2017 Jaguar F-Type V8 R

· $699 /month plus tax

· 33 months

· 7,500 miles per year

· $4,999 due at signing

MSRP $107,145

I'm not in the market for a hardtop at this point, just informational.

 

Never pay any money down on the lease.
Terrific dealership, I bought 2 cars from them (Mission Viejo one), not one $ downpayment. My F Type R I got just for my signature.
Negotiating a lower lease payment should not include money down.
Ever.
Period.

 

You didn’t need to pay first month + fees?

 

Pass.

I don't get why people put money down. It should be at the most first month's payment and fees. Not to mention Jaguar has a TON of incentives on F-TYPEs right now.

 

No sir, Jaguar covered both.
So, instead of making 33 payments on my lease, I will end up making 32.
And I got 12000mi/yr, not lousy 7500

 

No one likes a show off... But I'm sure they would like details on how you talk dealerships into these kinds of arrangements.
Asking for fellow forum members. I like putting money down 😜

 

I’d love to get a deal like that on a SVR

 

Want to know if you getting best? Thank them and walkout if sales manager does not come after you they are done and keep walking, they have your number!

 

On a lease? Really ? ?

 

I don't see that it much matters. It's just a matter of when you part with a bunch of money you'll never see again. Time value of money is somewhat meaningless at these low interest rates and being at the peak in the equity markets.

 

Negotiations?
The only way really to make a better deal. Not just on cars.

There is a mistake#1 there, in my humble opinion.
Why put money down? I never understood the concept.
Why part with your hard-earned cash in exchange for nothing?

 

There were going for $1200/mo with $0 at signing for a while. 2017s were on the way out, Jaguar was pushing hard to sell these cars. Recently though I heard that $1600/mo with $0 down became a new sort of normal. Too much, no?

 

...was going for a tongue in cheek comment, didn't work I guess...

 

If you don't want to put money down...then you don't have to.

If they're asking for $5k down, you can put $0 down. They'll increase the monthly payment by roughly $30 per $1k. Money down is just a cap cost reduction. Without it, your payment goes up.

I'm not sure why everyone is making a big deal about the money down part...it's easy to make $0 down. Lets say it was $700 a month with $5k down, that makes it roughly $850 a month with $0 down. That's a pretty darn good deal on a new F-Type R.

($700 per month w/$5k down or $850 per month with $0 down is the same deal).

I agree with putting $0 down on a lease. Everyone's got their opinion on money down vs. no money down, just as everyone's got an opinion on buying vs. leasing. Sometimes it's what suits you best, sometimes it's what's the "smarter" thing to do. In my opinion, for several reasons, $0 down on a lease is the way to go.

 

I am in the market for a new R, and was seriously considering calling Hornburg... until I noticed that the Manufacturing Date of the car was 2/2016. This car has been sitting in a dealer parking lot for more than a year and a half! Not sure whether it matters and I am probably a fool for not going for it, but somehow it feels wrong. Anyone has a view on this???

 

That it’s a new car and can be had for a substantial discount.

 

Its still just "paying rent" as you won't have anything left at the end of it other than a grin. You are paying your amount over 32 months. The other guy is paying the EXACT SAME amount but he puts more in ...UP FRONT (if he puts money down) so not certain why you think you are any more "high and mighty" than he is. The only difference is WHEN each of you pays those $'s

As others have pointed out $699 + $5K down is the same as ZERO Down and $850/month. Get off your high horse because... its only your PERCEPTION that is high

 

Not really a problem. More of an incentive for them to sell actually. You can get a tremendous deal on it now, since the 2018s are rolling in and they actually look different than 2017s
Also, it's still considered a new car, so it has a full warranty.

 

Erm, no:
Let's run some math based on what we know:

Money down=$5000
32 payments of $699+tax (8% or so in Orange County)=$24157
Difference in mileage based on 7500mi/yr vs 12000mi/yr over 33mo at $0.30 per extra mile=$3712
Total spent on lease over 33mo at=$32869 or = $996/mo or so

Not exactly a great deal, considering the 2018s are rolling in. That's why one must negotiate.

Why not pay the same amount without putting ANY money down was my question.

I apologize for not making it easier to understand for some, but hey if one can't do basic lease calculations, they should not complain about being talked down to

 

While it is up to each person to negotiate the best they can, the numbers will actually end up being the same in the end (assuming the same negotiated value) because that dealer is going to get that negotiated amount regardless of how it is structured. Some might like a lower monthly note because the only thing his wife sees is the monthly payment. Others might not care about a higher monthly payment if they don't have to put any money down on it.

There is one area where putting money down on a lease can bite you and I am surprised that as a knowledgeable leasing guy you didn't point it out to bolster your position. That is should a wreck occur in the middle of the lease period. GAP insurance covers the leasing company but the person leasing is essentially screwed out of their deposit (as I understand it) so for that reason alone it may make more sense to put as little down as possible and simply bite the bullet of the high monthly payments.