Jaguar XE – Best For Business?

By Geoff Maxted on 24 December, 2014

In recent years Jaguar Land Rover have gone from strength to strength consisting building upon their automotive success. The latest offering, the Jaguar XE, looks likely to continue that upward trend because it won’t just offer class-leading driving dynamics and drop-dead good looks when it arrives in showrooms next year, it will also offer the lowest cost of ownership of any of its premium rivals.

This should be of especial interest to fleet buyers.

Industry valuation companies agree that the Jaguar XE will offer stronger residual values than equivalent BMW 3 Series models. In fact, the latest figures show that the majority of leading valuation companies predict the XE will have stronger residual values than all of its premium rivals. Over three years or 30,000 miles, it is predicted that the XE will retain 45% of its value, placing it ahead of rival models from the likes of BMW, Mercedes and Audi.

Thanks to the ultra-low 99g/km CO2 emissions produced by the XE’s all-new 2.0-litre 163PS Ingenium diesel engine, the XE also has lower VED and Benefit In Kind rates than the BMW 3 Series, Mercedes C-Class, Audi A4 and Audi A5 as well as, the company say, better fuel economy.

That, along with affordable servicing, maintenance and repair costs; a low insurance group rating and, of course, class-leading residual values means that the XE will save customers thousands of pounds in ownership costs compared to the established competition. It is estimated, according to sources, that the total cost of ownership saving over 3 years or 36,000 miles versus the nearest rival is £2,215 before further benefit in kind savings.

JLR UK Managing Director Jeremy Hicks has the last word: “People expect Jaguars to feel luxurious, look superb and drive brilliantly, but many wouldn’t necessarily expect a Jaguar to be affordable – but we’ve worked hard to ensure the XE is just that. An enormous amount of effort has gone into developing everything from the new efficient Ingenium engines to the superb value-for-money service plans. The fact that valuation companies rank XE as having some of the strongest residual values in class is the icing on the cake. This is a car that appeals to the head just as much as the heart.”

Geoff Maxted-Motoring Correspondent