whats going on with xk8 prices...
Discussion
Yeah but would you buy one ?
Some examples were used as private company cars and abused accordingly with big mileages.
However, you also have to look at the marketplace. Who is going to buy a 12 year old thirsty and expensive to run car as everyday transport and pay over £10k for the priviledge. So instead the market becomes weekend cars, like mine. A weekend car buyer wants a clean and tidy example with moderate mileage and a service history, a classic if you will. So where does this leave the tatty high milers ?
I think its demand thats causing the problem. I work in the trade and the first question i am asked by every car buyer is "whats the mpg?" followed by "how low is the RFL?"
As such the credit crunch is to blame, the only people wanting to afford the running costs are enthusiasts and they want the best car they can afford to buy, so the bottom end is left in trouble
This is just my opinion, but does it make sense ?
Some examples were used as private company cars and abused accordingly with big mileages.
However, you also have to look at the marketplace. Who is going to buy a 12 year old thirsty and expensive to run car as everyday transport and pay over £10k for the priviledge. So instead the market becomes weekend cars, like mine. A weekend car buyer wants a clean and tidy example with moderate mileage and a service history, a classic if you will. So where does this leave the tatty high milers ?
I think its demand thats causing the problem. I work in the trade and the first question i am asked by every car buyer is "whats the mpg?" followed by "how low is the RFL?"
As such the credit crunch is to blame, the only people wanting to afford the running costs are enthusiasts and they want the best car they can afford to buy, so the bottom end is left in trouble
This is just my opinion, but does it make sense ?
S2 Giles said:
Yeah but would you buy one ?
Some examples were used as private company cars and abused accordingly with big mileages.
However, you also have to look at the marketplace. Who is going to buy a 12 year old thirsty and expensive to run car as everyday transport and pay over £10k for the priviledge. So instead the market becomes weekend cars, like mine. A weekend car buyer wants a clean and tidy example with moderate mileage and a service history, a classic if you will. So where does this leave the tatty high milers ?
I think its demand thats causing the problem. I work in the trade and the first question i am asked by every car buyer is "whats the mpg?" followed by "how low is the RFL?"
As such the credit crunch is to blame, the only people wanting to afford the running costs are enthusiasts and they want the best car they can afford to buy, so the bottom end is left in trouble
This is just my opinion, but does it make sense ?
Some examples were used as private company cars and abused accordingly with big mileages.
However, you also have to look at the marketplace. Who is going to buy a 12 year old thirsty and expensive to run car as everyday transport and pay over £10k for the priviledge. So instead the market becomes weekend cars, like mine. A weekend car buyer wants a clean and tidy example with moderate mileage and a service history, a classic if you will. So where does this leave the tatty high milers ?
I think its demand thats causing the problem. I work in the trade and the first question i am asked by every car buyer is "whats the mpg?" followed by "how low is the RFL?"
As such the credit crunch is to blame, the only people wanting to afford the running costs are enthusiasts and they want the best car they can afford to buy, so the bottom end is left in trouble
This is just my opinion, but does it make sense ?
This is just my opinion, but does it make sense ?Certainly does to me. Yup you're right, only a enthusiast for the marque would be prepared to spend so much on running a older Jaguar with the cost of fuel, road tax - let's call it that instead as the name road fund license implies that the billions taken from the motorist is actually spent on maintaining the roads - and the suspicion that somthing wallet rapingly expensive could go wrong at any moment.
Who else would take the risk? If you're skint and need cheap reliable transport then a shed from Autotrader with a long MOT can be had for a few hundred quid - if it goes pop 6 months later then just tow it to the scrappers and get another. Spend a few thousand 'tho and that's much harder to throw away. You're committed to whatever repairs cost and that's the financial hole that older prestige cars sit in, most people know that and steer well clear and TBH who can blame them?
Edited by Jaguar steve on Thursday 22 July 06:06
Note in the adverts example Convertible XK8, just spent £5900 for sale £5000 !There are bargains to be had out there but you need to know what you are looking for. Supply and demand , at least they are still worth more than XJs.
Want a true bargain get an R, perhaps why 8s are so cheap ? Still holding at least that £2k preimium
P700DEE said:
Note in the adverts example Convertible XK8, just spent £5900 for sale £5000 !There are bargains to be had out there but you need to know what you are looking for.
Supply and demand , at least they are still worth more than XJs.
Want a true bargain get an R, perhaps why 8s are so cheap ? Still holding at least that £2k preimium
My thoughts, most people will go for an R and as you say XK's are still well above XJ prices
I agree that there are a lot of XK8s out there for minimal cash. However, as previously pointed out, many of them are tatty high milers. I went out to buy either an 8 or an R a couple of months ago. I did find lots of examples that fell within my £8,000 budget, but I was amazed at how many were in such a poor state. Originally, I had my heart set on an R, but every car I saw didn't match up to the condition of my immaculate XJS that I was parting with. I wanted a low mileage minter and for that money I just couldn't find one. So in the end, I bought 1998 XK8. Perfect condition, BRG, Piano black wood, cream leather 46,000 on the clock, one owner, full dealer history and serviced in accordance with its age rather than mileage.
Yes I still want an R, but for now, I'm very happy with the 8.
Cheers,
Chris
Yes I still want an R, but for now, I'm very happy with the 8.
Cheers,
Chris
Nice car mate! Top colour combo. I wouldn't hesitate buying one of these early ones at handy money, it's just a case of doing your homework and being patient. Even places like usedjags.com are selling good ones for under 6k. When i was buying my X300, i spoke to a guy who was selling an XK8 on a P plate 104k on the clock and a full service history for 4495, it was spotless, he was a club member and he was vary happy to have the car fully inspected. When i asked why i was so cheap, he showed me his new purchase, a stunning S type R!! He said the dealer only offered him 3k for the XK8 as it was "getting on", so he did the deal without the PX and got 600 off the S type. If i didn't need a 4 door, i would have had it in a heart beat.
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