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Jaguar S-Type, Jaguar S-Type R, Car Leasing, Car Buying, Sedan
#39 of 68 Good deal or not
May 21, 2006 (7:22 am)
Just found this forum.....looks great. I have X Plan pricing available to me, but dealer (where I have an existing leased X Type) says he will beat it (which it looks like he did). But I want to be sure I have the best lease deal as I see differing incentive programs on different web sites plus a Jag incentive lease program where I can't find out all the parameters (money factor, residuals, etc).
Here's the deal. Suburban Chicago area. 2006 S Type 3.0 with premium package, heated seats, and navigation system. MSRP (with destination) $50,895 -- Invoice $46,081. Sales price about $45,400 -- 39 month lease, 10,000 miles/year -- 43% residual -- .00007 money factor (equals 0.168% APR). Dealer pays last payment on current lease (X Type = $402). $1000 down -- lease = $699/month. No mention of any rebates. On the surface, it seems to be a good deal with dealer going below invoice for cap cost (easily beating X Plan), picking up the last payment on existing vehicle, and buying down the lease money factor. Uses up most of factory incentive to the dealer. But then I see that there is a $469 lease program at Jaguar on the base S Type (which must be using a high residual) and that there may be a customer $1,500 loyalty rebate which should come to me. Also, the 43% residual seems low for a 10,000 mile lease. I have not agreed to signed any customer rebates over to the dealer. Car should be ready tomorrow when everything will be signed. Have asked dealer to fax all paperwork to me before I come in and sign on the dotted line so I can examine all factors. Thoughts?
#40 of 68 Lease Problem!
Jun 05, 2006 (6:24 pm)
Just re-leased my 3 year old Jag for another 2 yrs. 5 days later car malfunctioned. When I applied brake to stop, car would NOT stop. Made a strange noise,then suddenly accelerated & I crashed! Jag "diagnosed" car & couldn't "find" the problem, so they said that there is no problem!! I know of 5 other Jag owners that had this same problem & got the same answer from Jag! I had car towed back to dealer after their body shop repaired body & I REFUSE to ever drive it again! MY PROBLEM: Jaguar Credit, which is OWNED by Jaguar Cars will NOT let me out of my lease! They say I owe them for the 2 years remaining & call me daily & ruined my credit rating! HELP!
#41 of 68 Jaguar Lease Questions
Sep 05, 2006 (2:33 pm)
OK, I'm back after 3.5 years. My 2003 BMW 5-Series car's warranty is up next May and I'm shopping for a replacement.
I want something different and am looking at Jaguar (call me crazy, call me nutsy, my wife does and she's a shrink). Given the uncertain resale value I'd like to lease it, which would be my first time doing so. I have several questions I hope you can help me with:
1. Given that one shouldn't put anything extra down as a capital cost reduction (because of the possibility of totalling the car and losing the up front money) does this mean that I really shouldn't think of trading in my old car? Would CCR derived from a trade-in be treated any differently than CCR gained via cold, hard cash?
2. I'm looking at new cars, either a 2007 XJR or 2007 S-Type R. Can you tell me what the lease buy rate would be (through Jaguar) for each of these? Also, what kind of up front payments are ABSOLUTELY REQUIRED (e.g. Acquisition, Bank Fee, Security Deposit)? I'll pay what I have to but not something which is thinly-disguised dealer profit. The dealer is entitled to make money but let's call it what it is.
3. Finally, are there any Jaguar incentives for either of these models (even for 2006)? I'd like to know how much play I have in negotiating a price.
Thanks in advance. I KNOW I'll wimp out and get a lousy deal (regardless of the make) but I like to ACT like I know what I'm doing.
#42 of 68 Re: Jaguar Lease Questions [nlkleinberg]
Sep 25, 2006 (3:27 am)
Welcome back nlkleinberg. There's nothing wrong with trading in your old car when leasing a new one. Just make sure to have the dealer that you are working with cut you a check for any equity that you have in your trade rather than using the proceeds from it as a capitalized cost reduction for your lease.
I haven't seen Jaguar's lease program for the 2007 XJR or the S-Type R yet. I have seen its program for the 2007 S-Type 3.0L if you are interested though.
At lease signing, you will have to pay your car's first month's payment, a security deposit that is equivalent to your vehicle's monthly payment rounded up to the nearest $25 increment, Jaguar Credit's $595 acquisition fee, and any required state taxes or fees.
Jaguar has special lease rates and dealer cash on the 2006 versions of these cars, but I do not believe that it is providing any support on the 2007 versions yet.
Prices Paid Forum
#43 of 68 Re: Jaguar Lease Questions [Car_man]
Sep 26, 2006 (8:08 pm)
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?
#44 of 68 Re: Jaguar Lease Questions [dbrowniefl]
Oct 04, 2006 (2:01 am)
You're very welcome, dbrowniefl. I am familiar with the lease program that you mentioned. The numbers that the dealer you are working with quoted you are right in line with Jaguar Credit's current program for this car. Unfortunately, it is only scheduled to run through October 4th. If you haven't finalized your deal yet, you may end up having to lease this car using Jaguar's new October lease program. I haven't seen it yet, but should be able to take a peek at it in a few days. If you want information on what its new program is like, please check back with me then and I will fill you in on what I have been able to find out.
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.
Prices Paid Forum
#45 of 68 Re: Jaguar Lease Questions [Car_man]
Oct 17, 2006 (11:53 am)
Any update on Jaguar's new October lease programs? Apparently, there is one, but I am having a hard time getting details from my dealer.
#46 of 68 Re: Jaguar Lease Questions [jagtn]
Nov 12, 2006 (6:47 am)
I'd be happy to give you an idea of what the lease program for the car that you are interested in is like, jagtn. First, I need you to tell me exactly which model you want, how long you want to lease it for, and how many miles per year you need to be able to drive it.
Prices Paid Forum
#47 of 68 Re: Jaguar Lease Questions [Car_man]
Nov 12, 2006 (1:06 pm)
Could you give me information for the following:
2006 S-Type V8 (Heated Seats) 36m 12,000 miles
2007 S-Type V8, 36m 12,000 miles
#48 of 68 Re: Jaguar Lease Questions [jagtn]
Dec 07, 2006 (1:29 pm)
Hi jagtn. Here's the information that you're looking for. Jaguar Credit's current buy rate lease money factor and residual value for a 36 month lease of a 2006 Jaguar S-Type V8 with 12,000 miles per year are .00070 and 42%, respectively. The numbers for an otherwise identical lease of a 2007 S-Type V8 are .00066 and 47%. When negotiating your lease, make sure to take the $4,250 lease cash that Jaguar is currently providing on the '06 S-Type V8 and $550 on the 2007 model into account. they will help you to negotiate an attractive capitalized cost.
Prices Paid Forum