, for several reasons, $0 down on a lease is the way to go.
If they're asking for $5k down, you can put $0 down. They'll increase the monthly payment by roughly $30 per $1k. Money down is just a cap cost reduction. Without it, your payment goes up.
I'm not sure why everyone is making a big deal about the money down part...it's easy to make $0 down. Lets say it was $700 a month with $5k down, that makes it roughly $850 a month with $0 down. That's a pretty darn good deal on a new F-Type R.
($700 per month w/$5k down or $850 per month with $0 down is the same deal).
I agree with putting $0 down on a lease. Everyone's got their opinion on money down vs. no money down, just as everyone's got an opinion on buying vs. leasing. Sometimes it's what suits you best, sometimes it's what's the "smarter" thing to do. In my opinion, for several reasons, $0 down on a lease is the way to go.
#15
I am in the market for a new R, and was seriously considering calling Hornburg... until I noticed that the Manufacturing Date of the car was 2/2016. This car has been sitting in a dealer parking lot for more than a year and a half! Not sure whether it matters and I am probably a fool for not going for it, but somehow it feels wrong. Anyone has a view on this???
#16
I am in the market for a new R, and was seriously considering calling Hornburg... until I noticed that the Manufacturing Date of the car was 2/2016. This car has been sitting in a dealer parking lot for more than a year and a half! Not sure whether it matters and I am probably a fool for not going for it, but somehow it feels wrong. Anyone has a view on this???
#17
Join Date: Oct 2016
Location: Charlotte, North Carolina
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As others have pointed out $699 + $5K down is the same as ZERO Down and $850/month. Get off your high horse because... its only your PERCEPTION that is high
#18
I am in the market for a new R, and was seriously considering calling Hornburg... until I noticed that the Manufacturing Date of the car was 2/2016. This car has been sitting in a dealer parking lot for more than a year and a half! Not sure whether it matters and I am probably a fool for not going for it, but somehow it feels wrong. Anyone has a view on this???
Also, it's still considered a new car, so it has a full warranty.
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Brock (09-25-2017)
#19
Its still just "paying rent" as you won't have anything left at the end of it other than a grin. You are paying your amount over 32 months. The other guy is paying the EXACT SAME amount but he puts more in ...UP FRONT (if he puts money down) so not certain why you think you are any more "high and mighty" than he is. The only difference is WHEN each of you pays those $'s
As others have pointed out $699 + $5K down is the same as ZERO Down and $850/month. Get off your high horse because... its only your PERCEPTION that is high
As others have pointed out $699 + $5K down is the same as ZERO Down and $850/month. Get off your high horse because... its only your PERCEPTION that is high
Let's run some math based on what we know:
Money down=$5000
32 payments of $699+tax (8% or so in Orange County)=$24157
Difference in mileage based on 7500mi/yr vs 12000mi/yr over 33mo at $0.30 per extra mile=$3712
Total spent on lease over 33mo at=$32869 or = $996/mo or so
Not exactly a great deal, considering the 2018s are rolling in. That's why one must negotiate.
Why not pay the same amount without putting ANY money down was my question.
I apologize for not making it easier to understand for some, but hey if one can't do basic lease calculations, they should not complain about being talked down to
#20
Join Date: Oct 2016
Location: Charlotte, North Carolina
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Erm, no:
Let's run some math based on what we know:
doesn't matter one iota...
Why not pay the same amount without putting ANY money down was my question. I apologize for not making it easier to understand for some, but hey if one can't do basic lease calculations, they should not complain about being talked down to
Let's run some math based on what we know:
doesn't matter one iota...
Why not pay the same amount without putting ANY money down was my question. I apologize for not making it easier to understand for some, but hey if one can't do basic lease calculations, they should not complain about being talked down to
There is one area where putting money down on a lease can bite you and I am surprised that as a knowledgeable leasing guy you didn't point it out to bolster your position. That is should a wreck occur in the middle of the lease period. GAP insurance covers the leasing company but the person leasing is essentially screwed out of their deposit (as I understand it) so for that reason alone it may make more sense to put as little down as possible and simply bite the bullet of the high monthly payments.