I'm about to finalize a lease tomorrow on a 2017 Premium F-Type convertible and would appreciate some feedback. The MSRP is 85K and they are offering 5K off. Based upon what I've been researching that appears to be fairly reasonable for a 2017. Curious to hear what others think. The money factor being offered for excellent credit seemed high, it translates to 5%. I understand that they go through Chase bank exclusively and that I do have the choice to get my own financing. That being said, historically have rates ever been that high with Chase? I've never leased before. Thanks for the help!

 

what are the actual lease terms they are offering you? Monthly payment, how long, downpayment, mileage limits, etc?

 

39 month lease, 7500K mile limit, $1100 monthly payment. Zero down except for first month's payment plus registration/title fees and a $550 dealer fee which totals $1750. I believe the residual was set at 62%.

 

I use my MINI for the daily commute. I still can't help putting more than a 1000 miles/mo. on the Jag. That 7500 mile annual limit is totally inadequate given how much fun the car is to drive.

 

He said 7500K - that's 7,500,000 miles per month, which should be adequate. I agree with Lance - I store mine for 4 months in the winter, and still put 8000 miles per year on it. To be fair, I do a 2000 mile round trip to the Midwest every summer. But still, you're likely to be paying for extra miles.

 

To the moon, Alice, to the moon.

 

I don't know, with a car this fun I might put on 7,500,000 miles per month lol. Thanks for the correction My office is only two miles away, I'm also keeping the XF, and based upon what I currently drive the 7500 annually might be enough. But I appreciate the caution you are advising.

 

That's a highway robbery. Do not agree to these terms, 2017 or not. It's just ridiculous what they are trying to pull.

 

See if you can find a 2016. Jaguar added some more incentive cash to aged 2016MY cars.

 

What makes it highway robbery? Only getting 5k off MSRP and/or the money factor? Residual is set by bank and therefore of course non-negotiable. Are others getting a lot more than 5k off base 2017s?

 

Residual sounds about right. There is no incentive for the retailer to discount more on a 2017 as JLR is swamped with aged 2016 inventory. All the money is in 2016.

 

I'd love to find the swamp with the 2016's - so far haven't found many (at least in the coupe variety) :-(

Seems some of the dealers are playing bait and switch to sell the 2017...

 

There's very few 2016s on the lots near me, and certainly none that are what I want. I'm not willing to look out of state, so if I want to buy now I'll have to negotiate on a 2017 with the understanding that they aren't going to take as much off sticker price.

 

I'd look out of state still. Otherwise you may end up paying fully loaded F Type R money on a V6