Hi everyone,

I'm a new member to the forum, but I'm extremely curious to know if I received a "good" deal from my local Jaguar dealership. Here are the details:

Trade in:
model: 2014 VW CC (lease)
mileage: 32,994
amount owed: 21529.05
*worth noting: the dealer buy out was higher than my personal buy out (21529.05 vs around $17500)
gross allowance: 17750
net trade in: -3779.05


2016 Jaguar F-Type
amount due at lease signing:
rebates/non-cash credit: 1000, cash: 1750

Gross cap cost: 70364.47
Cap cost reduction: 1119.31
Adj cap cost: 65245.16
residual: 47516.70
depreciation: 21728.46
rent charge: 9471.54
total of base monthly payments: 31200
lease payments: 39
base monthly payment: 800
monthly tax: 70
10000 mi/year
purchase option at end of lease term: 47516.70
agreed upon value: 65790.42

So, do you guys think I got a good enough deal to where I should actually purchase the vehicle at the end of the lease? Or should I just return the car at the end of the lease because it will have negative equity? I hope this is enough information for you guys, but let me know if you need anything else I can take a second look at the lease agreement.

Thanks for looking!

 

Oops, I forgot to mention that the MSRP on my Jag was $71995.

Base: 65000
Ultimate Black: 600
19" Wheels: 1500
Premium + Vision: 3900
delivery: 995

Thanks again!

 

Check back in 3 years when the lease is ending. Anything now will be soothsaying.

 

Thanks Dogbreath! Yes, I guess nobody will know what the true resale value will be until the end of the lease, but what do you think about the lease terms in general? Do you think that I received a competitive offer? Just in terms of down payment, monthly payment, etc.

Thanks again!

 

When I went to lease for a $74k F-type vert.
I was going to put $5k down plus $3k rebate= $8k.

My terms where 36 month
12k miles a year.
Buyout $47k at lease end.

My monthly payment was $804 + tax. So it looks like you got a fair deal.

 

Thanks for the info, Kingkong79! I feel a little bit better now

 

If I may, I think you are asking the wrong question. The real question is whether you are happy with the car and with the deal. The deal is already done, so knowing whether you got a good deal or not is too late.

Further, there is no reasonable reply. If we tell you that you got a good deal you have no reason to trust us as we wouldn't want you to feel bad about your new car. If we tell you that you got a bad deal, you'll be unhappy with your purchase.

So, you have an awesome car. You can (presumably) afford the deal you made, so... enjoy it and stop worrying about whether the deal was good.

As for the residual thing, as someone else mentioned, there's no reasonable way for you to predict this.

 

I'm in the same boat. 30 months from now, I plan on taking a look at what is available as far as: 1.) Leasing a new 2019 MY 2.) Buying my leased vehicle 3.) Buying a CPO 2015-2016 Leaseback or 4.) Buying a 2015-2016 MY from a private party. There are too many variable to make a decision on this right now. I like to keep my options open and I will drive ALL of my allowed miles (7,500 per year) on my F-Type.

 

Thanks LobsterClaws and XJL!