F-type Short Term Ownership Options?

[MikeE]

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

[MikeE]

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?

[MikeE]

Wow that's a 25% discount off list. Best I've seen (through Carwow) is an offer of 10% off a new V6S Coupe listing around £65k.

Anyone else manage a large discount and if so how?

[MikeE]

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?

• 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

[MikeE]

How about this one at £69k, could potentially haggle that down towards £65k?

https://www.hafoxjaguar.co.uk/vehicles/ftype/ftype...

[MikeE]

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?

[MikeE]

Phil. said:

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.

Phil I've had a pre-cat Griff, two new Tuscans (in 2000 and 2001), a Grif 500 and a Tuscan S. Oh and a 560bhp/tonne Caterham so I appreciate the tail happy character

Heart says V8R but head says V6S....

[MikeE]

ToneyCaroney said:

MikeE said:

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?

Edited by MikeE on Monday 25th April 13:08

I think the slower one is probably better for you Mike.

I don't want the V6S I want the full fat new V8R Mrs E and I were drooling over in the showroom yesterday....but that's £94K which is V12 Vantage territory!!

[MikeE]

TravelsVeryRapid said:

I have just taken delivery of a V6S. Before I picked it up the dealer lent me a V8 for a couple of days. While Iike the look of the quad exhaust on the V8 it felt a bit front end heavy. The V6 isn't that much slower and it drives better ( imho of course) so I am very happy with my choice. I also still have my TVR Tuscan and to think that the price difference between the V8 and the V6 would be about the worth of the TVR, for the sake of reaching 60mph in just over half a second quicker and 15mph faster it just wasn't worth it.

Edited by TravelsVeryRapid on Tuesday 26th April 10:30

The financial comparison is no doubt true if buying new (typical list being £65K V6S Coupe and £90K V8R) but when you're looking at £55K for a 1 year old V6S or £60K for a two year old V8R then the purchase price difference is less of a driver?

If I could find a 1 year old V6S that looked like the V8R in the pictures above then I'd be happy to buy that, but I can't see anyone would have specced all the extra bits on a V6S as it would have taken it up to £75K+ new?

[MikeE]

esso said:

Checkout how many pre - owned V8R,s are for sale then compare how many V6S,s are for sale,that should tell you a story.

You mean there's a lot of pre-owned V8Rs around as they're difficult to shift?

Must say the depreciation on the V8R in the first two years is much worse than the V6R (if looking at dealer prices)

[MikeE]

Chevykevv said:

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?

Well i've done a couple of runs today from Huntingdon to Colchester and back and averaged 21.8mpg going and 23.1mpg upon return (it was snowing around Cambridge so i did slow down a bit)

Sounds good to me!!

So where does this talk of 10mpg come from? Is that on a drag strip?!??

[MikeE]

I bought my first TVR in 1996, then two new Tuscans in the early 2000's then two more this decade, I'm done with them now and want something I can jump in and go, has some style and performance, feels a bit special and I can drive through the Alps and into Italy with. So the F-type or a vantage would seem to fit the bill

Surely an open diff isn't engaging, saying all the above I still want something I can slide out of corners (or donut lol)

[MikeE]

scottyr said:

I bought new just to take advantage of the better pcp deal.

Got a basic 340 (fast enough) spec'd to 62k for 53.5.

In ha fox Nottingham, they have the same car with powered tailgate, cyclones and 700w system for sale now at 67k. Who the feck is gonna pay that when ha can spec a new s for 62k.

HA Fox Nottingham told me to expect 10% off list if I buy new from them.

[MikeE]

Ok told the dealer to find us a 2 year old V8R or a one year old V6S that looks like an R

So the concensus seems to be that on a long motorway run the V8R consumption won't be much more than the V6S but around town or thrashing it will result in significantly worse consumption than the V6S. No surprise I guess given its a supercharged 5.0L V8 pushing out 550BHP.....

So any pointers for good insurance companies?