My lease is ending later this year on my 2018 F-type. I still can't find any other car I'd rather drive so I'm starting to seriously consider buying out the vehicle at the end of the lease.

Trying to find out if there are any options available to the dealership in terms of selling the vehicle to me as a CPO to both get the extended warranty but also perhaps more favourable financing options for the buy out?

In the event I do not buy it out, how difficult has Jaguar Canada been with their pre-lease return inspections? Anyone with experience they'd like to share?

 

Hi I just got one 2017 xjr with low k I think thay look at k and the service done a the car for a cpo

 

IIRC, for a CPO, they do an extensive check, which is paid for by the buyer (it is rolled into the sales price). Talk to the dealer and see what they will do.

 

I was in the same situation with my F-type and chose to buy it out. First, my lease-return ($57K) was substantially below auction value (~$65K at the time), as the selling dealer attempted to offset upfront discount ($8K dealer discount on top of $10K JLR promotion) at the back end of the lease. Second, I enjoyed the car and would have likely got into another F-type, as such cost/benefit of existing vs. new F-type pointed toward keeping mine. Why eat initial depreciation second time for essentially the same car? Third, and unique to my situation, they dropped the ball on 2019 allocations and couldn't order me another MT.

CPO was available and quoted to me at $4.5K. I decided to chance it and go without.

Keep in mind, when you buying out it counts as a sale. So you have to do safety, get new ownership papers and so on. For this dealership will charge you processing fees, and you have to pay taxes on residual. I argued, and dealer obliged waving all fees except direct costs (plate tags, safety). YMMV.

 

Check what your trade-in (auction) value is and how it compares to your lease residual: https://www.canadianblackbook.com/Ja...rade-in-price/

 

Thanks for this. I'm assuming they wouldn't offer you any JLR financing rates unless you paid for the CPO?

 

I did not use, or even ask about, dealer's financing when I was buying out my lease. It might be worthwhile to shop around for financing if they make it contingent on other things. Generally, there is nothing, other than greed, preventing them from offering you straight financing at a rate you would qualify for with no strings attached.

 

My last 3 cars were CPO purchases. And due to the servicing benefits, my next one will be as well.
The last financing was through JLR, underwritten by a major bank. But the discount through JLR was great!

 

Dave, keep your "known" ride. My dealer says the value of the CPO extension you received is about $4k