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Prices Paid: Buying & Leasing Experiences Jaguar S-Type Lease Questions
55 messages, Last post on Apr 02, 2008 at 7:01 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Sep 25, 2006 4:27 am) Thanks for all your great work on these sites. They are a huge help. We are looking at three vehicles, one being a 2006 Jag S model. The dealer has one left on the lot and he said Jaguar had a "dream lease" program on the '06s. I haven't got all the details yet, but based on the price of $51,595, they said the residual was 53% for 12,000 miles 24 months, and 52% for 15,000 24 months. $6,375 drive off with $4,375 dealer credit, so basically $2,000 from us. Said payments were $758 + tax on the 12K and $789 + tx on the 15K. Said the money factor was .00002 Do you know the program that they are speaking of? The money factor is great, but the residual seems low, especially for 24 months. With a low residual, can we look to purchase the vehicle at an under market value in two years? What are the current NF and residuals for the 2006 Jag-S models?
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Replying to: dbrowniefl (Sep 26, 2006 9:08 pm) Low residual values are bad for leases because they cause lessees to pay for a lot of depreciation in their monthly payment. I am not surprised that the residual value that you were quoted is so low, Jaguars tend to have fairly low residuals. It is difficult to say whether you would be able to purchase this car at the end of a two year lease for less than market value. If will certainly cost you less to purchase at lease-end than it would have if it had a better residual value. Car_man Host Prices Paid Forum
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Replying to: Car_man (Oct 04, 2006 3:01 am) Thanks
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Replying to: jagtn (Oct 17, 2006 12:53 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Nov 12, 2006 7:47 am) 2006 S-Type V8 (Heated Seats) 36m 12,000 miles 2007 S-Type V8, 36m 12,000 miles
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Replying to: jagtn (Nov 12, 2006 2:06 pm) Car_man Host Prices Paid Forum |
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hi there I am interested in getting a 2004 or 2005 pre-owned S-Type lease. One of the local dealers is offering the following: 2005 Jaguar S-type V6 Black/Black (some options: premium sound) 22000 miles $1000 drive off 15K/27 month lease Residual: $19K Payment: $591+ Tax Current warranty will cover free maintenance (30K, 40K service) and all std coverage for 6 years/100K 2005 Jaguar S-type V8 Quartz/Ivory (fully loaded: navigation, heated seats, premium sound, etc) 51000 miles $1000 drive off 15K/27 month lease Residual: $17K Payment: $616+ Tax Current warranty std coverage of 6 years/100K I have many questions. 1. I am not entirely sure how to evaluate the deal - are these good deals? 2. what should I be looking for when I ping other dealers. 3. Are there any Jag lease programs currently on older cars that I could leverage for eg. should I be looking at newer (2006/7) car leases if there are better lease programs on these? 4. I have a 2000 S-Type that I purchased in 2000 and would like to trade-in? Should I try to sell that on my own to get the maximum $ or would I be better of negotiating this as part of the deal? Also, when is the appropriate time to broach the topic of trade-in? Sorry for the laundry list of questions. I hope I can learn from all your experiences and end up with a good deal that I am happy about. Thanks - h
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Replying to: time2change (Mar 20, 2007 10:02 am) Also, make sure to compare the lease payments on these used vehicles with what it would cost to lease similar brand new versions of them. The lease support that manufacturers provide on new vehicles often makes them nearly as attractive to lease as used ones. It would be silly to lease a used Jaguar when for only a few dollars per month more you could get a brand new one. Car_man Host Prices Paid Forum
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Replying to: Car_man (Apr 16, 2007 3:17 am) I ended up leasing the 2005 V8 with 51K miles. I negotiated the sale price from $30K down to $27.5K. I did evaluate against a new car lease and there was a sizeable diff - new car V6 was $750/month vs. used car v8 was $490/month. I am happy with my purchase. Thanks for your help.
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Replying to: Car_man (Aug 31, 2005 4:17 am) Thanks
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