How bad are Jags being hit by the current environment?
Discussion
I recently bought a 57 reg XKR and absolutely bloomin' love it. However, my circumstances have changed somewhat over the last few months and I will have to sell it probably by the end of the year.
I'm gutted for two reasons, the obvious one being I love the car, and the second one being I probably stand to lose a packet. I always try and hold onto newish cars for at least a couple of years to limit the depreciation hit, but this one is out of my hands.
I will need to replace it with a large car so will probably be going down the part ex route, but am really worried about trying to sell a 25mpg car in this environment.
So my question is, are these sorts of car really suffering in this environment? Or do people who spend £50k on a large coupe not care that much about fuel consumption, and therefore the depreciation is normal (ie bad but not that bad.)
Any thoughts / comments much appreciated!
Ed
I'm gutted for two reasons, the obvious one being I love the car, and the second one being I probably stand to lose a packet. I always try and hold onto newish cars for at least a couple of years to limit the depreciation hit, but this one is out of my hands.
I will need to replace it with a large car so will probably be going down the part ex route, but am really worried about trying to sell a 25mpg car in this environment.
So my question is, are these sorts of car really suffering in this environment? Or do people who spend £50k on a large coupe not care that much about fuel consumption, and therefore the depreciation is normal (ie bad but not that bad.)
Any thoughts / comments much appreciated!
Ed
EdJ said:
So my question is, are these sorts of car really suffering in this environment? Or do people who spend £50k on a large coupe not care that much about fuel consumption, and therefore the depreciation is normal (ie bad but not that bad.)
Any thoughts / comments much appreciated!
Ed
I think you've answered you're own question there. Land Rover are enjoying record sales at the moment. Jaguar are also on a resurgence due to XK & XF.Any thoughts / comments much appreciated!
Ed
You will inevitably take a hit but less so if you bought from a Jaguar showroom and manage to sell privately, presumably complete with Jag warranty. There are plenty of Jag enthusiasts who don't put a lot of miles on the clock so the cost of fuel is less important to them. And there's always LPG. The chap who bought my 97 XK8 coupe a month ago proudly informed me yesterday that he had booked it in for an LPG conversion. As I was recovering from the shock, he told me that the conversion was going to cost him under £2k, that LPG costs 57p per litre and that he can switch back and forth between petrol and LPG via a button on the dash.
While this obviously has some appeal for owners of older cars, I can't see it catching on yet for newer cars.
Simon
While this obviously has some appeal for owners of older cars, I can't see it catching on yet for newer cars.
Simon
pr100 said:
8<--------------------
And there's always LPG. The chap who bought my 97 XK8 coupe a month ago proudly informed me yesterday that he had booked it in for an LPG conversion. As I was recovering from the shock, he told me that the conversion was going to cost him under £2k, that LPG costs 57p per litre and that he can switch back and forth between petrol and LPG via a button on the dash.
While this obviously has some appeal for owners of older cars, I can't see it catching on yet for newer cars.
Simon
Ed, sorry to hear you have to sell after we got you in one!
You'll be looking at £46-48k to part-ex now, with them losing around £600-1000/mnth from now on. So by years end I would say around £40k as a part-ex price. The price of fuel IMHO is not a problem for a perspective purchaser on a car like this so not to worry. What is the main concern is whether someone wants to buy a Jag. Still hardly see any on the road.
I think my beaut motor is still at the dealers after 3 months and one of the cheapest around!
G
You'll be looking at £46-48k to part-ex now, with them losing around £600-1000/mnth from now on. So by years end I would say around £40k as a part-ex price. The price of fuel IMHO is not a problem for a perspective purchaser on a car like this so not to worry. What is the main concern is whether someone wants to buy a Jag. Still hardly see any on the road.
I think my beaut motor is still at the dealers after 3 months and one of the cheapest around!
G
Edited by Triple7 on Monday 9th June 22:12
Triple7 said:
Ed, sorry to hear you have to sell after we got you in one!
You'll be looking at £46-48k to part-ex now, with them losing around £600-1000/mnth from now on. So by years end I would say around £40k as a part-ex price. The price of fuel IMHO is not a problem for a perspective purchaser on a car like this so not to worry. What is the main concern is whether someone wants to buy a Jag. Still hardly see any on the road.
I think my beaut motor is still at the dealers after 3 months and one of the cheapest around!
G
Thanks for the replies. Gareth, I'm in a similar position to the one you are in, or were in. Did you part ex your car for the Range Rover? The reason I ask is that I'm wondering about one myself, and perhaps the guys at Guy Salmon will give me a better price if I buy another car off them.You'll be looking at £46-48k to part-ex now, with them losing around £600-1000/mnth from now on. So by years end I would say around £40k as a part-ex price. The price of fuel IMHO is not a problem for a perspective purchaser on a car like this so not to worry. What is the main concern is whether someone wants to buy a Jag. Still hardly see any on the road.
I think my beaut motor is still at the dealers after 3 months and one of the cheapest around!
G
Edited by Triple7 on Monday 9th June 22:12
Edited by EdJ on Tuesday 10th June 16:12
Gassing Station | Jaguar | Top of Page | What's New | My Stuff