Realistic Value of a low mileage pristine example?
#21
I have some cars that are worth a lot to me, and I would never sell at any price, but market says they are worth about $10K, maybe 15K if you find one in pristine condition like mine.
Car linked by OP is definitely not worth "twice as much", but XK is a great value no matter how you look at it, even if you overpay a bit for low miles example. Keep in mind, low miles doesn't mean trouble free or in a good shape. There are million ways to run the car into the ground in 12 years and not to put much miles into it. You always want to see service history if the owner asking above market.
Car linked by OP is definitely not worth "twice as much", but XK is a great value no matter how you look at it, even if you overpay a bit for low miles example. Keep in mind, low miles doesn't mean trouble free or in a good shape. There are million ways to run the car into the ground in 12 years and not to put much miles into it. You always want to see service history if the owner asking above market.
Last edited by SinF; 03-10-2019 at 09:37 PM.
#22
The car in question is certainly a nice car, but definitely overpriced compared to the market. If you're planning on keeping it for many years, then over a long period of time it makes little difference if you overpay up front. As others have stated there are 2010 5.0L XKRs available in that price range, and that is an enormous upgrade for the price.
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Sean W (03-11-2019)
#23
The car in question is certainly a nice car, but definitely overpriced compared to the market. If you're planning on keeping it for many years, then over a long period of time it makes little difference if you overpay up front. As others have stated there are 2010 5.0L XKRs available in that price range, and that is an enormous upgrade for the price.
Coupe versus Convertible almost ALWAYS favors convertible as well, regardless of rarity. There are exceptions, 63 Corvette, 540K Autobahnkurier vs 540K Special Roadsters, but the phrase is, "the top goes down, the price goes up" with all else equal.
Every single variant of the X150 is a pretty car. Even the slowest is still fast enough to be enjoyable. My 4.2L XKR Coupe is towards the lower end of the hierarchy but I find it a very fun car, that I'm proud to own and enjoy.
If you plan on buying to own for a long time, and are speculating, buy a higher trim to start. I'd say a sweet spot of buying right now is the 5L XKR if you are speculating and using the car.
#24
My 2008 XK was immaculate when I bought it two years ago. Looked and smelled like new. Not a scratch on it anywhere. 23,000 miles. The seller put new tires all around. So to me, for all intents and purposes, it was as close to as new as I could get for a 10-yr old car. I paid 25,000 at the time and flew to Kansas to pick it up. I think it was absolutely worth it. The car has been great, and I have put an additional 35,000 miles on it since. I may have paid a couple of thousand more than it was "worth", but as others have said, it no longer matters to me. I think paying $25,000 for an $87,000 car in like-new condition makes me a genius. And to top it off, it is a Jaguar!
Last edited by 110reef; 03-11-2019 at 10:42 AM.
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kj07xk (03-11-2019),
Queen and Country (03-11-2019)
#25
I agree that the 5.0 is a much more advanced engine, which is why I bought it.
However, no way will an average person* get more miles out of it than the bulletproof 4.2.
They would not even know if it had run out of oil, leaking water pump or VVT was failing.
The catch 22 to this: it makes a 5.0 less likely to be ideally maintained.
Which makes the older engine more valuable to someone looking for low mileage for the sake of reliability or to put miles on.
This is the reason the newer Merc Sl have no resale value, because advancement comes with risks.
I dont think anyone has ever successfully rebuilt a 5.0 engine as example.
How many here have needed a 4.2 engine because it blew.
*before you beat me up, we all want cars that some old man had never put miles on, and lets go for little money, its this old man/lady that I am calling an average person.
However, no way will an average person* get more miles out of it than the bulletproof 4.2.
They would not even know if it had run out of oil, leaking water pump or VVT was failing.
The catch 22 to this: it makes a 5.0 less likely to be ideally maintained.
Which makes the older engine more valuable to someone looking for low mileage for the sake of reliability or to put miles on.
This is the reason the newer Merc Sl have no resale value, because advancement comes with risks.
I dont think anyone has ever successfully rebuilt a 5.0 engine as example.
How many here have needed a 4.2 engine because it blew.
*before you beat me up, we all want cars that some old man had never put miles on, and lets go for little money, its this old man/lady that I am calling an average person.
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kj07xk (03-11-2019)
#27
I knowingly paid a few grand more for my 2007 DHC last summer because it was configured almost exactly as I wanted in the colors I wanted. It was a one owner summer car with an excellent service record, with relatively low mileage (40,000). The extra few grand was totally forgotten when I had a local retired Jag mechanic go over the car and he gave it his thumbs-up. And, yes, it feels and smells like new.
Cheers,
Cheers,
#29
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mosesbotbol (03-12-2019)
#30
I paid above "book value" for my XK.
My time was worth more than shopping for the best deal.
I wanted a Caramel interior.
It had a Caramel interior and was relatively local.
Went to see it in the afternoon, came back with a certified check the next morning.
That said, I would not consider "low miles" to be inherently worth a premium on these cars.
Do any of you remember the 150,000+ mile XKR that came up for sale in California?
It isn't the miles but the condition. Condition is from two components of wear + care.
Time causes wear, environment causes wear, abuse causes wear. The duty cycle these cars are designed for mean that a well cared for high mileage car that is kept in a garage when not being driven is in better shape than a low mileage car that has been sitting outdoors.
My experience with taking a rental car that was nearly brand new on its first 7,000 miles is that "new car" doesn't last past about 250 miles. Past that and there isn't much premium. The more important factors are care and environment.
My time was worth more than shopping for the best deal.
I wanted a Caramel interior.
It had a Caramel interior and was relatively local.
Went to see it in the afternoon, came back with a certified check the next morning.
That said, I would not consider "low miles" to be inherently worth a premium on these cars.
Do any of you remember the 150,000+ mile XKR that came up for sale in California?
It isn't the miles but the condition. Condition is from two components of wear + care.
Time causes wear, environment causes wear, abuse causes wear. The duty cycle these cars are designed for mean that a well cared for high mileage car that is kept in a garage when not being driven is in better shape than a low mileage car that has been sitting outdoors.
My experience with taking a rental car that was nearly brand new on its first 7,000 miles is that "new car" doesn't last past about 250 miles. Past that and there isn't much premium. The more important factors are care and environment.
#31
I can't recall the "book" value now at the time I purchased mine . I believe I paid a little above it. I bought it in April of 2014 as a CPO car with 6,666 miles on it. I talked with original owner who bought the car in 2012 new for $111K. I paid $75K. Looking at today's value one only shakes their head. Hey that's the old Jaguar price hit so if you want the car just to have it then you pay the price to get it. Maybe we should start another post asking how long do you plan to keep your car. At this point in my life my heir's will be selling it.
#32
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#33
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pwpacp (03-12-2019)
#34
So am I out of my head asking for $14,500 for my 07 XK? (Low? Fair? High?)
95k-ish miles.
Full repaint in 2013 with new headlamps, fog lights, grill and windshield at the time.
Clearbra
Stoptech slotted rotors
Zero signs of rust on the undercarriage (we don't get salted roads here in western Washington state)
Need tires. (didn't want to pay for them, and it leaves the tier preference up to the new owner.)
Just curious what will sell this car with a reasonable amount in my pocket.
V
95k-ish miles.
Full repaint in 2013 with new headlamps, fog lights, grill and windshield at the time.
Clearbra
Stoptech slotted rotors
Zero signs of rust on the undercarriage (we don't get salted roads here in western Washington state)
Need tires. (didn't want to pay for them, and it leaves the tier preference up to the new owner.)
Just curious what will sell this car with a reasonable amount in my pocket.
V
#35
So am I out of my head asking for $14,500 for my 07 XK? (Low? Fair? High?)
95k-ish miles.
Full repaint in 2013 with new headlamps, fog lights, grill and windshield at the time.
Clearbra
Stoptech slotted rotors
Zero signs of rust on the undercarriage (we don't get salted roads here in western Washington state)
Need tires. (didn't want to pay for them, and it leaves the tier preference up to the new owner.)
Just curious what will sell this car with a reasonable amount in my pocket.
V
95k-ish miles.
Full repaint in 2013 with new headlamps, fog lights, grill and windshield at the time.
Clearbra
Stoptech slotted rotors
Zero signs of rust on the undercarriage (we don't get salted roads here in western Washington state)
Need tires. (didn't want to pay for them, and it leaves the tier preference up to the new owner.)
Just curious what will sell this car with a reasonable amount in my pocket.
V
I'd say to ask 13k and take about 11.5K if you want to move it fast; if you start at 14.5k, you can come down later, depending on what kind of hurry you are to move it . I've been surprised what I've gotten when I ask and wait, you just need a buyer who may not be all that knowledgeable about pricing, have certain options, be local, etc; you never know.
#36
If it's a no excuse car it's not out of the ballpark, but on the higher end. I always use eBay SOLD listings as a ballpark: https://www.ebay.com/itm/2007-Jaguar...p2047675.l2557
#37
#38
It's not a no excuse car even them, it needs a grand to fifteen hundred worth of tires as well. I still think 12-12.5k is an achievable number on this car. Not to an enthusiast, but I definitely think there's a buyer at that.
#39
The vehicle received heavy sandblasting while crossing a high pass on interstate. Turned the lower 6 inches of car into a milky white as the clear coat took the damage. (Along with headlamps, grill, foglights, and windshield, which were all replaced at the same time). $14K worth! Eeeks!
With the repaint came clearbra, and she still looks new today.
V
Last edited by CleverName; 03-12-2019 at 02:43 PM. Reason: Added pics