Hello, what type of lease payment should I expect for my f-type coupe? I'm trying to figure out how much I should expect to pay. I plan on getting the base model with pleather seats (not the default suedecloth (+$500). I'll be leasing for 39 months @ 15k miles/year. No money down.

 

Jaguar USA current lease offer for the base convert is:
$749/mo - 39 MONTH LEASE, $4,995 + TAX, TITLE AND FEES DUE AT SIGNING, $0 SECURITY DEPOSIT

F-TYPE CONVERTIBLE

Just did a comparison with PenFed payment saver (Lease like payments but you own the car with no restrictions)
For the base coupe and seats you mentioned, no other options. $65,500 MSRP for a 36 month payment saver loan. *No tax factored in

Make JAGUAR
Year 2015
Model F-TYPE
Body 2dr Cpe
Residual Value $48,425
APR 1.24%
Monthly Payment $533

 

Thanks Lynx. The coupe is $4k cheaper than the vert. I think a general rule of thumb is to adjust the lease by $30/month per $1k cap cost reduction. So 4 * $30 = -$120/mo. Based on this logic would you expect the coupe lease to be $120/mo less than the convertible?

Also based on all the reviews I've read, everyone seems to prefer the coupe over the convertible so I wonder if the residual will be higher on the coupe (better lease rate)?

I've read some posts here that show that several people have already put in orders for coupes. I'm assuming that most of these orders have been purchases? Or have any of these been leases based on the assumption that, upon delivery, the lease rate will be about the same as that on the convertible?

 

Hi Lynx, I just saw your followup post with the PenFed payment saver calculation. That's one helluva deal!

 

I'm not sure what the lease offers will be for the coupe or if anyone has negotiated one yet. They are only showing 2014 offers on the website, no 2015 yet. I don't suspect that the residual will be higher than the vert percentage-wise.

As for Penfed, it is a great option to get more car for your money if the dealer lease options aren't that great of a deal. I've purchased two cars through them so far. One just a regular loan, and my current car I did the payment saver loan. I plan on doing the same for the F-type. To become a member all it takes is a $20 donation to the Red Cross. Or you get membership if you have a military background.

 

Thanks Lynx. I like leasing because I'm always ready to turn my car in after 39 months. Sounds like I won't have that option with PenFed payment saver.

Also, I calculated the residual and it's
74% which seems a bit inflated. Do you think that the residual is realistic? In other words, do you feel that the car could actually be sold for $48k at the end of 3 years?

The payment you provided seems about $500 cheaper than $1100/mo that a few jag dealers have predicted. If I put that $500/mo into a savings account over the course of the loan, I would have an extra $18k at the end of the loan. I would be really surprised if I couldn't sell my 3 year old f-type coupe for $30k so I guess the risk is low.

 

With PenFed you don't have anyone to turn the car into after the initial (lease). It's your car so you can sell, trade, or purchase (refinance).

Residuals are purely educated guesses. No one actually knows what the car will be worth after 3 years. Here's a fun example, when the R8 came out it was leased with a residual of ~$75k. 3 years later and some of those initial leasers sold the cars back to the dealerships at the original MSRP. They basically got their 3 years worth of payments back because the car didn't drop in value. A free R8 for 3 years. No one saw that coming.

 

Jag guy, out here in Souther California I negotiated a deal for a base F type vert for $800 a month plus tax, zero down drive off including the first months payment. Even though the coupe is less expensive not sure if dealers will be discounting them right away.

 

Thanks LA - I called a couple dealers this morning and they didn't seem eager at all to play ball on the f type coupe. They were more like "**** they're not even out yet." One dealer even gave me an off the cuff estimate of a 4-6 month lead time.

I think I'm going to find a dealer with slotted allocation and pull the trigger next weekend. Once these bad boys hit the street I'm guessing that demand is going to go through the roof #gottahavethecoupe

 

Not picking on you, but people who call dealers on the phone and don't get a warm and fuzzy response and then are baffled by it... Confuse me. What do you expect?

 

Actually New2Jag, getting someone to personally call a dealership is the most sought after lead for a dealership outside of getting them physically onto the lot. Getting blown off during a phone inquiry is a very poor sales tactic. I build auto dealership websites and software for a living (including for Jaguar) and while getting email lead submissions are great, they really want your phone number.

I can feel jag_guy's frustration though. I went through that 2 years ago trying to get my Audi. It really seemed like some dealerships just don't want your business even when you hand them a sale on a silver platter.

 

Reviving this thread, I'm curious what people are paying for leases today. I went to a Jag dealer the other day and the numbers they gave me seem high, but maybe I'm missing something. On Jaguar's website the cheapest lease they have listed is for 33 months $3500 down + other fees totaling $5000 due at signing, $629 a month based off an MSRP of about $70,000 (Convertible).

I looked at the base model coupe, MSRP of $65,000 and the salesperson told me a 33 month lease would be $591 with $12,000 down (inc fees). What am I missing here? I guess I didn't go through the detailed numbers with him but how can his payment be about the same with putting almost double down.

These are for 17's by the way. I asked him about looking at one that is a year or 2 older as well and he said it would be more expensive.

 

Why lease and not buy used? Just curious. It seems in America leasing is always the most common form of getting a car; is it because you always want something better or does it make sense because luxury cars are costly to maintain?

 

It's risky to buy a luxury car that doesn't have an established used market. When I considered selling mine, I learned just how low demand is for these cars.

Leases are low risk. For many reasons. One that doesn't come up often is how little we lose when someone hits our cars. If I owned the car, I just lost a lot of value in a single moment.

Lease = peace of mind

 

Would anyone be interested in taking over my lease? I am located in Los Angeles:

$74k MSRP
Payment is $58x before tax
Glacier White
6 speed Manual
Currently has 2700 miles on it

 

'16 or '17?
base or S?
coupe or vert?
options?
interior color?
time and mileage left on lease?

 

also if leased through Chase, they do not allow for transfers

 

16 Base Coupe
I know it has blackout package, active exhaust, dynamic mode and upgraded wheels.
Interior color is white.
33 months left through US Bank.