Hi guys. I would appreciate any advice. I was searching for a new f type convertible. I was looking into the base or even the s, I never considered f type r. Long story short, the dealer had 2016 f type r convertible that wasn't selling I guess. The msrp is $110,000. They want to give it to me for $85,000 with 100,000 mile warranty. But knowing the horrible resale value of jags, I was looking into leasing never purchasing. They want to give me 39 month 12k miles $9,000 down with $1,080 per month. They told me that I drive the car dor just one year and either sell it back or return or go to carmax since I was never looking to drive type r anyway. He says since I'm getting such a big discout off of msrp, I have so many options to actually make profit. I didnt call them back yet and the sales rep just left me a message, I think they might give me even bigger discount. Any thoughts guys?? Please help!!!! Thanks.

 

$9k down and $1080 per month for 12 months then hand it back - so basically $22k for driving an F Type R for a year - sounds expensive. I would rather purchase at $85k.

 

How long is the warranty? Why the unusual 100k? Factory warranty already started? That lease is no good deal as 9k down is a whole lot for a lease. The price would be good for new off the lot, but used it should be lower.
Larry

 

I agree. Even with drop in resale you would be better off purchasing with this deal.

 

Thanks so much for quick replies guys. I just talked to the sales rep. It sounds like they can go $30,000 below msrp. Giving it to me for $80,000. Like I said, I was never looking into f type r. The only reason I would consider going with f type r is if I have equity and make money off of it. Is there a way for me to drive this only for a year and turn it in or sell it for some cash profit?? Doesn't matter whether it's a lease or purchase as long as I make profit. I wouldn't think so with jags horrendous resale value even for a rare f type r convertible. I live in California btw. Thanks a lot guys.

 

If you were to make money off the resale of an F-Type you would be the first.

 

That is a horrendous lease deal.

 

As others have stated, that's a terrible lease deal.

Here are some things to think about.

That 2016 is "almost" 2 years old now. People were buying 2016's in late 2015....and now it's going to be 2017. So technically it's not, it's 1 year old, but then take a look at what 2015 R's are selling for as some sort of comparison for resale value.

The first year it's going to lose about $25k. So since you're getting it at $30k off, plus taxes, you're basically getting the first year of depreciation eatin' by them instead of you. So then one year from now you're looking at selling a 2 year old car, and I bet the payments are keeping up with depreciation there. So I think after one year of ownership, on a 2 year old car (going on 3), you'd probably be even. Maybe just slightly above water. Looks like you're saving yourself from having to eat depreciation, but not sure you'd be making any money on it.

Of course every market is different, so who knows.

 

I doubt you will make money on it. How many miles on the car and how many years/months left on the warranty? It's doubtful you can recover the taxes paid on the selling price even with the discount you're getting.

 

Why own for just one year? At $1450/mo (no money down, no mileage limit) it's yours free and clear at the end of 5 years (and still a riot to drive).

 

Mercedes of Atlanta sold a 2015 Salsa R w/ <6k miles apparently in perfect shape for $67k last week. They replied to my inquiries AFTER selling it of course.

People who don't have a ton of money to fling around need to be smarter than to waste resources on any car lease. With the exception of work vehicles, leases are for suckers (imo).

Instead, get pre-approved at a credit union and go out and find a nice pre-owned F-type - preferably from a private party. Let's face it - the 'retail experience' sucks.

Frugal isn't about rich or poor. It is about smart.

 

Unless you can get an employee PIN and get a really great deal :-)

 

One thing lease gives you is an exit strategy. I leased F-type (first lease in many years) because I weren't sure of Jaguar reliability and was too wary of getting stuck with a $100K prince of darkness/lemon. Now, turns out F-types are reasonably made, but who knew? They were making absolute dogs just few years back, but turns out they got their act together now.

 

That's a complete ripoff.
Even without $9K down, $1080/mo is about $100 too much.


No money down, no money at signing (as in they pay all the fees AND your first monthly payment) and $1000/mo should be the MOST you settle for.

 

Why not just ask them to pay you to take it off their hands!

 

If you never sell it, you never experience the depreciation.

 

Who is this guy? Joined today and clearly has no love for Jaguars..

 

Maintenance is cheaper than on my mini or any other BMW for that matter.

 

Ignore the trolls and they'll disappear.

 

Maintenance definitly cheaper than our Maserati Ghibli. Just got dealer quote for front pads at $695 than got a 20% discount to $560! This car has only 11,800 mi! Rears have about 2mm left and they are $795 less my 20%! This is for base RWD. Dealer says major complaint from owners. Has some something to do with ABS setup! I can buy pads for $289+ and get a $175 install, not sure it is worth trouble for$100 and car is still on warranty!