New to Jaguar.. need advice on what's a reasonable negotiated deal
#1
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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
,
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
![Icon Drink](https://www.jaguarforums.com/forum/images/smilies/icon_drink.gif)
#2
#3
![Default](/forum/images/icons/icon1.gif)
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
,
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
![Icon Drink](https://www.jaguarforums.com/forum/images/smilies/icon_drink.gif)
#4
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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.
#5
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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.
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.
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.
#7
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#8
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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
#9
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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.
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.
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SinF (05-01-2016)
#10
#11
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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.
#12
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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
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
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.
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.
The following users liked this post:
SinF (05-01-2016)
#14
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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
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
![Smile](https://www.jaguarforums.com/forum/images/smilies/smile.gif)
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.
#15
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![Wink](https://www.jaguarforums.com/forum/images/smilies/wink.gif)
Not throwing money away in the form of a downpayment.
#17
#19
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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)
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)
Last edited by 084runnerltd; 05-01-2016 at 01:00 AM. Reason: I have seen the light...
#20
![Default](/forum/images/icons/icon1.gif)
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)
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)