Jaguar XE R-Sport £299 month PCH Lease, 1 x23 payments = £7174.56 @ Stratstone
794°Expired

Jaguar XE R-Sport £299 month PCH Lease, 1 x23 payments = £7174.56 @ Stratstone

183
Found 2nd JunMade hot 2nd Jun
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 (_;)

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
Edited by a moderator:

Top comments

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Think of it like going to watch a movie

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



​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.

DudleyGuy

So cold, I bought a vintage sports car for less than 2000, and it's mine … So cold, I bought a vintage sports car for less than 2000, and it's mine to Keep. I turn heads everywhere I go!


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.

http://www.patent-cn.com/wp-content/uploads/2010/09/2010090815.jpg
Edited by: "MisterMadHatter" 27th Aug

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Here we go.
183 Comments

Looks great, enjoy!!!

Don't really get the benefits of leasing, all that money and you dont get anything at the end.

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Think of it like going to watch a movie

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Here we go.

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



​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.

damcnaught

1) work out the depreciation on owning the car new / nearly new over a … 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.



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.


damcnaught

​1) work out the depreciation on owning the car new / nearly new over a g … ​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.



​What is your approach to calculating depreciation? look at similar used cars?

have some heat, not sure why this is going cold

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.

This is quite useful for depreciation estimates if it's a fleet type car.

fleetnews.co.uk/car…sel

OP i think your going to the extreme to try and justify your case. Where do you get the idea 40% of drivers do less than 5k miles per annum? Considering the average mileage is 10k, i highly doubt that 40% of all drivers do less than 5k per annum.

Ive always said the same, if you do so little mileage, you must ask yourself: "Do i really need a car?"
IMO users who barely drive a car hardly need one except for the odd trip away (which can be done on the train anyway)

jaydeeuk1

Not only that, leasing tends to include road fund licence, going for a … 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 £7648.80Whats 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.




DPF is tricky garage can blame your driving style and make you liable.
As soon as the light comes on dont delay rev over 2000 till it goes.

I like

It's a great looking car, have some heat OP. Cheapest way of financing it for sure
Edited by: "taker920" 2nd Jun

No car ever returns as an investment. Leasing at least let's you drive the car with a minimal loss and is all encompassed in one payment

Good find!

118luke

OP i think your going to the extreme to try and justify your case. Where … OP i think your going to the extreme to try and justify your case. Where do you get the idea 40% of drivers do less than 5k miles per annum? Considering the average mileage is 10k, i highly doubt that 40% of all drivers do less than 5k per annum.Ive always said the same, if you do so little mileage, you must ask yourself: "Do i really need a car?"IMO users who barely drive a car hardly need one except for the odd trip away (which can be done on the train anyway)



Average mileage in this country is 7,900 miles per year according to government statistics. There are lots of drivers that only cover low mileage for various reasons; e.g. retired people, part time workers, people that work only a few miles from home, people with motability vehicles, people that car share with colleagues and those that are lucky enough to not need to work despite being of working age (wealthy partner/spouse).
Edited by: "Guzzle" 2nd Jun

Original Poster

118luke

OP i think your going to the extreme to try and justify your case. Where … OP i think your going to the extreme to try and justify your case. Where do you get the idea 40% of drivers do less than 5k miles per annum? Considering the average mileage is 10k, i highly doubt that 40% of all drivers do less than 5k per annum.Ive always said the same, if you do so little mileage, you must ask yourself: "Do i really need a car?"IMO users who barely drive a car hardly need one except for the odd trip away (which can be done on the train anyway)


I said 40% of drivers do this kind of mileage which I got from this link statista.com/sta…uk/ (previously posted on this website by Bertz99 - thanks Bertz)
This actually shows that 42% of drivers do less than 6000 miles a year but I was being approximate.
Maybe I am going to extremes but I do get fed up with a minority of people on here saying you CAN'T own a nice new car if you do a low mileage. It's not my fault I do a low mileage. But I do need a car as I occasionally have to meet clients or collect them from the train station.
And I don't fancy buying 4 train tickets every time the family wants go somewhere. That's just being a bit silly.

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



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).

Original Poster

miykk

What is your approach to calculating depreciation? look at similar used … What is your approach to calculating depreciation? look at similar used cars?


This one on Auto Trader is already down to £22,950 and it's not 2 years old yet so I would be surprised if you got any more than £20,000 if you took it back after 2 years with 10,000 miles on the clock. From an outlay of around £33,000 that's a loss of £13,000 which is why leasing can 'sometimes' make sense. (to me anyway, not to everyone :3).

Stan

I like


I totally get the like nice things argument even if you don't use them very much. What i don't get is why choose this diesel for 5K per year when you could go for something quick and without any possible dpf issues. Its not as though fuel cost would be a concern. Still each to their own.

dont.mack.me.off

I totally get the like nice things argument even if you don't use them … I totally get the like nice things argument even if you don't use them very much. What i don't get is why choose this diesel for 5K per year when you could go for something quick and without any possible dpf issues. Its not as though fuel cost would be a concern. Still each to their own.



Agree. Diesel and 5k a year isn't a great combo. Having said that there are a lot of gutless petrols still floating about so perhaps this is a better drive.

markymark34

Agree. Diesel and 5k a year isn't a great combo. Having said that there … Agree. Diesel and 5k a year isn't a great combo. Having said that there are a lot of gutless petrols still floating about so perhaps this is a better drive.



You own the car for 2 years and it will be under warranty for those 2 years. Any issues with low mileage and the Diesel engine is unlikely to manifest itself within the first 2 years. It will be someone else's problem by the time it happens.

It's not ideal using a diesel car for low miles but it isn't necessarily going to cause you a problem unless all you do is lots of short journeys on slow roads. Many modern diesel cars now do auto regens (mine does, not sure about this one) to burn off the soot without the need for constantly burying your accelerator pedal.

We loved the XE, and test drove one for a whole weekend. The issue was that everything was an added extra (compared with other brands), and taking the likes of the Drive pack was a must to get a premium feel from the car internally, and functionally. Had it not been for this we would have had one in Caesium blue in heartbeat.

I think if you go an look at one, you'll appreciate that all of the extras are probably worth it for £20 a month.

I want a really really nice car, but only want to pay £150 hmmm

Mada06

You own the car for 2 years and it will be under warranty for those 2 … You own the car for 2 years and it will be under warranty for those 2 years. Any issues with low mileage and the Diesel engine is unlikely to manifest itself within the first 2 years. It will be someone else's problem by the time it happens.



I wasn't talking about warranty. Just saying low mileage and diesel doesn't really make sense.
I've just returned my first lease car. Was a completely stress free two years. Highly recommended.

I reckon this is a good deal although personally I wouldn't go for a car like this if I was doing such a low mileage. That said, if it suits the OP's circumstances and it's what he wants to spend his money on then fair enough.
While I totally get the message that if the cost of the lease deal is less than the cost of depreciation then the lease deal is attractive. What I can't understand is how this all works and how the lease companies make money? I'm left assuming that the initial price paid for the new car by the leasing co. must be well below the price that a private buyer can achieve. If this is correct then those cars that are available on attractive lease deals must be same ones that private buyers should not consider buying simply because they'll likely have to pay over the odds and if they do so will essentially be subsidising those cars sold to the leasing co's. That said, maybe I should get out more, stop overthinking this stuff and simply grab an attractive lease deal without caring how it all works!!!

I have one of these, paying £360pm all in with optional paint and meridian stereo. and 8k PA.

118luke

Where do you get the idea 40% of drivers do less than 5k miles per annum? … Where do you get the idea 40% of drivers do less than 5k miles per annum? Ive always said the same, if you do so little mileage, you must ask yourself: "Do i really need a car?"IMO users who barely drive a car hardly need one except for the odd trip away (which can be done on the train anyway)


So how do you suggest those of us that 'only' drive 100 miles a week get around?
Bicycle, taxi, walk, flying carpet!
If I lived in London I can and did live without a car but most other places I have lived a car is essential.

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Simple, if an asset depreciates, rent it.

TANDY

Don't really get the benefits of leasing, all that money and you dont get … Don't really get the benefits of leasing, all that money and you dont get anything at the end.



Think of it as a bit like joining a deals site and then not posting any deals.

KnightInd2000

This one on Auto Trader is already down to £22,950 and it's not 2 years … This one on Auto Trader is already down to £22,950 and it's not 2 years old yet so I would be surprised if you got any more than £20,000 if you took it back after 2 years with 10,000 miles on the clock. From an outlay of around £33,000 that's a loss of £13,000 which is why leasing can 'sometimes' make sense. (to me anyway, not to everyone ).


The thing is you can pick up something very similar on Drive the Deal for 28.5k. I'm not totally anti lease, it's very personal and down to individual circumstance, wants and needs. This thread is the kind of conversation between myself and the wife when we are looking at a new car (like now). Do the sums for how long you intend to keep a car for, the original purchase price and look at similar current for sale age wise on Auto Trader.

Thanks for the link.

stevehart9

No car ever returns as an investment. Leasing at least let's you drive … No car ever returns as an investment. Leasing at least let's you drive the car with a minimal loss and is all encompassed in one payment


This generalisation is not quite true, there are cars that are worth several millions now when they were only a few hundred thousands when new.
Agreed though that for mass market cars, no car will be worth more than its RRP after a few years.

Great car!

Is there any requirements to return the car in mint condition? What are the penalties for minor scratches/chips?

How does it work out in case of an accident, say in the first month of lease? I guess the insurance pays directly to the garage, but do I also have to pay the remaining months of lease?

KnightInd2000

And the trouble is, I like nice cars.



If you like nice cars, why have you gone for the XE? oO

scottishpunter

Just ordered XF on a similar deal from Peter … Just ordered XF on a similar deal from Peter Vardy.https://www.petervardy.com/jaguar/offer/xf-r-sport



That looks like a cracking deal! Thanks for the link, I would prefer the XF personally

danilovesky

Is there any requirements to return the car in mint condition? What are … Is there any requirements to return the car in mint condition? What are the penalties for minor scratches/chips?How does it work out in case of an accident, say in the first month of lease? I guess the insurance pays directly to the garage, but do I also have to pay the remaining months of lease?



There's is a BVRLA guide as to what counts as damage and what is acceptable wear and tear. The tolerances are actually quite reasonable, although it is still in your interests to treat the vehicle with respect if you care about avoiding unnecessary costs.

As for insurance, you'll need a fully comprehensive policy, and you'll also need to tell your insurer that the vehicle is leased.

If you have an accident early doors it will depend on how bad it is as to how it is dealt with. If the car is a total loss then once your insurer has paid up then the contract would normally be terminated, however you may be liable for monthly payments in the interim if the claim drags on. You may also be liable to pay any shortfall between the insurance payout and the value of the car, so you may wish to consider a gap insurance policy to run along side.

If not a total loss then the contract will continue, although you will need to ensure the vehicle is repaired to a good standard. The lease company should be able to tell you who the approved body shops are, so they may not accept any repairs done on the cheap at backstreet garages.
Edited by: "Guzzle" 3rd Jun
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