Hello, I was chatting with a jag dealer today and he was telling me that the residuals on coupes tend to be higher than the residuals on convertibles.

Have you found this to be the case and are you familiar with details of this? For example, have you found that xk verts tend to have, for example, around a 45% residual after 36 months, whereas xk coupes tend to have, for example, around a 51% residual?

I'm just curious to understand typical residual differences between the 2 body styles.

 

Looking at a current lease the terms at this dealer Jaguar Detroit

2014 Jaguar XK Touring Coupe, 36 month lease $799/mo: Based on MSRP of $79,895 (includes destination and delivery) with a residual value of $44,741 as of 2/1/2014. 56% Residual

2014 Jaguar XK Touring Convertible, 36 month lease $899/mo, Based on MSRP of $85,895 (includes destination and delivery) with a residual value of $47,242 as of 2/1/2014. 55% Residual

Slightly higher residual value for the coupe based on these leases. Of course when negotiating a lease you can reduce the capitalized cost down from the MSRP to lower the monthly payment but the residual value will remain fixed.

 

nice - I was asking because I was trying to figure out what to expect for the upcoming f-type coupe. Sounds like I might be able to get it for $100/mo less than the f-type convertible. that would be sweet.

 

There is nothing "sweet" about lease agreements.

Leasing a car is NOT a good idea, and does not make financial sense if your an individual. Corporate leases are a whole different ballgame. The dealership screws the individual lease holders and after the lease period runs out, your screwed, and have nothing. After the lease runs out, you determine and realize you only had the right to drive the car and usually under a very restricted limited mileage program. It's money out the window for a potential "joy ride" for 2 or 3 years.

You're much better off, buying an F-type vs leasing. Put some hard thought into crunching lease numbers and will you soon understand. Buy the car, than if you can't afford it or get tired of it, then sell it. The numbers result in a better deal for you as an owner not a lessee.

Food for thought.

 

Don't forget that there is a huge upfront lease amount required. Your not just going to walk into a dealership and get the car for a monthly payment. The up-front lease deposit does not come back to you. In this case it costs you $4995. + Tax, Title, Fee's (what ever they are) at signing. So it costs you $5000 + without even driving the car. Tax is based on what, the FMV of the car?

 

Hi Rich - Do you have some insight/tips on corporate leases? I'm planning on leasing my f-type through my corporation (1-man s-corp)

 

@rich - you pay ttl whether you lease or buy the car. The $5k deposit you mention is negotiable. It's only used to lower the monthly payment. Cap cost reduction by $1K lowers the lease payment by about $30/mo and vice versa.

 

I am sorry I don't have any insight on the corporate structure.

Because of my personal financial situation, I have never leased a vehicle, always paid cash for any car I bought, but because of my past occupation have evaluated auto leasing in depth for individuals and my past client base.

While I am not a fan of auto leasing at all, it might be right for you. I can't make any suggestions based on what your financial situation might be.

My suggestion is crunch the numbers, stay away from the dealership lease office "spin". Strike the best deal you can, and if you feel it's right for you, then do it. Your real evaluation comes after the lease agreement ends and what you got out of the lease for your outlay of cash spent.

 

Makes sense the coupe would have a slightly higher residual. Less parts to wear out and/or replace.

If you are looking for a deals, there are many 2010+ XK/XKR's out there with like nothing for miles.

For the money you'll put out on a lease with paying excise tax on a huge number, you'll darn near own the car by the time would've paid the lease off.

If you are resigned to paying X dollars a month for ever, then a lease makes sense. I have done the both, and lease feels like a prison sentence for the last year.