I have a black 2008 XKR with 11 thousand miles.. should I keep it or sale it ? Would it become a classic ? How much would you sell it for ?

 

If you are looking for an investment return, buy tesla stock.

 

You didn't give us enough information to determine the value of your XKR. When did you buy it, what state is it currently garaged in, has it ever been in an accident or have any paint or body work, do you have all the service records, when was it last driven, when was the oil and filter changed, how old is the battery, what condition is the interior in, is the leather cracked, torn, or does the dash have any bubbles, is the headliner sagging, does everything work - the list of questions goes on and on. Rubber parts dry out over time and need to be replaced. TPMS batteries usually don't last over 10 years and need to be replaced. If your tires are original, they're unsafe.

If you really want to know what it's worth, take it to CarMax or a Jaguar dealer and see what they'll give you for it.

Will it become a collector's item? Not in my lifetime, but you're a lot younger than me. If you don't enjoy owning it, then sell it and move on.

Just my

 

Evidently if it has only 11,000 miles, it isn't worth anything other than as a very heavy decoration. You're supposed to DRIVE these things.

 

[QUOTE=Lovemyxkr;2379974]I have a black 2008 XKR with 11 thousand miles.. should I keep it or sale it ? Would it become a classic ? How much would you sell it for ?

 

You can't tell a book by its cover. What does 11,000 miles mean? That it was driven only on Sundays? ... ... ...

A quarter-mile at a time!

 

Everything works
yeahhhhh only used mostly on Sunday’s lol
no accidents
battery now needs change
pristine condition .. maintenance the first few years and even as I stoped driving it , not as much
I am not looking to make money on it .. like how the car looks that is why I bought it even though I don’t drive it much.. however wife wants me to get rid of it .. just wondering if it anyone thought it would become a classic car .., that’s all !!

 

What is it with wives and wanting to get rid of stuff? You work hard to accumulate the things you want, and they just want to get rid of it!
“Sure, that toaster isn’t working, but I might get around to fixing it someday, or use it for spare parts.”

 

 

Will be interesting to see what happens in the coming years as more people ditch their petrol/diesel cars for electric (in the UK the sale of NEW petrol/diesel vehicles will be outlawed as from 2030). I predict that 'ordinary' cars will gradually disappear but cars such as XK's and other classic/exotic vehicles will take on a 'classic'status quite quickly and, I believe, prices of the best ones will increase (as long as petrol is still available). You cannot beat the sound of a burbling V8 engine - electric cars are great but they don't have that audible presence. I have a low mileage 2010 XKR which does get used (admittedly not as much as I'd like) and I have no intention of selling any time soon. So, what should the original poster do ? Keep it, but use it (I don't think it will go down in value).

 

As probably the last of the Jaguar GT cars, with its beautiful, timeless shape, I suspect it will assume Classic status one day and its value will rise accordingly. After all, this happened to the XJS and it is far from attractive and not very well built. If my XKR becomes a Classic in my lifetime (doubtful) that would be a bonus, but I didn't buy it as an investment - I bought it because I fell in love with the design and the engine and I knew I would enjoy every mile I drive in it. Not everything in life has to be an 'investment'. Sometimes, we just need to enjoy.

 

A friend of mine got an XKR for his wife. It was the best trade he ever made!

 

. I have experience with this... and I concur.

 

I say keep it and seriously evaluate whether to sell over the next year, if in a year, YOU want to get rid of it, move it on.

i think they might become a classic at one point but you can just invest the proceeds, it’s likely you will be able to afford the car and have extra left if you rebuy later.

 

Every car ever made has some collectible desirability. Its ALL about nostalgia, either you wanted one when you were a kid or maybe your parents had one and you remember riding in the back of the wagon on a family vacation, that sort of thing. Values begin to appreciate at some point when people of a certain age become nostalgic (often referred to as a mid-life crisis) and enough of the stock is depleted. Even mundane 4-door sedans and grandma's station wagon eventually are worth much more than they cost brand new. It just takes a few decades longer for more common grocery getters than for niche sports cars. But even a sports car is really a poor investment. To go up in value, it must be kept in a sealed garage to protect it from the elements and critters. It must be driven sparingly to minimize the wear and tear, but driven regularly nonetheless. The fluids still have to be changed and things like hoses and belts and tires replaced as they age. I.e. you can't just store it away and forget about it for 25 years.

That garage you're keeping it in is the biggest expense and you're probably not even thinking about it because its attached to your house and you'd have a garage anyway, right. I built a metal building to store my classic cars so I think about it every month when I get the utility bills for it and every year when I pay the taxes and insurance on it. But even in your attached garage, its probably displacing your daily driver which is sitting outside in the elements, deteriorating much faster than it would if you parked it inside. So that garage space your future classic car is occupying is really costing you a lot of money whether you see a separate bill for it or not. Next, you've got to drive it at least a little so you've got to pay insurance on it. You can get special insurance for collector cars that is very affordable, but still a cost. And maintenance of course. Now lets say you pay all that for 25 years, the value has gone up considerably and now you want to sell it. Its not a $7 trade. There's significant cost to liquidity, either transporting it to a classic car auction and paying the fees or the online auction fees or you spend your own time and effort entertaining prospective buyers and negotiating. Ten to twenty percent of the value goes to all the other people involved in helping you market it.

So if you are going to keep it, do so because you enjoy it and not purely because you can sell it for more money later. Think of that upside as only a benefit that separates the classic car hobby from other hobbies like golf or fishing. After you've spent your money at the golf course, all you have is the memory but after driving your Jaguar each weekend, you have the memory and your classic Jaguar has maybe gone up enough to pay for the gas.

 

What he said... the cost of long term storage will wipe out any average gains. There are exceptions but not in my garage. Not sure what the electric craze will do to values but I spect if they rise it may be only short term as infrastructure disappears.

 

IMO the only XK150's that will appreciate are:

1) The very early ones in good condition
2) Special editions such as the RS or GT
3) The last of the line so registered in 2014 or later

So I don't think a 2008 will meet the muster based on the above, will anyone buy it and pay over the odds because it has ludicrously low mileage, nope probably not

 

I am sorry that I wasn't very nice on my reply. It is worth what someone is willing to pay for it. Even if you keep it a couple of years. I would not expect it to go up in value that much. I know that you think your car is worth more than the retail price. And that may be true but only if you find someone that wants a 2008 XKR with 11,000 miles on it and can't live without it. Then you may get a little bit more than retail. If you are not driving it, sell it now. Being 13 years old, the rubber on the wear and tear parts will crack and have to be replaced The longer you keep it the value will depreciate unless you keep it for say 20-25 years. But the cost to maintain it will eat up your profit. Since I just purchased a new to me 13 Jag, I pondered the same thing. I would see Jags for sale that are early models with low mileage for the same price as I paid for my 13. I looked at it this way, I pay premium dollar for a low mileage early model but I have to pay premium dollar to fix the wear and tear items to bring it up to driving standards. Bottom line is that if mama is not happy then no one is happy.

 

These cars need love and some driving. Take it out on a few more Sundays. If you're not in love then sell it and perhaps get something else that you will love.

Then start making some suggestions around the house and in your wife's closet for her to get rid of some stuff.

 

The XKR will become a classic eventually and you might even be lucky and get your money back for what you pay for it. Unless the XKRS-GT goes up in price exponentially dragging up the normal XKR prices with it.

I brought a few motorcycles in the GFC. The rarest MC was a Honda NR750 V4 oval piston. 12 years later I sold it for a nice profit, but it took 12 years and not putting KM's on the limited build MC. It was like having a supermodel girlfriend and not having sex with her and allowing the next person to pop the cherry.

Most of MC and cars I brought it to be enjoyed and not as investments. The Honda and a few other limited editions MC were an exceptions because they were historically rare and unique.