Buying a used Jaguar with hire purchase (HP) car finance

Jaguar is a British luxury car manufacturer known for its elegant design, advanced technology, and strong performance.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Jaguar within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Jaguar model straight away.

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Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Jaguar?

If you’re considering purchasing a used Jaguar, here’s a detailed look at what you should know about its strengths and weaknesses:

Strengths of Jaguar

  1. Luxurious design:
    Jaguar vehicles are celebrated for their sophisticated and elegant design. From the sleek lines of the XF to the sporty stance of the F-Type, Jaguars offer a timeless and refined aesthetic.
  2. Performance:
    Jaguar cars are known for their strong performance and dynamic handling. Models like the XE, F-Pace, and F-Type deliver a thrilling driving experience with powerful engines and precise steering.
  3. Advanced technology:
    Jaguar incorporates cutting-edge technology in its vehicles, including advanced infotainment systems, driver assistance features, and high-quality audio systems. These tech features enhance both driving pleasure and safety.
  4. Comfort and interior quality:
    Jaguars are equipped with high-quality interiors, featuring premium materials, comfortable seating, and attention to detail. Models like the XJ and I-Pace offer luxurious cabins with modern amenities.
  5. Heritage and prestige:
    Owning a Jaguar is often associated with prestige and heritage. The brand's long history and reputation for excellence add to its allure and desirability.
  6. Resale value:
    While some luxury cars depreciate quickly, Jaguars often maintain good resale value, especially well-maintained models with desirable features.

Weaknesses of Jaguar

  1. Maintenance costs:
    Jaguar vehicles can be expensive to maintain. Parts and service costs are typically higher than for non-premium brands. Be prepared for potentially higher running costs, including insurance and repair bills.
  2. Reliability concerns:
    Some Jaguar models have been criticised for reliability issues. It's important to research specific models and model years to identify any common problems or recall issues.
  3. Fuel efficiency:
    Due to their performance-oriented nature, some Jaguar models may not be as fuel-efficient as other cars in the same class. Consider the ongoing fuel costs based on your driving habits.
  4. Depreciation on certain models:
    While Jaguars can hold their value well, some models may experience significant depreciation, especially higher-end models or those with less demand in the used car market.
  5. Complex technology:
    The advanced technology in Jaguars, while a strength, can also be a drawback. High-tech features might require expensive repairs if they malfunction. Ensure that all electronic components are functioning properly before purchasing.

Tips for buying a used Jaguar

  • Research specific models:
    Popular models like the XE, XF, F-Pace, and F-Type each have unique characteristics. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check service history:
    Ensure the vehicle has a comprehensive service history. Regular maintenance by authorized Jaguar service centres is a good indicator of a well-cared-for car.
  • Inspect for wear and tear:
    Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider certified pre-owned:
    Buying a dealership-certified pre-owned Jaguar offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate running costs:
    Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget. Jaguars generally have higher running costs, which is typical for luxury vehicles.

Overall, a used Jaguar can offer a luxurious and exhilarating driving experience, with advanced technology and strong performance. By doing thorough research and inspections, you can find a high-quality used Jaguar that meets your needs and provides lasting satisfaction.

Buying a used Jaguar with HP car finance

One of the ways to buy a used Jaguar , if you do not have enough money to pay for it in full straight away, is to use Hire Purchase car finance (HP car finance).

This is where you ‘hire’ the Jaguar from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Jaguar from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Jaguar completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Jaguar could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Jaguar are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Jaguar today: with HP car finance you can get a Jaguar, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Jaguar: cars are expensive, but are often an essential part of daily life. When you buy your Jaguar with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Jaguar will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Jaguar you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Jaguar at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Jaguar at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Jaguar being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Jaguar is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Jaguar’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Complete the same day

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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