Has anyone noticed for 2017 Kbb list the Premium as the Base mode, and "coupe" above that? Also why is there barely any options? My 2017 premium is well equipped with a sticker price of $91,745.00. But now at 2 years old I'm valued as a base model, and the 40k comfort l,performance, and appearance packages means nothing? Im the same value as the $56,000Base model for 2017?

 

KBB is useless for valuing these cars. It's primarily a tool for dealers to low-ball trade-ins. Prices are purely market-driven. Buyers will still pay a premium for a clean, well-optioned, low-mileage example. Sell it privately and price yours accordingly when the time comes.

 

KBB values are based on auction data. Our cars depreciate a lot and options means almost nothing when reselling.

 

I feel like the values drop because of things like this. I think we all buy this car and others because we like,want, however that dosen't mean it doesnt hold a monetary value. I see Corvette, Camaro, mustang, challengers, even trucks have every 250.00 and up engine, trim, and option accounted for and available to increase your book value.But the Ftype which can have 40k in options and add ons doesn't even have them they have abs, tilt column and traction control as options, not a sport suspension or speed sensing steering, not a $3200.00 carbon fiber roof, black package, lol. Just seems like ignorance or lack of caring to me. 2017 had 22 trims that cost 22 different prices but kbb somehow feels 6 in the wrong order is close enough. Banks cant loan appropriately against something that's generalized and devalued. And sellers have to lower there prices to move them devaluing
evereryones.

 

Sellers lower their prices because no one is buying them at the price they set. It has little to do with KBB. It's supply and demand. A car is worth what someone will pay for it, not what the owner thinks it's worth. If you think your car is worth 1 million dollars, if no one is going to pay that for your car, it's not worth 1 million dollars.

 

When talking about production vehicles you're completely wrong, the market is set from the factory and banks from the beginning and where it goes from there still depends greatly on a combination of banks to aid in supplying the demand. If a car came out tomorrow that made you 10 quarts younger the moment you set in the seat but cost 23 million per car how many people would want one and not be able to buy one. So demand is not the prime factor in resale value. Do you think theres a line of well to do people chomping at the bits for a Lamborghini or Ferrari and that's why thier values increase over time? If the Corvette ZR1 debuted at 141k and 1 year later is striped and valued along side a z51 or base. Do you think the demand would decrease? I think I would be buying one. Bank loan value determine the resale value. The same as th mortgage industry and everything else on the planet.

 

(Standard) Bank loans are different. They don't look at market value. They have a set depreciation model and that's it. That's why there are now lenders who specialize in loans for vehicles that don't fit that model. For example, no normal bank is going to give you a $90,000 auto loan to by a 1970's Pantera. However, the reason they cost that much is because people are buying them at that amount (or higher in that car's case depending on the model).

 

I agree 100% but that's not the case here. They aren't rare, I mean you can find one, and unfortunately for most of us who own one , buy it pretty cheap. There isn't a huge knowledge base or market for these cars, but I think there could be a demand if its was given the opportunity to flourish. I have and had 911s,Lamborghinis, Vipers, vettes the Ftype I think is undervalued and a bargain already. If the depreciation occurs rapidly due to miles, problems, lack of market, that's all understandable. However figuratively speaking if my 1 acre ocean front property's home value is cut in half because they appraise its value the same as the half acre lot and smaller home beside me, or maybe they make a careless mistake and place his homes price on my sales add I think it's worth bringing up especially when that's the sole purpose of the company. I have been buying selling, collecting cars my entire life but it's honestly the first time I have seen that large of a mistake or lack of effort. I dont expect them to list all 22 trims, packages,Options but I think a 91k car should be listed correctly and have some of the bigger options available to select, not labeled as the base and valued the same. They didn't do it with any other model even when they are only a few thousand dollars in price. I also understand there hasnt been alot of sales to determine thier values but at least get the information and msrp's right.

Ok my rant is over I'm done. Good chat gents and enjoy that beautiful beast.

 

Demand doesn't always revolve around rarity. When there is a demand and the demand is greater than the supply, then yes from an opportunistic perspective, prices can be influenced. It still comes back to what a person will pay (and/or how long the seller is willing to wait for 'their price'). With classic cars, those are generally cars that aren't used so a seller can wait until their price is met. However, the market (what people are actually spending) will still determine the value.

I've seen this in other car markets. For various reasons, certain cars are more desired than others. Unfortunately, the F-Type doesn't have a really good used market. The potential buyers are getting used Porsches and/or other cars instead. This leads to sellers lowering their prices to unload their F-Types. Carmax doesn't help in this area.

 

If Jag can't sell them new, why would anyone think they could sell them used. US sales are down to 2K and I expect worldwide sales are maybe 4K. This is simply a buyers market. Suck it up.

In California, KBB is bible. People take their prices as a given and move on. I can't speak to the rest of the world.

At the end of the day its a fun toy, no sense worrying about the economics. (Unless you paid MSRP for a SVR in which case you deserve what you get.)

 

that's the problem, if jag ordered some cars and had them made to order such as lambo, ferrari or porsche these cars would be valued way more than today and dealers wouldn't lose a lot of money on cars sitting outside in the rain. Also people giving their cars away for pennies is another problem that adds to this whole deal.

 

I'm not complaining, my car came with damn near all the options which I calculated added some $70,000 AU to the new price (taking it from $150,000 base "stripper" price to $220,000) but the seller was a brand new prestige used car retailer who had no idea about this seeing as it was their first ever Jag let alone F-Type.
As soon as I saw the advertised price and then checked the TOPIx build sheet I thought "wow, they have no idea what this car is really worth, they have undervalued it by at least $35,000". Needless to say I jumped all over it and the car was mine in less than 7 days!