X150 coupe: Talk me out of it
Discussion
reddiesel said:
I think you are completely wrong on that VED argument regarding the X150 and the current marketplace backs that assertion up . Where are they falling fast ?
I also think you are wrong about the F Type , cars are as much an emotional purchase as they are a financial one , especially something of
limited appeal such as an F Type . Nine times out of ten people do their homework and if they want it then they will have it irrespective of VED
Reddiesel, I am afraid I disagree with you.I also think you are wrong about the F Type , cars are as much an emotional purchase as they are a financial one , especially something of
limited appeal such as an F Type . Nine times out of ten people do their homework and if they want it then they will have it irrespective of VED
The XK was the second worst depreciating car in the UK Dec 22. Read it here:
https://cardealermagazine.co.uk/publish/revealed-t...
I do think high VED plays are part in those falls.
Regarding the F-Type VED situation. deciding to buy any Jag sports model is a decision made with the heart, however which one to end up purchasing is, or should be, made with the head & of course the wallet
volvos60s60 said:
Reddiesel, I am afraid I disagree with you.
The XK was the second worst depreciating car in the UK Dec 22. Read it here:
https://cardealermagazine.co.uk/publish/revealed-t...
I do think high VED plays are part in those falls.
Regarding the F-Type VED situation. deciding to buy any Jag sports model is a decision made with the heart, however which one to end up purchasing is, or should be, made with the head & of course the wallet
Plenty of other cars in the same VED bracket don't depreciate by so much. Also don't forget we were hearing how the XK family were one of the models that benefited the most from the price boom late in 2021 so I think this is just the values of the XK family normalising again. F-Type values still have some way to go too.The XK was the second worst depreciating car in the UK Dec 22. Read it here:
https://cardealermagazine.co.uk/publish/revealed-t...
I do think high VED plays are part in those falls.
Regarding the F-Type VED situation. deciding to buy any Jag sports model is a decision made with the heart, however which one to end up purchasing is, or should be, made with the head & of course the wallet
Any car purchase involves a balance of head vs. heart vs. wallet. Any sports/luxury car purchase is likely about the same balance as a fast Jag.
X150 values have absolutely nosedived in the last 3 months, I think we need to recognise that an ageing Jaguar coupe is not, and never has been, some cherished modern classic and as a model will go through a long, or VERY long, phase where many unfortunate cars become cheap council estate 12 owner knackered dogs with the values in the pits.
They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
Edited by anonymous-user on Tuesday 14th February 13:57
I guess the only other thing I'd say is to the OP is 'If not now, when' ?
At some point non EV's and large-engined cars will be increasingly caned for VED and whatever other new taxes are dreamed up as a further disincentive to stick with the ICE rather than switch battery power (or whatever the flavour of the day becomes). Taxation will only become more punative as time goes on so its probably time to scratch that XK/V8/whatever itch while you still can and have some fun.
At some point non EV's and large-engined cars will be increasingly caned for VED and whatever other new taxes are dreamed up as a further disincentive to stick with the ICE rather than switch battery power (or whatever the flavour of the day becomes). Taxation will only become more punative as time goes on so its probably time to scratch that XK/V8/whatever itch while you still can and have some fun.
stickleback123 said:
X150 values have absolutely nosedived in the last 3 months, I think we need to recognise that an ageing Jaguar coupe is not, and never has been, some cherished modern classic and as a model will go through a long, or VERY long, phase as where many unfortunate cars become cheap council estate 12 owner knackered dogs with the values in the pits.
They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
100% agree, let's not kid ourselvesThey made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
Edited by stickleback123 on Tuesday 14th February 12:15
volvos60s60 said:
stickleback123 said:
X150 values have absolutely nosedived in the last 3 months, I think we need to recognise that an ageing Jaguar coupe is not, and never has been, some cherished modern classic and as a model will go through a long, or VERY long, phase as where many unfortunate cars become cheap council estate 12 owner knackered dogs with the values in the pits.
They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
100% agree, let's not kid ourselvesThey made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
Edited by stickleback123 on Tuesday 14th February 12:15
All Cars from Ferrari to Aston to Jaguar will follow their own depreciation curve and the X150 is no different in this regard . Granted there will be some cheap ones out there but apart from the normal depreciation aspect they will undoubtedly be cheap for a reason . The Maintenance Costs wont get any less despite the age of the vehicle and as always there will be those out there convinced they can run the car on a shoestring . With the X150 we are now in that hinterland whereby the car is still too new to be regarded as a Classic and the XK isnt alone in that regard .Any idea however that it wont follow the path of the E Type is I think complete nonsense . The best of these are already Aston money and unlike any comparative Jaguar thats gone before , the X150 has a few things that mark it out from the norm . V8 , Aluminium and Designed by one of the Industries greatest talents at least in the last 50 years . In conclusion these cars are following their own natural depreciation curve alongside every other car , sooner or later that will bottom out and values will stabilise then gently climb . In my experience if properly maintained which can done surprisingly cheap they are far from being a money pit and its a far better driving dynamic than any X100 and subsequently a better second hand buy .
volvos60s60 said:
Reddiesel, I am afraid I disagree with you.
The XK was the second worst depreciating car in the UK Dec 22. Read it here:
https://cardealermagazine.co.uk/publish/revealed-t...
I do think high VED plays are part in those falls.
Regarding the F-Type VED situation. deciding to buy any Jag sports model is a decision made with the heart, however which one to end up purchasing is, or should be, made with the head & of course the wallet
Sorry but I am with 8bit on this . I think you are completely deluded regarding the buying of Jaguar Sports Models because there has never been a Production Jaguar Sports Car that increased in value in the short to medium term , why would you think such a thing ? If you are looking for a return on your money or indeed to retain a greater proportion of it then clearly you are on the wrong Forum . You need to be buying Porsche GT Models .The XK was the second worst depreciating car in the UK Dec 22. Read it here:
https://cardealermagazine.co.uk/publish/revealed-t...
I do think high VED plays are part in those falls.
Regarding the F-Type VED situation. deciding to buy any Jag sports model is a decision made with the heart, however which one to end up purchasing is, or should be, made with the head & of course the wallet
Getting your idea of what these are worth from the handful of rip off merchants who put them up for silly prices and wait months for the right mug will severely distort your view of the market. This is a volume model, widely available, and recently they've been consistently failing to get CAP values at auction.
I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
Reddiesel,
Just because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
Just because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
Edited by volvos60s60 on Tuesday 14th February 16:30
Edited by volvos60s60 on Tuesday 14th February 16:32
If you fine gentlemen will forgive my saying so, this is very much a trade up for the heart over the head. I know it's never going to make me money, I just hope it doesn't cost me too much beyond the reasonable servicing,wear and tear etc. I'm not some big throbbing CEO with a wallet so generous it has its own postcode, I just miss the effortless grace of a nicely damped cruiser, that maybe just for the duration of the drive will flatter me that I've maybe achieved more than I have.
volvos60s60 said:
Do you think the article I posted in from CarDealer is untrue
If Jags have depreciated heavily, that is excellent news for anyone wishing to buy one - in this case, the OP. So what the depreciation was last year is irrelevant.Furthermore the article doesn't mention VED and you didn't post any supporting evidence for that theory. I suspect things like the ageing 'infotainment' or fuel consumption are equal if not more likely causes.
To the OP: Sod the VED and enjoy your purchase
HendrixsWhiteStratReturns said:
Hi - I had an L322, shocking car it really was, finally dumped it after the front diff went for the second time.
The XK is not in that ballpark, they seem decent cars but coolant loss and sensors/electrical stuff seems the weak point. I have a really good specialist (Barny Jones Ltd) look after mine now and they are superb.
My old td6 went through 7 front diffs!The XK is not in that ballpark, they seem decent cars but coolant loss and sensors/electrical stuff seems the weak point. I have a really good specialist (Barny Jones Ltd) look after mine now and they are superb.
Sorry off topic
volvos60s60 said:
Reddiesel,
Just because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
You said the purchase should be made also considering the wallet ,we are speaking about the Jaguar XK values falling through the floor , which of course they arent so what concern would you or anyone else have have regarding your wallet if its not one of depreciation ? I think the data from Car Dealer is absolute rubbish and a quick internet search will replace all the Cars mentioned in the Car Dealer Article with different ones depending on who is publishing the Article . i have pointed out that 10 year old XK Jaguars are still valued at sometimes near 50% of their original Purchase Price . Is that indicative of a Model with its value in freefall ? Of course it isnt and If that isnt an objective argument then what is ? Just because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
Edited by volvos60s60 on Tuesday 14th February 16:30
Edited by volvos60s60 on Tuesday 14th February 16:32
I dont need to hear any narrative and what argument have you put in front of me , absolutely none . You have simply lifted an Article from a Magazine which I am trying to point out to you isnt the whole story .
Edited by reddiesel on Tuesday 14th February 18:32
stickleback123 said:
Getting your idea of what these are worth from the handful of rip off merchants who put them up for silly prices and wait months for the right mug will severely distort your view of the market. This is a volume model, widely available, and recently they've been consistently failing to get CAP values at auction.
I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
The best of anything will always attract a Premium , we have spoken many times about the prices being asked and whether the cars are selling and if they are worth the money . I think we both know how auctions work , if that 2014 XK was bought by a Trader it will now be sat on a Forecourt at £17500 minimum . You cant compare Trade Prices with Retail ones and if that Signature Edition was bought by a Private Individual then good luck to him , I hope he has done his homework . Apart from their normal Depreciation curve Jaguar Xk150 are cheap for a reason , the marketplace for example for a 124k 4.2 is a different marketplace than that for a 15,000 mile example . I dont believe X150 values are in freefall and I doubt if many others do either .I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
volvos60s60 said:
Reddiesel,
Just because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
https://www.lovemoney.com/news/158930/the-used-cars-that-have-lost-the-most-valueJust because we have a difference of opinion there is no need to get personal or offensive by calling me deluded or drunk - or do you only maintain politeness with those who agree with you?
I would also add that I have never spoken about chasing a return on my money. Please do not accuse me of saying things I did not.
I think you need to calm down a little and be more objective & less emotional.
Do you think the article I posted in from CarDealer is untrue, or does it not simply reflect the narrative you seem to want to hear - please be realistic enough consider the reality others are putting in front of you
Edited by volvos60s60 on Tuesday 14th February 16:30
Edited by volvos60s60 on Tuesday 14th February 16:32
Not a Jaguar in this compilation
Edited by reddiesel on Tuesday 14th February 18:29
Since we're on PH I thought I'd have a very quick glance at the X150s on here, keeping to mileage a little over 50% more than mine there are some slightly cheaper ones but most of the ads are in the ball park of what I paid for mine 10 years ago. The difference would certainly be less than I've spent on VED over the last 10 years. 
If I had to replace mine from the current ads on here it would cost pretty much what I paid for it. So based on advertised prices from dealers there doesn't seem to be that much depreciation compared with dealer ad prices 10 years back.
If I had to replace mine from the current ads on here it would cost pretty much what I paid for it. So based on advertised prices from dealers there doesn't seem to be that much depreciation compared with dealer ad prices 10 years back.
stickleback123 said:
Getting your idea of what these are worth from the handful of rip off merchants who put them up for silly prices and wait months for the right mug will severely distort your view of the market. This is a volume model, widely available, and recently they've been consistently failing to get CAP values at auction.
I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
They made around 54,000 of them if I remember right, that's hardly a "volume model". Regards pricing, are you suggesting those of us selling privately should just advertise at CAP value?I watched a 2014 XK Signature edition, one of the last cars sold, on 80k miles go for £15,800 last week, and a 108k mile 2007 4.2 XKR go for £6,600 against a £7,200 CAP, these are real transactions representing real prices, not a fantasist seller asking £40k.
Tomorrow I'm keeping my eye on a 124k mile 2007 4.2 that has a CAP of £5,200 and I think it'll go for something starting with a 4 and maybe even a 3. Ok these are not the cherished cars JEC members want, but they serve to drag down the values across the board.
Best thing is these were so well built there is absolutely zero reason to pay through the nose for a 20k mile car vs a high miler. There will always be the odd buyer who wants to get absolutely bent over for the lowest possible miles, probably because he remembers his Morris 8 crapping the bed at 40k miles, but in the world of level headed buyers these are 8 year old Ford Focus money now.
I use CAP values as they are far more indicative of the strength or weakness of demand than classified ads that can sit unsold for 6+ months. What things are advertised for and what they sell for can be a million miles apart, follow the market for V12 Mercedes models to see that; greedy sellers asking 50% to 100% over any sensible price with cars unsold for literally years but one comes along at a fair price and it’s always gone within a fortnight.
Like anything there is a reasonable margin for retail, but if you think that margin for X150s should, for some reason, be 100% over trade values then by all means go for it, there will be plenty of sellers who’d be very happy to meet you.
FWIW my experience is that private sales are typically 5-10% over auction prices. A dealer needs more margin of course, and as I said before they do seem to build bigger margins in for JLR stuff because of the expectation of warranty issues.
Like anything there is a reasonable margin for retail, but if you think that margin for X150s should, for some reason, be 100% over trade values then by all means go for it, there will be plenty of sellers who’d be very happy to meet you.
FWIW my experience is that private sales are typically 5-10% over auction prices. A dealer needs more margin of course, and as I said before they do seem to build bigger margins in for JLR stuff because of the expectation of warranty issues.
Edited by anonymous-user on Wednesday 15th February 10:18
stickleback123 said:
X150 values have absolutely nosedived in the last 3 months, I think we need to recognise that an ageing Jaguar coupe is not, and never has been, some cherished modern classic and as a model will go through a long, or VERY long, phase where many unfortunate cars become cheap council estate 12 owner knackered dogs with the values in the pits.
They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
There are parts of this I agree with but I think you're being a little too black and white - and a little harsh on X150 owners. I'm neither an old boy, have too much index linked income and nor did I buy the car for 'prestige'. I bought mine because I'd always liked them and, for me, they are the closest line back to the dna of the e-type. You're right, as with any expensive sports car a lot will filter down through the ownership tiers and suffer poor (or no) maintenance and will end up as the knackered dogs you mention - but a lot won't. A lot don't seem to be used outside of summer months and only come out to play when the weather is decent (I see very few out and about). Mine is 16 years old and is immaculate, every time I take it out it still turns heads and almost without fail when filling up someone will come over and ask me about it, how much, where I bought it, that they had wanted one etc etc. Decent ones will remain sought after and will command a premium as well-spec'd desirable cars will attract a premium accordingly. Look at later e-types about 20+ years ago, you couldn't give them away and many were shunned for the reasons you outlined .... a thirsty, elderly sports Jag with high maintenance costs and (often) iffy owner history....but now even ropey stuff is going for good money and early basket cases for silly money. They made loads of them, hardly anyone wants a thirsty elderly money pit barge coupe, or if they do it's for "prestige" and they're now too old to have any now, so there will be a large scale neglect fuelled culling to push prices back up to where only people who really want one and can afford to look after it can get into one. X100 is just coming out of this phase, although there are a lot of rotten cars around still. As such a VED cost of 10% of the value of the car every year is a big factor driving costs lower still.
We'll continue see the "specialists" bending people over for well presented cars of course, there seems to be a peverse pride old boys with too much index linked income to burn take in massively overpaying for ropey old Jaguars, but in the wider motor trade these things are still on a very downwards trajectory.
There is also significant downward pressure from the massive depreciation the F Type is suffering; a 2015 F-Type R AWD with 58k miles has a £28,700 CAP clean value, it puts a very firm ceiling on what any X150 will sell for.
TL:DR Used Jaguars still depreciate on about the same curve as used toilet roll. I can well see myself in an X150 in 2023, they're getting to the point of being too cheap to resist.
Edited by stickleback123 on Tuesday 14th February 13:57
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