iPace currently available for £400/month wow!!

[DonkeyApple]

y.k said:

Why would you purchase a deprecating asset outright? Unless you plan on keeping it for almost ever, it makes no financial sense.

Hmmm. Now let us consider that you are not going to mystically avoid depreciation on a car regardless of whether you acquire three years use of it via PCP, HP, bank loan, mortgage extension or cash, which method do we suspect costs more money? The clue lies in it being the same method that the manufacturer favours due to making the most profit.

This ‘renting of depreciating assets’ is an extremely childish and low end response with its history in a flippant remark by Felix Dennis that now gets taken out of context and used as the battle cry of the YOLO man who has chosen to identify as a female shopper living beyond their means. . It is almost never used by anyone who actually understands what it implies, it’s true meaning.

Borrow his book, read it and learn what the remark was really about and whether it even remotely applies to an individual consumer’s actions.

[DonkeyApple]

gangzoom said:

Gosh I hope JLR have planned for a contingency when all these cars come back after lease.

If they aren't careful these 'cheap' deals will do to iPace residuals what Nissan did to Leaf residuals back in 2014/15 with similar fire sale style deals.

Yup. It’s a gamble that by getting them out there more quickly they can learn more for the following cars, get more publicity and awarenesss, have an improved model ready in time for the rollover and for this to be more profitable a strategy.

I suspect that without doing this though they just wouldn’t have got many out the door. It’s not really a brand that historically excites or even attracts tech adopters etc.

I probably notice as many of these around the Cotswolds now as I do the Model S. They are lovely looking cars but the lease deals are such low mileage that they reduce the car to being a local shopping car or the weekend tool of the City dweller.

It may well be that it’s the second user of these cars who is able to get the most out of them and use them for the higher mileages that beginnto help justify the cost? And maybe that’s another reason for Jaguar doing what they are doing, it’s a small data set so get as many consumers as possible to create as focussed a data set as possible in the first couple of years and then a more general set of data after? Who knows, it’s probably just about ensuring enough demand for a completely new product type that Jag have never sold before and you wouldn’t have expected to associate with Arthur Daley’s suburban saloon company.

[Basil Brush]

Nothing attracts a crowd like a crowd, as the song goes...

[anonymous-user]

saaby93 said:

https://www.gateway2lease.com/cars/jaguar/i-pace/i...
24 months 5 kmiles
initial of £3,689.93inc VAT followed by
23 x £409.99 inc VAT per month
£198 fee
13,317.70
£554.90 ammortised per month

10k miles 2 years
£3,892.43 +£198 + 23 x £432.49
£14046.90
£585.29 ammortised per month

10k miles 3 years
£4,420.01 +£198 + 35 x £491.11
£21806.86
£605.75 ammortised

Edited by anonymous-user on Tuesday 3rd September 00:42

That's quite attractive really. You can bump it to 8k miles/year and it only costs about £1/month more.

At the moment it might suit a lot of people to do a 2 year lease and wait for more EVs to become available. It's also considerably cheaper than a new Leaf 62 / eNiro / Kona, although obviously you don't get any equity at the end.

[oop north]

DonkeyApple said:

Yup. It’s a gamble that by getting them out there more quickly they can learn more for the following cars, get more publicity and awarenesss, have an improved model ready in time for the rollover and for this to be more profitable a strategy.

I suspect that without doing this though they just wouldn’t have got many out the door. It’s not really a brand that historically excites or even attracts tech adopters etc.

I probably notice as many of these around the Cotswolds now as I do the Model S. They are lovely looking cars but the lease deals are such low mileage that they reduce the car to being a local shopping car or the weekend tool of the City dweller.

It may well be that it’s the second user of these cars who is able to get the most out of them and use them for the higher mileages that beginnto help justify the cost? And maybe that’s another reason for Jaguar doing what they are doing, it’s a small data set so get as many consumers as possible to create as focussed a data set as possible in the first couple of years and then a more general set of data after? Who knows, it’s probably just about ensuring enough demand for a completely new product type that Jag have never sold before and you wouldn’t have expected to associate with Arthur Daley’s suburban saloon company.

Some assistance will come from all the accountants and tax advisors or the land advising company owning clients to get EVs from April next year - that should help with a spike in demand, though who knows what the net effect will be

[simonwhite2000]

Sat in one quite recently - cabin was a bit of a let down, Jag infotainment always seems outdated to me. Better than a Model 3 cabin though

[SWoll]

simonwhite2000 said:

Sat in one quite recently - cabin was a bit of a let down, Jag infotainment always seems outdated to me. Better than a Model 3 cabin though

Starting price is nearly £30k more than the Model 3, you'd hope they spent the extra somewhere.

[squirdan]

That lease quote is for the S. Which IMO looks a bit st. And won’t have the pano roof or half the spec you want. I tried to find an HSE in a sober colour... loads of adverts for c £550... no actual cars . Click bait....

[SWoll]

squirdan said:

That lease quote is for the S. Which IMO looks a bit st. And won’t have the pano roof or half the spec you want. I tried to find an HSE in a sober colour... loads of adverts for c £550... no actual cars . Click bait....

Yep. S spec is not great and genuine HSE cars very pricey even for 5k miles per year.

R.Sole said:

:Nono:

Opportunity cost innit, double digit gains mate!

Fly floats or Fukcs rent, but don’t say rent because even though they advocate it they don’t like you saying it!

More a case of how many people have got £65k sat around waiting to be spent on a car, and are willing to take the chance on a depreciation figure for an EV at the moment?

Assuming not you will have to finance in one way or another and some of the PCH deals are very tempting, have a clear cost and don't require a £65k commitment in the hope that the arse doesn't fall out of the used market.

Suggesting cash is always king is just as naive as suggesting you should always rent. You have to do the numbers and decide which risk/commitment you are most comfortable with.

[saaby93]

How much to lease a used one?
https://www.autotrader.co.uk/classified/advert/201...
It doesnt look too bad in S spec

[Dave Hedgehog]

saaby93 said:

How much to lease a used one?
https://www.autotrader.co.uk/classified/advert/201...
It doesnt look too bad in S spec

That car has been up for sale for ages even thou it’s hugely discounted, it’s either a wrongun or the market just does not like the iPace which would be a shame, the press have reported huge amounts of stock in the US (6 months) and the UK

https://insideevs.com/news/368353/global-jaguar-ip...

It may just be the price thou

[DonkeyApple]

oop north said:

Some assistance will come from all the accountants and tax advisors or the land advising company owning clients to get EVs from April next year - that should help with a spike in demand, though who knows what the net effect will be

Yup. I think generally speaking the change will see a more significant effect at the bottom end as firms such as John Lewis etc make stronger drives towards getting their staff to pay and promote a green corporate PR agenda. While at the top end with products like this, the Taycan or Model 3 it’s going to be more about personal business owners and how much profit those businesses have been able to make.

[DonkeyApple]

Dave Hedgehog said:

That car has been up for sale for ages even thou it’s hugely discounted, it’s either a wrongun or the market just does not like the iPace which would be a shame, the press have reported huge amounts of stock in the US (6 months) and the UK

https://insideevs.com/news/368353/global-jaguar-ip...

It may just be the price thou

People are just keeping their hands in their pockets in 2019. All premium goods companies have seen a massive slow down in top end stock sales through the year in the US, EU and Asia.

This enormous consumer slowdown at the higher end is hard to factor in to the EV market as it’s just so new and with such small amounts of data but nothing ‘big ticket and totally non essential’ is flying off the shelves.

If things continue for much longer then the manufacturers just won’t be able to prop up residuals as there will just not be enough demand and we might get real market forces pricing cars at the end of their initial lease, which firstly is why it’s probably smart to lease premium EVs at the moment and secondly might speed up the filtering out of EVs to consumers that are able to economically benefit from them v ICE.

[Witchfinder]

dwrights said:

The I Pace is just too expensive. HSE should cost new £49,995.00 - S Model should be £39,995

I'd bite at that price. Electric cars in general are too expensive. That's why it's probably best to lease at this stage in their development. Price parity will come, but it's going to take another few years.

[dmsims]

Witchfinder said:

I'd bite at that price.

Legendary JLR unreliability

<200 mile winter range

Slow charging on a 100Kw charger

Bargepole springs to mind

[DonkeyApple]

Witchfinder said:

dwrights said:

The I Pace is just too expensive. HSE should cost new £49,995.00 - S Model should be £39,995

I'd bite at that price. Electric cars in general are too expensive. That's why it's probably best to lease at this stage in their development. Price parity will come, but it's going to take another few years.

It’s also a shame that there isn’t an option for fewer batteries. As a family an EV makes for a brilliant local runabout where pretty much all the differences of the EV over ICE are big benefits in no need of man maths. For the big family duties they don’t instantly make sense and their differences don’t immediately translate as advantages.

I don’t see that many Ipaces on the M40 doing the London to GL run unlike Tesla’s but I see as almost many around The Cotswolds as Tesla’s just driving around.

For me the Ipace is a lovely local car for pottering but it would barely need a 50 mile range, callnit 100 so as to have a buffer. So for local pottering would I rather have an Ipace with half the batteries in it or be sitting in a Hyundai, Leaf, Model 3 or i3? For me I would leap at the Jag over any of the others.

They could just call it the Kensington edition and market it for people so rich they just don’t ever need to drive more than a few miles but when they do drive those miles they don’t expect to be sitting inside a plastic turd.

[SWoll]

Witchfinder said:

dwrights said:

The I Pace is just too expensive. HSE should cost new £49,995.00 - S Model should be £39,995

I'd bite at that price. Electric cars in general are too expensive. That's why it's probably best to lease at this stage in their development. Price parity will come, but it's going to take another few years.

I'd suggest the only EV that currently offers parity (or possibly a better deal) with it's ICE equivalents for both spec and performance is the Model 3, assuming of course you are happy to compare it with offerings from Audi/BMW/MB.

The iPace is overpriced but not by £25k in my opinion. Dropping £10-15k would bring it broadly in line with comparable models from the F-Pace range, ay whihc point it would be more attractive to a lot of buyers..

[red_slr]

Just coming up on 1000 miles on our ipace and 6 months ownership. So far (now I have said it) so good.
Once we are firmly in the new year we need to seriously start to look at what to replace it with as this has very much been a trial for us.

[ds666]

SWoll said:

Witchfinder said:

dwrights said:

The I Pace is just too expensive. HSE should cost new £49,995.00 - S Model should be £39,995

I'd bite at that price. Electric cars in general are too expensive. That's why it's probably best to lease at this stage in their development. Price parity will come, but it's going to take another few years.

I'd suggest the only EV that currently offers parity (or possibly a better deal) with it's ICE equivalents for both spec and performance is the Model 3, assuming of course you are happy to compare it with offerings from Audi/BMW/MB.

The iPace is overpriced but not by £25k in my opinion. Dropping £10-15k would bring it broadly in line with comparable models from the F-Pace range, ay whihc point it would be more attractive to a lot of buyers..

Not sure what you the i pace is being compared to wrt. to price . It has a high spec as standard and 400bhp . The SVR f pace is probably the closest spec and that is a similar price-ish . Isn't it similar to a Range Rover Sport ?

[anonymous-user]

red_slr said:

Just coming up on 1000 miles on our ipace and 6 months ownership. So far (now I have said it) so good.
Once we are firmly in the new year we need to seriously start to look at what to replace it with as this has very much been a trial for us.

1000 miles in 6 months? Do you really need a car?