Hey guys,

Completely new to the forums and to Jaguar. I've decided I want to get into an Ftype within the next month or so. I was hoping you guys could give me direction to see if my expectations are pretty reasonable for a MY16 in the following configs

1) Coupe or Convertible S - Manual - $700 a month, no money down
2) Coupe R - $900 a month, no money down

If you guys have any suggestions for dealerships, I would love them as well.

Really appreciate it guys and looking forward to being a part of the community ,

 

From the dealerships I visited and numbers I was discussing either of those deals would be phenomenal. Good Luck with your search!

 

If you are offered those numbers scoop one up for sure and relay it to the thread. I think the r will be closer to 1150 a month with 5k down....

 

Why would you put money down on a lease?

Anyway, the best offer in Southern California that I've gotten so far was $1150/mo including tax on a 2016 F Type R ($109K MSRP) for 39mo/39000mi. $0 down, first month's payment at signing.

Not bad, but $900 would require some magic in my opinion.

 

Depends on the state and how they calculate taxes, in my state all of the taxes for the life of the lease have to be paid at purchase.

Perhaps I should have said 5k "due at signing" rather the "5k."

I agree a down payment on a lease is money lost. However, I think in order to get to the 900.00 a month the OP is looking for money will likely have to be brought in at signing....or he will have to accept a higher monthly payment .

OP, please message me if you do get the deal you are hoping for, I will be on the next flight to the dealership to pick up my own at that price.

 

Google "Hornburg Jaguar" in SoCal.....

 

If you have to get out of lease early due to some unforeseen emergency or whim, putting money down makes it a lot easier.

 

No it ABSOLUTELY does not.
Negotiating a lower payment does.

If you get sucked into putting money down on a lease it is your own fault. There is no need to do it whatsoever

 

Maybe I'm missing something but yes, putting down money on a lease does make sense. It lowers you payment as you don't pay interest on the amount you are "borrowing".

In reality a lease is simply a rental car that you need to give back (or buy) at the term or the lease.

You pay $x per month and at the end you get to walk away if you wish.

Lease payments are calculated on the difference of the negotiated price (plus any required taxes and fees) and the residual value.

So for example, lets say that you end up with an out the door price of $100,000. You want to keep the car for 3 years and drive 10,000 miles per year. They use that information to determine what the average car would be worth at the end. So lets say it will be $60,000. This is the residual value.

You are now responsible for paying the difference of $40,000 (what value the car looses while you have it). HOWEVER, all is not free. You must pay for interest on the amount that you are "borrowing" also over the term of the least. They call it a "money factor" and have an interesting method to calculate, but that's exactly what it is.

You can buy a car for $100,000 and have an asset with something at the end
Or rent the asset and only pay for the difference of what it is worth and what it will be worth.

When you are negotiating a lease you can either negotiate down the out the door price or negotiate up the residual value or even the interest rate.

 

Places where making a large down payment on a lease doesn't make sense is if you total the car early in the lease, you will typically lose out as no one pay 100% of the value.

Or if the term is short enough that you don't care about the monthly payments.

 

If you can't get a better return on your money than the interest rate (money factor) you are paying for a lease you probably also can't dress yourself or function in modern society.

I've yet to see any rational explanation for putting money down on a lease.

You generally can't negotiate the residual. It's set by the manufacturer.

 

Now that is something I hadn't thought of...getting a better return on the money you would use as a down payment.

I would agree if you are able to get a 5% return on an investment but the "interest" on the loan is 3% then yes, you should not make a down payment.

But I apparently can't seem to dress myself so well. Lol

 

Totalling the car, as well as having the money in your hands rather than theirs.

IMO in a lease, less is more...

 

Haha I didn't mean anything about you personally, that was just my tongue in cheek way of pointing out that getting a return better than 3% averaged over a few year time period is generally fair trivial. Though of course no guarantees.

It's the reason I didn't put any money down on my purchase. I'll take as much money as they'll give me at 1.9% and for as long as they'll let me have it.

 

My point was that getting an actual low payment should be the only way to lower your payment

Not throwing money away in the form of a downpayment.

 

....so any idea for what type of monthly i should be looking for a S or an R?

didnt mean for my thread to start a down payment or not war

 

For a R lease, around 1200.00...purchase, I think u can do the math

 

they have great deals. will be contacting them!

 

Someone mentioned them in the past, may have been you, I don't recall....

I checked them out (online), lots of F-types R, but all at the typical msrp that you see advertised everywhere else....

Perhaps I was missing something on the mobile version....??


EDIT: I have seen the light...under "specials." (That was a clever spot to hide their special offers)

 

Made the same mistake you did. Unfortunately if I were to get a S, it would have to be a manual and they only have one in a color I do not like. Will see if I can negotiate down the down payment.