Hello fellas,

For some reason or another, I have a hard time understanding why I did this to myself, I took my car to carmax in Fremont, CA.

$75.5k is what they offered. Msrp was nearly $112.5k, delivered November 2015. It's got 12750 miles on it. I don't know what I expected them to offer. I guess from the stuff I hear around here I thought they'd offer me two peanuts and a pickle.

Thoughts? It was more than I expected, but still seems low for the cat. I feel like she's too pretty to end up at an auction.

 

Thats not bad. Auction value for a car with around the same mileage as yours is around 70,900-72,600

 

I forgot to mention that it's a convertible. Early summer, in California, should push the value up a few k.
How did you get those numbers?

 

Actually that sounds pretty decent given the big discounts that were achievable off MSRP and the fact the biggest hit is when you drive it out the door of the showroom. I would be pretty happy with that.

 

People are listing theirs in the mid $80's here for that mileage. Seems about right for a used car dealer.

 

Where are you at?

 

I ran it through the kbb instant offer, and it gave me 75k. Apparently they honor it at select locations.
Seems like 75-76 is the expected dealer buyout value.
I don't think there's much of an option to sell it otherwise. How does one sell a car like this to a private buyer? After all, I don't know if I would buy from a private party, even knowing how silly the concept of a cpo is on a car under warranty.

 

St. Louis area.

 

Fascinating. Really, it is. I thought best resale would be here in Cali.

 

Consignment sale. If you have a good relationship with your dealer (or buying a new Jaguar at the same time), they agree to act as a proxy to sell your car to a private person.

 

Supply and demand. Seems like most are in CA, FL, or TX.

 

I re-ran the figures. Originally was for the coupe. Convertible prices are much better than the coupes! $78,000-$82,000 is for a comparable car. Unfortunately being a California car hurts the value at auction probably because supply out weighs the demand.

 

And it's gone
Turned it in to carmax today. I spoke to a few dealerships, and the best offer I got was 75 from jag San Jose.

 

Seems like you where just getting it broken in�� Were you trying to pare down expenses or looking at another Jag? I recently sold another model jaguar (XE R SPORT) and they're not joking when they say as soon as you drive a new car off the lot it looses value��.
CRS

 

A bit of both I suppose. I'm looking to boost my savings in the short term, and hoping that on a few months I'll be able to find and afford a good deal on an svr.

And I feel you man. We have cars that are so nice, but it just becomes a number on a lot.

 

CRS 123,
Depreciation is why even if I can afford a new car, I probably wouldn't buy another again. Yesterday, I took delivery of a 2016 Lincoln Black Label MKX SUV to replace our pile of crap Buick Enclave. The Lincoln is flawless, has about 5,000 miles on it, every option available, and as a CPO, has a better warranty than a new one (100K vs. 60K). It includes all service, free car washes for life (which I won't use), and an annual detail and wax for the next four years. It stickered for over $67K, and I bought it for about $45K, a loss in value of almost 1/3 in less than a year for a perfect car. Unless you're in rarified sports car territory like special models of Ferrari, Ford GT, etc., big hits in depreciation are the rule rather than the exception. But, it offers some wonderful opportunities....

 

I was just explaining this approach to a friend yesterday. Get a slightly used car, with extended warranty, and you'll get a nicer car than if you'd have bought a new one. I don't practice what I preach of course. I'm only interested in leasing shiny new cars

 

I hear you on that. Sounds like a good strategy, lay low for awhile $$ wise, and then pounce on the SVR when the deal looks right.
CRS

 

Congrats on the Lincoln, and I agree with you, I'm hoping the rule of depreciation will help me out in the future when I look for another ride.
CRS

 

I hear you on the shiny new leased car. I'm a third degree blackbelt at deluding myself with rationalizing my way into things I want :-) With me, even instant gratification takes too long! Anyway, sometimes reality is over rated...that being said, I'm going on a canyon drive today in my fantasy car :-)
CRS