Hello folks! First, this forum is awesome and I’ve been learning a lot. I’ll try to put down all the information I have here. I’m looking to make a final decision today (tomorrow at the latest) on an F-Pace. Basics that I can provide at the moment:
(UPDATED)
Jaguar F-Pace Prestige
MSRP: $59,115
Negative Equity trade-in: +$2,500
Dealer discount: -$4,503.32
Holiday discount: - $1,500
Current vehicle selling price: $54,109.68
Res: 50%
MF: 0.00064
Total cap cost/Balance Due: $59,778.03 after tax
Credit score: 800+
Drive-off: $2,000
Monthly: $779/m after tax
The big first question: how good/bad does this look to your better trained eyes? If I should look elsewhere, please let me know. If I’m in a reasonable range, I will feel a lot better…but please give it to me straight.
Second question: Is it a bad idea to add my trade-in to the deal? It’s a low-mileage (< 13,000mi) 2014 BMW 435i with just about all the options in excellent condition. They’re offering $21,500, with $23,750 owed on it. I could probably sell it for $25k or maybe more privately, but I’ve never sold a car and am not currently comfortable with doing so. However, if it is objectively the right way to go, I will. They told me doing so would only save me about $60/month.
There are also about $1,000 in “pure profit” features currently here. Stuff like dent protection or interior protection for $500 each that I’m sure I’ll have removed.
Otherwise, definitely need any and all advice. I’ve been struggling to find the right vehicle (was also looking at Macan’s but couldn’t get those prices under $800/m where I feel comfortable) and I’m happy with what I’ve found in this Jaguar, but I want to feel like I’m at least getting a decent price. If I’m not, I’ll go back to the negotiating table to get more off the MSRP. It’s just that with so few people posting their F-Pace deals here or elsewhere, it’s really hard to have an idea discern if I’m in a decent deal range. I know this is about 30% above the 1% guideline.
Please help alleviate this paralysis (and heavy headache I have right now). Just trying to get a good deal and hit a good monthly payment mark. Calling around has been hard today because most of the dealerships in the area are closed. With tomorrow being a work day my time for negotiating will be at a bare minimum. Alas, I just don’t feel confident that I have reached “good deal” status yet. Help!
Thank you in advance.