Whats it worth?
#1
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Whats it worth?
I am not a jag person by any means but I picked up an 1974 XJ6L that had been parked for a while with 42k on the clock. Well I was intending to get it running and drive the car around. It has really nice paint, decent interior and new tires. The only thing is it has a salvage title. Does this kill the value of classic jags, even if the car has all of the original steel? I did get the engine running but it needs things like fuel pumps and the carbs gone through.
Thanks,
Josh
Thanks,
Josh
#2
hi,
from $500. to $1,200. I think, depending on condition, and by your description it needs a lot of work, so deduct the cost of parts and labor from the above figures and the math will tell you what it is worth. Consider thst you can buy a 1987 for under $1,000.00 in this economic crisis.
Look at the bright side: the L (L for long-extended version) is great for use as a Wedding car, so you can start your own business. Paint it white with a totally white interior, wide whitewalls with chromed wire wheels, wear a white tuxedo when hired. Install a Chrysler V10 and a 5 speed automatic. Fabulous machine!
Otherwise there is no demand for an almost 21 feet long XJ. The "normal" XJ is about 19 feet bumper to bumper.
I would not worry much about the salvage Title, but eventually you want to convert it to a
regular Title. (consult with an expert on titles).
Jose
from $500. to $1,200. I think, depending on condition, and by your description it needs a lot of work, so deduct the cost of parts and labor from the above figures and the math will tell you what it is worth. Consider thst you can buy a 1987 for under $1,000.00 in this economic crisis.
Look at the bright side: the L (L for long-extended version) is great for use as a Wedding car, so you can start your own business. Paint it white with a totally white interior, wide whitewalls with chromed wire wheels, wear a white tuxedo when hired. Install a Chrysler V10 and a 5 speed automatic. Fabulous machine!
Otherwise there is no demand for an almost 21 feet long XJ. The "normal" XJ is about 19 feet bumper to bumper.
I would not worry much about the salvage Title, but eventually you want to convert it to a
regular Title. (consult with an expert on titles).
Jose
#3
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#4
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Jambbii, yes there is a possibility it can be converted, but NOT in Florida. If you know someone you really trust in another state(family member,etc..) you can sign it over to. Check their laws for converting salvage titles(I know Kentucky, Ohio & New Mexico do it). Most require a safety inspection, body shop estimates, etc. But obviously the car needs to be there.
So you can register the car in that state once it passes inspection & they will issue you a clean title. But mind you, it can NEVER be registered in Florida again as clean.
So you cannot register in say like Georgia get issued a title & then turn around & register it agian in Florida.
So you can register the car in that state once it passes inspection & they will issue you a clean title. But mind you, it can NEVER be registered in Florida again as clean.
So you cannot register in say like Georgia get issued a title & then turn around & register it agian in Florida.
#6
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I am not a jag person by any means but I picked up an 1974 XJ6L that had been parked for a while with 42k on the clock. Well I was intending to get it running and drive the car around. It has really nice paint, decent interior and new tires. The only thing is it has a salvage title. Does this kill the value of classic jags, even if the car has all of the original steel? I did get the engine running but it needs things like fuel pumps and the carbs gone through.
Thanks,
Josh
Thanks,
Josh
As Jose says, the car isn't all that valuable to begin with. I wouldn't worry about the salvage title. If you like the car (looks like a nice one!) then use it and enjoy it.
Cheers
DD
#7
You cannot just register a salvage titled car in Florida. Which means no insurance. So as for him enjoying it...he will have to jump through some hoops. On the title(salvage certificate) the there would be a note that says either the car CAN be rebuilt, needs to destroyed, or PARTS.
Unless the laws have changed since I left in 2006. He would need to have the car inspected, fixed, inspected & THEN if it passed they can issue a REBUILT salvaged title. Only then can he register & insure it.
Once teh title is straightened out, just about the only company I know of in Florida that would insure it for anything would be Progressive.
In short, You CANNOT register a SALVAGE title car in florida. You can if lucky have it changed to REBUILT salvage.
If it was a C.O.D.(Certificate of Distruction) title then in NO WAY could it ever, ever be registed for use on Florida roads.
I know I am new to the forum here. But I lived in Florida & have dealt with this issue. Also dealt with it in many states, as building, restoring & selling cars was my "business".
Ofcourse, as always his best bet is to contact them directly, if he is unsure of what he needs to do..
http://www.flhsmv.gov/
Unless the laws have changed since I left in 2006. He would need to have the car inspected, fixed, inspected & THEN if it passed they can issue a REBUILT salvaged title. Only then can he register & insure it.
Once teh title is straightened out, just about the only company I know of in Florida that would insure it for anything would be Progressive.
In short, You CANNOT register a SALVAGE title car in florida. You can if lucky have it changed to REBUILT salvage.
If it was a C.O.D.(Certificate of Distruction) title then in NO WAY could it ever, ever be registed for use on Florida roads.
I know I am new to the forum here. But I lived in Florida & have dealt with this issue. Also dealt with it in many states, as building, restoring & selling cars was my "business".
Ofcourse, as always his best bet is to contact them directly, if he is unsure of what he needs to do..
http://www.flhsmv.gov/
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#9
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I am in Az. The only reason the car has a salvage title was because the original owner had a heart attack and ran it through a ****** wire fence. He eventually died but the insurance company didn't want to ship it back to Tx where he was from. I think the only non original parts on the car are the grill and some various trim pieces. Where is a good place to get fuel pumps for this car. I can't find anyone close to me.
Thanks,
Josh
Thanks,
Josh
#10
#11
With all the cheap Jags on the net these days trying to sell one for a profit is a difficult proposition. Just saw a mint 2001 XJ with 65k miles for $2000 yesterday! If you do want to fool with titles, check out http://www.broadwaytitle.com/.
#12
#13
No doubt that car looks drop dead gorgeous. I would have no reservations abotu buying a salvaged/rebuilt car. But we know how that can go. I was on a lot down in Miami that was a high end salvage dealer. Beautiful Jags, Lambo's, MB's & ferrari's just lined up ALL with salvage titles, because they were flooded from storms. State to state DMV's can be a real PITA when it comes to these types of cars. Ih've seen theft recoveries that only needed a nav unit or wheels & tires, but were branded with a COD. On teh flip side I have seen mustangs hit by Semi's that had THOUSANDS dumped into them to rebuild them & they now have clean titles..Depends on teh location of teh DMV(small town or big town) & the inspector.
Just letting him know worse car senario.
But like you say Jose. That car is a beaut & I do not think he will have trouble. be he should be prepared.
Check out this BMW..BEAUTIFUL 530xi AWD..
http://www.casmiami.com/inventory/displaycar_8091.html
Just letting him know worse car senario.
But like you say Jose. That car is a beaut & I do not think he will have trouble. be he should be prepared.
Check out this BMW..BEAUTIFUL 530xi AWD..
http://www.casmiami.com/inventory/displaycar_8091.html
#14
yeahh, wonderful Station Wagen. REBUILT it says. flooded. I wonder where this flood was. However, for a REBUILT flooded car, I think the price is way too high, but then, everything else is way too high in Miami.
I would instead go fishing for the Jaguar X type Station Wagon, a rare model, on the road or under water, not many were made.
I would instead go fishing for the Jaguar X type Station Wagon, a rare model, on the road or under water, not many were made.
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