I thought I'd update my previous post with exact numbers. I purchased my SV8P on May 17th, 2013 for $37,000.00. Again it had 42,000 miles on it and was almost perfect. (It needed the wheels refurbished, a drivers side floor mat, control arm bushings and some minor paint correction). It was sold buy a dealer in Thousand Oaks who was asking 39,995.00 for it.

FWIW (which is absolutely zero): it is now all sorted and then some, new Arnott upgraded dampers, ACM, fully polished wheels, even a few extra wheels. That said I have put a lot of miles on it, and now with close to 70k on the odometer, if I had to sell it I'd like to think I wouldn't part with it for anything less than $35,000.00.

 

Insurance companies payoffs are based on market average of the same car along with sales tax. DO NOT let them short change you on sales tax. I always tell my bodyshop customers to call me after they offer a payoff so I can tell him if it within reason or not. I got a customer an extra $600.00 because he has just bought new tires 3 months earlier for $800 that the payoff didn't include.


If you made any repairs (Not oil changes) or any major purchases (tires) within the last 6 months these receipts need to be shown to the insurance company so they can add that to the payoff. I would also suggest asking for a 3rd party arbitrator, 100% in your legal right and allowable in every state, to come up with a more agreeable settlement. You do not have to pay for this, just mention to them that you need to get a independent appraiser involved as you are too far apart settlement wise. Hope this helps and I didn't come to late to the party to help you.

 

I know this is too late but here in the UK there are specialist car insurance firms that offer 'Classic Car' insurance where you can insure a car for an agreed value in case of a write-off.

I guess 350s are still a bit young to fall into that class, more like E-Types, Mk2s etc, but worth bearing in mind if you get another and spend a lot on doing it up.

 

Just found a Wintergold one for sale in GA with 52,000 miles on it - asking $45,000.00.

http://www.autotrader.com - AT ID# AT-1539FF89 (sorry hyperlink didn't work) it listed as a 2006 Jaguar XJ Vanden Plas Super V8 Portfolio

 

@MarcB

Thanks for the thread tip off...... I don't visit here anymore since I sold my SV8 PFL.

@Portfoliolio

Very sorry to hear about your incident. These are beautiful rare cars and it's a real shame to lose one due to someone elses carelessness. To try and help...... I recently sold my 2006 car with 89k miles on it for $25k My car was "ok"..... it had not had any suspension work...... the wheels were needing refurbed........ I was the third owner..... one of the rear video systems wasn't working.

Knowing MarcBs car personally, I would describe it as "perfect" and I think it's worth every penny of $35k

I think these cars, being rare, are very sensitive to mileage..... if your was a low mileage car then the value would be significantly more. Good luck,and at least you are ok after the crash

 

Portfolio, check out Jon89s thread below for tips on getting 'proper' and 'diminished' value from your car. He's got experience in doing exactly what you're attempting. Its worth the effort to get the difference in what you want vs what they are offering.

https://www.jaguarforums.com/forum/x...-today-118681/

 

The saga so far. Monday, June 23rd was day 51 that the other driver's insurance, Geico, handled the claim. It was also their last day for the claim. They stood their ground on the offer of $21,500 and I told them where to put it. This car was immaculate. They would not provide me with the information on the vehicles that they used to determine that price and completely ignored the information that I send to them (which included 4 vehicles currently for sale and 2 that were recently sold). I switched the claim to my insurance, Liberty Mutual, and my only regret is that I did not do that much, much earlier.

Liberty Mutual sent an adjuster out last Thursday and I expect to hear back from them with an offer this week. I have no idea how much I'll have to "educate" them on this car, but I do have my homework ready. As a result, I am stuck in limbo and waiting to hear an offer. I hope that they are more open to the information that I can provide. Geico can bite me. Dealing with that company has been worse than the accident itself.

 

Pending divorce requires me to sell my 2006 Portfolio. 76,000 miles with a new
engine dealer installed at 75,000 miles. Excellent condition, new Michelin tires with only 3000 miles, factory floor mats with fronts in like new condition , as I don't use them. Factory polished 20" rims recently re-finished and clear coated.
Looking for $33,000.

 

Now my insurance is giving me trouble. They based their estimated value on a std Super V8, completely ignoring the whole "Portfolio" trim. I have heard that a Portfolio sold in San Antonio TX in the last 3 months or so and wonder if anyone has any information on that one that I can send to my insurance? Also, any info on cars for sale or that have sold in the last 6 months or so in Dallas, Houston, or the Southwest would be helpful. They want to base evaluations on "regional" prices. It seems ridiculous to do that with a vehicle that was limited to this low quantity, but I'll play the game there way a bit longer before I contact a lawyer.

 

You need to correct them. Polite but firm. It's a Portfolio, you need to educate your own insurance company; they will be more (or should be!) responsive. I'd ask them to find comps on the Portfolio, and when that becomes an issue, they may need to bump it up to a specialist.
Get your agent involved to? It's why I use an insurance agent, his advice over the years on how the game is played has been well worth more in headaches and money than any cash I would have saved.

*also a tidbit I learned; the longer the claim is open, the worse the adjuster looks. They are paying for a rental for you I assume; that will start to add up, but if it goes several months + it's a black mark on their performance. I went 6 months on my last fender bender (kid hit my parked car) and they finally bent to my 'polite but firm' will.

 

I think that both your and the other driver's insurance companies are giving you the Super V8 price - not the price of the Portfolio.

Many online car value sites produce the same value for the SV8 and the Portfolio.

Get your own insurance company on the phone and have your adjuster check Kelly Blue Book value. Have him look it up with you on the phone so there can be no question that he actually looks it up.

KBB does differentiate the two models and the portfolio generally sees a 15-20K bump over the SV8.

I plugged in a Dallas zip code, selected 75K miles and got a value just shy of 38k for a car in "good" condition in your region.

Kelley Blue Book

 

Does anyone have any information on the 2006 Jaguar Super V8 Portfolio that sold at a wholesale auction in St. Louis in either Jan or Feb of this year (2014)? It had 21,000 original miles and went for $26,500. It is the car that my insurance company is using to determine the value of my totaled Portfolio. I have no idea what condition the St. Louis car was in and I'm hoping to build up my case against using that particular car as a point of reference.

There were two other cars that come up at low prices as well, but I do not have locations on them. These show up when a dealer searches for sales history on this model. All I know is that they were at wholesale auctions this year and one with 82K miles went for $20,000 and another had 98K miles and went for an astonishingly low $10,000. Thanks!

 

Sorry, but I have no VINs on those cars because they sold at wholesale auctions through Manheim Auctions, and you have to have a dealer number to get that information from Manheim. Anybody out there have access to Manheim Auction data? If I could find the VINs then I could run a CarFax report on them to see if they had any disclosed issues.

 

There's a member on here that deals in wholesale jaguars, he helps members find replacement or 'upgraded' jaguars using his network resources. I can't remember his forum name off the top of my head, but he's pretty active always offering to find a car for someone who wants that 'special' color, mileage, feature list, etc. See if you can search for him and send him a PM.

 

Hi Portfoliolio, this is Mark and we talked on the phone the other day. I have a Manheim account and full access to their site. However, I just looked and while I could find the St. Louis car you are referencing they do not list the VIN in the MMR summary which is where you see it. I tried going into Post Sales Results as those reports do have VIN numbers but they cut off at June 16th.

If you like I can call them on Monday and ask if they would be able to supply me the VIN. They may have even done a Condition Report on the car which is a much more accurate way to gauge condition vs a CarFax. Lots of stuff does not show up on CarFax, especially mechanical issues.

 

Do you mean George Androlakis ???

 

I would think that YOUR purchase should be a powerful comp. (although I'm no attorney or auto appraiser) you ponied up 37 grand of YOUR money only a year before the loss.
At worst (not necessarily fair) you should get what you paid less average depreciation (or added amount in the case of appreciation). That would beat the hell out of their ridiculous offer!
2X

 

@Porfolio - something has occurred to me. The fact that any insurance company would use a Manheim sale as a comp is total BS. Manheim is specifically a wholesale dealer only auction. Cars do not have to pass any kind of safety, mechanical or emissions check to be sold at a Manheim auction. Dealers will typically pay LESS than trade in value on any car purchased there. This is not a Barrett Jackson style auction or anything you have ever seen on TV. There is NO pre inspection of the cars. You cannot drive them. You can look at them. A car like that Jag would be locked up on the lot until it ran the blocks. You probably can't even open the door to get a good look at the interior. Any Manheim location will typically sell about 3,000 cars in one 4 hour auction. 30+ lanes with each car have 45-90 seconds on the block. Most cars that are destined for the block have had regular maintenance somewhat "deferred". You think we don't buy at a huge discount given those conditions and risk???

I hold a California Used Vehicle Dealers License (Carbella Motors in Mission Viejo, CA Dealer #83804). We are licensed, bonded and insured. Any car I buy at auction, especially a 8 year old, high performance import - regardless of the mileage, I would expect and factor in substantial reconditioning costs in order to get the car what is termed as "Front Line Ready". The Portfolio I have on my lot was considered in excellent condition, the pre-inspection report was 4.6 out of 5.0 scale (3.0 considered "average" for its year and miles). When I got it back to the shop and my mechanics got on it it needed one new motor mount, one transmission mount, new transmission pan gasket, new oil pan gasket, numerous bushings replaced, a new expansion tank, and a few other miscellaneous items. Probably over $5k at the dealer, or even thousands at an Indy. I think my cost at wholesale, just for the parts was over a grand. And I felt lucky. I had factored in my mind up to $4k reconditioning (at my cost). I then have to make sure that the tires are min depth, brakes are at least 50% or better, every light and alarm work, and have the car pass Smog Inspection.

Financially, I either have my money tied up in the car for 60 days at least, or I would floor plan the car, which means I am paying interest, compounded daily no less, to keep the car for 90 days. We figure on 2 weeks minimum time just to get the car from Auction block to Sales Lot. On a $30k investment (Purchase the car for $26k, drop $4k in reconditioning and testing) I would fully target to mark the car up at least $5k. If I was successfully at grossing $5k, I would then have to pay my sales guy $1250 (they work on straight commission and get 25% of Gross Profit), and then allocate another $2k to overhead. Makes my net profit $1750 for buying a car at Manheim for $26k and selling it for $35k. All hypothetical but very realistic. Cars are a tough biz to make money on.

What we really need to do (and I will try to help) is track down where the car went after wholesale auction. Whoever bought it from Manheim would not put it in their name, they would re-condition and sell it for a profit.

If I had an insurance company trying to use a Manheim comp on a personal car payout I would threaten (and follow through) to report them to your state's Insurance Commission or Board. Its total BS.

 

Mark, very well put. I am currently drafting a letter that concisely and carefully dissects their offer and all of the details that went into it, and I will use some of your comments in that letter. I have managed to obtain a letter from an "Executive Analyst" at NADA which states, "NADA does not value the Portfolio edition of the 2006 Jaguar XJ because of its low volume. Neither our print edition, nor our electronic VIN decoder, attempts to decode this vehicle. As a result we don’t track sales on this particular vehicle. We only decode vehicles with the Model number WA82C. Your insurance company must have used our value on the regular XJ8 Super V8 as a proxy, but that value is not intended for the Super V8 Portfolio".

I do wish that I had the VIN of the car that sold in St. Louis, and if you can provide that to me, it would be a great help. I also plan on having a third party appraisal done on my car next week. They specialize in valuing a car in "pre-accident" condition. We're at 71 days now and this is getting old. I was also informed that TX law may allow me to approach the at fault driver's insurance and request that they provide me with three quotes to repair the car, and I can chose one of them and force them to repair the car. I do not believe this to be true, and assume that they will again state that the repairs exceed their determined value of the car, so it is totaled. As I understand it, my attempt to prove that the vehicle has a higher value than either insurance company has come up with should work against my own insurance company, but not against the at fault driver's insurance. This statement came from the appraiser. There is only one shop in the Austin area that is authorized by Jaguar to repair aluminum bodied cars, and they will most definitely be providing me with a quote. The other driver's insurance forbade them from breaking the car down to give me an estimate, but it is within my rights to request a detailed estimate.

My advice to anyone out there who may own a Portfolio is to pay for an appraisal, and only carry insurance from a specialty insurance company (like Hagerty) that recognizes that value. If I had done so, then I would not have been put through all of this... and it's not over yet.

 

I don't have anything to add except to say good luck and hope it works out. It's a shame what you're going through. I went through a similar situation with my Porsche a few years ago. Had I gotten a pre-accident appraisal, I would have been able to get more as part of a diminished value settlement after repairs were made.

Good advice from the above poster to get appraisal done and insure from someone like Hagerty.

Only thing I can offer is if you need someone to buy you a beer, I'm here in Austin too.