Let’s face it. For the most part, sports cars often carry a significant premium. However, with Black Friday around the corner and massive discounts available, now may be the best time to pull the trigger on one. The sports car in question is the 2021 Jaguar F-Type. With an available 575-hp supercharged V8, the F-Type R has a lot going for it. According to CarsDirect, Jaguar is offering up to $16,000 off the base price, meaning your next weekend toy could be cheaper than expected.

The 2021 Jaguar F-Type R gets up to $16,000 off

Let’s start by breaking down the available deal and all of the fine print. For starters, these discounts are available for the 2021 Jaguar F-Type R, meaning you’ll get the refreshed exterior and interior design. Additionally, you’ll get to pick between the convertible and the coupe body style.

According to CarsDirect, the biggest discount comes from a direct mail coupon that’s good for $10,000 off. That means that just checking your mailbox could save you five figures. According to CarsDirect, the main offer is available for the V8-powered convertible and coupe Jaguar F-Type. However, if previous Jaguar incentives are anything to go by, the other trim levels will likely also receive major discounts.

From there, you have two financing options. The first is the ability to stack your $10,000 discount with 0 percent financing for 72 months. The benefit here is that you’re saving both upfront and in the long term. On a $70,000 car, the interest alone could be around $10,200 over a six-year span. So if we factor both, you’ll come out saving closer to $20,000 by the time the car is paid off.

If you prefer cash up front, there’s good news. That’s because Jaguar is offering an additional advance of $6,000 if you finance through them. However, there is a catch. If you do take the $6,000, you’re not eligible for the 0 percent interest rate. In this case, CarsDirect estimates that the best option is to take the no-interest loan.

The Jaguar F-Type R V8 starts at $103,200

Now that we’ve determined how much you’ll save let’s sort through the trims and pick the best option. For starters, the 2021 Jaguar F-Type V8 has a base price of $103,200. If you prefer the convertible with the V8, it’ll cost you $105,900. If we factor in the aforementioned discounts, you could end up with either of these six-figure Jaguars for $87,200 and $89,900, respectively.

To put that into context, the lower trim six-cylinder model starts at $81,800 for the coupe and $84,900 for the convertible. The result is that the difference between the mid-tier and the flagship becomes marginal. However, if the fire-breathing V8 isn’t for you, CarsDirect reports that the lower-trimmed Jaguar F-Type models are also available with 0 percent interest for 72 months.

Here’s why you need an F-Type in your life

Under the hood of the V8-powered Jaguar F-Type R lives a 5.0-liter supercharged engine developing 575 hp. Couple that with the F-Type R’s 3,843 curb weight, and you get a 0-60 time of 3.5 seconds. Fully unleashed, the F-Type R will continue to a top speed of 186 mph. The only transmission option is an eight-speed automatic mated to an all-wheel-drive system. In short, the F-Type is a true sports car.

Specs aside, the F-Type is a stunning looking machine. If reviews such as the ones published by MotorTrend are anything to go by, it’s also fantastic to drive. So if you’ve been contemplating pulling the trigger on a brand-new sports car, a heavily discounted Jaguar F-Type R is a serious contender.