Jaguar F-Pace Depreciation

motorguy

Georgyboy wrote: »

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?

I dont think you'll get a precise answer as there are too many variables. Dont forget to factor in the cost of the cash as well - in terms of lost interest if you're taking it from savings OR the cost of the loan if you're going to borrow against it.

I guess the best way to have precise, accurate, known figures for that term would be to lease it then you know exactly what your costs would be over the term - if thats your driving factor (no pun intended )

k3lvc

motorguy wrote: »

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....

All this is good advice

BUT

if you pick your timing and negotiating stance you can pick up an approved used car - if you take their finance (and quickly pay it off if you can borrow cheaper) you'll get 2yrs warranty (which you can tag on to the end of the manufacturers warranty), 2yrs servicing (assuming under 18k pa) and the usual breakdown cover etc

I did similar on an XFS Portfolio and was best buying decision I've made on cars over past xx years

Georgyboy_2

Good point about the financing. All in all, I am veering towards a personal lease as the cost differential seems negligible and the unsure depreciation and hassle factor of selling in 3 years may make the whole buy as new option not worth the marginal cost saving to be made. Lease, hand it back then think again. Thanks for your advice which has helped.

Joshua_Nkomo

For better value what similar cars are out there that meet your criteria have a look at a few and pick the one with the best lease deal.

ie Choose the deal and not the car.

If you choose the car then inevitably it will cost more.

(Having said that the F-Pace could of course be the best deal).

Georgyboy_2

Jaguar used approve do not seem to offer free servicing nor tag on the warranty to the end of the manufacturer's period. Could you tell me where this approved used site is that offers these features please.

motorguy

k3lvc wrote: »

All this is good advice

BUT

if you pick your timing and negotiating stance you can pick up an approved used car - if you take their finance (and quickly pay it off if you can borrow cheaper) you'll get 2yrs warranty (which you can tag on to the end of the manufacturers warranty), 2yrs servicing (assuming under 18k pa) and the usual breakdown cover etc

I did similar on an XFS Portfolio and was best buying decision I've made on cars over past xx years

Agreed. And if that all flies then great. :beer: However several caveats :-

The F Pace is in high demand, i dont think too many dealers will want to discount them much.

That finance deal might not be available of the F Pace. A cursory look there suggested its only on the XF and XE.

There tends to be much bigger savings on XFs and XEs when buying used due to volume sold and availability.

I've never seen *any* approved used scheme tack their warranty on to the end of the manufacturers warranty. It would seem very odd as you could then buy a say 3 month old Jaguar and get pretty much a 5 year warranty with it? Happy to see links to the contrary .

k3lvc

motorguy wrote: »

Agreed. And if that all flies then great. :beer: However several caveats :-

The F Pace is in high demand, i dont think too many dealers will want to discount them much.

That finance deal might not be available of the F Pace. A cursory look there suggested its only on the XF and XE.

There tends to be much bigger savings on XFs and XEs when buying used due to volume sold and availability.

I've never seen *any* approved used scheme tack their warranty on to the end of the manufacturers warranty. It would seem very odd as you could then buy a say 3 month old Jaguar and get pretty much a 5 year warranty with it? Happy to see links to the contrary .

I had a quick look and can't find a current advertised finance deal inc servicing/warranty on F-Pace - doesn't mean they're not available though

As for tagging on the warranty I've managed it 3 times (Honda, Lexus & Jaguar) but failed on a number of other occasions (VW, Audi, Mercedes). I doubt they'll ever advertise it but it becomes a negotiation point where the value to me is worth more than the cost to them

motorguy

k3lvc wrote: »

I had a quick look and can't find a current advertised finance deal inc servicing/warranty on F-Pace - doesn't mean they're not available though

If they are available on an F Pace, then it will be widely known and widely advertised on their website as it will be a Jaguar finance backed scheme.

k3lvc wrote: »

As for tagging on the warranty I've managed it 3 times (Honda, Lexus & Jaguar) but failed on a number of other occasions (VW, Audi, Mercedes). I doubt they'll ever advertise it but it becomes a negotiation point where the value to me is worth more than the cost to them

I would suspect your chances of success will vary depending on the age of the car in the first place. I really cant forsee Jaguar opting to give what might amount to close to a 5 year warranty on a car they are only put a 3 year warranty on from new. Worth asking, and perhaps it is worth pursuing by the O/P however on the face of it - IMHO - a brand new 2018 car either on lease or cash purchase seems a lot more palatable than trying to patch together a deal on a relatively expensive, in demand, used one.

Georgyboy_2

Thanks for all the advice. I have just put my order in for a 3 year lease for the Portfolio AWD Automatic with metallic paint at total cost (less road tax) of £21,950 at 15,000 miles per year. May not be quite as cost effective as a Drive the Deal new car purchase in 3 year's time but gives me certainty of cost and takes away any worry about eroding diesel resale values, uncertain depreciation values and new car financing costs.

motorguy

Georgyboy wrote: »

Thanks for all the advice. I have just put my order in for a 3 year lease for the Portfolio AWD Automatic with metallic paint at total cost (less road tax) of £21,950 at 15,000 miles per year. May not be quite as cost effective as a Drive the Deal new car purchase in 3 year's time but gives me certainty of cost and takes away any worry about eroding diesel resale values, uncertain depreciation values and new car financing costs.

Sounds good! Health and strength to enjoy! :beer: