1997 xk8 coupe with 145k miles?
#1
1997 xk8 coupe with 145k miles?
I am looking to buy my first XK8, have owned a 97 Vanden Plas that came from an estate where thousands had benn spent on it. Drove it for along time with nothing going wrong, I got spoiled. I have found a 97 XK8 Dk. Green coupe with 145K miles, that mileage scares me, after getting a very good education on this forum I believe I know what to look for. The owner has spend $8000 in the last year and I have verified the work thru the shop, which has worked on Jags for over 20 years, it has has the heads done, a valve job, top and bottom tensioners, guides done, idler pullys, the water pump, thermostate and housing upgrades, the main computer rebuilt, also has had the transmission rebuilt last year, cooling system, hoses ect done, all new coil packs and plugs. brakes, paint and body are a 8 out of a 10. Brand new Michlins, the own er has had the wheels powder coated which I dont care for but they do look great, car looks like an Aston Martin. also the a/c system done, compressor ect. We are at the $6500. cash price now. It is 150 miles over to the other coast in Florida. Any thoughts on a 145,000 mile xk8 with all of this work done on it for that price, WOULD BE GREATLY APPRECIATED. I have looked at at least a dozen Jags but they all fall short in some respect. thanks Dave in Tampa (Dercent)
#2
Hmmm...that's a tough one. A quick search on cars.com shows several coupes with far fewer miles for a lower or comparable price. Some may have had a bit of updating and upgrades, but probably not to the level of the car you're considering.
It's a bit strange that the current owner would have spent $ 8000 in the last year, and then turn around and decide to sell for less than the work he's just done.
If it were me, I would really need to feel solid about the upgrades being done, when they were done, by who and at what level of quality. If everything checked out, and the car turns you on, then maybe.
Just as a point of reference, I bought my 97 coupe this past June, 109,000 miles, for $ 6,100 after taxes, registration, etc. It was a trade-in at a local Land Rover dealer, and they really wanted to get rid of it. It does have a paint issue in the rear that I will have to address.
It's a bit strange that the current owner would have spent $ 8000 in the last year, and then turn around and decide to sell for less than the work he's just done.
If it were me, I would really need to feel solid about the upgrades being done, when they were done, by who and at what level of quality. If everything checked out, and the car turns you on, then maybe.
Just as a point of reference, I bought my 97 coupe this past June, 109,000 miles, for $ 6,100 after taxes, registration, etc. It was a trade-in at a local Land Rover dealer, and they really wanted to get rid of it. It does have a paint issue in the rear that I will have to address.
#3
145k jag
The owner has all the bills and receipts,,I just talked to the owner/mechanic long distance, he confirms they/he did all the work, also did the wheel bearings. The shop has been in Daytona for 27 years and does have a good rep. for work and restorations on exotic cars. The price asking and getting rid of it could be a money issue. from the 30 photos , it looks very sharpe. I am going to think hard about that 145K miles.
#4
You know, miles are definitely something to consider, but truth is I plan on owning my coupe for a LONG time.
The market puts importance on miles because of 1) wear and tear on mechanical parts, and 2) resale value. Well, mechanicals can be reconditioned or replaced with new parts. Unless the body shell or frame become damaged or simply turn to dust, this car can live forever.
And since I plan on owning the car to my death, resale value means little to me. It's a car that I love and I want to take the best possible care of it, regardless of the resale value equation. My joy is found in the ownership, the driving, and the time spent improving it...not in the resale.
Go drive it this weekend and see if it stirs your blood.
The market puts importance on miles because of 1) wear and tear on mechanical parts, and 2) resale value. Well, mechanicals can be reconditioned or replaced with new parts. Unless the body shell or frame become damaged or simply turn to dust, this car can live forever.
And since I plan on owning the car to my death, resale value means little to me. It's a car that I love and I want to take the best possible care of it, regardless of the resale value equation. My joy is found in the ownership, the driving, and the time spent improving it...not in the resale.
Go drive it this weekend and see if it stirs your blood.
#6
145k jag
This car would be just a play car probably would not drive it a 100 miles per week, have 2 other vehicles, a new Sebring convt. and an older caddy. The money is not so much an issue, but hate to follow good money with a LOT more bucks. Gonna take a ride and see what it is like. If he would come down some I would gamble and take it and could always sell off the parts, new Michlins and wheels are worth a few hundred.
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#9
The "amost guaranteed" stuff yet to be done would be all the front suspension bushings (including the upper shock mounts), shocks if they haven't been replaced, maybe brake rotors and calipers if only the pads have been changed, inside rear view mirror, stereo speakers (esp the rear), maybe some door seals.
If all that can be held to around $1000-1500, and you really like the car, it's not too bad a deal IF you plan on driving it for enough years to get past the depreciation. But even after 5 more years the car should still be worth $5-6000 if you take care of it.
If all that can be held to around $1000-1500, and you really like the car, it's not too bad a deal IF you plan on driving it for enough years to get past the depreciation. But even after 5 more years the car should still be worth $5-6000 if you take care of it.
#10
I will give you another view. Im a long time Jaguar owner and have 4 right now but the one thing you have to remember is you can't turn the miles back. If you truely believe you will drive the car about 100 miles a week, thats still 5200 a year and actually keeps the car in the better than average range for a standard 97 car. Im basing this on real wholesale dealer mile averages not the trumped up, 15K a year average that some services will tell you.
So, given the work done and the miles and what you plan on driving I say go for it. The only thing I have issue with is the price. Living in Arizona we have quite a few Jags for sale here and a 97 coupe with 150K can be bought for less than 6500. Thats more, retail car lot money, HERE. I would also make the trip... make sure its as clean as he says and yes, get on the ground and look under it to make sure nothing is rotting away.
The bottom line is go with your gut... if you see it and your heart skips a beat then ya know. If you look at it and think........your just not sure, then pass, another one will come along.
So, given the work done and the miles and what you plan on driving I say go for it. The only thing I have issue with is the price. Living in Arizona we have quite a few Jags for sale here and a 97 coupe with 150K can be bought for less than 6500. Thats more, retail car lot money, HERE. I would also make the trip... make sure its as clean as he says and yes, get on the ground and look under it to make sure nothing is rotting away.
The bottom line is go with your gut... if you see it and your heart skips a beat then ya know. If you look at it and think........your just not sure, then pass, another one will come along.
#11
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#13
Join Date: Oct 2011
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I think that the only consideration is whether to go for an XK8 or an XKR. I'm really happy with the grunt of the XKR - I wonder if in the future you might regret not going for the extra power. Look also at the specs carefully; the adaptive cruise control is great to have! Dave, XKR convertible with LPG upgrade and smaller top supercharger pulley.
#14
145k jag
Well took a ride, spent 2 hrs. crawling under/over and ect. Had some paint work don e on hood and trunk no vin # on 1 door nor hood???????..Drove almost good but fair seemed to lack in pow er, liked it but did not fall in love, my gut said pass, I did, Had over $6000 in hundred dollar bills, tryed $5700, no, 58, no 59 no 6000, no then I said adios. the 145K and years were just too much, I will be in Vegas and Arizona in a month and will see what is out there. Thanks for all the great thoughts and input, I feel I was right.
#16
Well took a ride, spent 2 hrs. crawling under/over and ect. Had some paint work don e on hood and trunk no vin # on 1 door nor hood???????..Drove almost good but fair seemed to lack in pow er, liked it but did not fall in love, my gut said pass, I did, Had over $6000 in hundred dollar bills, tryed $5700, no, 58, no 59 no 6000, no then I said adios. the 145K and years were just too much, I will be in Vegas and Arizona in a month and will see what is out there. Thanks for all the great thoughts and input, I feel I was right.
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#19
145k XK8 1997 Coupe
Good Move. Still a lot of potential front end and looming transmission work, and without a total rebuild you have potentially diminishing power from the Nikasil linings. If the guy who loved it enough to put that much into it says "4th and 20" you probably should wait for something with more meat on the bone.
#20