JaggggGGGGG I-Pace

Ask the Hackrs
1

Reviewing a deal for a friend. Before I get flamed (inbound meme material), yes I have told this person this is a terrible idea, and that there are better fish in the proverbial EV sea, but their a JLR family (smh).

This will be a Lease to buy in WNY for 24/10k.

Jaguar iPace
MSRP: $74,953
Pre-Incentive Sell Price:$67,458
Incentives:$7500
48% residual/base mF 0.00436
Registration: $275
Doc fee: $175
Acq: $895
Disp: $300

Zero DAS/$1,723
$5,697 DAS /$1,459

Besides reviewing this deal,

  1. Are NY lease to buyouts double taxed?
  2. Would there be any issue with term length to capture the $7500
  3. Being a lease to buy would it make sense to bump the up the term length to get a lower mF but take the penalty in the form of a lower residual?
2
  1. No, surprisingly, I BELIEVE you just pay tax on the residual since the rest was already taxed upfront.
  2. If it’s applied as a regular rebate/ccr I can’t see how it would matter unless the bank has any rules around that
  3. The only thing that would make sense is trying to get the dealer to bump the MF higher for more discount if the plan is to buy out immediately, just make sure you wait a few months to buy out to not screw the dealer if they agree to that.
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3

Thanks, I’ll pass that info.

4

Just off the top of my head, this would be around $1400/mo on a 60 month finance

5

yup it is, but you loose the $7500

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6

Does your “friend” live within walking distance of a Jag dealer?

7

How in the world can you be a JLR family?!?!

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8

Is 10.4% interest (.00436) the base money factor? That seems insanely high.

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9

Service center is quite close lol

10

There father use to work as an project manager for Jag, and only had JAGGGGsss with the REALLLL WOOOD and not that imitation veneer.

I’d say there a ford family since that was when ford owned Jag…but one must not mention the blue oval and its shared history or else.

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11

The problem is circled.

12

You should stop wasting your time trying to help people who’ll ignore all the right advice.

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13

Dude, sorry, and maybe NY schools to blame…but please learn the proper use of there, their and they’re…also, loose is not the same as lose… :face_with_peeking_eye:

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14

You should see the first deal sheet they sent me. It was the friends and family bs storyline about how these are “indemand” and msrp only, with a huge down.

I can only wonder how this vehicle ages.

Thanks Yall!

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15

This is one of the worst deals I have seen on LH in a while.

Midterm Elections Water GIF

16

Hopefully, they’re just brainstorming and come to their senses.

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