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I'd go for a lease on an F-Type if going new. Very good lease rates and buy out prices. Almost like no charge for the lease if you add everything up for the time you have it.
As a very general rule, Jaguar makes cars that almost mirror BMW's performance, with the style, feel and comfort of higher end Brit cars and the real-world responsive driving pleasure of Porsche. The Jag is a gentleman's performance car, and always, always a pleasure for a driving enthusiast to drive. A Jag is not a cheap and brutal Corvette or a low end Japanese car with bolt on performance. It's engineered for everyday driving pleasure, and that makes it tops in my book.
I work for a very wealthy guy in his flight department. I get to drive his high end toys from time to time. Mostly bringing them home from the airport or dealership. From Enzo's to McLaren F1's, just about every model Ferrari including the La Ferrari, various high end Merc models and BMW's of course. The occasional Porsche. I know what I like and I clearly understand that the fastest car is not the most fun or the one you want to drive every day.
In my opinion it is not worth buying a new car even if you have $1,000,000 cash in the bank. The jag is going to lose about 50% of its value in like 5 years. Here is the best video I have found on Jaguar f type depreciation.
Get a used car to hold you over until the new jaguar is 3 years old, then sell the used car and buy the jaguar. Porsches and corvettes hold there value geat, I went with a 2014 jag f type V8 S though instead of a new Jag. I don't think the new Jag f type is worth the extra money over a pre face lift model. The original f type design I personally like better, and it was designed by a great artist from Aston Martin. Trust me man just go with a used f type V8s, an early R model, or a newer all wheel drive R model. With depreciation your also loosing the money that money could have made in stocks so it's alot more when you think of 7% interest on $30,000 for how ever many years you would have invested it.
I bought a used 2016 R in Feb 2017 with an in-service date of 4/13/2015. Part of my reasoning for the 2016 was AWD, the other reason was a 5 year warranty including maintenance. It stickered somewhere in the $110K plus range since it had all options except ceramic brakes. I bought it for $78K with 8690 miles. During the course of ownership I had a Catalytic converter and 1 O2 sensor go bad (symptoms and light after my first track event), a re-attachment of the ceiling liner (they had some poor glues in the factory around that run time). Recently at my last free oil change, I identified that I had a couple of blisters in some of the dash coverings (same glue issue) and pointed out that some of steel grey colored plastic pieces in the interior were getting tacky in some spots. I was told the Cat failure affected numerous of the cars of my vintage. The plastic pieces affected many high-end auto brands; my guess is the same company was outsourced for all those trim pieces from many manufactures - purportedly the lacquer topcoat was the defect (and mine is stored indoors). The dealership gave the car a thorough review and replaced all 11 plastic pieces, a couple of the dash pieces with the glue coming loose, an O-ring in the AC system that had a very minor leak and the car's battery since it was not 'in prime condition'. And BTW - the AC seemed fine, but they ran a test to show that in their opinion the cooling was not quite 100% (I believe the pressures were a 'touch off'). All this was done as warranty service.
So, I bought my car used for far less than the new price, have enjoyed it at the race track a few times, and have just gotten updates and repairs under warranty that many manufacturers would never cover. I've got right at $20K miles now (it's my daily driver). I can't imagine any disadvantage I've had to buying used. One thing for certain - the 5 year warranty has been an added benefit considering the glue issue and the trim lacquer issue. I'm still in shock they replaced the battery at zero charge! About a year ago I installed a pulley and tune - excellent performance improvement. I'll be keeping it for the long haul.
So... to the others who've recommended buy used - I certainly agree.
First, of course, there is no right or wrong... My 2 cents.... Confession, I’ve never purchased a new car, ever. With respect to recent model cars for everyday use I purchase cars 3 years old with low mileage, letting someone else pay for the initial depreciation. Personally, I am not a fan of the new F-Type styling, especially the vents on the hood, to me it now looks like a Corvette. A little over a year ago, with help from the ‘kids in the hall’ here I decided on a grey 16’ F-Type base model 24k miles with options I was seeking. I paid $36.5 for a 3 year old car with a sticker price of $68K. I found the fit and finish to be inferior to Porsche and other high end brands I’ve owned. The infotainment system is indeed, as one member put it, ‘Flintstonian.’ All that said, at that price I didn’t care and it wasn’t why I purchased the car. I was enamored with 3 qualities; usability, handling and styling, with styling being number 1. For me, the styling on the early models in stunning and harkens back to the E-type, one of my all time favorites, I loved the simplicity in design. Two options I really enjoyed, the heated steering wheel and audio system (some have complained about it, I liked it). As far as model / engine selection. (Base, S, R, 4 cyl, 6 cyl blah blah), all sports cars today offer performance that is virtually unusable on the street unless you are working on your speeding ticket collection. 0-60 in 4 seconds, etc. Ok, then what? Call me pragmatic (which I am), unless one is tracking such a car (2 of my neighbors track their cars, a 911 and Corvette) to make use of the performance, I’m of the opinion that one is paying for the privilege, bragging rights and higher resale value rather than actual use. To coin an old TV commercial, “Where’s the beef?” Meaning, for performance I can use and enjoy to the car’s limit on the street, I’ll take a 92’ Miata or Alfa Romeo Spider (both of which I’ve owned). Reliability- Maintenance and parts? Sure, you could go to Jaguar and pay $300 for an oil change. I purchased the correct oil and filter online and my guys changed the oil for $20.00. Battery? Pepboys $149, installation $20.00. You get the point. With time and/or mileage, sure parts will wear out, but buying online and using a private quality shop mitigates. Only one thing I didn’t like; absence of adequate visibility to judge position in space, front, back and side. I felt like a 100 year old man performing anything related to maneuvering.
Those who may be familiar with me as member from seeing my. Frequent questions, know I sold my F-Type after one year. Why? I realized it wasn't the sports car for me, too digital. My solution? A 69 XKE FHC; performance I can use on the street and winding roads, shifting through all 4 gears, listen to the music of the exhaust and all without accumulating tickets... 😉 Again, just my opinion...
In the three weeks since I've bought my 14 F-Type roadster, I've had more people come up to me and comment on how beautiful the car is than all the dozen or so cars I've owned in the past put together - and it's more women than men. Most laypeople on the street don't even know what it is, but the sure as heck know they like the look. A Porsche may be a great car, and they do seem to hold value quite well, but almost no one will ever come up to a Porsche owner and say "Wow! That car is just beautiful!" because at the end of the day, it's just another Porsche.
Oh - and regarding color, as long as you're getting something other than black or white, you will stand out even among the F-Type crowd.
A Porsche may be a great car, and they do seem to hold value quite well, but almost no one will ever come up to a Porsche owner and say "Wow! That car is just beautiful!" because at the end of the day, it's just another Porsche.
And in the UK, if you're trying to join a stream of traffic, you'll be let in with a Jag, but with a Porsche? No chance - you'll be there for hours!
I think the other .02 cents I'll throw in is that if you buy new, you need to either be prepared to take the massive depreciation hit without bemoaning it, or plan on keeping the car for quite a few years. Is Turo available where you are? If so, you may wish to shell out a couple of thousand bucks and rent one for a couple of weeks and really do an extensive test drive - city; highway; backroads - short trips, and multi-hour road trips. I was sold on the car as soon as I heard the V6 exhaust note on the highway - then seeing the car in person... You should also know that the boot in the roadster is as small as or smaller than an NA Miata, while the car itself is pretty large... There's room for nothing more than a couple of soft long weekend bags, unless you go for a set of the bespoke luggage that a couple of people make.
There has been a lot of sensible advice given about how to get the most car value for your cash - but the original question was about buying a 2021 - which I just did - so here are some of my thoughts.
The depreciation issue may be getting more like other high end cars as people see the quality improvements JLR is making under Tata ownership.
Sports cars are (or ought to be) more about passion than common sense anyway.
About my purchase: I looked at Porsche and other brands but the Jaguar won out for me because of the balance of performance and looks. Plus, you are in an exclusive group.
Porsche probably sells five 911 cars in the US for every F-type. And Chevy probably sells a dozen new Corvettes in the same time.
As to some earlier comments about interior quality - that I don't understand. I have driven several models from Porsche, Lexus, and BMW - all nice yes, but I don't see that they have anything on the F-type.
Plus, car reviewers are not critical of the F-type interior and they can be brutal at times (e.g. C6 Corvette)
Bottom line, I love this car. I really like the 21 styling update.
The car looks much more serious - plus they took that bar out of the grille. That reminded me of the C7 Corvette grille - some people called that bar a 'retainer' like a kid with braces
I have driven it for periods of up to eight hours so far and it is very comfortable.
I love the power-train programming - the way it holds in gear long enough to sound serious ever time you accelerate. Push a little harder and the sound changes from serious to angry.
After decades of owning high performance V8 cars, I just don't think I'd ever get used to a 6 cyl Porsche, no matter how quick it is.
I am also very impressed with the optional 770 watt Meridian surround sound system. I put some albums on a USB stick, plugged it in, and the display shows the artists, album art, track lists, etc. Great sound.
One thing you definitely need to remember. Get in the car. Do not put your foot on the brake pedal. Press start. Then open the exhaust (and disable start-stop).
Now put your foot on the brake and press start again. That never gets old!
BTW, I also have an Evoque and I love that too. It's a 2015 - bought new - and I've had exactly zero issues with it.
Congratulations on your new car. Enjoy it. I also bought my 2020 R new. Order it new and you get exactly what you want. Of course it makes more financial sense to buy a used car, but who buys an F-Type for the financial sense? It's purely an emotional purchase. If you want to do the smart money thing get a Chevy Nova or a Kia.
My dad, who never owned a new car in his life, once told me, "Son, if you only buy used that's all you'll ever own."
Congratulations on your new car. Enjoy it. I also bought my 2020 R new. Order it new and you get exactly what you want. Of course it makes more financial sense to buy a used car, but who buys an F-Type for the financial sense? It's purely an emotional purchase. If you want to do the smart money thing get a Chevy Nova or a Kia.
My dad, who never owned a new car in his life, once told me, "Son, if you only buy used that's all you'll ever own."
All this debate about new vs used I find ironic, as the one and only brand new car I ever bought was my very first car, which I bought before I even had a leaner's permit yet alone a licence. After that one my next two cars were dealer demos - near new but used - and after then I have bought only two to three years old cars for waaaay cheaper than a new one would have cost.
I never had any major problems with any of them and to me the massive savings were well worth not getting my perfect spec.
I bought my 20 month old F-Type in near new condition for $100,000 less than it cost new, with 16 months of the three year factory warranty still on it.
All this debate about new vs used I find ironic, as the one and only brand new car I ever bought was my very first car, which I bought before I even had a leaner's permit yet alone a licence. After that one my next two cars were dealer demos - near new but used - and after then I have bought only two to three years old cars for waaaay cheaper than a new one would have cost.
I never had any major problems with any of them and to me the massive savings were well worth not getting my perfect spec.
I bought my 20 month old F-Type in near new condition for $100,000 less than it cost new, with 16 months of the three year factory warranty still on it.
My hat is off to you. I could never negotiate that good a deal.
People in this thread talked about the great deals they got buying used, which is great. But the suggestion that everyone else who's buying a new one is wasting money or making a poor financial choice is hilarious. Everyone is unique in their financial ability and interest of buying a new car. If no one or very few folks bought a new F-Type, how would the rest of us end up with such great deals on the used market? Buy what you can afford and don't judge others for their choices.
Yeah in Oz these cars are nearly $200K new for the 6 by the time you get one with bells and whistles, including duty and taxes. I got mine as a demo and figure I lost about $50K in the first year, maybe $30k in the second and third each, by the end of year 3 it would be worth about half of what I paid for it and now at 4 years plus I'd guess about 40% so the curve does flatten.
I was happy to take the hit though because I got the colour I wanted and the trim I wanted, if I buy a car that isnt what I want I end up turning it over much faster and losing more. If I hang on to it for 6 years from new I probably would have lost about $120K or so which means it cost me $20K per annum to drive exactly what I want. If i bought second hand I'd probably lose the $20K per annum anyway, but might not be driving what I want so I'd be more inclined to turn it over in a couple of years.
My hat is off to you. I could never negotiate that good a deal.
It was a good deal but I didn't negotiate much.
As Bruce (Peter) said, the cost of a new F-Type V6S with a few options back in 2015 was around $200,000 AU, and I worked out that with all the options it had mine would have cost $220,000 to $225,000 AU new. It had/has pretty much all the options then available except the CCM brakes, the flat bottomed (sports) steering wheel and the illuminated tread plates. As I have pointed out many times we in Oz get royally shafted on the price of new "prestige" cars, two to three times what you lucky Yanks pay!
I calculated the car's new cost at $225,000 AU and I got it for $125,000 delivered from Sydney.
The original asking price from the used car dealership was $129,000 AU and the minute I saw their ad and checked out all the options the car had I knew they had under-valued it. They were a brand new "prestige" used car dealership and this was their first ever Jag let alone F-Type so they had little idea what it was really worth - more like $160,000 by my estimation.
So I jumped on it and offered them $125,000 as long as they paid the transport cost from Sydney to Adelaide (some 1,500 km) and they accepted my offer within the day!
