Not sure if this forum is the right place for this but I assume that everyone on this site loves Jaguars! I have a GORGEOUS black on black (with tinted windows) 2010 XK with ~48k miles. The car is a CPO with one year left on the warranty. I bought it in 2012 (with 44k miles) and am thinking about buying a 2015 F Type R Coupe. Everything on the car is perfect, without a scratch and has new tires but is a third car for me, so it never goes out of the garage unless it is sunny weather!

I love the XK but have got bitten by the F Type bug big time!

I don't know whether to try to sell it via Craig's List, or thru Carmax, Texas Direct, or other direct method. Does anyone have any thoughts or advice?

 

RobsnTX,

My recommendations:

First thing to get a quote from CarMax. That way you'll know what your car is worth wholesale in your local market.

Armed with that knowledge, visit your Jaguar dealer and try to work a deal to trade your 2012 XK on an F-Type. Your car is worth more to a Jaguar dealer since the CPO runs with the car and is a selling point for the dealer. The advantages of a trade-in include minimizing the hassles in finding a buyer and reducing the sales tax on the purchase of the new car, because only the net amount is taxable in Texas. See: FAQ: Motor Vehicle Taxes

You'll get a much better deal in terms of length of warranty and purchase price if you can find a low mileage CPO F-Type with the colors/options you want because the first year depreciation is huge. Let the other guy eat that cost.

Keep us posted, and good luck hunting!

Stuart

 

Use eBay Motors for excellent exposure to the car. Use the disclaimer that the car is available locally for sale and the ad can be closed/end at any time. Be through in the ad, and have good high quality photos of the car.

Use Autotrader.com also.

Put your car on the Jaguar Facebook pages. There are a few on there like:

https://www.facebook.com/groups/137130099778806/

If the car is in top shape...exterior, interior and mechanical, and most importantly priced right, the car should sell without any problems. Be sure to complete your due diligence to determine a "private party sale" price. If you get a few thousand over what the dealer will give on a trade, I would take the deal. A "private party sale" when priced right is the best way to proceed.

 

After getting a wholesale quote, get a price on the F-type tell them you have no trade in. Do not drive there in the XK. Once you have a price on the F-type, spring your trade on them.

 

Mosesbotbol is 100% Correct!. Do not take your XK to the Jaguar Dealership or even hint that you have a trade. Once you are certain that you are getting the "Best" possible deal on the F Type and ONLY THEN should you introduce your interest in trading in your car. Of course get the Car Max value for your car to know where your starting point is. Yes, the tax will help offset what your retail price could be, but selling a 2010 XK privately is a tough task and time consuming. As the clock ticks so does the value of your car go down. Also, mention to the Jag dealer that you are not paying for any "Fluff" which is another name for "processing fee, administrative fee, etc" which of course is pure profit. Don't pay a dime of it. Good luck and let us know how you do.


One last thing......48K is considered high mileage for 2010 XK so don't expect to get top dollar. Many people looking for these cars want low mileage and there are enough out there with mileage in the 20,000+ range.

 

Texas is one of the few states that puts a "cap" on dealer document fees which is $150.00........Florida is the worse with NO cap or rules.

 

Only consider selling your car private party if it's being shipped overseas or it's still under manufacturer warranty. Having to stand behind a car while someone you don't know could be doing whatever is too risky for a couple grand difference IMO. On top as that as Bocatrip said, the hassle... When it's time to move, I just want it done; not languishing.

On top of that, you'll find that many dealers (if the car is used) would rather give you a higher trade in value than discount their car. I know it's robbing Peter for Paul, but maybe there's some kick back money the dealership is getting? If there's an auto finance guy here, maybe they can explain why this is the case.

 

Well, I finally got the Jag traded in at the local dealer. I went to CarMax and they gave me a written quote (basically at the low end of NADA) which I took to the Jag dealer, who offered $1,500 less and told me that I would "make it up in the state tax savings on a trade-in". I suggested to them that they should meet the third-party offer, since this was obviously FMV.
After some discussion they finally agreed to reduce the car price (not the trade-in value) by $1,000 and credit one of the aftermarket parts by $500.

 

Good for you, the deal is done, you saved a few bucks on taxes (6.25% in Texas) and you have the new car.

Enjoy the new ride. I am sure the 48,000+ miles didn't help with the trade in price. Don't be pissed off when you go to the dealer and see your old XK priced many thousands more than what they gave you for the trade. They will make money on the trade and a nice amount.

Enjoy the new ride. Post a few pics here so we can all see the F-Type.

 

What did they offer you on the trade if you don't me asking?

Normally, everyone thinks their car is worth more than it is (me included).

 

I was very frustrated with the difference in trade-in values which the online auto appraisal firms (like KBB, Auto Trader, NADA, etc.) placed on my car. It was valued for trade-in (in good to excellent condition) at a range between $30k to $36k, depending on the on-line firm. I was hoping to get at least $32-33k, but the Jag dealer initially offered $26. At that meeting I told them that I might want to sell it privately.

Even though my expectations were maybe set a little high by the website appraisals, after I went to the local car dealers for a direct quote I realized that the market was a little less than the website values. I went back the following week and showed the Jag dealer an appraisal of $28.5k from Texas Direct Auto (and I also had a CarMax offer of $28k, which I didn't show them). They raised their offer to $27k and told me that they had no authority to go higher because the quote was coming from the corporate office of the parent company (Sonic Automotive). They told me that the state sales tax saving (6.25%) on trading my vehicle would offset the difference in the $28.5k offer I received from the other company. I responded that I had purchased two other vehicles from them during the past 4 years and was about to purchase another, and suggested that they rethink their position on the trade (out of principle more so than money) or I might rethink my relationship with them and Jaguar. They came back with some changes to the new vehicle price and options and I agreed. THEREFORE, the final value I obtained with the sales tax incentive factored in was ~ $30k. (Which I applied to a new F Type R which is scheduled to arrive mid-Feb)

 

As Donald Trump wrote, "it's the art of the deal".

Sounds like your a Donald Trump student of wisdom.

Good job working the deal, whether you like Sir Donald or not.

Every deal, every trade is different. But you can be assured that the dealership who took the car and sold you the new one, will make money. That's why I hate dealing with car dealers.

They are like "blood sucking" lawyers.

Post a few of the new F-type photos here once you get it.

 

Mate, I'm a lawyer (though I leave the blood sucking to family lawyers and personal injury lawyers), and I cant keep up with car dealers! The contrived "concern" that they express over the trade, the faux pleading with their managers for a better deal (in reality a discussion over football/cricket/aftershave), the false friendship...all reasons why these days I only ever deal over the phone and by email, agree on prices and terms sight unseen subject to the car being straight when inspected. That way I don't fall in love with the car and do something silly, or go postal when the salesman starts his routine...

 

Coming from many years exposure to the new car marketplace and their inner-workings it is true that dealerships make more on used car dealings than they do on the new cars they sell (avg @ 10% only). Contrary to NADA, Edmunds, and KBB you'd be hard-pressed to find a dealership that will pay you "fair trade in price", and the vast majority that think they got this just got hosed on the other end of the deal (either via "adjustments made to the price of the new car via contrived destination charges, dealer set-up, a myriad of made of schemes) or they got taken hard by F&I (finance and insurance) where they are paying interest rates significantly above what they could have had they gone to a credit union or negotiated with their bank. Dealerships don't lose money anymore that Vegas casinos do, they'll tell you whatever is in their best interest to close that deal. In most cases they'll shoot "stupid number" out first as they'd hate to miss out on a true sucker that would accept it, but it also starts the bidding at the lowest number possible for your car (just watch Pawn Stars as that's a standard process in most negotiations). At most you'll get @ 10% below the trade in value and that's only if you happen to trade it in to a dealership that sells your brand - if you trade in a Ford at a Jag dealer, or BMW at Mercedes they might put it on the floor for a few weeks then they will sell it at auction. Dealerships are only going to sell if they can make things work on BOTH ends of the deal - your trade in AND the sale of the new car, don't ever believe the crap that "we're losing money on this deal".

I heard it said fairly often - "Ignorance has it's costs" which also dove-tails into "knowledge is power". Going in blind and hoping they will be nice is a recipe to financial disaster unless you have that cash to burn.

Nice job, enjoy your F-type!

 

You have to be able to walk away from a car deal. Don't get emotionally connected to the new car.

My friend owns a used car lot and he bought the lot from another that was formerly a new car dealer. The new car dealer would "lose keys" on your trade in to keep you at the dealership. My friend had to do gutter work and there were multiple sets of keys on the roof that "were lost".

 

My prior Jaguar was the XKR and I absolutely loved it, unfortunate that they stopped making it .. however when the F coupe came out, I traded it in, just before the warranty ran out which the dealer was able to extend and immediately sold it as they had a buyer that wanted my particular colour scheme. They gave me a good trade value as a result, somewhere in the 40 thou. range as I recall.

The FtypeR was what I bought and it is fabulous... besides being stunning to look at, it handles extremely well. The XKR is more practical from the point of view of storage in the back and boot and it could be classed as a GT car, but the F is more of a sports car. It sounds really good as well, more so than the XKR, although I don't personally care for the 'snap and pop' from the exhaust, the rest is awesome.
Both are pure passion to drive.. you'll love the F.
Lawrence.