Are Jaguar "E" types overpriced?
Discussion
Firstly, I'd like to say I love "E" types, especially the convertible ones but:-
In 1969 a new Jaguar XJ6 4.2 was around £2200...
An "E" type with the same engine (but triple SU's) was (give or take) the same price.
Even the last V12 models in '75 were never more than 5k.
Now a decent '69 XJ6 might fetch £7-8k, but an "E" type convertible would be in excess of £50k probably.....sometimes well over £100k
I suppose any car is worth what someone is prepared to pay for it...…..
In 1969 a new Jaguar XJ6 4.2 was around £2200...
An "E" type with the same engine (but triple SU's) was (give or take) the same price.
Even the last V12 models in '75 were never more than 5k.
Now a decent '69 XJ6 might fetch £7-8k, but an "E" type convertible would be in excess of £50k probably.....sometimes well over £100k
I suppose any car is worth what someone is prepared to pay for it...…..
I would venture that the price of a classic car is commensurate with the cost of restoring it.
E-types are very expensive to restore and the value reflects this, if it were possible to buy a ratty example for buttons and restore it for a few tens of thousands then the price would be lower.
E-types are very expensive to restore and the value reflects this, if it were possible to buy a ratty example for buttons and restore it for a few tens of thousands then the price would be lower.
have we accounted for changes in the value of money?
depending upon the metric used, an E-Type may have appreciated only a bit, or not at all, over the last 50 years
see commodity here:
https://www.measuringworth.com/calculators/ukcompa...
depending upon the metric used, an E-Type may have appreciated only a bit, or not at all, over the last 50 years
see commodity here:
https://www.measuringworth.com/calculators/ukcompa...
kev b said:
I would venture that the price of a classic car is commensurate with the cost of restoring it.
E-types are very expensive to restore and the value reflects this, if it were possible to buy a ratty example for buttons and restore it for a few tens of thousands then the price would be lower.
I've followed several restoration threads over the years, and some of the costs have been eye watering...….They are a lovely car though.E-types are very expensive to restore and the value reflects this, if it were possible to buy a ratty example for buttons and restore it for a few tens of thousands then the price would be lower.
Personally, I like the V12's but purists don't really rate them.
The "value" of classic cars has nothing at all to do with their initial purchase prices, I guess these days they are partly priced by how desirable people find them now and sadly partly valued by where speculators think the price is going. The reasons why we own a classic car have nothing to do with the reason most people own a new car. Back in the day more people wanted an XJ6 than a E-Type as most people need a day in day out car that is reasonably practical and they want it to be comfortable etc... For a classic none of that makes any difference, often the more impracticable the better.
Since you bring up the value of 60s Jaguar saloons which do you think is the most value now? Compare that with the price back in the 60s.
So I'd hazard a guess at values now going Mk2 (most valuable), S-Type then in no particular order Mk10/420G, the 420 and the XJ, but the Mk2 is way out in front.
In the sixties the Mk2 was the cheapest Jaguar, then the S-Type, the 420 and top of the tree the Mk10/420G. The XJ was then the replacement for all of them and as such as a new car more desirable than all the rest.
Classic cars are basically toys. Sports cars are also basically toys. So classic sports cars are always going to be more desirable than classic saloons. When cars are new then some people will need a certain degree of practicality even from their toys. Also tin tops are likely to be stiffer for a given weight and so are likely to handle and go better, so for those who want "go" hardtop sports cars are desirable when new. For classics there is little demand for practicality or ultimate performance(a modern will out perform a classic) so open top classic sports cars are the most desirable and therefore demand the highest prices.
Since you bring up the value of 60s Jaguar saloons which do you think is the most value now? Compare that with the price back in the 60s.
So I'd hazard a guess at values now going Mk2 (most valuable), S-Type then in no particular order Mk10/420G, the 420 and the XJ, but the Mk2 is way out in front.
In the sixties the Mk2 was the cheapest Jaguar, then the S-Type, the 420 and top of the tree the Mk10/420G. The XJ was then the replacement for all of them and as such as a new car more desirable than all the rest.
Classic cars are basically toys. Sports cars are also basically toys. So classic sports cars are always going to be more desirable than classic saloons. When cars are new then some people will need a certain degree of practicality even from their toys. Also tin tops are likely to be stiffer for a given weight and so are likely to handle and go better, so for those who want "go" hardtop sports cars are desirable when new. For classics there is little demand for practicality or ultimate performance(a modern will out perform a classic) so open top classic sports cars are the most desirable and therefore demand the highest prices.
How is the e-type that Harry and Megan used for the wedding worth 350k?
It has had the internals ripped out and replaced with an electric motor, I hope the base model was not a 3.8 and was in fact a v12.
If its going to go up in value someone will make a mint taking bodies that dont have motors and sympathetically changing them to be electric.
I personally would go and butcher an S-Type for its motor if I had an e-type with no engine, but thats just me.
It has had the internals ripped out and replaced with an electric motor, I hope the base model was not a 3.8 and was in fact a v12.
If its going to go up in value someone will make a mint taking bodies that dont have motors and sympathetically changing them to be electric.
I personally would go and butcher an S-Type for its motor if I had an e-type with no engine, but thats just me.
Wacky Racer said:
Firstly, I'd like to say I love "E" types, especially the convertible ones but:-
In 1969 a new Jaguar XJ6 4.2 was around £2200...
An "E" type with the same engine (but triple SU's) was (give or take) the same price.
Even the last V12 models in '75 were never more than 5k.
Now a decent '69 XJ6 might fetch £7-8k, but an "E" type convertible would be in excess of £50k probably.....sometimes well over £100k
I suppose any car is worth what someone is prepared to pay for it...…..
As cars I don't think they are worth it. Not just compared with what a decent XJ6 would cost but also an XJS or early XKR. But of course they are bought with an eye on resale value, like the wartime sardines.In 1969 a new Jaguar XJ6 4.2 was around £2200...
An "E" type with the same engine (but triple SU's) was (give or take) the same price.
Even the last V12 models in '75 were never more than 5k.
Now a decent '69 XJ6 might fetch £7-8k, but an "E" type convertible would be in excess of £50k probably.....sometimes well over £100k
I suppose any car is worth what someone is prepared to pay for it...…..
coppice said:
As accuracy is important when talking about old cars can we call the Jaguar by its proper name ? Which isn't 'e type',nor 'e' Type , nor even 'E Type ' but 'E-Type ' . Or so the Times guide to writing style says.
I'll get my anorak ...
Presumably your anorak doesn't have a leaper or growler on it. Jaguar's style guide says it's E-type.I'll get my anorak ...
Du1point8 said:
How is the e-type that Harry and Megan used for the wedding worth 350k?
It has had the internals ripped out and replaced with an electric motor, I hope the base model was not a 3.8 and was in fact a v12.
It looks nothing like a v12 E-type. What it does look like is a perfectly normal s1.5, so a 4.2. Jaguar have boasted long and hard about how the conversion is all reversible bolt-on.It has had the internals ripped out and replaced with an electric motor, I hope the base model was not a 3.8 and was in fact a v12.
Du1point8 said:
How is the e-type that Harry and Megan used for the wedding worth 350k?
Some info on the car can be found onhttp://www.dailymail.co.uk/tvshowbiz/article-57552...
Du1point8 said:
I personally would go and butcher an S-Type for its motor if I had an e-type with no engine, but thats just me.
Why butcher an S-Type, it's not the cheapest source of an XK engine. The engines aren't exactly in short supply. If someone were paying that sort of price to muck around with an E then surely a C&G lightweight engine would be more interesting. Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff