Buying a 2008 XKR Coupe w/salvage title
#1
Buying a 2008 XKR Coupe w/salvage title
Here's the link: Jaguar XKR | eBay . Listed as a theft recovery with the bumper cover, hood and pass. fender replaced. It's an absolute steal at $15,000.00. The seller's name is Steve Siegel and he's active on Ebay selling a lot of ford car parts. Does anyone know the car or him? Going to check it out Friday. I've bought a lot of cars including 2000, 2003 and 2006 XKR coupes. There are times when if it looks to good to be true, it actually is true and I'm going to find out Friday.
Here's a link to my 2006 XKR Victory Edition Coupe. 2006 Jaguar XKR Coupe
Here's a link to my 2006 XKR Victory Edition Coupe. 2006 Jaguar XKR Coupe
Last edited by David's XKR; 12-16-2015 at 10:14 PM.
#2
#3
Buying a 2008 XKR Coupe w/salvage title
Here's the link: Jaguar XKR | eBay . Listed as a theft recovery with the bumper cover, hood and pass. fender replaced. It's an absolute steal at $15,000.00. The seller's name is Steve Siegel and he's active on Ebay selling a lot of ford car parts. Does anyone know the car or him? Going to check it out Friday. I've bought a lot of cars including 2000, 2003 and 2006 XKR coupes. There are times when if it looks to good to be true, it actually is true and I'm going to find out Friday.
Here's a link to my 2006 XKR Victory Edition Coupe. 2006 Jaguar XKR Coupe
Here's a link to my 2006 XKR Victory Edition Coupe. 2006 Jaguar XKR Coupe
#4
I do like to drive my cars and if it's as nice as advertised, I don't think resale will be too big a problem.
#5
You're in GA, the car was listed for sale on many sites in Rancho Cordova, CA. with 54m miles on the car.
I would have to ask many questions as the $15,000 price is to good to be true. I would suggest that you have the car fully inspected by a Jaguar Dealer and make sure you complete your due diligence on buying a vehicle with a Salvage Title and getting it registered in your state of Georgia.
https://dor.georgia.gov/titles-rebui...tored-vehicles
make some phones so you understand fully what you are buying and getting yourself into.
I would have to ask many questions as the $15,000 price is to good to be true. I would suggest that you have the car fully inspected by a Jaguar Dealer and make sure you complete your due diligence on buying a vehicle with a Salvage Title and getting it registered in your state of Georgia.
https://dor.georgia.gov/titles-rebui...tored-vehicles
make some phones so you understand fully what you are buying and getting yourself into.
#6
I'd also suggest bringing to a known high-end re builder that can throw it in a jig to assure that the frame is straight and true. A dealer can only give you a basic assessment of the engine, brakes, and trans but little in the way of inspecting body panels with a meter which shows the paint thickness (will show if other paint work has been done) or whether the frame has issues. A rebuilder will put it on a rack then shoot lasers to see how true the car is and if it is within factory specs.
Be DAMN careful buying a salvaged car... there's a saying on the Mercedes boards that goes "There's nothing more expensive than a cheap Mercedes". Don't let your emotion cloud your logic.
Good luck, let us know how it goes.
Be DAMN careful buying a salvaged car... there's a saying on the Mercedes boards that goes "There's nothing more expensive than a cheap Mercedes". Don't let your emotion cloud your logic.
Good luck, let us know how it goes.
#7
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#8
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mosesbotbol (12-17-2015)
#9
JagToes you're spot on I forgot to mention that. It is not a "theft recovery" as stated if that level of body work was necessary so don't be fooled, that car to a serious hit. SOME theft recovery vehicles are sold as salvaged and they can be deals but this is not the case here. Be VERY cautious here. As JT said - do your due diligence on the shop that made the repairs, it is very rare that they are at a level of quality to match factory. My business partner bought a totalled Land Rover had a shop in S. Cal rebuild it (including straightening the frame) but far more often than not these salvaged cars are taken to a low level shop which makes the exterior and interior look just "good enough" to entice those that don't have a keen eye so hey wind up with a total lemon. Go visit the shop that did the repairs, if there's not a lot of high-end, discerning cars in there you'll know its just a mill shoving out jack work
#10
I have purchased many salvaged cars over the years from a former tenant of mine. If they are properly rebuilt, there is no problem and if you're not worried about resale value (because you keep the cars forever), they can represent great value. However, I would want to see pictures of the damage before restoration, and I would want to know the shop that did the work in addition to all of the usual stuff you would want to know when purchasing a used car such as service history, how many previous owners....
#12
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#14
#15
That is how I used to keep my sanity......LOL There is always a good market for $30,000 Ferraris, and $15,000 Rolls Royces. In a few states, you can even get the titles changed from salvage to regular, if you have pictures to show the work, and have the vehicle inspected. You also need to have a sales license to do this, or know someone who does. Right now I am looking at a 2015 Dodge HEMI Challenger flood car. There is no real bodywork to do, but there are going to be almost $3000 in control units and electrics to replace, as well as LOTS OF FLUIDS. Thank God it is a manual shift.....I don't know why I told you all this......I must be in need of some more sleep.....Have a good one.......Mike
#16
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#17
Flew into Nashville yesterday and 12 hours later I parked it in my garage in Fl. The car is beyond what I had hoped for. The interior is flawless. The exterior is a 9 with a few scratches. Pads and rotors all the way around are newly installed from the dealer. It will need tires soon. I’ve got both key fobs and all the books. Everything works. I can't believe the difference from my 2000, 2003 and 2006 XKR's. I’ve never got up close and personnel with the new generation until he picked me up at the airport. It's so much more comfortable and spacious. I always felt cramped in my XKR's and the seats were hard to get fully comfortable. Not the case with this XKR. The power and sound is amazing!!! The effortless acceleration on the highway was mind blowing, 80 to 130 happens in seconds. Point and shoot at any speed under full composure. Average MPG was 21 with a boat load of high speed driving. Small tank = lots of stops for gas. The owner isn't your average guy selling a salvage title car. He's been crewing for NASCAR and Sports car series for 20 years and has owned a lot of great cars, including he says a GT40. He had a donor car for the majority of the parts. For now I'm confident it was not in an accident and was a theft recovery as he stated. I have pictures before it was completed. I’ll post pictures and more later.
#18
Sounds like you are happy with the purchase so far. The listing doesn't show the final buy price so I hope your accepted offer was much less than the $19k they were asking.
No matter what you got a deal, on cars.com a 2008 with similar miles runs around $25k, so if you managed to get it for $15k you really got a deal. Just so long as it doesn't fall apart on you in the near future.
I don't know why people bring up resale? You bought it below market value because of the salvage title, if you list it later you will get below market value on your sale price then also. Your depreciation spread will just be along a lower dollar track than someone buying a non-salvage car. As far as selling it later (should you want to) your biggest issue will be the buyer pool, there just aren't as many people willing to take a chance on a salvage vehicle. Definitely not for the timid - like me!
No matter what you got a deal, on cars.com a 2008 with similar miles runs around $25k, so if you managed to get it for $15k you really got a deal. Just so long as it doesn't fall apart on you in the near future.
I don't know why people bring up resale? You bought it below market value because of the salvage title, if you list it later you will get below market value on your sale price then also. Your depreciation spread will just be along a lower dollar track than someone buying a non-salvage car. As far as selling it later (should you want to) your biggest issue will be the buyer pool, there just aren't as many people willing to take a chance on a salvage vehicle. Definitely not for the timid - like me!
#19
Sounds like you are happy with the purchase so far. The listing doesn't show the final buy price so I hope your accepted offer was much less than the $19k they were asking.
No matter what you got a deal, on cars.com a 2008 with similar miles runs around $25k, so if you managed to get it for $15k you really got a deal. Just so long as it doesn't fall apart on you in the near future.
I don't know why people bring up resale? You bought it below market value because of the salvage title, if you list it later you will get below market value on your sale price then also. Your depreciation spread will just be along a lower dollar track than someone buying a non-salvage car. As far as selling it later (should you want to) your biggest issue will be the buyer pool, there just aren't as many people willing to take a chance on a salvage vehicle. Definitely not for the timid - like me!
No matter what you got a deal, on cars.com a 2008 with similar miles runs around $25k, so if you managed to get it for $15k you really got a deal. Just so long as it doesn't fall apart on you in the near future.
I don't know why people bring up resale? You bought it below market value because of the salvage title, if you list it later you will get below market value on your sale price then also. Your depreciation spread will just be along a lower dollar track than someone buying a non-salvage car. As far as selling it later (should you want to) your biggest issue will be the buyer pool, there just aren't as many people willing to take a chance on a salvage vehicle. Definitely not for the timid - like me!