I have this car on a 4 year lease and I love it!. I'm paying slightly less per month, but had this deal been on the table I think I would've pick this instead. Mainly to avoid the 'out of warranty' 4th year.
Yes the basic mileage allowance is only 5,000 a year but I'm part of the 40% of drivers who do this kind of mileage. And the trouble is, I like nice cars. Please don't waffle on about pence per mile because I'm not going to drive up and down the country just to bring this down and make you happy!
So if you do a higher mileage then you probably have 5 options;
1) Work out the extra cost based on an excess charge which is usually about 12p per mile. (It's not listed but mine is just under 12p and there was a deal on here a couple of month's ago and that was just over 12p so it should be there abouts). i.e 8,000 miles a year would work out at £30 a month extra 2) Lease a cheaper car 3) Get a job nearer home 4) Move home to be nearer to work 5) Post a scathing comment below :smirk:
So not for those looking for a cheap commute but if you want a nice car then this works out to be cheaper than buying one and then suffering the depreciation.
NB: I've also noticed that they have the same car but with a 'Driver Pack' for £319 a month. This adds; • Metallic paint – worth £650 • Privacy glass - worth £370 • Cold climate pack (heated front windscreen, heated washer jets, heated steering wheel) – worth £435 • Parking pack (front parking aid, reverse park camera) – worth £530
1) work out the depreciation on owning the car new / nearly new over a given period of time.
2) work out the cost of leasing the car over the same period.
If 2 is less than 1, leasing may be a good deal, especially if you have better things to do with thousands of pounds than have it stuck in a depreciating asset.
MisterMadHatter
3 Jun 1711#58
No way! Was that you driving around Dudley at the weekend? Me and my little boy waved at you but I don't think you saw us. We managed to get a photo though.
zx636r to TANDY
2 Jun 179#5
Here we go. :neutral_face:
All comments (183)
puddles9999
2 Jun 171#1
Looks great, enjoy!!!
scottishpunter
2 Jun 173#2
Just ordered XF on a similar deal from Peter Vardy.
That looks like a cracking deal! Thanks for the link, I would prefer the XF personally
TANDY
2 Jun 178#3
Don't really get the benefits of leasing, all that money and you dont get anything at the end.
alu355 to TANDY
2 Jun 1743#4
Think of it like going to watch a movie
zx636r to TANDY
2 Jun 179#5
Here we go. :neutral_face:
damcnaught to TANDY
2 Jun 1717#6
1) work out the depreciation on owning the car new / nearly new over a given period of time.
2) work out the cost of leasing the car over the same period.
If 2 is less than 1, leasing may be a good deal, especially if you have better things to do with thousands of pounds than have it stuck in a depreciating asset.
monkeyhanger75 to TANDY
2 Jun 17#20
Don't really get the point of playing the Bangernomics game of chance, will probably need new tyres/pads/discs early doors, will give considerably lower mpg (due to advancements in newer cars and yours likely having clogged injectors), will probably cost more to tax and insure than a newer car, and if you're lucky, you won't have anything major go pop out of warranty. It will still depreciate (although maybe not more than a grand a year if you're in 7+ years old territory).
Aeschylus to TANDY
2 Jun 17#32
Simple, if an asset depreciates, rent it.
siadwel to TANDY
2 Jun 174#33
Think of it as a bit like joining a deals site and then not posting any deals.
jaydeeuk1
2 Jun 171#7
Not only that, leasing tends to include road fund licence, going for a car with list price of over £40k thats another £1200+ saved over 3 years (this isn't, but just an example)
The one with the driver pack is the better deal imo, comes to £7648.80
Whats the deal with the DPF, is this something covered under warranty? Mate at work has an audi a6 all road on lease but only the first DPF fault was cleared for free, subsequent were charged.
miykk
2 Jun 17#8
What is your approach to calculating depreciation? look at similar used cars?
chrisnoon74
2 Jun 17#9
have some heat, not sure why this is going cold
nivvy34
2 Jun 171#10
Looks a great deal, my 30 month old BMW 5 has depreciated more than that since I purchased it 18 months ago. In respect of the comment re calculating depreciation try Autotrader or if you have a reg no try we buy anycar.
tattertatter
2 Jun 172#11
This is quite useful for depreciation estimates if it's a fleet type car.
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Opening post
I'm paying slightly less per month, but had this deal been on the table I think I would've pick this instead. Mainly to avoid the 'out of warranty' 4th year.
Yes the basic mileage allowance is only 5,000 a year but I'm part of the 40% of drivers who do this kind of mileage. And the trouble is, I like nice cars. Please don't waffle on about pence per mile because I'm not going to drive up and down the country just to bring this down and make you happy!
So if you do a higher mileage then you probably have 5 options;
1) Work out the extra cost based on an excess charge which is usually about 12p per mile. (It's not listed but mine is just under 12p and there was a deal on here a couple of month's ago and that was just over 12p so it should be there abouts). i.e 8,000 miles a year would work out at £30 a month extra
2) Lease a cheaper car
3) Get a job nearer home
4) Move home to be nearer to work
5) Post a scathing comment below :smirk:
So not for those looking for a cheap commute but if you want a nice car then this works out to be cheaper than buying one and then suffering the depreciation.
Car Buyer Best Buys link
NB: I've also noticed that they have the same car but with a 'Driver Pack' for £319 a month. This adds;
• Metallic paint – worth £650
• Privacy glass - worth £370
• Cold climate pack (heated front windscreen, heated washer jets, heated steering wheel) – worth £435
• Parking pack (front parking aid, reverse park camera) – worth £530
with Driver Pack link
Top comments
2) work out the cost of leasing the car over the same period.
If 2 is less than 1, leasing may be a good deal, especially if you have better things to do with thousands of pounds than have it stuck in a depreciating asset.
:neutral_face:
All comments (183)
https://www.petervardy.com/jaguar/offer/xf-r-sport
:neutral_face:
2) work out the cost of leasing the car over the same period.
If 2 is less than 1, leasing may be a good deal, especially if you have better things to do with thousands of pounds than have it stuck in a depreciating asset.
The one with the driver pack is the better deal imo, comes to £7648.80
Whats the deal with the DPF, is this something covered under warranty? Mate at work has an audi a6 all road on lease but only the first DPF fault was cleared for free, subsequent were charged.
http://www.fleetnews.co.uk/car-running-costs-calculator?Years=4&Miles=80000&CarType=&Manufacturer=jaguar&Model=xe&CO2From=&CO2To=&BIKPriceFrom=&BIKPriceTo=&SortBy=IsFleetPick&SortDesc=False&FuelType=diesel