I am taking delivery of a new Jaguar tomorrow! If you told me a week ago I would've doubted you. I had been looking at used cars, one of which was at the local Jag dealer (MB G550), but then thought about the XE we saw a month ago. We went to test drive it and just made the most sense for our budget. I like the 5 year / 60K service included warranty. As much as I enjoy driving the Lotus, the local dealership is not providing the ownership experience I was expecting. I have to pay top dollar for any repair of which half the time it is not done right. They do not offer any loaner car and you have to make an appointment like you seeing a medical specialist...

So, being the end of the month... Local Jaguar dealer offered me an incredible deal on a '17 XE R-Sport 3.0 AWD. Has every option available. If you haven't driven one yet, they are quite nice; especially the steering and over all feel. I did not cross shop at all. The other car I had interest in was a '13 Maserati Gran Turismo S. After driving, I was less excited about it. Sure looks nice, but that is where it ended for me on that car. Plus, the warranty just expired although it had like 11K miles on odometer.

Here's a couple of pics of the new car from dealer site, car is currently in showroom:

 

Enjoy and good luck. I drove one a few weeks ago and told my kid with the Audi A4 that this is a worthy competitor.

 

Good looking car, love the color. Enjoy!

 

Thanks. Next question is to lease or finance... I barely drive (been about 3K a year).

 

This is always a good question for a new car buy, lease or purchase. I personally have never leased as I own cars for 6/8/10 years. It used to be 10, now I get the replacement itch earlier.

In other forums when the lease vs. purchase debate came up there were compelling points for both sides. Certainly if you intend on trading it after 3 years the lease starts to make sense. I saw in the XE forum that you are already involved in the lease thread so you can crunch the numbers pretty well.

 

The dealer is preparing both scenarios for me. I'll see how the numbers work out. I am not putting much down, so if did finance, I think I would have very little if any equity on the 3rd anniversary. After 5 years, I bet the car is worth 15-20K?

I am leaning towards lease. Jaguar is offering an XE at half the sticker price for $299 a month, so I figure this one has to be around $700?

 

Yeah, you would think it works that way but not quick sure it pans out to be that little.

For me when you factor leasing vs purchase it seems that you should limit your thought process to the lease terms, so in this case 3 years. What the car is worth in 4 to 5 years is not a good comparison, what it is worth in 3 years to me is the way you look at it. You are right though, in 5 years it will be significantly devalued, but if you were to run the numbers comparing against 5 years then you would need to just look at the comparison of the cars value against 2 leasing cycles back to back. In a simplistic view:

So, if you own a car for 5 years, it was $55k sticker, now worth $22k, you paid $33k over the 5 years so around $550/mth, I would think the finance deals are still pretty good at 1 or 2 percent? Car was still under warranty the entire time so in great shape. I always look at total amount paid minus what the car is worth at sale. What the payments were is irrelevant to me, if I paid $800/mth for 4 years or $500/mth for 5 years, the real computation is what you paid in total cost with interest vs what it is worth when you get rid of it divided by how many months you owned the car.

Compare to a back to back lease at $700/mth over 5 years and you end up paying $42k over the 5 years. However, you get to change cars after the 3 year mark!

 

New car loans are certainly under 3%, one bank I know is doing 1.99%, but no way am I going to pay above 2.99% considering my credit and repeat Jaguar buyer (if I finance through them again).

 

Yeah, I just checked my paperwork and when I bought my 2012 XK used 5 months ago they gave me a .9%. That is free money. This through Jaguar Finance.

 

For anyone who has ever been in the US Military, or had a family member in, you can use USAA for auto loans. I used it for my wife's Lexus at a rate of 1.75%.

 

Welcome back! The XE is nice, but...

IMHO, you get the most bang for the buck with a 1-2 year old CPO Jaguar, whether you buy/finance or lease, because of the huge depreciation hit. My CPO 2013 XJ was a corporate executive lease turn-in after 20 months and 28,000 miles at almost half of the original MSRP. Plus, the factory warranty was longer than on a brand new XJ - 6 years up to 100,000 miles from the original in-service date. I wasn't concerned about the high mileage because I drive less than 5K miles per year and the dealer had all the service records.

I'd rather have a CPO 2013 XJ 5.0L SC than a new 2017 XE. Apples and oranges.

Just my

 

may we ask the sticker? ~$48K?


did the dealer come off sticker? I looked a similar car last week. very, very nice!!!


good luck!!!

 

Nice ride. Congrats.

 

Uh-oh, brand new and the tow-hook cover is missing!

 

sticker was around 65K, dealer lowered to just below 61K

 

XJ was not a consideration; not sporty enough for me. Was close on an F Type, but sports car can wait 1.5 to replace our Volvo at lease end. The XE will take the Volvo's place as utility car at that point.

 

Looks great, same exterior as my missus' but she has the 4 pot turbo. Love driving it but it would be better with the V6. We have the same wheels too which are super easy to clean and the brakes dont seem to dust too much, though we've copped some kerb rash.

I wrapped the sills in ours black, which I preferred because it nips in the waist a bit, but my wife caught me wrapping the front blades and alas my wrapping activities have now been restricted.

Congratulations.

 

Good choice. Beautiful car. Enjoy the ride!!

 

I agree with Stuart S above in post#11. Not necessarily on the XJ, but on finding a well maintained Jaguar with low mileage. I also love the XE model and over the last several months in much of my research, I see some very nice used Jaguar sedans with low mileage, great color combinations and at dramatically lower prices than MSRP. These cars take a big hit in depreciation, and any new Jaguar owner will attest to that.

As for the lease. Over a three-year period, you're literally throwing money out the window strictly, for one thing, the right to drive a new Jaguar. After the lease ends, and the car is returned you have nothing, just the outlay of cash to drive a nice car. You have to figure what is the initial outlay of cash to just to get the lease (up front money) then compute the monthly payments. A vehicle lease always works out in the vehicle dealers favor, always.

As a past financial advisor for 31 years, unless you own a personal business, leasing a vehicle for strictly personal use is "not" a wise decision financially.

As with Stuart in post #1, my 2009 Jaguar XKR PE Vert was a prior lease vehicle that had an MSRP of $108,000 and I picked it up in mint condition with 13,500 miles for $46,000. Most of the depreciation was already sucked out of the car when I bought it.

My suggestion is to BUY the XE, but look for one that might be 1 year old or step up in the class to a higher grade Jaguar sedan, that might be 2 to 3 years old and save a ton of money. There are plenty of beautiful used Jaguar sedans available with low mileage still under warranty.

Be a savvy shopper, don't lease. As you already know, on a new vehicle, as soon as you drive it off the lot, the depreciation begins immediately. Vehicle interest on a car loan is no longer tax deductible so, any interest you pay becomes part of the cost to own the car. Be sure to look at the real cost to own a new car. Of most importance, fully understand the costs involved to lease a vehicle. Keep in mind after the lease terminates, you own nothing and the car simply goes away and you have nothing.

Search the eBay ads for a nice well maintained Jaguar sedan and I bet you will find lots of value.

Best to you, and glad to have you back with the brand.

 

My thoughts, exactly ... until I drove a 470HP 8-speed XJ in Dynamic Mode. A wolf in sheep's clothing. My 2013 XJ is as much fun to drive as my 420HP 2009 XKR and feels quicker. Honestly, I don't know which one I like more, but for different reasons. Too bad the XJ isn't available as a convertible. And too bad the F-Pace isn't a little bigger with 3 rows of seats.