F-Pace Leasing - Help!
 

Hey everyone,

First time about to lease a Jaguar F-Pace. I have leased BMW 3 series for years and always got a good lease deal.

Lately I have been looking at a dealer near me and he quoted me $681/month on a $53,300 2017 F-Pace. In my opinion, that is NOT a good deal.

What are your thoughts and what are you paying for leases?

we need more information of your lease deal to know if its a good one or not. There are SO many factors that go into a lease number, you cant just compare monthly costs.

miles? months? is the 53,300 the final price or MSRP? if its MSRP, what was the final negotiated price? any money down? is taxes included?

The lease was factored at a negotiated rate (which I didn't negotiate, they just came back with this number) at $51,818.

It is for 10,000 miles per year for 36 months. $1,000 down.

The money factor is .00034.

The "adjusted residual" is $28,791.72.

This tells me the residual is 55% which seems very low from what I researched.

Let me know your thoughts!

That's not a good deal. I'm not sure how exactly the F-Paces lease versus the XE, but I got a $57,500 msrp XE R-Sport, sold for 52,500, 0 down for 550$ a month.

Yes I agree the residual is quite bad...

Try to shop around other dealers via email. State a price you want to pay with 0 down and see who gives the best deal. That's what I did.

Just got this deal from the dealer. I had not made the purchase, but am considering.

MSRP: $68,480.
Selling Price: $66,200
Residual 54%
Miles per year: $10,000
Money Factor: .00029 (these have gone up since Augusts ridiculous rates at .00001)

Monthly Payment $842 + PA tax.

What do you think of this particular deal? I know it's outside the 1% rule, but with the current residuals, the lack of discounts, the lack of incentives, I really don't think it's possible to get any lower.

Let me know your thoughts!

I think that's a terrible deal. If you really want the car right now then you might have to fork up on this. Out of curiosity, have you contacted any dealers out of state? Just to make sure these particular dealers aren't snagging you.

I was looking at an Audi S3 and a TTS and those prices were just as bad for a lease. That's one of the reasons I went with the Jaguar instead... plus the car just gives way more emotions than a German car does (as great as they are).

The MF is great. You are only paying $30 a month for financing, or $1,077 over the life of the lease. Not as good as 0.00001 but still almost free money. Trouble is the residual on these cars is just low, especially as you get into the high MSRP ones. So you are paying a lot more in depreciation ($812 per month). I don't think there's much room in the residuals since Jaguar's best published lease deal assumes 54%, so that leaves the discount. But even if you get another $1,000 off, your lease payment would only drop to $814 pre tax because of those residuals. I just don't see you getting below $800.

My calculus was that if I really want one of these cars, then I'm going to suffer the depreciation whether I lease or buy, so I negotiated the best sales price I could, then took the lease with $0 down. Even with the $795 inception fee (paid up front) and $300 buy out fee it still made more sense than buying given the MF.