Just curious, how many of us purchased or leased our F Types? I made a decision, this time around to lease. I was influenced to do so because of Jaguar's 2015 special leasing program.

 

I bought. Always buy. I tend to keep my cars for a long time, and I love to drive. I'd never be able to lease any car with a mileage restriction.

My 2003 Nissan 350Z is still going strong with 225k miles, and the first 100k miles were on it in the first 4 years.

 

I am purchasing. The only time I ever leased, I was able to write it off as a business expense. Out of curiosity, how long is your lease and how much is the buyout option at the end of the lease.

 

I always lease. I like to change cars every 3 years so less of a hassle with a lease. Just negotiate the terms correctly so it's almost the same as a loan.

 

i leased as well. i always change out cars every few years and with jag's lease rates at the time, it made it a no-brainer for me.

 

with jaguar, more people lease. I think consumer reports just posted stats saying jag is the overwhelming leader in leasing....i'm guessing partly because repair is so expensive. People on here talk about purchasing their f types which blows my mind

 

for mine, the lease payments were $600-700/month less than the equivalent loan at 1.9%.

 

i bought my R. plan on keeping

 

I purchase mine. Residuals were not great, the leases assume 10k miles, I do maybe 6k. And I prefer to upgrade every 2 years.

Leasing doesn't make sense for me. It would cost more.

 

Purchased.

 

Purchased--hate monthly notes.

 

I get around this by leasing for the first half of the purchase and then buying the car in stead of turning it in. The mileage doesn't matter if you buy out your own lease at the end.

The cheapest money is on the lease because it is subsidized by the manufacturer. you can end up paying less than 1.5% interest on the first half of what amounts to a $100,000 loan. The residual will be around 50% of the car's initial value.

Also on a lease you are not financing the sales tax which is a substantial amount here in Washington. And if you are self employed you can write of the lease payments.

Then on the second half, you can get a credit union loan on your own used car, or often the leasing company will offer financing for a lease end purchase.

This to me is the cheapeat way to buy a car in this price range.

 

I leased as well. Also the lease specials on the 2015s through Jaguar are excellent right now. I will probably upgrade in 3 years anyway.....

 

I leased. I used to always buy, then I went through 3 cars in less than 6 years. Realized it was a hassle to have to sell/trade-in a car every 2 years. Leasing makes sense for me since I don't plan on keeping it, want the convenience of just turning it in. And I don't need that many miles. My lease is 12K/year, probably end up putting 9K on it with some extended trips.

 

Purchased. Enough equity to get out whenever I want, always before warranty ends!

 

Good info. I will keep it in mind for my next vehicle. Due to an insurance payout, I was in a position to pay cash and have no note. Also, in Texas, since I itemize my deductions, the state sales tax I paid is a write off on my federal taxes.

 

My monthly payments after the first month will be $0. That first month, though, is a killer.

 

No kidding! Although they let me put $3K on Visa.

 

Lease term is 39 months, as the residual is the same at 36 which allows you to amortize the cap cost over a longer period.

Dealership reduced the cap by almost $5K and the factor used for the residual was slightly over 50%

I selected 10K miles per year as I customarily drive the "third car" around 8,500 annually.

If you sell your car for an amount that exceeds the residual, at the end of the lease, you can pay off the residual and pocket the delta.

 

Lol