[Technicks]

So I just got back from a dealership in Illinois, test drove the First edition they literally just got (car had about 15 miles on it). It was absolutely amazing.

However, when it came to lease pricing (15K miles, 39 months, $5K down), they gave me a ridiculous $1800+ monthly. They did apologize that the lease calculators are most likely not correct yet, but still, that is still unacceptable. Let's not forget they should be also including the $200 or so a month from the $7500 government tax refund.

Has anyone leased one yet? How has your experience been? Should I find another dealer or just wait 6 months?

 

[Dantrium]

So I just got back from a dealership in Illinois, test drove the First edition they literally just got (car had about 15 miles on it). It was absolutely amazing.

However, when it came to lease pricing (15K miles, 39 months, $5K down), they gave me a ridiculous $1800+ monthly. They did apologize that the lease calculators are most likely not correct yet, but still, that is still unacceptable. Let's not forget they should be also including the $200 or so a month from the $7500 government tax refund.

Has anyone leased one yet? How has your experience been? Should I find another dealer or just wait 6 months?

The lease rates are horrible and are essentially the same quote I had received, so it has nothing to do with the dealer.

 

[Katatonic]

The lease rates are horrible and are essentially the same quote I had received, so it has nothing to do with the dealer.

Good Morning
Also got my lease quote over the weekend. It was $ 1749.00 for 36 months with 10,000 miles per year. They aren't allowing for the $7500.00 federal tax credit in the calculation. They have one in stock a first edition that's been there for over 2 weeks. My car comes in in 3 weeks, with those numbers and residuals I might just get an F Pace loaded for half the price. :x

 

[Pseudonym]

They aren't allowing for the $7500.00 federal tax credit in the calculation.

WTF, that doesn't make any sense. I would hope that would at least get sorted soon.

JLR is also notorious for offering horrendous terms when a brand new model comes out as there typically isn't any sort of a demand problem so they don't have to. I would expect that to change over time.

 

[mmtahoe]

my lease quote yesterday

So I just got back from a dealership in Illinois, test drove the First edition they literally just got (car had about 15 miles on it). It was absolutely amazing.

However, when it came to lease pricing (15K miles, 39 months, $5K down), they gave me a ridiculous $1800+ monthly. They did apologize that the lease calculators are most likely not correct yet, but still, that is still unacceptable. Let's not forget they should be also including the $200 or so a month from the $7500 government tax refund.

Has anyone leased one yet? How has your experience been? Should I find another dealer or just wait 6 months?

Still haven't picked up my car, but here's what I learned yesterday:

Total Including taxes & fees: $94,900
$15k down, taxes/ fees of $7097.44 ='s due at signing: $22,097.44
36 month lease: $1388.05 per month
Residual: $35,055.60
Rebate of $7500 is factored into monthly payments (I believe he said $200/month)

Downpayment of $10K plus taxes/fees changed payments to $1546.26

 

[epirali]

Is it just me or is that residual frightening for many many reasons?

Why on earth wouldn't someone just buy the car, take the Federal and State credits (if any), make monthly payments, then sell it for much more than that in 3 years? Because if you are not buying the car at the end then it makes no sense. And if you are buying it then it makes no sense again.

What am I missing?

 

[bruintoo]

Is it just me or is that residual frightening for many many reasons?

Why on earth wouldn't someone just buy the car, take the Federal and State credits (if any), make monthly payments, then sell it for much more than that in 3 years? Because if you are not buying the car at the end then it makes no sense. And if you are buying it then it makes no sense again.

What am I missing?

Better to buy used or if you must have right now, just buy it instead of leasing it.

 

[mmtahoe]

Better to buy used or if you must have right now, just buy it instead of leasing it.

always better to buy pre-cert used, but yes, I will definitely just pay cash.

 

[Katatonic]

always better to buy pre-cert used, but yes, I will definitely just pay cash.

I just went on the NY Tristate Jaguar site and there are 11 cars available. The car should lease out at $1100 -1200 per month. The numbers are chasing everyone away , the EV net work is weak and the residuals at 39% are pushing me away. My car should be in at months end. Let's see what programs are around for December.

 

[Dantrium]

always better to buy pre-cert used, but yes, I will definitely just pay cash.

I just went on the NY Tristate Jaguar site and there are 11 cars available. The car should lease out at $1100 -1200 per month. The numbers are chasing everyone away , the EV net work is weak and the residuals at 39% are pushing me away. My car should be in at months end. Let's see what programs are around for December.

Crazy low residual on a car that should be in high demand...

 

[Guy]

It shows Jaguar confidence in the car..

 

[Dantrium]

It shows Jaguar confidence in the car..

That’s what I thought and it doesn’t inspire confidence does it...I’m beginning to think I may have just bought this era’s DeLorean...

 

[Time2Roll]

Resale on EVs has been worse than other vehicles. I believe this is partially due to State, Federal and local incentives. So whatever the depreciation should be... count on the value dropping another $10,000+
This will not really normalize until the rebates are gone and force buyers to choose used vs new on a level stage.

 

[J.XAU]

Not surprised by this and its probably why some brand have pushed against EV's and instead pushed harder on offering hybrids, and of course just improving on gasoline engine efficiency. Not a good look for Jaguar.

 

[Guy]

Resale on EVs has been worse than other vehicles. I believe this is partially due to State, Federal and local incentives. So whatever the depreciation should be... count on the value dropping another $10,000+
This will not really normalize until the rebates are gone and force buyers to choose used vs new on a level stage.

Resale on Tesla's is excellent, in Canada anyway..

 

[epirali]

Resale on Tesla's is excellent, in Canada anyway..

Part of that for a while was because Tesla was buying up and propping up the used sales market, now that they are not doing that in US it has been going down to more realistic figures.

 

[ECP]

Just talked to the dealer. (southern CA)
36 month lease
10,000 miles per year

43% residual which is among the worst in luxury automobiles.
0.00352 money factor. Equivalent to a whopping 8.448% interest rate.

The salesman could not explain the numbers.
He said the dealership owner suspected the low residual was because of Jaguar's lack of confidence.
This, of course, is creating a lack of confidence in me.

 

[electro]

lease rates

I picked up my car last week and was given the same lease rates on the option to purchase thru the local credit union. I just paid cash. I don't think the rates are due to Jaguars confidence in the car. I think they are trying to squeeze the max profit out of every early sale, till the sales slow and then they have to do something to be competitive. Even though I paid cash I am very happy with the car except the laggy touch screen info system. Electro

 

[jsimon7777]

Right now, the I-Pace is production limited. Why subsidize leases? They're leaping off lots. 6 months from now, maybe not. Then come the lease deals.

 

[mmtahoe]

Just talked to the dealer. (southern CA)
36 month lease
10,000 miles per year

43% residual which is among the worst in luxury automobiles.
0.00352 money factor. Equivalent to a whopping 8.448% interest rate.

The salesman could not explain the numbers.
He said the dealership owner suspected the low residual was because of Jaguar's lack of confidence.
This, of course, is creating a lack of confidence in me.

Sorry, but I just do not believe any dealer would tell you "low residual was because of Jaguar's lack of confidence". I just returned from N California and visited 4 dealers in the bay area. Not one shared this sentiment. They all are very high on the car. However, while visiting a salesman at a Porsche dealer (who worked for Jag for years) shared it's because Jag sells around 500K cars a year; Mercedes, BMW, Audi sell several million. It's a volume issue, as Jag sells more and more cars, numbers will go down.