Lease Questions
#21
11-13-2014, 05:34 PM
New member here. Currently own an XF and will take delivery today on a 2014 V6 F-Type convertible that I will be leasing. I got the $2500 JCNA discount applied to the capital cost reduction. Dealer said it's still good until March of 2015. FWIW, here in the northeast U.S there are good deals to be had on convertibles. Between dealer incentives (to move a leftover 2014 convertible) and the JCNA discount, I negotiated the capital cost down nearly $10k from MSRP.
The dealers do not seem to be moving as much on the coupes, and my dealer said that they've already stopped taking orders for MY2015 F-Types. Any orders they take now will be for MY2016 vehicles. He also said that they are cutting production numbers on the F-Type in anticipation of a slowdown in demand and also to support a ramp-up in production of the XE. It sounds like Jaguar intends to keep the F-Type a vehicle with some exclusivity to ownership. This is all from a dealer, mind you, so take it for what that's worth. Personally, I wouldn't mind at all if that's true, since that will mean I won't see many others where I live, and the resale should be improved by that.
The dealers do not seem to be moving as much on the coupes, and my dealer said that they've already stopped taking orders for MY2015 F-Types. Any orders they take now will be for MY2016 vehicles. He also said that they are cutting production numbers on the F-Type in anticipation of a slowdown in demand and also to support a ramp-up in production of the XE. It sounds like Jaguar intends to keep the F-Type a vehicle with some exclusivity to ownership. This is all from a dealer, mind you, so take it for what that's worth. Personally, I wouldn't mind at all if that's true, since that will mean I won't see many others where I live, and the resale should be improved by that.
It's always fun talking to Sales Execs that haven't done their research. Almost as much fun as talking to their putative "Boss" when you insist on negotiating with them as the Sales Exec keeps referring their latest negotiating position "upward".
#22
11-15-2014, 08:47 PM
I leased a V6 S in Atlanta about 6 months ago. Pricing can definitely vary by dealer. When it was all said and done, I put down 20k and have 35 payments of $455. My goal was to get into a 36 month lease and pay 36k. I just made that goal. MSRP was $92,500. The V6 and V6S are definitely the lease sweet spots as far as residual value. The V8 came out $250-$300 more per month.
On a side note, I have been leasing cars for about 10 years. I always walk in with the mentality of "net pricing", which is my case was 36k for 36 months. Salesman will put 10 different spins on the same exact payment all day long. IMO, stick to the net and you got a shot...
On a side note, I have been leasing cars for about 10 years. I always walk in with the mentality of "net pricing", which is my case was 36k for 36 months. Salesman will put 10 different spins on the same exact payment all day long. IMO, stick to the net and you got a shot...
How many miles a year for that lease price you got... I'm starting to look at the S now.
Thanks!
#23
11-15-2014, 10:43 PM
Veteran Member
I leased a V6 S in Atlanta about 6 months ago. Pricing can definitely vary by dealer. When it was all said and done, I put down 20k and have 35 payments of $455. My goal was to get into a 36 month lease and pay 36k. I just made that goal. MSRP was $92,500. The V6 and V6S are definitely the lease sweet spots as far as residual value. The V8 came out $250-$300 more per month.
On a side note, I have been leasing cars for about 10 years. I always walk in with the mentality of "net pricing", which is my case was 36k for 36 months. Salesman will put 10 different spins on the same exact payment all day long. IMO, stick to the net and you got a shot...
On a side note, I have been leasing cars for about 10 years. I always walk in with the mentality of "net pricing", which is my case was 36k for 36 months. Salesman will put 10 different spins on the same exact payment all day long. IMO, stick to the net and you got a shot...
#24
11-16-2014, 12:32 PM
Senior Member
I'm doing a 36 month lease. My Money Factor is .00059.
I haven't ever done a lease with one of my Jags I've got to check on Gap.
If it's not included in the lease I will purchase it. As shift said it will take care of the remainder of the lease if the car is totaled but down payment is lost.
I haven't ever done a lease with one of my Jags I've got to check on Gap.
If it's not included in the lease I will purchase it. As shift said it will take care of the remainder of the lease if the car is totaled but down payment is lost.
#25
11-16-2014, 01:03 PM
The Gap insurance market is probably significantly different over here, but the specialist firms are <20% of Jaguar"s price.
As to how much to get and what type, that's going to depend on the gradient of the finance line vs. the depreciation curve.
In the UK, another factor to consider is that most comprehensive policies provide new for old replacement for the first 12 months, so you can defer the start of the policy.
As to how much to get and what type, that's going to depend on the gradient of the finance line vs. the depreciation curve.
In the UK, another factor to consider is that most comprehensive policies provide new for old replacement for the first 12 months, so you can defer the start of the policy.
#26
11-16-2014, 01:21 PM
I'm doing a 36 month lease. My Money Factor is .00059.
I haven't ever done a lease with one of my Jags I've got to check on Gap.
If it's not included in the lease I will purchase it. As shift said it will take care of the remainder of the lease if the car is totaled but down payment is lost.
I haven't ever done a lease with one of my Jags I've got to check on Gap.
If it's not included in the lease I will purchase it. As shift said it will take care of the remainder of the lease if the car is totaled but down payment is lost.
Jaguar Financial aka Chase includes gap on all their leases. Thats a nice subvented money factor as well (%1.416).
#27
11-17-2014, 12:35 AM
Senior Member
Yes, I was glad the lease was subvented. That is the thing that made the decision to lease the F-Type easy. I don't keep a car long term so the 36 month lease works fine.
#28
11-17-2014, 02:41 PM
Trying to get a V6 S with 10k miles a Month MSRP is $93,800
With JCNA what should I be able to get this down to with a 36 month lease with 0 down.
Residual is 55%. MF is .000135
I think I can hit 1k a month? Invoice is like 85k
Any thoughts would be appreciated. First dealer who would trade for the car said they only do 1k off MSRP and that's as good as it gets. Surely can't be correct? It's a coupe
With JCNA what should I be able to get this down to with a 36 month lease with 0 down.
Residual is 55%. MF is .000135
I think I can hit 1k a month? Invoice is like 85k
Any thoughts would be appreciated. First dealer who would trade for the car said they only do 1k off MSRP and that's as good as it gets. Surely can't be correct? It's a coupe
#29
11-19-2014, 11:13 PM
Senior Member
Trying to get a V6 S with 10k miles a Month MSRP is $93,800
With JCNA what should I be able to get this down to with a 36 month lease with 0 down.
Residual is 55%. MF is .000135
I think I can hit 1k a month? Invoice is like 85k
Any thoughts would be appreciated. First dealer who would trade for the car said they only do 1k off MSRP and that's as good as it gets. Surely can't be correct? It's a coupe
With JCNA what should I be able to get this down to with a 36 month lease with 0 down.
Residual is 55%. MF is .000135
I think I can hit 1k a month? Invoice is like 85k
Any thoughts would be appreciated. First dealer who would trade for the car said they only do 1k off MSRP and that's as good as it gets. Surely can't be correct? It's a coupe
, he decided to discount it a little.
#30
11-21-2014, 10:57 PM
Senior Member
#31
11-22-2014, 02:49 PM
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#32
11-22-2014, 02:51 PM
Veteran Member
#33
11-22-2014, 03:14 PM
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#34
11-22-2014, 03:38 PM
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