Just bought my new 2010 XF Supercharged and feeling remorseful as it was probably cheaper to lease a 2011 given the depreciation priced on the lease. Anyone think a 2010 XF S is a bad buy? I can still return it and get a 2011 lease, hence the question..

Thanks for your thoughts in advance.

 

I dont think so. I looked at leasing for my 2011 and because Jaguar does not have its own lease company the pricing is terrible. I had my deal give me lease prices and financing and the lease was only $100-$200 cheaper plus with 1.9% it was a no brainer for me. I was between the 2010 XFR and the 2011 Supercharged and I went with the 2011 because I got the covered maintenance and free snow tires. Hope that helps

 

Sounds good. That is indeed helpful. If you don't mind me asking, how much were they asking for the 2010 XFR?

 

I'm pretty sure it had around 6k miles and they wanted 66 or 67k

 

That sounds about right price wise for a '10 XFR. What I've seen out there is you can get a demo '10 XFR for about the same price as an '11 XF S. Like drjp I picked the latter... But I did like those seats!!!

In your original post you kind of have 2 questions in there:
1. '10 XFS Buy vs. '11 XFS Lease (was your direct question)
2. is it better to get an '11 or a '10 from a depreciation perspective

To both the answer is it depends on the math!

As for the lease vs. buy thing - that's usually a big debate topic!!!

Bottom Line is if a) you fit the lease profile of miles, term, etc; b) you get a good Price and residual and c) the money factor (interest rate) is good -- then leasing is usually a good deal. There's tons of lease calculators out there to help out on that front. But just run thru the #'s and compare them. You're welcome to post them here and I'll give you an opinion if you'd like...

For me though it's all about risk -- if the above works then the only thing you have to worry about is tires for the term of the lease. Everything else is covered. I like that -- especially for a daily driver.

I leased my last 2 cars as it really fit the profile for me. But for my XF Supercharged, I wanted to keep longer and it's not my daily driver, so I just purchased it.

I hope that helps you out

 

Makes sense. I couldn't agree with you more on the risk, given the 6 yr.100K warranty that covers all but wear and tear and maint is free.

1 question - Why didn't you lease/buy the a new 2010 XF S? The 2011s and 2010 XFS's are the same and you could have picked up (still can I guess) a 2010 XFS new for a 25% discount of the 68K number.

Am I missing something here?

 

Many thanks drjp for the data point.

 

When I was looking back in Sept there was only about a $4-5k difference in price between a '10 and an'11. But I could not find a color combination I like in the '10's... Plus I like the maintenance program included on the '11's... So for me it wasn't worth the price savings... But that's just me...

 

I had the same situation, the dealer actually talked me out of the 2010 just because of the free maintenance and the free snows.

 

I see. That makes sense.
So correct me below, if I'm wrong:
2011 Warranty = 5Y/50K covers all wear and tire, free maintenance included
2010 Warranty = 6Y/100K doesn't cover all wear and tear nor maintenance but a much longer general warranty that covers the car in the event something goes wrong, not related to wear and tear, correct?

 

I know the 2011 is correct plus free snow tires
The 2010 warranty is the Certified pre-owned warranty that is 6 yrs 100k
so you are correct, I guess what really matters is how long you plan on keeping the car. For me I was nervous about maintenance costs and reliability, I grew up with Jaguar and while I really love the car I just remember my fathers was constantly in the shop. I know Jaguar has come a long way, but I felt more comfortable with the free maintenance. Also while I love my car I'm sure a newer updated version of the XF will be released in the next 3-4 years that I will want to trade for.

 

Thanks drjp. That makes complete sense. I agree with you and feel yours was a clever choice.