oops... sorry..
monthly is 1000.....i beleive final price was 109k

 

So to recap..since i forgot to out vital info
im offered on red f type svr:
car 109,000
33 months...which i ask for
3k down
15000 miles which i ask for
1000/mo.
New to this..
what do u guys think?
sounds good to me?

thank you

 

It always surprises me when people come on these forums AFTER having already purchased and asked "How did I do". The bottom line with ALWAYS be.. "not as good as someone who asked BEFORE* they signed their contract" but regardless here is my feedback...

• 33 months is pretty normal these days.
• Most are not putting any money down unless the SVR was originally a $140K-$148K MSRP vehicle with carbon brakes, CF roof, etc
• 15K miles/year is more than most as most limit it to 10Kmiles/year to keep the payments closer to $900/month so it looks like the additional $100/month is likely simply due to the mileage allotment so not bad there.
• Your final sales price is about average as long as you got the carbon brakes which it sounds like you did as your residual would have been lower without them and you would not have gotten the monthly payment that low.

* One guy on this forum picked up his Coupe SVR with around a $130K MSRP for a $89K sales price with 7,500 miles/year for around $850/month with no money down & no, I don't recall the owner but you could likely search similar threads on here to identify him/her. Yes, he DID have "connections" to a dealership so it appears he was able to get both a lease AND the extreme discount whereas most can only get one or the other.

 

Thank u for ur response. I totally agree....
i never said i purchased it.. im still going back and forth... so.... no need for the smh attitude....
i do thank you for your possitive input.

 

Apologies for the mis-understanding. I read your initial post as already having been a "done deal". Good luck on the negotiating and search the other threads to see what others have been able to negotiate.

I'd shoot for a $90K to $95K price point for an SVR without the Carbon Fiber brakes & $100K to $105K for one with them
10K miles is normally plenty for most as few use these as their daily driver
Always try to put ZERO down on any leases unless you want to pay the up-front contract fees separately (generally around $2K)
Coupe have a higher residual than the convertibles do so your payments will naturally be lower with the hardtop models
Target $900/month for a 33 month, 10K/year lease as that will essentially force the dealer into giving you the reduced leasing rates.
Many dealer's will not offer BOTH the reduced sales price AND the JLR-supplemented leasing discounts but you can likely negotiate to some extent

Once you have contracted for it come back on here and let us know which one you bought because many of us are also considering the few that are still out there available (e.g. the white SVR coupe in Sarasota that was listed for $90,999 was apparently sold over the weekend)
https://www.cars.com/vehicle/2017-ja...j6j86hmk39377/

 

Hi.. No problem.. I should have been more clear...
thank u for the advice.. I ended up :
got what I wanted on my trade....owed 30 and they paid off..
car at 108...invoice was 147... so not awful
red Svr w 5k
10k.....33mo....998 per month....0 down ..
I know some did better but he'll I'm new at this...lol... I've always paid cash but wanted to give leasing a try.

ty to everyone for your help.. I may get car tomorrow!

Rob

 

Congrats & Enjoy it!

 

Returning here from the comments in my 3rd-party thread led me to do the math. $20K divided by your lease term of 33 months would be $606/month in up-front payments. If your payment does "average out" to $950/month that you stated in prior posts here then with the $20K factored in your monthly payment would appear to be $344/month. At that level I would question why even bother leasing. If I were going to put $20K into a vehicle, I'd want to "own" it so that should any Insurance claim occur, that I would have a good chance at getting that "up-front" value back (Liberty Insurance will write a policy to such effect).

How do you protect yourself in the event of an accident that totalled your car during the lease? That $20K would then be vapor because you don't get any of it back from an insurance company. Did the leasing company agree to provide you an equivalent vehicle after such an accident for the outstanding duration of the lease?

 

Yes, I pay around $341 or something a month.

If I were to do a 3 year finance and put 20k down, my calculations show a monthly payment of $2387.32, significantly more than my $341 a month.

Yes, that's a risk I took with putting 20k down. If I totaled it the same day, I would lose my down payment. It was a risk I took for a good deal as they wouldn't allow me to get it without the down payment.

 

Thanks for the verification. I normally purchase instead of leasing. In fact, this will have been my 1st lease ever. If I were to have purchased, I would have likely financed it over 72 months as I have retained individual vehicles for about 7 years on average. I recently I had a line of credit (LOC) for prime MINUS a point so could have financed for up to 15 years for around 2%... LOL However, we never used that LOC so we closed that account. Just for grins and giggles the payment on a 2%, 72 month loan with $20K down & the $89,900 purchase price of the $132K SVR that I was considering was going to be $1,031/month

 

Same here this is actually my second lease. I had some thoughts of financing the SVR also, but in the end I was too scared to finance/own the car. There were too many unknowns, and I was not comfortable with losing 150k over time, especially if I might want something else in 3-5 years.