im curious to get your opinion on the long-term value (or depreciation of) current 296hp/aka p300 over the next three to six years as the new 2022 ftypes are now v8 engines only.

do you think that since the "base" ftypes moving forward will only be v8s, that it will incrementally hurt the resale values of the 4-cylinder models (also keeping in mind that current resell values are propped higher than normal due to shortages)? or should those still maintain their current valuation trend?

as youve guessed by now, i currently have a 2018 296hp base convertible w 8300 miles and coming up on lease end, and am considering paying the RP to keep it as the current lease deals are nowhere near where id like them to be. this is also my first jaguar. i think id like to keep this car for another three to five years but will most likely trade in for something four-doored at some point around then.

thx

 

The only F-Types on my local dealer's lot are the 300's. There must be about 15 of them.
They would appear to be the slow item here in US, versus likely more interest in Europe.
So, no, I do not think they are going to appreciate more (depreciate less) because they're no longer available - likely the opposite.

 

Here in the US, currently the only incentives/discounts JLR is offering on 2021 models are on P300 coupes and convertibles. Manufacturers only offer incentives to move product, which tells me that's what they have the most of sitting around or what they're having the most trouble selling. So if anything I think the P300 depreciation is going to accelerate.

 

I wouldn't expect a resale advantage to the p300 going forward. The p300 was a marketing attempt to grow volume by creating a lower priced entry model. The fact that they aren't continuing it tells you that was misguided. While you get the looks of a F-Type for less, most who can afford a F-Type want the performance to go with it.

Meanwhile, though, I would take a good look at the buyout on your lease. Given the current used market, it's quite possible that the lease baked in excessive depreciation, making the price attractive to buy for resale, or use, since you like it. Unless they're dull enough to assume today's market anomaly will continue for 2-3 more years, it's unlikely that extending the lease would be the best option.

 

They are continuing it in Europe, just in America I believe they're pushing the V8.

 

I think the P300 is better fit with many UK/Euro drivers because of higher taxation on bigger engines and severe speeding penalties in a world of roadside cameras!
Not like here (MA) where nobody drives the limit. Average speed on 55mph highway is 70mph, with a lot of 80's.

 

I was told by my salesman that Jaguar builds and sells a lot of the 4 cylinder models in order to increase their CAFE numbers. When shopping for my new 2021 F Type I noticed that the P300's were available at most dealerships and in Southern California anyway, there were a lot of P300 convertibles in stock. And there was a lot of discounting of those models going on.

I made a couple of assumptions that may or may not be valid. One was that it was in Jaguar's best interest to sell a lot of their vehicles that are not in the gas guzzler class hence the aggressive pricing. Another was that the P300's were marketed towards those who wanted the looks and prestige of a Jaguar but couldn't care less about the performance. And I'll bet a lot of P300's were leased.

Maybe Jaguar is selling enough of their vehicles that get respectable mileage and hence increase their CAFE numbers that the limited number of V8 F Types sold doesn't appreciably lower their average so they just dropped the P300 rather than sell them at low margins ?

In any case, I would think that the P300's are not going to appreciate much in our lifetimes. Especially if a lot of them were leased and are coming back into the market as used cars.

 

Always though Jaguar should have done a lightweight version of the P300. Drop a few hundred pounds (lighter wheels, brakes, battery, seats, prop shaft…), maybe add a few HP. Would be a fun track car, with either AT or MT.

 

i dont ever think it will ever have a resale advantage, but rather im worried it will DEPRECIATE at a faster rate, which then over the course of 3-5 five years might make it a disadvantage to buy it out now.

currently my residual is $42k. for a base convertible w 8.5k miles

i like this car and while im sure a v6 or v8 is a far superior beast, im not that big of an enthusiast for it to matter how much faster im racing to the next red light.

 

I think the residual is high. I would not even consider it.
Despite the low miles, the car is still 3+ years old.
My guess is you would be able to pick up a brand new 2021 P300 for well under $60K once the covid panic goes away.
You get a new car with 60K, 5 year warranty.

 

Used car values are up across the board. Buy it out even if you don't intend to keep it.