2017 Jaguar XE Lease Offer

Details of 2017 Jaguar XE 20d

MSRP:$41,845
Selling Price: $36,854
Residual Amount: $25,107
Mileage: 10 K / YR

Monthly Payment:$265 for 33 months

Down payment: 6470 (including taxes, title, dealership fees, and first month)

33 Month Total Cost: 265 (32) + 6470 = 14950 / 33 = 467

On a face value, is this a good deal? Thanks!

This is a terrible deal.

Is it because of high down payment: 6470? Thanks.