I will be in the market later this year for an F-Type and wondered if people have leased these vehicles. My understanding is that Jag in general doesn't hold their residual value all that great and if that's the case are leases any good on these cars? I believe the theory is the lower the residual the higher the monthly payment and vice versa. Thoughts welcome on leasing new vs buying preowned. Not interested in "buying" new.

For those who have leased, can you give me some indication of what a good deal is? The dealer says something like nearly $5000 down (taxes, tags, etc) and $650 monthly payment. Does that sound about right to people? I'm looking at a V6 or V6 S model and live in the DC area. I expect the money factor to be quite good as my credit is excellent just not sure what the residual would be like on a two year lease with 10k miles/yr.

 

I've never leased a car, but have a recent experience with real-world market value on the base model. Lease residuals are often fiction.

I was thinking about trading my '14 base auto convertible for a new '16 manual, and the dealer offered me 12% less than I paid for it as a trade-in after 16 months and 7K miles. The GM at my Maryland dealer said used base cars were hard to find and in demand. Obviously, buying used from a dealer would result in a significant markup from that number. I decided to keep the car because I like it so much and because it has been flawless. For an additional $6-8K, you could likely buy a new base car.

If this forum is any indication I would guess about the half the people here lease, and the first MY 14 cars probably won't be turned in in any great numbers until sometime next year.

 

I thought this car came out in 2015?

 

$5k down will likely net you a $800-$850 a month payment with taxes for a 36 month/10k miles a year lease. So if the dealer is offering you $5k and $650 I would jump on it with those terms.

 

No, the first cars were '14 models and started showing up in summer 2013. All '14s were convertibles. The first coupes were 15 models, and arrived in summer 2014.

 

According to the website for a base model with $5k down at 10k miles for 36 months is about $700/mo.

 

I don't know about anyone else but I put down my $5k on my 36 mo/30k mile lease but after applied Tax, Title and Tags I was out almost $12k initially. But with that said.... It was worth every penny.... Oh my monthly is 850.00 with A+ credit.....

 

Tax, title and tags cost nearly $7k more?? For that please tell me you bought an R!

 

I wish I could afford an "R". I got a 2015 V6S. Total was just over $85K for the car. Virginia sales tax, dealer fees etc, etc.. All added up to almost another $7k. It's the hidden costs that really add up... The $5K down is just the bait to get you to bite.......

 

Did you get it in the N Va area? If so, which dealer?

 

My take on leasing vs buying (whether buying used or buying new):

- How long do you intend to keep the car? If you like a new car every 3 years, leasing is just much easier to deal with. No need to private sell, no dealer trade-in issues. You know exactly what you are paying and at the end of the 3 years you return the car and get a new one.

- If you are trying to save every last penny, leasing is always more expensive. Unless there are tax deductions involved, leasing is more expensive than buying because right now money is so cheap with good credit (leasing interest is more expensive). E.g., just take out a longer loan (say 6 years) and after 3 years private sell it yourself. But then again, see above about convenience.

 

Brown"s Jaguar in Richmond