Jaguar XJ6 - wise investment or waste of money?

[AmanSehra]

So this has probably been asked before but I cant seem to find any solid posts around this:

Should I buy a Jaguar X300 XJ6 Sovereign (and LWB to top it off!) as an investment?

I have a couple of grand to spare, and instead of sitting in a bank, maybe an old school jag is the answer.

It would be in relatively good condition, FSH, and hopefully low number of owners.

Is this wishful thinking that it will go up to maybe around 5 or 6 grand in the next 7-10 years?

And the other important question:

Would you do it?!

[AmanSehra]

very mixed opinions!

I actually jumped in and bought one this weekend just gone (I had the original post tucked in an email and just copy and pasted hastily this morning!)

This car is a jaguar owners club member's car, 121k, however only 2 owners
(original was for 18months, the CEO of Powergen and for 50k!, and then the gentleman I bought it from who cherished it hugely).

Literally no expense spared (apart from a wheel refurb it would benefit from, that was my only bargaining point)

Hopefully it will go up in value, and hopefully the neighbour won't mind it encroaching onto his side of the parking spaces outside!

Will upload pics later, would be great to get some more opinions on the car (being a novice to Jags atm)

[AmanSehra]

dbdb said:

I have noticed Jaguar XJ40 prices rising lately - though it must be said they couldn't have fallen much further!

I think the rise in price is mainly due to the cost of metal going up!

Joking aside, XJ40's are starting to increase a little more than I would have thought! Car and classic have a few cars knocking around the 5k mark (fair enough they are exceptionally good condition and sub-60k mileage)

I have a sneaky suspicion the x300's will go up in value in the next few years...to what extent I really couldn't say... and the primary reason for that theory is because they can't go down anymore... and also:

We're coming out of a recession, costs are high, companies are fighting to survive, and salaries haven't been going up at the same rate, because these companies need to cut costs...(you often hear about how 'real' salaries are going down i.e inflation higher than salary index)

Once there is more money in the economy, and we all start spending, companies will have an eased burden and profits increase and salaries will rise...

Generally things will be more expensive, and I suspect this would lead on to everything from a WHSmiths pencil sharpener, to classic cars. Afterall, 20 years ago my dad was offered a Lada for £20... nowadays you can't even find a door mirror for that much!

BUT

I haven't yet put anything together to substantiate these claims!

If this doesn't happen, then I would have had the pleasure of driving a lovely XJ6 around, which after owning for only a few days, wouldn't be so bad since I am seriously starting to like this car!

[AmanSehra]

Prawnboy said:

enjoy your car, they are great, but you will not make a bean.

Thanks for all the replies, but I have proved that making 'beans' isn't so bad after all. I had the car, thoroughly enjoyed it (now off my bucket list), and sold it on for 15% more than I purchased it for (accounting for all work done on the car, which was zero, and not accounting for fuel)!

Very pleased with that! Would've kept it if the fuel economy wasn't so bad :-(