So in conclusion, a Jaguar is not an investment, but a car for keeps. They're not appliances. Owners of these cars create a bond with them that cannot be expressed monetarily. I like to think that the depreciation that hits Jags is recouped in emotional value.

 

I know $20,000 was high that's just the prices I was seeing on ebay on some dealer cars and the car would have to be perfect and a good title to get that and if I were to sell it in good shape I would be lucky to get $10,000 $12,000 but I know its worth that price in parts so I need to get at least $8500 to recoup some costs I have the price I bought it for the jag dealer bill plus the parts I bought. Ill have to change it on ebay to a parts car. I appreciate all the opinions.

 

Good luck to you. Hope by parting it out you can get most of your investment back.

 

Definitly agree that's pry why I held on to it so long. Just imagine the guy who bought a nice XKR for $90,000 and sells it 15 years latter for $14,000 talk about a lousy investment. I still have a X-type which is a sad excuse for a jag but hey it was cheap and its better than driving the sister car a Ford Contour.

 

Hey, if I were you, and weren't in a cash strapped position. I'd finish the project. Nothing would bring a bigger smile to my face than working on such a car for long months and finally, have it out there on the road, eating up the miles and being able to say, yeah, I did this.

 

The sad truth is that the problem is that very often, people buy "project cars" and end up putting more money (not to mention their time) into them to get them fixed up than it would have cost them to buy one that they could just hop in and drive away.

If you have room to store it an part it out, that will be your best bet at getting the most money out of it. IMHO.

 

The investment disclaimer from the Fidelity financial website: Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

For my cars, the gains have been few and far between monetarily, but had me lots of fun with some of them!

 

Yeah it's always interesting to see the listings for the new used XK's. They always seem to be right at 60,000 miles. Not sure what the current Jag warranty is but it sure seems like it only goes up to 60k miles. It seems the rich guys who buy or lease these new bail once they are up to that point.

I couldn't imagine spending the 75-80k$ on a car and then see it depreciate so much over 10 years especially since these are mostly 2nd or 3rd toy cars in mostly mint condition at that point. Porsches and other lux cars hold so much more value. The electronics are the major gremlin on these cars. You can have a car with no problems but because some cheap wiring is loose it has a fake check engine warning, blowing your resale value. I'm thinking of the ABS/TRAC fault mostly here though.

 

Here is the fault with your thinking on this project.

In the collector/classic/competition car market what you invest in a car has almost zero relation to the cars actual market value.

I put the value of your car at somewhere between $2500 usd and $3250 usd.

Can you part it out piece by piece and make more?

Sure but that takes a great deal of time and effort.