Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences Jaguar XF Lease Questions
100 messages, Last post on Nov 03, 2009 at 2:41 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: green33 (May 05, 2009 12:34 pm) When I said I would be better off just buying the car outright, I was told that Chase and US Bank would not finance it at their incentive rates at that price. I said "fine - then I will just buy it outright and worry about the financing myself. Then I was told that they could not sell the car at that price because they are receiving a large incentive for 2009 leases that they are willing to pass on to me, but there is no incentive available to the dealer if it is not leased. So it looks like you can either drive down the price $5 to 6K or more below invoice and put up with crappy lease terms that jacks your payment back up, or you can get better financing or lease terms but without the price break. I have used this dealer for years and trust him and he really went to the mat to squeeze every penny out of the cost of the car, but he said his hands were tied by the leasing companies as to what lease terms he could offer if the incentive payment was taken. And I understand why he cannot sell the car at such a low price without the incentive payment. So I am running all of the different options to see what is best. Also waiting to see what the June leasing rates are for both Chase and US Bank (does anyone know?). I have no issue with the dealer as he is really working hard with the hand he has been dealt and I will likely purchase from him as soon as I figure out the best deal including going outside of the Jag financing world. I am in the Chicago area. Has anyone seen this elsewhere? Even with the lousy residual, the lease payment is not too bad because the capital cost is so low. But I sure wish it was easier to compare all of the alternatives. Also, it does appear that US Bank is offering a Jag leasing program along with Chase - at least in this area. |
|
|
Replying to: jwiz1 (May 31, 2009 6:57 am) But, then I noticed you were in Chicago... You'd have to pay the full sales tax twice, which would negate most, if not all, of your savings... Not that familiar with Jaguar leases, but Volvo has the same sort of programs.... Massive incentives if you lease through a 3rd party, but not if you purchase. It really makes no sense to me. regards, kyfdx Host-Prices Paid Forums
|
|
|
Replying to: kyfdx (May 31, 2009 9:21 am) just wrapped up a lease on a 2009 prem lux with msrp of 58.5 k. i found the same issue as noted recently on this forum, they will not sell the car for anywhere close to the discount they will give you to lease it but the mf and residual suck. by far the best 2 prices i found were from patrick of fleetrates.com and jaguar of troy, michigan. i am curious about the last post and buying out the lease at 6 months. i am in indiana. what would be involved in that process? thanks
|
|
|
Replying to: green33 (May 31, 2009 1:09 pm) Assume that a vehicle is $50k on a purchase, but $45K for a lease.. If you buy it, you'll finance $53K ($50K + 6%tax) for 60 months  5% = $1000/mo. If you lease it, assume a CAP cost of $46K (to account for acq.fee), You'll probably have a payment around $930/mo., including tax (just estimating). After six months, you should have a buyout of around $42K (or less.. assuming some fees..). Adding tax, finance about $44,500 for 54 months.. for a payment of around $922/mo.. So, basically, you'll knock around $70-$75/mo. off the purchase cost over the five years.. You'll save the $5K incentive, but you'll be out the acquisition fee, and possibley some other transaction costs.. A net gain of around $4K. This is a general description... you'd have to do the actual numbers to get a more accurate calculation.. Possible issues: Third-party bank lease... Can you pay off after six months with no penalty? regards, kyfdx |
|
|
Replying to: jwiz1 (May 31, 2009 6:57 am) 1. Jaguar picked up my last 2 payments on my existing S-Type lease as well as the disposition fee - total a little under $1,800. 2. The price paid for the XF Prem. Lux. was $47,850. After sales tax (on the entire purchase price upfront in Illinois), acquisition fee, title, and license, less $1,000 down, the payment is $857 (48 month, 12K miles, 30% residual, .0023 (i.e., 5.52%) money factor). This was offered through US Bank. 3. If I passed up the incentive discount in order to get better lease terms (through Chase I presume), the payment would have been higher. Assuming I could have purchased the car at $1,000 over invoice (invoice was $53,851) and kept the same money factor, the residual for a 48 month, 12K/year lease would have had to be 43% to keep the same payment. I have not seen that high of a residual for a 48 month 12K lease anywhere. 4. The quirky Illinois sales tax system also plays an important part in all of this since sales tax is paid upfront on the entire purchase price of the car (not just the portion used up during the lease term) and then again on the residual should you decide to buy it at the end of the lease term. So it is much better to have a low residual and low purchase price vs a high residual and high purchase price even if the payments are identical (i.e., the depreciable amount is the same). In my case, if I were to buy the car at the end of the lease, the sales tax savings in total would be close to $1,100. Have had the car for a week. What a great ride! A significant upgrade over the S-Type that it replaces in the Jaguar lineup. |
|
I am sooo confused by everything. I live in PA. and we have 6% tax. I am looking to lease a 2009 Jaguar Luxury XF. The only extra I would like is the Cold Climate Package. I was quoted for a basic Jaguar with nothing extra $699.00 including tax and $2500 down. Is this a great deal...good deal..? HELP. I want to get into this car for the best deal, that's why I waited so long. What should I be paying a month?
|
|
|
Replying to: faith23 (Jun 06, 2009 2:05 pm) 
|
|
|
Leasing has changed dramtically and iff you are used to leasing you are looking for some great residual at the end so that your payment is lower! If you are not going through a company that leases like Infiniti, Audi or Lexus, the banking residuals stink! How many of actually buy the car at the end of the lease? So who do you think eats the differance for what the bank says the car is worth and what it will acutally bring at auction? I have been dealing with a Jaguar Sales Guide, who used to work for Saturn...yeah you know the one price store. Honesty... She said that everyone she meets is so focused on the cap cast reduction and the residual, becuase they have been leasing for years and like most smart people, want to know where thier money is, but what no one gets is that all of those Denalis, Cadilacs, Yukons and other "gas guzzling" cars were leased and when the gas prices went up the vehicles were worth half. I'm a nurse and I work hard for my money. I'll admit that I usually buy my cars and run them into the ground, then I got into leasing. Now I want to buy again and leasing the XF for 36months and then buying it at 2.9% finacing is a no brainer. That residual being so low makes the car worth buying. I think that the problem is car sales people are scared and things are lean so if they don't take the time to explain things and help us through the changes, they fudge it and that is frustration. 
|
|
|
Replying to: kyfdx (Jun 07, 2009 8:27 am) |
|
|
Just got the following quote. Is this a good deal? It's a no money down, 36 month, 12K/year lease on a 2009 premium luxury with advanced vision package. Will appreciate any feedback. MSRP 56,975.00 LEASE TERM 36 MONTHS LEASE END VALUE % 39.00% LEASE FACTOR 0.00212 INITIAL CAP COST 44,803.00 ACQ DOC ACC 840.00 TOTAL MILES 36k MILAGE PENALTY RATE 0.18 LEASE END VALUE $ 22,220.00 CALIF TIRE FEE 8.75 LIC & REG 603.00 AMT DUE AT START 1479.74 BASE MONTHLY RATE 794.50 MONTHLY TAX 9.25% 73.49 TOTAL MONTHLY PAYMENT 867.99 |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences Jaguar XF Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2010 Jaguar XF
Browse by Board
Browse by Topic
Today's Chats
