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Jaguar winning the trophy for highest depreciation!

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Old 11-12-2017, 06:05 PM
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Default Jaguar winning the trophy for highest depreciation!

No surprise to me...even going into the Jaguar ownership scenario, I was fully aware how our cars depreciate at a rapid rate. I purchased my 2010 XK with 4500 miles around 3-4 years ago when it had already lost 50% of the original MSRP. Although not cheap, I was happy with a low mileage flawless example of my beloved XK Coupe. Now after a little more than 3 years of ownership I am aware that my purchase is most likely worth another 50% less than my first purchase if presented as a trade in. Of course retail will bring a few thou more or less. The Jaguar has always been notorious for the highest depreciation of almost any other car. But at this rate... unless leasing which almost 95% or more of new owners go... it's crazy to purchase any new Jaguar!!! I just wonder when ownership of any model finally settles to the lowest point? $20,000? or less? Crazy! 80% or more depreciation in such a short period of time? Why does the brand Jaguar suffer such Horrid depreciation?? I understand most of us don't buy these wonderful cars for investments.. but the depreciation is almost a reason to turn to another brand... Somewhat discouraging although I still love my 2010 XK with 9,500 miles. Not planning on trading it in for a YARIS! lol
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Old 11-12-2017, 06:38 PM
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As bad as this depreciation is (and it is bad) the last reports I've seen say Cadillac and Mercedes is a bit worse.
Not to worry thou because this historic high depreciation has allowed me to own a series if slightly used classics I could otherwise not afford. I think a lot of us here on this Forum are in the same category.
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Old 11-12-2017, 07:15 PM
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That's why I took out a 178 month loan on my car; eventually, it will depreciate so much, the bank will start paying me.
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Old 11-12-2017, 08:00 PM
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That's why I took out a 178 month loan on my car; eventually, it will depreciate so much, the bank will start paying me.



LOL
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Old 11-12-2017, 08:42 PM
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Where is the bottom? for an XK in running order, probably about $5K inflation adjusted. In good condition perhaps $7K-$8K.

A tip top condition XKR will be perhaps double that or more.

For me, I have realized that I am much happier with my car now that it has lost almost half of what I paid for it. It gives an easier mind that if something happens to it replacement is much easier.
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Old 11-12-2017, 08:48 PM
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If you think you'll take a big financial hit when you buy a Jaguar, be glad you're not leasing it (except if you're in a high tax bracket and can deduct it as a business expense). Leasing always costs more because your lease payment includes amounts to cover that depreciation plus profit for the selling dealer and finance company.

Depreciation is a two-edged sword; although it's costly to the first owner, it benefits the second owner. Both my XKR and XJ were corporate lease turn-ins after 18 months and cost me less than half of the original MSRP. Sure, they're worth less today than what I paid for them but so what? At this stage of the game, I put under 6K miles/year on each one, enjoy them immensely, and have decided that they're both keepers (unless I find something else that I can't live without).

You lose money only when you sell below your cost.
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Old 11-12-2017, 09:20 PM
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Could be worse try owing a S class depreciation is astronomical
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Old 11-12-2017, 10:00 PM
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That's why most "first owners" of super luxury cars are corporate lessees. Just another perk for the CEO and other executives that's a deductible business expense. Thanks for making my Jags affordable!
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Old 11-12-2017, 11:20 PM
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Where is the bottom? for an XK in running order, probably about $5K inflation adjusted. In good condition perhaps $7K-$8K.
I've thought about this quite a bit, and if the X100s are any indication, the 4.2L X150 XKs should be around 5k in a few years. I'm starting to see clean high mile examples in the 10k region... won't be long now.
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Old 11-13-2017, 11:07 AM
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Try buying a Maserati next time if you think Jags are bad and see how long it takes to actually sell one. Don't sweat the depreciation, if you do, you need to buy something other than a car with your money
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Old 11-13-2017, 11:38 AM
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I dunno, man. I just did a search for 2010-2012 XKR and there is ONE on autotrader-dot-com.... I know it's the asking price and not the SOLD price, but it is still pretty high.
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Old 11-13-2017, 12:49 PM
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That seems a little high, just bought my 09 for 24k. Though its not an R.
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Old 11-13-2017, 01:19 PM
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Fairly large difference in an 09 and a '10, then add the /R and it's a bit higher. But, $24k seems like an ok price, and that $41k /R does seem a bit high.
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Old 11-13-2017, 01:25 PM
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It hit bottom long time ago.
You wont find a 3 year old car, in the R, while it is still in production, for 50k like we once could.

While the prices are lower, the car is older and not just by age.
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Old 11-13-2017, 01:28 PM
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that $41k /R does seem a bit high.
they have a NON-R by me at the lot for $40k (2013) and very high milage
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Old 11-13-2017, 02:19 PM
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XKR's will drop to the teens for something that works. I'd look XK8 R version pricing for where you'll end up.

2004 XKR on KBB with 90K miles in excellent condition is 10K. Bottom price on a nice Jag is usually 5-10K as it has been for long time.
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Old 11-13-2017, 02:28 PM
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There are several 4.2L XKRs on Cargurus for mid to high teens. That's a hell of a deal for a car that looks like that and with 420 hp...
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Old 11-13-2017, 02:58 PM
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Quote:
Originally Posted by Cee Jay View Post
I dunno, man. I just did a search for 2010-2012 XKR and there is ONE on autotrader-dot-com.... I know it's the asking price and not the SOLD price, but it is still pretty high.
I freaked a bit when I tried looking on auto trader at the lack of cars.

It runs out there is a separate drop down for XK(Series). Once you choose that, then choose trim level R. Suddenly they appear.

https://www.autotrader.com/cars-for-...searchRadius=0

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Old 11-13-2017, 03:04 PM
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Fairly large difference in an 09 and a '10, then add the /R and it's a bit higher. But, $24k seems like an ok price, and that $41k /R does seem a bit high.
I really find myself torn between the 4.2L and 5.0L based on styling differences.

A 4.2L needs a LSD installed to be able to get into competition with the 5.0L. That alone will creats a price gap of a few thousand dollars to anyone that knows.

Then there is the better gearbox design, I have my guess that a change in that department may not be very friendly to the wallet.
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Old 11-13-2017, 03:19 PM
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I'd look XK8 R version pricing for where you'll end up.
Despite being a Jaguar lover, to me the XK8 was undesirably and confusingly antiquated and obsolete, with its flat wooden dash, simple unremarkable seats and then there was the rear bumper which bisected the visual flow at cross-purposes. All while being unreliable and nothing spectacular about the power. It screamed underfunded has-been British manufacturing.

Also the youth had not discovered Jaguar- it was still decidedly a single-malt crowd car. The Ftype is being discovered by the masses as its prices become earthly and then they discover the most coveted engine in the Ftype already exists in our car.

500hp always has a following, once word spreads its reliable.
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