Long story short I was looking at a 2013 XKR, possibly to trade my 2010 in for it. I was also looking at a 2011 Aston Martin V12 Vantage.

Dealer I was talking to on the phone says, "...well your 2010 - in excellent condition - would be worth around $45K...". I said, "Yea, right. You want breakfast in bed as well?"

He then went on to say that he was checking a national database (this was a Bentley dealership). He then suggested I go to a Car Max and have them do a trade value of the car. He said they were honest and would give me an honest appraisal. I'm not sure about that, but whatever.

I went to NADA and Kelly BB and found that for trade in, my 2010 XKR is only worth around $46K.

So in the 15 months that I have owned this car, it has fallen from a trade in value around $60K to (now) $45K. Retail is about $5K higher, but we all know you will not get retail from a dealer because they have to resell it. Selling it as a private party is only a couple grand more.

I just could not believe that. It is really beyond me why the value of these cars plummet so quickly. I am still in a state of shock.

I knew the car had depreciated...I had no idea it lost almost 30% of its value (at which I purchased it)...

My word!!!

Edit: My car sold for around $97K new...original sticker was $104K and some change (I have the original window sticker). It was purchased new in October 2009. I am second owner.

So from original purchase to now my car has depreciated $97K to $46K = $51K depreciation. Wow. in 3 years 9 months...

 

I fell sorry, I am in the same position, I paid 82k $, 64 k euros for and i saw one at 45k euros this week for sale..its 7 months old for me. but there is also some, same model expensivier, around 55 and 58 k euros so ...indeed except that one that is low priced i will think myself the price has been ok stable for the 4 or 5 others in sale in France, there is like only 5 on sale every month of the year, this could be a chance, look at it this way maybe there is not much of these xkr 5 liter and you may want be patient and sell it to a particular who cares and can pay more, maybe around 49 or so, it still lot of money but .....why i try to keep the mileage low too, so it may sell ok when i need to. only one xkr 2010 on ebay.com now, and only one in the auto trader, imagine how it will be if there was 300 like bmw and mercedes...

But you have the xj too and both may be a bit tuff indeed. Maybe the bmw and mercedes stand better about prices but even if it is the case, i prefer having to sell a car that is very rare than selling a bmw found in 250 ads, I will be very worry then. If you loose 10k in 15 months i will say it is pretty good, yes sure even if it is lot of money. so maybe forget the kelley stuff and watch retail price around, the bentley guy gave you an hard time, its cold.

The 2008 xk baught at 45 k euros (without maintenance book at a jag dealer) with 45000 km, sold at 85000 km, 19 months after for 34 k euros, at another jag dealer, even without the book of service...was decent indeed. Imagine Ryan with the xkr s 2013, it is when you buy them new that it is real hard, but it is also a pleasure when you can afford it. these 5 liters are rare, they will do great maybe in 10, 20 years if we could wait that long...specially if they do a new one more expensive soon. Don't know about the Aston Martin v12 but i will think the price drop as fast if not faster.

I will call 5 jag dealer around and send an email with all photos references of your car and watch for a november 2011 xkrs (here in europe it is when the new model/headlights was on sale), or 2012, the cheapest at a jag dealer to trade it in.


another thing but it is complicated due to the cost of change of plate but in spain a xkr 2010 there is 2 on sale for 70k euros, imagine the difference but changing the plate will cost 20% of the sale invoice (even lowered its a lot of money but who knows, as shipping only cost 2 k.) my 2 cents

 

Everyone thinks their car is worth more than it is (me included).

 

It's sad but true. These cars depreciate soooo much. The first 2 years about 30 t0 35% per year. Then 20-25% there after per year.
When the current model is discontinued or a new model replaces the XK the price will fall even more. Cars are great to enjoy if you can handle the depreciation. A 2012 XKR-S which sold for $132K can be had for $90 with only 2,400 miles. A $42 loss in value or 32%. Cars can make or keep one poor.

I sold my 2011 XKR 175 and I'm looking at an XKR-S to replace it. I'm seriously looking at the depreciation...over $1,000/month or $33/day. Cars are not investments, especially Jaguar's. Something like a girlfriend, you can't live without them and you can't live with them. At the end they always screw you--enjoy the ride while it last.

The sad thing is even if you take exceptional care of the car and drive it little it still drastically depreciates. You will get a little more for the car but only a little compared to the depreciation amount.

 

People say most of the depreciation occurs in the first 3 years. But that's for a normal car. I think for a luxury/exotic car, you will continue to see pretty drastic depreciation until about 6 years out, or even longer. My '07 XKR has depreciated only about $3-5k since I bought it 6 months ago at $35,000, but that may be because it's still convertible season. We'll see when I've had it a year how much depreciation it will have endured! I've only put about 3k miles on it since I bought it.

BTW there are very few '07 XKR 'verts on sale nationally. Plus I think XKRs (versus XKs) hold their value much better in general. Seems like I don't see too many XKRs (previous gen ones) going below $15k or so. It will be interesting to see if this $15k floor holds true for X150 XKRs.

 

Agree. I can't think of a car that doesn't depreciate ~50% in 3 years. It just hurts more when it stickers for $100K rather than a $20K Hyundai. What is unusual is to find a car that plateaus at $15K, almost regardless of year or mileage. Buy at this price and you can sell it in 5 more years for the same, I bet.

 

I have made many posts here about the depreciation the Jaguar brand and some thought I was a bit out of my mind. The depreciation of the brand is enormous during the first 3 years. I know of a friend who bought a 2012 XJ L paid over $95,000 and now is worth about $53,000.

The best value is buying the XKR after 3 years as the depreciation slows dramatically. Best value of the Jaguar is used. you can find many of these cars with ultra low mileage and with CarFax and Autocheck, it is easy to determine the history of the car. While many dealers try to sell the used Certified Jags for Retail, they rarely get a retail price. I know of one Jaguar 2012 XK sitting on a dealers lot right now with 48 miles, convertible, silver, black interior and would think that you could buy the car for around $65,000.

I recently made a post here on Jaguar Forums stating that I have no doubt that those individuals who are buying the new F-Type and spending $100,000 to $105,000, we will find them next year in 2014 for the 2014 model priced at $75,000 to $80,000. It's just not worth buying a new Jaguar XK or XKR new from the dealership unless you have deep pockets and don't care about the decline in value or money.

I recently bought a 2009 Jaguar XKR Convertible "Portfolio Edition" 1 of 200 made for USA delivery on May 24th, 2013 with 13,800 miles, showroom condition for $44,600, original MSRP was over $103,000.

Granted you have to shop around, do your due diligence and make an offer that is close to trade-in value. Compare the used prices via edmunds.com, kbb.com and nada.com all available via the internet. Just make sure that you know all the options, correct color and I guarentee that you can find a great value.

Yes, the new Jaguar owner can take a beating if trying to trade or sell the car within 3 years. Let the buyer beware. When speaking with a dealership remember the slogan "Let's Make A Deal".

 

Depreciation dynamics is a hard lesson and the earlier in life you learn it and accept it the better off you will be.

For me the lesson came early. My wife gets new cars (Fords and Chryslers). I usually get 5 year old Jags. Could I afford the "hit" I would go for new stuff in a heart beat. As it is, I like and pretty much understand the Jag brand so it works out okay and I get to drive 5 year old Jags I otherwise could not afford.

I should caution, buying used high tech cars is not without risk, specifically for folks who don't understand squat about cars of any type. We have a fair share of em on this Forum.

I worked with guys my whole career who were always over their head and up side down on car loans and house mortgages. Don't get me started on the compound interest formula. Sooner or later the butcher bill comes due. So if you can afford it - go for the new Jags and don't look back. If you can't - buyer beware.

 

Another key element is Jaguar's Lease Program. I believe more of the new models are leased rather than bought adding to the great used Jaguar Market.

Really with all the leasing restrictions you are getting a mint two year old car at a 30-40% discount (like mine)

Also: The buyers is my bracket can mod the hell out of em too with no regrets. Now that many are seeing the regardless depreciation do you really think performance mods, vinyl wrapping or facelifting is really going to make that much more of a difference on resale!?!

For all who have bought to own I say, your car, your rules, customize, individualize and enjoy!

 

Sold my 1999 Jaguar XK8 coupe that I bought new in the fall of 1998 for $58,000 (listed for $65,000) in 2011 for $15,000 with no problem. It was low mileage and in almost new condition, but needed new tires. I was a happy camper. If you buy new and trade often, you are going to get hurt with Jaguars, but I don't see that as much different from other luxury brands. I'm willing to pay some extra for a car that is not as common as Mercedes SL, BMW 6 series, etc.

 

My primitive formula:

A premium car is going to cost $1k/month in depreciation. Or more...

That's how it always seems to work out for me, anyway.

Skeeter

 

Best value is buying a 5 year old low mileage Jag and driving it the ground. Sucks for new car buyers but makes for a great value for 2nd owner like me. I'd imagine the bottom out value on '07+ XK-XKR will be in the high teens.

My next car in 2-3 years, I will look for XKR-S for and maybe XJ 2012 for girlfriend. I am fine with no warranty with this marque and I have both a good indy and reputable dealer both near by.

 

If your car was purchased new in October, 2009 it is 3 years 9 months old. Most luxury cars lose 50% of their MSRP in 3 years as evidenced by current 3 year lease residuals of about 50%. In your case, 56% in almost 4 years--that's actually better than average.

No doubt, the first owner takes the biggest hit, but that's the price you pay to have the latest and greatest. Unless you luck out and your car becomes a collector, luxury cars are major consumption, not an investment.

I had a '07 Maserati QP that I bought when it was 6 months old with only 3,000 miles. It had an MSRP of $127K and I paid $97K for it--kept it 2 years and only got $55K on a trade-in. That's a 63% of MSRP loss in value in only 2 1/2 years--talk about taking a bath! That car was considered an exotic and I had 24,000 miles on it because it was my daily driver--that absolutely killed the value since so many Maserati owners have very low mileage when they dispose of their cars because they are just weekend toys and the market is flooded with them.

 

You think that is bad? How about my XJL? 2012 model that I purchased exactly a year ago for over $80K. When at the dealer this week dealing with my vibration issues, I just had to check how much it would cost me to trade the car for a new XJL. They appraised my car, (1yr old with 8K miles) at $48K. How is that for depreciation?

I always maintained that the luxury in luxury cars is being able to afford the terrible depreciation.

Be sure to check on the depreciation rates for the Aston!

Albert

 

How'd you like that car? That's on my list too for next "family car" even though there's no trunk space.

 

Of course some of those exotic owners or dealers will not shy away from spinning even the electronic odometers back.

Just a few months ago I was sent an auction listing for a rare Lamborghini that I sold something like 20 years ago. It was shown with 15K "original" miles that was about half of what I sold it with decades back.

These days it is super easy to reset odometers through software changes. All you have to do is Google it.

Albert

 

I rely and look the seats condition and the interior to determine how many miles the car has done...

 

And work history with no gaps or funny business.

 

I bought a 2007 Salsa red xkr in sept 2012 for $42k. 11k miles. showroom mint. it was somone's 4th car. I imagine it was $90k new. all cars at this price point fall off the face of the earth. 2 years I was looking at a 2007 bmw m6 vert and the value just as hard as an XJ would

SL550, M6, Maserati gran sport took a giant hit too. again this price point (exept for the 911s) get murdered. 2007 vantage can be be had for $65k now. new $120k

3 series, honda, mini's and mustangs hold their value and that is about it. higher priced car - bigger fall. I always try to buy 3-4 yrs used with the lowest possible miles.

 

To me most cars have similar depreciation although some are worse than others. It just seems like the more expensive the car the bigger the hit, but the actual percentages of depreciation are very similar.

For example, 911's can take a hit too. I bought a used 2006 Carrera S in 2009 for $58k w/ only 6k miles on it and it was in mint condition, not a scratch on it. It was $93k new in 2006. I imagine if this private seller were to take it in for a trade, they may have given him $54k if he was lucky.