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Potential Lease (NJ)

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Old 09-02-2016, 09:41 PM
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Default Potential Lease (NJ)

I have been looking into picking up a Jagaur F-type. I am based in NJ & I need some help.

F-TYPE R to be specific. I have no preference as far as coupe or convertible.

So I found an MSRP of $114k with a selling price of $94k. I called the dealer and asked to have lease numbers drawn up, to be told that the selling price would be $107k if I leased, not their advertised $94k selling price. That didn't make sense to me at all.
Can anyone confirm this is true? I have never heard of such thing to be honest.

I am looking to lease an F-TYPE R, 36 mos, 10k miles per-year, with JUST first month payment out of pocket.

Does anyone have any around number as to what I'd be looking at per-month?
 
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Old 09-02-2016, 09:42 PM
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Originally Posted by mikegg
I have been looking into picking up a Jagaur F-type. I am based in NJ & I need some help.

F-TYPE R to be specific. I have no preference as far as coupe or convertible.

So I found an MSRP of $114k with a selling price of $94k. I called the dealer and asked to have lease numbers drawn up, to be told that the selling price would be $107k if I leased, not their advertised $94k selling price. That didn't make sense to me at all.
Can anyone confirm this is true? I have never heard of such thing to be honest.

I am looking to lease an F-TYPE R, 36 mos, 10k miles per-year, with JUST first month payment out of pocket.

Does anyone have any around number as to what I'd be looking at per-month?
2016 MY to clarify.
 
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Old 09-02-2016, 11:24 PM
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Originally Posted by mikegg
2016 MY to clarify.
This is true. They get a ~16k rebate from Jaguar on the 2016 Type R. You can not use any special financing including a lease with it. Your best option would be to do a jumbo balloon with Penfed. Its called a Payment saver loan. You still take the chase the market could drop on the cars however if you buy it right you should be fine.

Just for comparison I would expect a $114.5k sticker Type R Cab to go for $87.5k.
 
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Old 09-03-2016, 06:22 AM
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This is not consistent with my experience. I leased a 2016, did not use Jaguar's financial services, but still received the full rebate.

Talk to another dealer and see what they say. If there is a specific car you want from dealer A, then dealer B can trade and get of for you if needed.
 
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Old 09-03-2016, 06:47 AM
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The sale price is not valid only if you try leasing through the Jaguar channel. Not true if you go through an independent leasing company.
 
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Old 09-03-2016, 08:25 AM
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Originally Posted by JackMac
This is not consistent with my experience. I leased a 2016, did not use Jaguar's financial services, but still received the full rebate.

Talk to another dealer and see what they say. If there is a specific car you want from dealer A, then dealer B can trade and get of for you if needed.
Which bank did you go through? and which dealer did you get from? I see you're in PA. I am in NJ, so I would get from PA.
 
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Old 09-03-2016, 09:26 AM
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Originally Posted by JackMac
This is not consistent with my experience. I leased a 2016, did not use Jaguar's financial services, but still received the full rebate.

Talk to another dealer and see what they say. If there is a specific car you want from dealer A, then dealer B can trade and get of for you if needed.
Correct the lease deal with Jaguar is not valid. If you have another company lease it then its the same as buying it to them. Which company did you use to lease it?
 
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Old 09-03-2016, 10:11 AM
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Leased it through US Bank. The dealership had the relationship and handled everything. This is for Willow Grove, Main Line, and West Chester.
 
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Old 09-04-2016, 07:38 PM
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I am going to be calling dealers tomorrow.

For $113,000 F-TYPE R.. where do you guys think I can be a month with nothing out of pocket.

10k miles per-year
NJ tax

ALL IN in the payment?
 
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Old 09-05-2016, 06:24 PM
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i think US Bank is the bank jaguar uses.

my last jag lease was through US Bank, i didnt pick it specifically. the dealer did
 
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Old 09-06-2016, 09:09 PM
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Found a dealer with an $111k F-TYPE R. The list the selling price on their website as $86k (only if you buy it). I am looking to lease though. They said they could do $107k selling price (+$3k rebate) to bring the selling price to $104k.

How much lower on the selling price can I get?
 
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Old 09-06-2016, 10:35 PM
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buy it and use penfed's payment saver loan. it's somewhat similar to a lease.
 
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Old 09-07-2016, 09:08 AM
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Originally Posted by ShaunPA
buy it and use penfed's payment saver loan. it's somewhat similar to a lease.
No, I only want to do a genuine lease.
 
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