I haven't been active here in a couple years; life's been busy! But I thought I would share my upgrade and the lease deal I was able to negotiate, in case it might help anyone else out there looking for an F-Type R

I had a 2016 S (6MT) whose lease was maturing, so I had to decide whether to turn it in and move on from Jag (not likely since I never left the honeymoon period with my 2016 haha), buy it from the bank (reasonably possible because I loved the car), or get into another Jag (because, you know, F-Type). Jag isn't making any 6MT models anymore – so I figured why not go for the V8 if I'm going to be forced into an automatic – and therefore started shopping for a 2020 R coupe.

Since there are only like three dozen F-Type R coupes in the whole country right now, it was tough finding one I wanted before the old lease ended, and I figured I would have to buy the 2016 kinda last-minute. I attempted to hire a couple lease consultants/brokers to work on getting a new one for me, but they all kinda shirked on their responsibilities for whatever reason. If you want something done right...

So I pitched a couple dealers against each other and arrived at this deal:
MSRP $111k
Price $90k
39 months
10k miles/yr
45% residual
0.0001 money factor
$3k drive off (only first month + bank/DMV fees)
Comes out to base payment of $1040/month

Loving it so far! The V6S was such a blast and after just a couple days I can already tell this V8R will be even more so

Haven't taken any good pics of it yet, but here's a couple from the dealership.

 

Congrats on the car. I know little to nothing about leases, so here's my way of assessing the deal. Correct me if I'm wrong because I'd love to learn.

I did the following calculations:

Price $90k
38 months x $1,040 = 40,560
45% residual = $40,560
$3k drive off

Assuming you were to buy the car, total: $83,020

Since that's less than $90k, I'm assuming that's how one would come a conclusion regarding a good "deal" or not. Is that correct?

 

You're somewhat close. With a lease you're effectively paying the delta (spread across 39 months in my case) between the negotiated price and the bank's projection of the future value of the car.

So the bank is projecting in 39 months it will be worth 45% of $111k MSRP, which is roughly $50k. I negotiated a price of $90k for the car, so the delta ($90k minus $50k) is $40k.

$40k spread across 39 months is that $1040/month figure. Additionally, the "money factor" is used to calculate the fee (also called rent) for the lease, which in my case comes out to $15/month. So the monthly cost, without CA state sales tax, is $1055/month.

If I choose to buy the car after 39 months (which I am not obligated to do – I could also turn in the car), I would pay $50k for it. So, if I were to buy it then, the total cost of ownership would be $50k (residual) + $40k (depreciation), which is basically the same as the $90k negotiated price.

Whether a deal is "good" or not is mostly in the eye of the beholder, but personally I consider this hypothetical total cost of ownership of $90k, on a $111k car, to be a pretty good deal.

 

Congratulations as I did a similar move from a 2015 S to a 2020 R that I ordered to my specs.

Everything I liked about the S and more.

Early snowfall this week which inevitably is followed by salt sadly has me putting it away till April .

Enjoy