Latest lease numbers - discrepancy between jaguarusa and local dealer online estimate - Jaguar I-Pace EV400 Forum
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post #1 of 13 (permalink) Old 02-20-2019, 12:51 AM Thread Starter
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Latest lease numbers - discrepancy between jaguarusa and local dealer online estimate

So, my car is days/weeks away and I'd like to get an idea of what the lease numbers would be, the dealer is not being helpful in this regard, says they'll only discuss it once the car is actually here

the jaguarusa lease estimator looks reasonable, as in on par with most jaguar leases of the same/similar vehicle msrp, however, the lease/deal estimator on the jaguar san francisco webiste almost doubles the monthly payment - I'm assuming a much less attractive interest rate / money factor

has anyone received any recent lease quotes?
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post #2 of 13 (permalink) Old 02-20-2019, 09:15 AM
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I don't think anyone has actually leased one. When I was buying mine, the lease rate was so absurd I just bought it instead...
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post #3 of 13 (permalink) Old 02-20-2019, 09:36 AM
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Ditto. I think given its newness, and without an established resale market, few finance companies wanted to gamble on residual value.
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post #4 of 13 (permalink) Old 02-23-2019, 02:56 AM Thread Starter
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Ditto. I think given its newness, and without an established resale market, few finance companies wanted to gamble on residual value.
residual isn't the problem, money factor/interest rate is
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post #5 of 13 (permalink) Old 02-23-2019, 10:59 AM
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residual isn't the problem, money factor/interest rate is
It's both. The lower the assumed residual by the finance company, the higher your lease payment will be...42% assumed residual for the i-Pace after 3 years...
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post #6 of 13 (permalink) Old 02-24-2019, 11:36 PM
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https://jaguar.niello.com/niello-new...guar-I-PACE-SE

This is a car currently listed on my local dealers site. Purchase price is about 74K. Overall not a great deal when compared to a Tesla. I will also be leasing because of the tax advantages. According to my dealer, Jaguar will be releasing new lease deals in March which he expects to be improved. They have had the same 2 I-Paces sitting on their lot for probably 2 months now so Im guessing they arent selling as well as Jaguar had hoped, especially this time of year. Im hoping that will lead to better lease offers next month when mine is scheduled to arrive. I think he fact that Jaguar is also offering 0% APR on any vehicle through next month also represents their poor sales may also force them into better lease offers.
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post #7 of 13 (permalink) Old 02-25-2019, 11:37 AM
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EV leases are often only worthwhile if they are using it as a carbon-credit car. ie - leasing at a loss. Fiat leased Fiat 500e's for $79/m to gain CC's.

They want $8000 down on $999/m lease for 38m for the $80k SE? Reduce that by $3500 for California if you haven't used up your EV rebates yet, so $4500 down and that's about $42.5 grand for a base car or $1.28/mi for the first 33,300 miles. Certainly don't worry about mileage, drive it as much as you like and it's a better value.

But notice the $77k version has the same lease?

I'll use the $80k. About $88k with tax/crap, $8k down, $80k financed at 0% for 60m and 12,000mi a year under warranty. But in California, you get $11,000 off in rebates. So effectively $69k for 60m, 60k, or $1,150 a month, or $1.15 a mile. The residual is yours to keep. However the break even point will occur prior to 60 month, so depending on the residual, you 'leasing it from your LLC' is probably cheaper, shorter, and they can set the buyout at a modest loss. We lease machinery to ourselves. I'm not sure but I think you can lease your car to yourself if you have more than one corp.

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Last edited by McRat; 02-25-2019 at 11:43 AM.
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post #8 of 13 (permalink) Old 02-25-2019, 04:04 PM
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Doesn't leasing to yourself violate self-dealing laws?
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post #9 of 13 (permalink) Old 02-25-2019, 04:12 PM
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Doesn't leasing to yourself violate self-dealing laws?
You have to have more than one legal entity set up. As McRat says, if you have more than one corporation, you can set up one to manage the purchase and leasing to your other entity.

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post #10 of 13 (permalink) Old 02-26-2019, 10:10 AM
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You have to have more than one legal entity set up. As McRat says, if you have more than one corporation, you can set up one to manage the purchase and leasing to your other entity.
Yes, we have a class C corporation for the business, so I'm just another employee. But our family has a LLC for capital expenditures.
HOWEVER, while I did stay at a Holiday Inn, I'm not a licensed CPA, I contract one to do our books. I would not guess at something like this.

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Last edited by McRat; 02-26-2019 at 10:18 AM.
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