Jaguar F-Pace Depreciation

Georgyboy_2

Hi,

Want a Jaguar F Pace Portfolio 2.0 Auto AWD but trying to work about whether best to personal lease, buy new or buy 1 year old. Need to know the projected depreciation values of a new F Pace over the next 3 years. Can anyone point me in the right direction?

Thanks,

forgotmyname

If you need to ask its the wrong car for you.

As the price varies from just over £30k to around £60k it depends on which one???

motorguy

forgotmyname wrote: »

If you need to ask its the wrong car for you.

If you think you dont need to ask, this is the wrong site for you.

forgotmyname wrote: »

As the price varies from just over £30k to around £60k it depends on which one???

He said Portfolio spec so that limits it to £42,000 to £47,000 ish.

motorguy

Georgyboy wrote: »

Hi,

Want a Jaguar F Pace Portfolio 2.0 Auto AWD but trying to work about whether best to personal lease, buy new or buy 1 year old. Need to know the projected depreciation values of a new F Pace over the next 3 years. Can anyone point me in the right direction?

Thanks,

You can get between £3,000 and £5,000 off, using a broker :-

https://www.broadspeed.com

https://www.drivethedeal.com

In terms of future value, have a look at Jaguars PCP tool. They are setting the residual at approx 55% of list price after 3 years and 10,000 pa which is quite good.

I would say budget for 50% of list price after 3 years and dont go mad on the options as you pretty much dont get anything back for them (or very little)

Compare that figure to how a lease might look over the same time, or with Jaguars PCP deal.

motorguy

My back-of-a-fag-packet calculations based on the above and running with the 250PS variant suggests around £20,000 depreciation over 3 years, or roughly £555 a month. Lets add in a bit of margin for error and say £600 a month.

Leasing... first place i checked -

https://www.contracthireandleasing.com/personal/car-leasing/jaguar/f-pace/

On that site, cheapest 9+35 deal = £537 a month, so (45*537)/36 = £671 a month

So that suggests its a bit more expensive to lease than outright cash purchase, however that doesnt include road tax and the cost of the cash if you need to use a loan (or lose interest)

Aletank

Ask a dealer for a PCP quote, the final lump sum payment will be it's future value.

AdrianC

Fairly newly-launched car, prestige brand - so while the initial gloss has been diluted slightly, it'll still have a long way to dilute over the next three years, especially with the RR Velar (same basic car) about to hit the streets. A 1yo car now (one of the first) is a lot more expensive than a 1yo will be in a year's time.

IamNotAllowedToUseMyName

I'd also be factoring in some downtime for the car to be back at the dealers every now and again. I have no reason to believe that Jaguar Land Rover have fully resolved their quality issues. I think that there are two sorts of JLR drivers, the fans who consider their foibles a price worth paying and those who are "never again".

System

Georgyboy wrote: »

Hi,

Want a Jaguar F Pace Portfolio 2.0 Auto AWD but trying to work about whether best to personal lease, buy new or buy 1 year old. Need to know the projected depreciation values of a new F Pace over the next 3 years. Can anyone point me in the right direction?

Thanks,

Well buy a year old is an instant option to be taking if you are purely looking at the figures. No amount of dealer discount on a new vehicle can make up for a 15-25% year 1 depreciation.

motorguy

Tarambor wrote: »

Well buy a year old is an instant option to be taking if you are purely looking at the figures. No amount of dealer discount on a new vehicle can make up for a 15-25% year 1 depreciation.

You're quoting "savings" against list price though. Theres an easy 10% discount to be had on a new one just by picking up the phone

https://www.drivethedeal.com/buy-a-new-car/JAGUAR/F-PACE_ESTATE/2.0d_Portfolio_5dr_Auto_AWD_72479.html?Capid=72479&type=discounted

I'd personally be looking for a new car to be 2018 registered

The cheapest equivalent Portfolio model is a 2017 car with 5,800 miles for £36,850

https://www.autotrader.co.uk/car-search?sort=price-asc&radius=1500&postcode=hd97nw&onesearchad=Used&onesearchad=Nearly%20New&onesearchad=New&make=JAGUAR&model=F-PACE&aggregatedTrim=Portfolio

So the real world saving is only 7% or £2500.

Out of that £2500 saving, you're losing nigh on a years warranty, a years road tax (included in the new car price but not on a used car) and come resale time you've a car thats a year older thus worth signficantly less....

Georgyboy_2

Thanks to all the replies, except forgot my name who didn't read my question properly.

Particularly thanks to motorguy.

The best lease deal I can find on this model is for a 3 year total cost of lease of £21,716 (they pay road tax which I have deducted from the overall cost). This is based on 15,000 miles per year (which I am comfortable with). So assuming 3 year depreciation of 50% on a new model at list price £43,830, or a better Drive the Deal purchase at 10% less so £39,447 I will end up with a car valued at £19,723 so, assuming I immediately sell it, the comparative cost to me is £19,723 against the lease cost of £21,716. So buying new at a discount seems the way to go..........unless the continued demonisation of diesels will erode the value down from 50% in 3 years? And is 50% still a true depreciation value on a 45,000 mile 3 year old model?