MT: 2016 XJ 5-year resale value vs. competition
#1
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MotorTrend:
Resale Value: 2016 Jaguar XJ vs. Lexus, BMW, and Audi - Motor Trend
Final tally -
Lexus LS460L - 47.68
Audi A8L 3.0T - 43.68
BMW 740i - 41.92%
Jaguar XJL 3.0 - 40.43%
Mercedes S-Class - 38.87
Cheers,
Wolfy
Resale Value: 2016 Jaguar XJ vs. Lexus, BMW, and Audi - Motor Trend
Final tally -
Lexus LS460L - 47.68
Audi A8L 3.0T - 43.68
BMW 740i - 41.92%
Jaguar XJL 3.0 - 40.43%
Mercedes S-Class - 38.87
Cheers,
Wolfy
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Ken Dreger (07-26-2021)
#3
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I 3rd the opinion.
#5
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In the USA, many, if not most, high-dollar luxury cars are leased because that entire monthly lease cost is a deductible business expense provided that car is used 100% for business only. Since most corporate executives own another car for pleasure, it's easy to meet that "100% business use" test. Leasing avoids the limitation on the amount of depreciation that may be claimed if that car was purchased. The lease rate factors in the amount of projected depreciation over the term of the lease, or a penalty for excessive mileage upon turn-in.
High depreciation benefits the second owner, who can save a bundle. I specifically searched for a 1-year old CPO XJ that was a corporate lease turn-in and was fortunate to find the exact car I wanted - colors, options, etc. Because that car had "high mileage" (28,000), I was able to negotiate the price even lower, to 60% of MSRP before my trade-in, because I knew that depreciation for high mileage must have been factored into that lease. I had no problem with that mileage because it was obviously all highway miles, which causes less wear and tear than short-trip, stop-and-go driving. Being CPO, my car had new brakes, almost new tires, and within a few months after I bought it a new water pump.
Buying CPO made good financial sense for me, now that I'm retired and don't have a business to run a leased car through. I'll let the other guy take the big depreciation hit for the first year or two, and spend that savings on my travels. The road to life is short, and I'm enjoying the drive!
High depreciation benefits the second owner, who can save a bundle. I specifically searched for a 1-year old CPO XJ that was a corporate lease turn-in and was fortunate to find the exact car I wanted - colors, options, etc. Because that car had "high mileage" (28,000), I was able to negotiate the price even lower, to 60% of MSRP before my trade-in, because I knew that depreciation for high mileage must have been factored into that lease. I had no problem with that mileage because it was obviously all highway miles, which causes less wear and tear than short-trip, stop-and-go driving. Being CPO, my car had new brakes, almost new tires, and within a few months after I bought it a new water pump.
Buying CPO made good financial sense for me, now that I'm retired and don't have a business to run a leased car through. I'll let the other guy take the big depreciation hit for the first year or two, and spend that savings on my travels. The road to life is short, and I'm enjoying the drive!
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Keep in mind that this thread is 5 years old. Comparing these vehicles today using 2016 models five years on puts the XJ solidly in last place in US dollars. This is not to say last place as the percentage of MSRP retained at five years, but still, JLR's abandonment of the flagship sedan hurts their values today. I agree with Ray, Stuart and Airth that this depreciation makes a used XJ affordable to many of us. I like my car more every time I drive it.
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