2007 xkr losing value faster then you can blink
#22
I bought my 2007 xkr at the beginning of 2012, for about 40,000. (plus another 5000 in sales tax). I was thinking I would sell it, as I just have too many cars. I do love this car...it's a totally amazing especially when I sit next to a DB9 at a traffic light. But when i checked ads and bluebook, the car seems to be worth around 28,000 now...that's a huge drop in a year. It seems a bit foolish to sell it, as theres no way to get a comparable car for that price...but is it going to drop that much again in another year? Any explanations out there?
12/04/12 ORLANDO Regular $24,800 89,363 Avg GRAY 8G A No
08/21/12 GEORGIA Lease $42,900 1,746 Avg BLACK 8G A No
08/17/12 PA Regular $24,000 89,791 Avg BLACK 8G A No
08/01/12 CHICAGO Regular $28,500 66,963 Avg BLACK 8G No
07/12/12 RIVRSIDE Lease $34,500 45,181 Avg BLACK 8G A No
06/28/12 RIVRSIDE Lease $32,750 52,331 Avg BLACK 8G A No
#23
12/11/12 OHIO Regular $38,600 14,840 Avg WHI 8G A No
09/26/12 CALIFORN Regular $30,750 47,820 Avg SILVER 8G A No
09/20/12 TAMPA Regular $38,000 11,567 Avg GREY 8G A No
09/12/12 TX HOBBY Regular $39,125 19,601 Avg SILVER 8G A No
08/17/12 DALLAS Lease $25,300 79,678 Avg BLACK 8G A No
08/02/12 PALM BCH Regular $39,000 31,084 Avg BLACK 8G A No
07/27/12 PA Regular $38,250 26,483 Avg GRAY 8G P No
07/03/12 NASHVILL Lease $35,250 36,053 Avg GRAY 8G O No
05/31/12 RIVRSIDE Regular $44,500 13,863 Avg BLACK 8G A No
05/24/12 PALM BCH Regular $37,400 30,366 Avg BLACK 8G A No
05/18/12 FT LAUD Lease $34,000 58,065 Avg GREY 8G A No
05/11/12 FT LAUD Regular $35,600 42,188 Avg GRAY 8G A No
#25
My impression is that 07 and up XK prices have firmed up over the last year or so. Be that as it may, many of us are driving these wonderful cars only because we we can afford them due to the hellish depreciation over the first 5 years from new.
You got to take the good with the bad. Buying any car as an "investment" ,most particularly a Jag, is high risk behavior.
You got to take the good with the bad. Buying any car as an "investment" ,most particularly a Jag, is high risk behavior.
#27
Of course I didn't buy a Jaguar as an investment. It's funny, just after I bought it I saw a 2004 Jag at some used car dealership for a ridiculous 10,000$ and i said to myself it must be in terrible shape...but it looked really good. When you think that sticker on this car was something like 107,000$ i still think that at below 20, which seems where it will be in 2014, makes buying Jaguars really foolish. As much as it's a nice car, it's going to take a long time for it to become a classic, and i'm sure that the price of fixing it will sober up even the most passionate. As much as I love the car, it's not an XKE, and it's not one of my Mustangs....which are some men's wet dreams. I don's say that light heartedly, i have literally hundreds of people RUN to my 67 mustang, to praise it, photograph it..or just ask some silly question...whereas my Jag gets the occasional...'I bet that cost a lot' ( and I have to say to myself....well it's only worth the price of a mini cooper now). But I do love driving it...yes..it's really a luxury car.
#28
You shouldn't concern yourself too much with how the Mustang crowd responds to your car. We have a monthly meeting of the Orlando Automotive Club at which are shown some of the greatest sport and super cars on the planet.
You would be astonished how some of the 20 something guys slobber over run of the mill Porsche and Japanese "tuner/drift cars". Jags barely rate a glance from these room temp IQ dudes.
Sometimes I despair for Western civilization but I don't need the approval of these excretions to appreciate a well detailed XK.
You would be astonished how some of the 20 something guys slobber over run of the mill Porsche and Japanese "tuner/drift cars". Jags barely rate a glance from these room temp IQ dudes.
Sometimes I despair for Western civilization but I don't need the approval of these excretions to appreciate a well detailed XK.
#29
I'm a dealer with a user name and password.
You need a dealers licence and have to go to the site of the auction.
Then you give them a voided check with your dealerships name
Then they mail you the info to the address on the check.
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CleverName (01-11-2013)
#30
for a ridiculous 10,000$ and i said to myself it must be in terrible shape...but it looked really good. When you think that sticker on this car was something like 107,000$ i still think that at below 20, he price of a mini cooper now). But I do love driving it...yes..it's really a luxury car.
Look at the old Porsche 928's. They were big $$$ and dropped like a rock.
When you saw the repair bills you knew why. As one guy put it "costs can be breathtaking!"
I bought a nice straight 120k 96 BMW 525i that came in on a trade for $1100. I drove it for 1 year and the water pump failed. I did that for 300 and a month later I had coolant in the oil.
The repair quotes I got were 1600 (from a guy who never did one) to 2500 dollars. More than the value of the car.
100k driving cars go through the auction everyday for 1000
I read a story on the Bimmer Forum of a guy who bought the same car as I "retail" for 3500. Overheated. He went to take the thermostat out and found none. He did find bar's headgasket sealer.
Now after the headgasket he is in the car for $5500 and his tranny went....What fun
I told my kids if they ever had the need to own one read those Bimmer forums first.Nightmare stories
I found a guy who gave me 800 as is and felt happy to be out of it.
Don't take it wrong,no complaints. Had fun driving it for the year at a net cost of $800 but some people get buried in these things.
#31
The 60's and early 70's were full of cars that appreciated over time, and there's lessons to be learned from that era. The models that became sought after were the muscle cars, and some beautiful sports cars. That kind of power was totally new back then. And they were relatively affordable. Then the oil crisis in the early 70's, emmission controls incl catalytic converters, and engine power plummeted. Ford replaced 400+hp Mustangs with the Mustang II economy car and it's taken 40 years to put the power and appeal back into the Mustang. And it also helps that the baby boomers grew up with the originals and that wealthiest group ever are driving their values today as they scoop up pristine and rare examples.
The early 90's saw the performance car return with Japanese models like the NSX, RX7 and Supra, and we're seeing another wave of performance cars now. The most desirable will fall in value and then likely appreciate.
The XKE was an icon from the 60's, and no Jag model since has matched it in any sort of way. I suspect XJS owners thought otherwise at one time., The XK8 was special until the improved XK came out, and the same with each improved XK/XKR. If the next genration of XK/XKR is considered significantly less desirable, then the existing models may depreciate less, or one day even appreciate. But the XK/XKR is not now universally appreciated, and is probably one of the best kept automotive secrets. And that affects it resale value today...and will in the future. Today they're considered expensive cars to own and maintain as soon as the warranty runs out...and I can understand their values falling off at that point.
Bruce
The early 90's saw the performance car return with Japanese models like the NSX, RX7 and Supra, and we're seeing another wave of performance cars now. The most desirable will fall in value and then likely appreciate.
The XKE was an icon from the 60's, and no Jag model since has matched it in any sort of way. I suspect XJS owners thought otherwise at one time., The XK8 was special until the improved XK came out, and the same with each improved XK/XKR. If the next genration of XK/XKR is considered significantly less desirable, then the existing models may depreciate less, or one day even appreciate. But the XK/XKR is not now universally appreciated, and is probably one of the best kept automotive secrets. And that affects it resale value today...and will in the future. Today they're considered expensive cars to own and maintain as soon as the warranty runs out...and I can understand their values falling off at that point.
Bruce
Last edited by Bruce H.; 01-11-2013 at 03:41 PM.
#32
Ive noticed in the UK prices have bottomed out. The early 2006/2007 cars seemed to have stayed around the same price for the last year.
It's the same story with Aston Martin Vantage 2005/06 cars.
Also remember in 2015 ish, there will be a brand new four seater (proper) XK, so our cars will be the last of its kind.
Jaguar brand is becoming more cool due the new models in the range, especially the F-Type, thus making the 'old man' image fade. Suddenly there is more hunger for Jags, younger people are no longer frightened nor ashamed of owning a Jag. Therefor more demand for our cars.
Just look at the story with Hyundai, we all laughed at the original coupe now look at the turn around with this brand.
It's the same story with Aston Martin Vantage 2005/06 cars.
Also remember in 2015 ish, there will be a brand new four seater (proper) XK, so our cars will be the last of its kind.
Jaguar brand is becoming more cool due the new models in the range, especially the F-Type, thus making the 'old man' image fade. Suddenly there is more hunger for Jags, younger people are no longer frightened nor ashamed of owning a Jag. Therefor more demand for our cars.
Just look at the story with Hyundai, we all laughed at the original coupe now look at the turn around with this brand.
#34
#35
In Sept 2010 (the 2011s had just come out) I got an internet offer from a Jaguar dealer for a new 2010 XK coupe with the only option on it the Kalminos 20" wheels. The list price of the car was $88,000 ($82,150 base price + $5,000 wheels + $850 transportation). The cash price for the car was $68,000 plus the dealer threw in the extended 2 year Jaguar warranty after the 4 year new car warranty runs out. I just thought it was screaming deal, but it just shows how much depreciation is invoved in these cars. I sold my 13 year old 99 Jaguar XK8 coupe (bought new in the fall of 1998 for $58,000) for $14,000. My idea is to just keep these cars a long time and not worry about depreciation. My experience is that I just don't get tired of Jaguars like I do other brands.
#37
I did go to a Hyundai Genesis test drive event where they really allowed you to throw a Hyundai Genesis Coupe (2.0T and 3.8) around an autocross track. I think they were actually both really competent cars.
However, I still don't think any of their cars are groundbreaking enough to really earn/solidify automotive in automotive history!
#38
I drive a 2012 Hyundai Sonata almost every day! Such a joyless car. And the build quality is nothing to write home about. All sorts of unusual noises from the engine, window switches that won't work intermittently (auto up drivers switch), overly cheap plastics in the interior. Then again, when it came to other midsize sedans, the Sonata stacked up quite well, especially in terms of equipment for the buck! And you're right, the Sonata does look fairly striking compared to the competition!
I did go to a Hyundai Genesis test drive event where they really allowed you to throw a Hyundai Genesis Coupe (2.0T and 3.8) around an autocross track. I think they were actually both really competent cars.
However, I still don't think any of their cars are groundbreaking enough to really earn/solidify automotive in automotive history!
I did go to a Hyundai Genesis test drive event where they really allowed you to throw a Hyundai Genesis Coupe (2.0T and 3.8) around an autocross track. I think they were actually both really competent cars.
However, I still don't think any of their cars are groundbreaking enough to really earn/solidify automotive in automotive history!
#39
I think the OP was mistaken. I am also in L.A. and according to cars.com, 28k is for 07-08 base models, and 40k for the R.
Interestingly, the earlier model 05-06 XKR's seem to be holding steady around 20-25k.
I am currently wavering between an 06 XKR or an 08 XK base as a weekend car -- your thoughts?
Cheers,
Wolfy
Interestingly, the earlier model 05-06 XKR's seem to be holding steady around 20-25k.
I am currently wavering between an 06 XKR or an 08 XK base as a weekend car -- your thoughts?
Cheers,
Wolfy
Last edited by Wolfy; 01-11-2013 at 11:39 PM.
#40
Wolfy.......tough decision. I've a '07 non supercharged. Love the car......but have hp envy when thinking about the XKR's.
I'm thinking a compromise like buying a '11 XK that has 85hp more than my '07, but hate that thought of selling/trading my '07 'cause it's a darn good looking car in great shape. Decisions, decisions.
Can't have both. Not enough garage space. Bigger house with a four car garage????? That would solve things. One good bank job should cover that. humor
I'm thinking a compromise like buying a '11 XK that has 85hp more than my '07, but hate that thought of selling/trading my '07 'cause it's a darn good looking car in great shape. Decisions, decisions.
Can't have both. Not enough garage space. Bigger house with a four car garage????? That would solve things. One good bank job should cover that. humor
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Wolfy (01-13-2013)