Thank you to the Jaguar team for allowing one of the CarLease UK team members (and his little girl) to rummage around one of the most luxurious, and quickest, SUV leasing options in the UK – the F-Pace SVR!
Before the F-Pace, Jaguar had limited itself to executive saloon style products with the XE and XF; these have been the backbone for the manufacturer for a number of years. The issues is that these type of cars are now on the decline for popularity due to – 1) company cars (which many of these were Jags) are not on the increase; and 2) SUV’s are now on the increase.
Historically, the mid to large executive saloon has been bolstered by the company car market. In the UK, as a tax regime controlled by emissions and car value (P11d), many vehicles are now becoming very expensive for employees to operate.
Before taking a company car you need to calculate the tax payable on the vehicle.
You do this by asking your supplier/credit broker for the P11d (recommended retail price including any options and accessories) and also for the CO2 per km for the vehicle (this will be anywhere between 40 – 180). Your rate of income tax will also be a key part of this; the higher your income the higher your tax exposure will be. Some cars are becoming very expensive unless they are a PHEV or fully-electric car. For Jaguar, the executive saloon is becoming less and less desirable as a company car in contrast to a number of successful years it had experienced.
The other issue is that for personal customers, SUVs are the most popular form of vehicle. Without a doubt, there has been a seismic shift in driver and customer behaviour.
Many families need a car which services many purposes – boot space, higher-driving position, aesthetically pleasing and good value.
Since the Nissan Qashqai commenced, many other manufacturers have jumped on board to push investment into these cars and these are now being manufactured in a number of forms and guises – micro/small/medium/large. The list is almost endless! It is now unaffordable to run multiples of vehicles for many individuals, with rising costs of fuel and insurance. The 4×4 and crossover simply fulfils most for the criteria. For those with slightly bigger budgets, the luxury manufacturers offer some great options and Jaguar, with its Land Rover collaboration, has to engage with the market. Low and behold, we saw the bigger SUV in the form of the F-Pace, followed shortly by the E-Pace, a competitor to the Evoque, Audi Q3 and BMW X2. Without these vehicles, many Jaguar dealerships would have been under massive pressure.
The investment into an SVR product is not surprising. While this will not be a company car option, for many individuals looking for some luxury (and performance) the F-Pace provides a great option. In the contract hire market, we welcome these types of vehicles, as it gives us the opportunity to offer a fixed term contract for drivers looking to operate a vehicle for a period of time (i.e. 2/3/4 years). When you buy these types of performance cars, you are liable to the market/depreciation and you can never guess where the car will be in 2-3 years. If you want to operate a fixed budget for a luxury car; contract hire is a great way of achieving this.
In terms of the luxury car shown here, the Jaguar F-PACE ESTATE 5.0 Supercharged V8 SVR 5dr Auto AWD, this is based on the following configuration:
· Ultra-blue Metallic Paint
· Lozenge quilted leather – Ebony/Light Oyster
· 21″ 5 split spoke diamond turned alloy wheels – style 5080
As standard the car includes 360 park distance control, 21” alloys, dual zone climate control, smart key entry system, meridian 380W audio, reversing camera, ambient interior lighting, emergency brake assist, touch screen display, heated front windscreen, heated rear windscreen, heated washer jets, rain sensing wipers, autonomous emergency braking, dynamic stability control, hill start assist, trailer stability assist, torque vectoring brake, adaptive dynamics, luxury carpet mats, traffic sign recognition, land departure warning system, lane keep assist, power tailgate, SD navigation, interactive driver display, push button starter, auto dimming rear view mirror, electric folding a heated door mirrors (with signature lamp), DAB radio, incontrol protect, quad exhausts, adaptive LED headlights, automatic headlights, front fog lights, gear shift paddles, heated leather steering wheel, Jaguar sense, reversible boot floor, keyless start, perimeter alarm and 14-way electrically adjustable seats. In terms of additional factory options consider – privacy glass, panoramic glass sunroof, head up display and the alloy spare wheel.
On the technical-side, company car and business users can note the P11d at £72,710.00 and CO2 at 272g/km. The 5000CC V8 8-speed auto engine (supercharged), delivers 550ps, 23.7 combined MPG and 0-62 times of 4.3 seconds. Service intervals on an SVR Jag are every 12 months or 16,000 miles, whichever lands sooner.
If you were looking to select a performance SUV leasing option, would the Jag SVR be your choice? Or would the Range Rover SVR, Audi SQ7 or BMW X5m or even a Porsche Cayenne Turbo or Maserati Levanti get your vote?
Find the webs best leasing deals on the awesome Jaguar F-Pace right here @CarLease UK