2017 Jaguar F-Type Premium Coupe
MSRP: $70,627
Selling Price: N/A
Rebates: $2,000
Trade-in: $0
Months: 33
Annual Mileage: 7,500
Security Deposit: $0
Total Due At Signing: $2,000
Monthly Payment (incl. tax): $520
Zip Code: 92612
Sales Tax Rate: 7.75%
Thoughts?
How is the selling price not applicable?
Why would that matter if I know my money down and and monthly payment with all taxes and fees?
Because maybe they sell it to you at MSRP and the normal discount is 10%, so you should have this car for $310/mo. Just a hypothetical scenario to show why he asked you in response to your question “Thoughts?”
Because it can help others negotiate the price. It’s pretty important- think if it as a gear that’s party of multiple moving parts. Can’t just remove one. Thank you.
Tax is in the payments so where is the 2000 down going besides first payment and dmv?
Dealer fee and acquisition fee?
It’s still a $570 all-in price on a $70k car. That’s pretty good. But the low mileage would be the issue, as would the fact that there’s some cap cost reduction in the out of pocket.
Don’t look at the monthly.
Somebody could have $600 monthly on a 75k MSRP while another has a $600 monthly on a 80k MSRP.
You always use the MSRP as a reference to what the value of the car is, and from there you look at the selling price (and other numbers) to see if it makes sense.
The trusted hackrs are asking that question because they are knowledgeable and know why they’re asking it. If you want their advice, I would recommend you to give them the numbers so that they could help you better.
Ok guys I just reviewed the paperwork and the selling price is $62,391.62. So thoughts?
And yes the $2000 included the first lease payment
FYI: See the thread today about the F type R which in summary has these deal terms:
MSRP: $112,000
Miles: 10K per year
Duration: 33 months
650 tax included with zero down and zero drive off.
Turrible compared to other F-type leases recently.
Other than the insane deal on the F-Type R mentioned above, what has been much better than this?
As much as I’d love to search for you, I’m going to pass. There’s an SVR deal out there too.
You seem like you know everything already so why bother posting?
I am simply just curious and asking
I’d push for 10% before rebates but if you’re happy go for it.
You all kill me…
OP is clearly under 1% so where are the party balloons? (I know it just a nice rule of thumb blah blah blah)
Just because 1 person, literally 1 person got a killer lease on an SVR it doesn’t mean every other F-Type lease after that is a crap lease.
OP, think of the selling price like this…
$70K msrp. 33 month lease… For every $3,300 is discount you knock $100 off the monthly lease (3,300/33=100. For every $6,600 discount you knock $200 off the lease price. (more or less this how it works)
That’s why selling price, not MSRP is so important.
Compare your % discount off MSRP to all the other F type deals. How does yours stack up compared to them?
Also go to Edmunds forums and ask for the MF. Make sure it isn’t being marked up.
The residual is based off of the msrp. The difference between the residual and the selling price is what you are going to be paying for the vehicle with the interest on top (money factor). The way you cheat the system in a lease is to get the dealer to discount the vehicle as much as possible to lower the cost of the payments.
Examples
Msrp 100k
Residual 60% (60k)
Mf 0
Selling price 100k
You owe 100k-60k=40k over the span x months
Msrp 100k
Residual 60% (60k)
Mf 0
Selling price 80k
You owe the 80k-60k=20k
In essence the dealer contributed the other 20k
Hopefully this simplified math helps you comprehend everything