Opinion? 2013 XK Base-31,000 miles for $30,000?
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Opinion? 2013 XK Base-31,000 miles for $30,000?
Was hoping I could get some expert opinions from you gents and ladies. I've found a 2013 XK Base with 31,000 miles, no accidents reported and asking $30,000 from what seems to be a reputable, non-Jaguar used dealer. Is that a reasonable price or too much? If too much, what is a more appropriate amount in the US market. Any input would be much appreciated. Thanks!
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Splendid Cat (03-12-2020)
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An okay car at a decent price.
If that particular car meets all the buyers requirements, it's not a bad idea.
If not a great match, another choice may be better.
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MarkyUK (06-10-2020)
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What's the difference between a rebuilt title and a salvage title? It's the same as the difference between a pig with lipstick and a pig without lipstick. A pig is a pig no matter how much lipstick you put on it.
When a car is wrecked beyond the point where it would cost the insurance company more to repair it, it's sold at auction and the buyer gets a salvage title. The buyer can then part it out - sell it for the parts that are worth more than the value of the car or fix it. Insurance companies generally consider a car "totaled" if the cost to repair it is 50% to 80% of the value of the car immediately before the accident. That's when it is issued a "salvage" title, indicating that it was a total loss. Once the car is fixed, the state will issue a "rebuilt" title.
Anyone who believes a dealer who says "it had only minor damage to the rear bumper and no structural damage" also believes that pigs can fly. What the dealer really said was "we painted the bumper cover and nothing else because it would have cost too much and we figured that sucker buyer wouldn't see any of the structural damage."
Don't be a sucker. Get a Pre-Purchase Inspection from a Jaguar dealer to CPO standards and another PPI from a Jaguar approved body shop for paint, body, and chassis repairs. Use those findings to negotiate a lower price from the seller.
When a car is wrecked beyond the point where it would cost the insurance company more to repair it, it's sold at auction and the buyer gets a salvage title. The buyer can then part it out - sell it for the parts that are worth more than the value of the car or fix it. Insurance companies generally consider a car "totaled" if the cost to repair it is 50% to 80% of the value of the car immediately before the accident. That's when it is issued a "salvage" title, indicating that it was a total loss. Once the car is fixed, the state will issue a "rebuilt" title.
Anyone who believes a dealer who says "it had only minor damage to the rear bumper and no structural damage" also believes that pigs can fly. What the dealer really said was "we painted the bumper cover and nothing else because it would have cost too much and we figured that sucker buyer wouldn't see any of the structural damage."
Don't be a sucker. Get a Pre-Purchase Inspection from a Jaguar dealer to CPO standards and another PPI from a Jaguar approved body shop for paint, body, and chassis repairs. Use those findings to negotiate a lower price from the seller.
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Night Hawk (06-11-2020),
ralphwg (06-09-2020)
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About 8 beers!
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Marc Voorhees (06-10-2020),
Night Hawk (06-11-2020)
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Stuart, Actually salvage/rebuilt cars can not all be lumped into one category. There are SO many variables. I know people who do this for a living and YouTube is full of channels dedicated specifically to salvage cars.
While most salvage cars are not worth fixing or the damage is significant, there are still many that actually sustained minor damage or other reasons that insurance wrote them off. Sometimes it is purely cosmetic damage that can easily and inexpensively be repaired with used donor parts or cars that otherwise would have been too much to repair with new parts the insured was legally entitled to have.
The complications are mostly dependent on state laws regarding registration/titling as well as the ability to obtain comp/collision insurance and most banks will not finance a branded car.
While most salvage cars are not worth fixing or the damage is significant, there are still many that actually sustained minor damage or other reasons that insurance wrote them off. Sometimes it is purely cosmetic damage that can easily and inexpensively be repaired with used donor parts or cars that otherwise would have been too much to repair with new parts the insured was legally entitled to have.
The complications are mostly dependent on state laws regarding registration/titling as well as the ability to obtain comp/collision insurance and most banks will not finance a branded car.
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jahummer,
All I'm saying is don't be a sucker and buy a pig in a poke. Rebuilt sounds a lot better than salvage, and know what you're buying particularly with a Jaguar X150 because it is all aluminum and requires special knowledge, skill and equipment to properly repair chassis and body damage.
Why would an insurance company total this XK https://www.autotrader.com/cars-for-...lerId=68612521 if it suffered only minor rear end damage as that dealer claims? It doesn't add up.
There is nothing wrong with buying a "total loss" salvage/rebuilt title car that has been properly fixed. Just know what it is and don't overpay for it. Beware of flood damaged cars, especially from salt water, that can take time to corrode electrical connectors and other electronic components, particularly since the Jaguar X150 has so many expensive computers.
Stuart
All I'm saying is don't be a sucker and buy a pig in a poke. Rebuilt sounds a lot better than salvage, and know what you're buying particularly with a Jaguar X150 because it is all aluminum and requires special knowledge, skill and equipment to properly repair chassis and body damage.
Why would an insurance company total this XK https://www.autotrader.com/cars-for-...lerId=68612521 if it suffered only minor rear end damage as that dealer claims? It doesn't add up.
There is nothing wrong with buying a "total loss" salvage/rebuilt title car that has been properly fixed. Just know what it is and don't overpay for it. Beware of flood damaged cars, especially from salt water, that can take time to corrode electrical connectors and other electronic components, particularly since the Jaguar X150 has so many expensive computers.
Stuart
Last edited by Stuart S; 06-09-2020 at 05:21 PM.
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The savings can be huge, but if you do not know what to look for or lack experience with salvage/rebuild cars, it can definitely be a huge risk. Before pictures from the insurance company (NOT the seller-I have seen instances where a car was in pieces and the seller faked the before pictures by zip tying the pieces together to make the damage look minimal) are very helpful and it would be advisable to retain the assistance of an expert in body repair who could easily see what was and wasn't done. When an insurance company has to pay a total loss claim, they will brand the car salvage. I have even seen cars that were completely and correctly repaired/rebuilt but the insured rejected the repaired vehicle and the insurance company was still forced to pay up, so title was branded salvage.
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Stuart S (06-10-2020)
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I personally would have no problem with a rebuilt title that had documentation of damage and repair. However, if you ever want to sell it, no one will give you close to equivalent value for it, so negotiate accordingly.
And if it were rebuilt for water damage or comes from Texas or Florida, no way.
And if it were rebuilt for water damage or comes from Texas or Florida, no way.
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Something to keep in mind from an insurance company is when they total it they are one and done.
There is far more risk for them to fix a car as the insured could keep finding something not right and expect it done.