I purchased a mint 2001 XKR coupe, 86,000 miles, silver on black. Came with $19,000 totaled service records from the previous owner, who paid $32,000 for it in 2007 with 30k. Obviously kept an open checkbook with the Jag dealer, garaged all the time, not a mark on it.

I'm not sure I could easily replace this one if something happened to it. What value would you put on this car? Curious is I overpaid/underpaid and if I should go for an agreed value insurance policy given the low book values. Thanks.

 

I bought my 2002 XKR coupe via an eBay auction 18 months ago for $12,850.00 with 86,000 miles on it, but the car required another $3-4k worth of work to make it fully acceptable. When I put mine up for sale the best offer I got was the dealer value of $10,500. Ha, not selling for that price as I simply enjoy the car too much and my XKR is now at the point of few costs since it's up to spec.

Perhaps the best you could do is to see what another pristine model would go for at autotrader.com and insure it to that value.

It's worth noting that mine came from the factory with the upgraded chains and tensioners BUT the front bumper paint and trim around the front and rear windows faded considerably from what I guess is too much outdoor time.

 

I bought a 2004 XKR coupe a few months back for $17,500. 60k miles. But I will have an easy $5k in repairs and maintenance before it is in what I consider good condition. That will include replacing ALL fluids. I now think I should have paid at least $2k less. Last owner did not garage it properly and additionally the paint has chips and scratches. Looks great at 10 feet but not so good at 3 feet. So I should really add another $3k for a simple respray.

But they are hard to find. How much did you pay?

I normally like to pay NADA dealer trade in or less which would have been $16,500.

 

There are fewer coupes in the US, but surprisingly they are usually cheaper than the convertibles. I was looking for a coupe when I bought my 2001 XK8 'vert. Simply could not find a coupe in the condition I wanted and ran out of patience.

In my experience the coupes were selling for $750 to $1500 less for same year, model and condition against the open cars. Even when listed as "rare". You could use the same scale to match against the easier to find models to come up with a fair value.

BTW, some companies will write the policy for replacement value. This would cover you in case of the eventual collector status price increase that we are all waiting for.

 

I bought my 2002 XKR convertible about 4 years ago with 62,000 miles on it in exceptional condition except for a poorly repaired scratch on a rear quarter panel and curb rashed wheels (all 4) for about $15,600.00. At the time it was probably worth $20K. Of course, over the past 4 years and an additional 70,000+ miles I have put nearly the purchase price back into it to maintain and repair so many things. I still love it, use it everyday, looks new and did a 400 mile trip in it, yesterday. It seems that prices on both coupes and convertibles have firmed up quite a bit, with low mileage models at surprisingly high prices. I feel like they are higher than a year or two ago when there were plenty of pretty good cars available at sub $10K prices. That doesn't seem to be true right now.

 

Your car, priceless, I wouldn't worry if you overpaid, you can always find one cheaper. But will it be as nice? Try to get "replacement" value with your insurance. Keep all your records and if you add high priced items like wheels, have your insurance agent sign off on them. Enjoy the ride!

 

Am I right to think that the value of these cars have gone up about $2k?

 

YES - that's the way to run a Jaguar.
Graham

 

I bought my 2002 XKR with 32k miles on it in August of 2011 for $19,900. At the time this was a very good deal. For months, I looked on eBay and never saw anything priced lower. Also, XK8s/Rs with that low mileage are not common. Aside from routine maintenance, and replacing the ring and pinion gear from an upgraded rear differential with a 3.27 rear axle ratio, I have had no mechanical issues. I have done many upgrads on the car and could not be happier with it. To me, it's priceless.


Mark

 

mjlaris,
I had seen my car on ebay, it was a California car (so local for me), and I had the highest bid at the end of the auction. However, it was well below the reserve price so I did not get it. Two days later, I received a second chance offer from the seller telling me they would accept my bid. Because the reserve was not met on the original auction, I was actually under no obligation to buy it, so I rented a Hertz car that I could drop off a couple of minutes away from the seller if I liked the XKR. If I didn't, I could just drive home. Honestly, after seeing the car I was shocked that it could be possible to purchase it in such good condition for so little money. I puchased a 2002 Toyota Camry with a salvage title (from one of my tenants) for more than that. I am sure that I saved more than $5000 at the time. I refinished the wheels for $600 and had the quarter panel with the scratch, painted to brand new for $300. So for a little more than $16000 I had a spectacular example at roughly 1/6 of its original msrp.

 

I paid $10,200 for it. Only non-pressing pending repair is the lower control arms to tighten up the suspension to like new. I have yet to find a single mark on it. Amazing considering 86,000 miles and 12 years old.

I think I lucked out price-wise because of the time of year, and also the ad was very vague... no mention of the service history whatsoever.

 

I am constantly shocked by the prices at which you can buy one of the rolling works of art. Actually, that's how I got my first Jag (an X-Type). I was looking for a regular car on eBay, searching by price. The boring every day cars were more expensive than the Jags. Having always loved Jags ever since the 1960s when my brother-in-law bought a 1963 E-Type, I jumped at the opportunity to buy my dream car.


Mark

 

Actually have more money in my XJS than my XKR.

Adding some pictures of my Jaguars.

Jaguar Jeff

 

At that price, if well maintained - I would think it has nowhere to go but up in value.

 

mjlaris reminded me of similar thought process I forgot about. I was contemplating vastly less interesting cars to replace a Porsche Boxster that mother nature dropped a tree on. Somehow I came across the XK8 series and the coupes were too beautiful to dismiss for the price after mechanics noted they were fairly decent to maintain. I then accidentally stumbled onto XKR option and realized my desire to have muscle car for a few years was achievable as the style and luxury would avoid a veto that a Camaro, Mustang or SRT would never get past.

 

Well, mine is spotless, full service history, not a single scratch inside or outside, all wear and teaarts have recently replaced but the car is very ahrd to sell here in europe.

To be honest our cars start to look a bit outdated. Do not fool yourself by thinking that your car is the most precious car in the world. It is just a car at the end.

Mine will go for any offer basically, but I am not in a hurry as it is not costing me any money.

So what is it worth, anywhere between 8 and 14 Ks, anything more and you are dealing with day dreamers.

20 K will already buy you a Maserati GranTurismo which is a far sexier car..

 

jochem00,
In perusing adds for Maserati GT, the cheapest one I could find anywhere was at $66000.00 USD, quite a bit more than the $20,000 even if they are euros. And if there are Maseratis in that range, doesn't that say something about their huge depreciation since the msrp is close to $130,000 without options? And they are much newer than our 18 year old design. Nobody is claiming they're going to get rich holding on to 1st gen Xk8/R's, but the prices seem to be firming up quite a bit and may have hit bottom. As for looking dated, I would substitute the word 'classic,' in the same way that a Ferrari Daytona may not look like a modern sports or GT car, but imho, looks far better. It's why I purchased a 1972 Pantera years ago. The purity of its design has withstood more than 4 decades, it's what I could afford, and I still love looking at it. I believe our XK8/R's will also have that same quality 20-30 years from now, and for a fraction of the price so that anyone can own one now and get great enjoyment out of it.

 

Our cars remain a great buy for the dollar and undervalued in my opinion. Good for us though!

$20k USD might get you a Quattroporte, but you can find a GT in the $30k range. I actually looked at a Cambriocorsa Spyder (2001 for $22k) before I bought my Jag, but worried about cost of repairs vs. a Jag.

Still enjoy mine for its classic looks and fine GT qualities. I talked to a guy last week in a parking lot with a restored Rambler American (why?). It was what he drove in college and he needed a hobby. He loved it and I suspect enjoys it as much as we do our cars.

 

Each to their own, but.... HOW ON EARTH CAN YOU SAY A CAR THAT LOOKS LIKE A NISSAN GTR IS SEXIER THAN AN XKR??????!!!!!

 

My former business partner bought a 2004 Maserati Cambriocorsa Coupe a few months after I bought my XKR. Personally, I much prefer my XKR. I bought my 2002 XKR for $19,900 and he bought his 2004 Cambriocorsa Coupe for $26,000. So, price wise, they are very close. However, only about 4k Cambriocorsa Coupes were made and only about 1000 were imported into the US, making it much more rare than even the XKR coupes. Maintenance is also much more expensive. The automatic/manual transmission (Cambriocorsa) is only good for about 75k miles. My former partner just had his replaced at the same time the air conditioner compressor froze up and needed to be replaced. The cost for both at the Fort Worth Maserati dealer was $14k. My ex-partner is a very good DIY mechanic but this work was, by his own admission, far beyond his capabilities. Also, the Maserati forum is not nearly as active as this forum, likely the result of the smaller number of cars sold. This forum makes ownership of an exotic possible for us mere mortals.


Also, while both cars are considered GTs (luxury sports car), the Maserati is closer to the sports car end of the GT spectrum, whereas our XK8/Rs are closer to the luxury end of that spectrum, which is what I wanted. There are also more modifications that you can do with our cars, which in my opinion, is part of the fun. However, I will say this, I do love the sound of that Ferrari engine that's in his Maserati.


Mark