I should but I'm just lazy to grab and look through all the paperwork.

To be clear to everyone, I paid $0 down and $950 a month or $20,000 down and ~$400 a month.

 

He got a shitty deal and thats why he doesn't want to reveal the details. Why post if not to give others insight or help?

 

Generally the tilde symbol (~) means "approximately" which indicates that he is paying approximately $400/month with the $20K down because the leasing rates of $950/month was with zero down. This leaves an ~ $35K payoff balance over the lease duration.

If the OP then puts ~$20K down, the leasing balance is low enough that he could well have only $400/month payments as he only has to pay of the outstanding difference of $15K over the lease period.

 

That's pretty rude to be honest.

 

And also not accurate (and new to this site so hopefully his delivery will be more kind/thoughtful in the future). While some think that putting a huge chunk of cash down would disqualify it from being a "good deal", that limited viewpoint dismisses the fact that this buyer DID get a large chunk of discount AND a viable money factor.

Having to put money down on a lease is not part of that determination. Yes, he DID get a "good deal" on the price itself. On the lease terms.. not so much due to having to put any money down on a lease.

However, others have made the point in other leasing threads on this site that regardless of WHEN you pay the funds, the end result is the same. Putting $20K down and paying $15K over the term of the lease is the EXACT SAME amount of funds as paying zero down and $35K over the lease duration. You are simply "renting" a vehicle for the pleasure of it because leases are NOT an "investment. The only difference is WHEN those $'s were paid and since a lease is not an investment, the time-money factor is not... lol... a "factor"

 

Citing the total cost / net outlay figure for a lease makes comparing them a lot easier, especially in ambiguous online discussion. To some, "$0 down" means they didn't spend one cent at the dealer to drive off with the car. To others, it really only means "$0 cap-cost reduction" but they paid taxes and fees upfront. Then there's the payment...does it include tax or not? Many states tax the actual payment itself.

It's a bit plebeian to get into a pissing match online over who got a car cheaper. Also, if you have to go outside your local dealership for the deal, the headache and cost associated with travel and transport negates everything.

For the record, net cost for my SVR with an MSRP of $130,908 is $36,879.04 over 33 months for 7,500 annual miles. How much "down" is insignificant with a MF of 0.0001. Had I put down $3K or $30K, change to total cost would have been $9.69.

Could I have done better had I shopped? Sure...but I didn't wake up that morning planning on getting another car and I didn't care to negotiate at length. I was happy with the numbers I was presented, so the deal was good to me.

 

The reason money down leases are "frowned upon" as bad deals is the position you are in if your car is totalled out early into the lease. GAP insurance will make the leasing company whole but you won't recover your downpayment. You might be able to stomach losing $2K but $20K that would be a bit of a horse pill....

I agree if you make it through the entire lease, whether you paid it up front and got reduced monthly or effectively rolled it into the monthly by paying zero then it's a wash. But sh*t does happen and it's not always your fault a car gets totalled...

 

Wonder who gave you the idea...

BTW, is this Thread serious? $20k down on a lease, am I reading this correct?

 

IMO when anyone talks about a lease they should just put the total to be spent from beginning to end, (upfront plus future payments and whatever it takes to close the lease) right out there. That is how you get the full picture. Anything else is misleading, period, and just leads to three pages of debate about whether a deal is good or not, due to inaccuracy in the information or how it's perceived. There's really only one number that matters IMO - total cost of ownership from start to end.

 

Great point and I totally agree. I was on the edge for a while deciding whether or not to go with this lease. In the end, I thought I should. If it really was true that I didn't have enough credit history that the bank wouldn't cover totally for a $150k car, it doesn't matter who I go to because they'd still ask for a 20k down payment.

After this lease I shouldn't have to put down any money, hopefully!

 

TOTAL PAID $31,375.43
MSRP $147,945.00
TERM 33 Months
MILES 10,000
EXACT MODEL 2017 F-Type SVR

That's odd. I wanted to edit my original post with these numbers but I couldn't.

 

Three year lease?

 

Sorry, forgot to add just added. 33 months and 10k miles

 

So, now I'm able to easily give my opinion... "Renting" the SVR for 33 months for 31000 total cost over that time ... sounds like a really nice deal to me.

 

36 month lease?

 

New to forums, and a new SVR owner. First off, wanted to congratulate Mystic on his new ride...shes a beauty.

Just wanted to also share my deal experience. There are good deals out there. Was able to purchase a 2017 Black SVR msrp 130k, out the door for 87.5k. Now the fact that we just purchased the wife a blacked out, decked out R sport F-pace three months earlier might have played a part in the really good deal i got, but who knows.

Coming from a 2013 GT500 with only 12k miles, I really enjoy the AWD on the SVR and being able to plant the accelerator without worry of the rear wanting to let loose, especially in the rain. I think the F-types are one of the most gorgeous car designs put there right now, and that exhaust note is just opera. Leaves me smiling each time, never regretting the trade-in.

 

Congrats! Such a beautiful car! love the color combo and that interior is 10/10

 

congrats to you!

2017 f type svr in red
i got dealer down and he proposed: 33mo.......3000 down...... and 15000 miles.
sounds good to me but wanted your opinion.
thanks in advance
Robbie

 

Hard to say without the balance of your information. Final Price & Monthly payments would be needed for this forum to weigh in on your deal

 

The first $13k on SVR is JLR money, don't think it is on a lease. So there a some out there in the low $90's.