F-type Short Term Ownership Options?
Discussion
I've been wanting an F-type for sometime now and am going to test drive the V6S and V8 in both convertible and hardtop forms this weekend.
I have around a £60K limit to spend (although I would prefer to spend less) and potentially would only keep it for 12-18 months as I have an M2 on order (which I may or may not take up the option on next year so may keep the Jag longer if I prefer it).
spoke to a dealer at the weekend and he tells me to expect to get 8-10% off list for a new one plus 0% finance. So this means for £60K I could potentially get a V6S hardtop with some nice options.
So question is, given I might only keep it for 12 months which model/spec/age (new or used) do we think will depreciate least and most? Is there a sweet spot in here I should be aiming for?
I'd hazard a guess that a new V8R AWD convertible would depreciate the worst but that's way out of my budget anyway!
Thanks for any advice in advance
I have around a £60K limit to spend (although I would prefer to spend less) and potentially would only keep it for 12-18 months as I have an M2 on order (which I may or may not take up the option on next year so may keep the Jag longer if I prefer it).
spoke to a dealer at the weekend and he tells me to expect to get 8-10% off list for a new one plus 0% finance. So this means for £60K I could potentially get a V6S hardtop with some nice options.
So question is, given I might only keep it for 12 months which model/spec/age (new or used) do we think will depreciate least and most? Is there a sweet spot in here I should be aiming for?
I'd hazard a guess that a new V8R AWD convertible would depreciate the worst but that's way out of my budget anyway!
Thanks for any advice in advance
Surely the cheapest one available will lose the least money? I'm assuming that they'll all lose more or less the same percentage of their purchase price over a 12 month period.
That said, it might be interesting to see how much the cheapest 12 month old ones are currently advertised for, given the discount and 0% finance on offer to you. You generally take a bath on new cars in the first 12 months though, and the F-Type isn't one that has a huge waiting list and demand to prop up prices for new vs. nearly new...
I'm assuming that they'll all lose more or less the same percentage of their purchase price over a 12 month period.That said, it might be interesting to see how much the cheapest 12 month old ones are currently advertised for, given the discount and 0% finance on offer to you. You generally take a bath on new cars in the first 12 months though, and the F-Type isn't one that has a huge waiting list and demand to prop up prices for new vs. nearly new...
Thanks for the responses guys. I'm not really familiar with the lease options so could you explain the logic please? I assumed leases were over three years but guess not. Why would this work out cheaper plan paying cash (or take the 0% finance) and hand it back to the dealer after a year? Either way I'd be getting 12 month old trade in value wouldn't I?
I've had a look at Jaguar's website and they offer something called Advanced Payment Plan whereby you put approximately 40% of the car's value down as a deposit and then pay the remaining 60% in 20-24 months' time.
On a manual 3.0 V6 F-Type this, based on a list price of £51,775, comes in at a £21,541 deposit and a £30,234 final payment. Given the way residuals are holding for the F-Type i.e. very strong, the car will probably still be worth at least £40k in 2 years, meaning you'll have had a net spend of only £11k for 2 years of pottering around in a F-Type.
That's quite a nice stopgap whilst you wait for your M2 and means you'd still have enough left in the bank (once the F-Type is sold, finance is cleared and £10k from the sale is back with you) to buy your M2 outright if you wanted.
I haven't read the T&Cs around the offer so there could be a sting however it looks reasonable at first glance.
On a manual 3.0 V6 F-Type this, based on a list price of £51,775, comes in at a £21,541 deposit and a £30,234 final payment. Given the way residuals are holding for the F-Type i.e. very strong, the car will probably still be worth at least £40k in 2 years, meaning you'll have had a net spend of only £11k for 2 years of pottering around in a F-Type.
That's quite a nice stopgap whilst you wait for your M2 and means you'd still have enough left in the bank (once the F-Type is sold, finance is cleared and £10k from the sale is back with you) to buy your M2 outright if you wanted.
I haven't read the T&Cs around the offer so there could be a sting however it looks reasonable at first glance.
I bought a new V8S with a retail price of £87k for £65k in May 14. I sold it with 4K miles for £55k in July 15. That's the best part of £30k depreciation in just over 12 months. It was a brilliant car and I want another but one with a slower depreciation curve. My advice to minimize depreciation whether you want a V6 or V8 is buy a 13/63 low mileage example using cash or a loan. Don't buy a new one if depreciation is a consideration
So I test drove a V6S and V8R Coupe at my local dealers yesterday.
They had a new fully specced V8R Coupe in the showroom too and I've come to the conclusion that while the V6S is fast enough* for me, the V8R looks and feels so much better. I really want the bigger wheels, side skirts, front splitter, performance seats and extra leather and carbon which the V8R has.
I've decided I'm not prepared to buy new as I don't want to take the first year or twos depreciation. I want to limit the budget to £60K (ok maybe £65K for a perfect match), so the dilemma is do I try and find a one year old V6S Coupe with all these extras on for sub-£60K (which I think is highly unlikely to exist) or do I buy a 2 year old V8R Coupe with all the bits on? Or even stretch to the £65K limit and get a V8R AWD?
Any advice is gratefully received, I know the V6S is the dynamic and economic sweet spot of the range if buying new, but if I buy the 2 year old V8R AWD for £65K (assume this would have retailed at £95K new) is this a 'sensible' choice too?
They had a new fully specced V8R Coupe in the showroom too and I've come to the conclusion that while the V6S is fast enough* for me, the V8R looks and feels so much better. I really want the bigger wheels, side skirts, front splitter, performance seats and extra leather and carbon which the V8R has.
I've decided I'm not prepared to buy new as I don't want to take the first year or twos depreciation. I want to limit the budget to £60K (ok maybe £65K for a perfect match), so the dilemma is do I try and find a one year old V6S Coupe with all these extras on for sub-£60K (which I think is highly unlikely to exist) or do I buy a 2 year old V8R Coupe with all the bits on? Or even stretch to the £65K limit and get a V8R AWD?
Any advice is gratefully received, I know the V6S is the dynamic and economic sweet spot of the range if buying new, but if I buy the 2 year old V8R AWD for £65K (assume this would have retailed at £95K new) is this a 'sensible' choice too?
- when I say fast enough I mean in most circumstances, if money were no object then of course I'd want it to be faster hence my desire for the V8R, but I don't want to lose a fortune on it over 18 months either
Edited by MikeE on Monday 25th April 13:08
I bought a year old V6S Coupe with 5300 miles on which has the 20" wheels,pan roof,performance seat and powered tailgate for 54.5k. Yes I would have liked the V8 but I couldn't justify the extra cost.
Doubt you will get a V8R AWD Coupe for 65k ?.
Doubt you will get a V8R AWD Coupe for 65k ?.
Edited by esso on Monday 25th April 13:30
How about this one at £69k, could potentially haggle that down towards £65k?
https://www.hafoxjaguar.co.uk/vehicles/ftype/ftype...
https://www.hafoxjaguar.co.uk/vehicles/ftype/ftype...
MikeE said:
Chevykevv said:
I've got a F-type R AWD as a courtesy car and it only does around 10mpg, that may have something to do with the spectacular exhauset sound. 
10mpg seriously?!?Assume this is around town as the official combine cycle is stated as 25mpg?
......as I said I get 22mpg out of my V6S and that`s driving it normally...now if I nail it that`s a different story......
Mike,
The V8 is the right choice - no regrets
I haven't driven the AWD version yet but have owned a couple of AWD performance cars (911 Turbo & GTR) and they can feel a little sterile at times due to the massive grip.
I really liked the rear wheel drive of the V8S, it reminded me of my Cerbera days but with the added benefit of traction control when needed. Lots of fun and controllable.
It depends what driving experience you want, but I wouldn't get too hung up on the AWD version.
The V8 is the right choice - no regrets
I haven't driven the AWD version yet but have owned a couple of AWD performance cars (911 Turbo & GTR) and they can feel a little sterile at times due to the massive grip.
I really liked the rear wheel drive of the V8S, it reminded me of my Cerbera days but with the added benefit of traction control when needed. Lots of fun and controllable.
It depends what driving experience you want, but I wouldn't get too hung up on the AWD version.
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