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its with heavy heart that I need to sell my two jaguars, 1 XK8, and 1 XKR. I've had them for a number of years here in south florida. The cars are in very good shape, and of course could have bits and pieces improved for cars these age.
You can check pictures on the listings.
As I have no idea of value, I have listed them in auction with a $1 starting price. They do have a low reserve.
You're going to lose a lot of money if you list them at auction at a $1 reserve.
Why not check the price of XK8s and XKRs of similar age and mileage on autotempest.com within your area and look up the values on the Kelly blue book or the black book and start from there?
I just checked autotempest with a Coral Gables, Florida zip-code for a Statewide Florida search on XKRs and I found that the prices are between $12,000 for a 70k mile 2005 silver convertible and $14,500 for a phoenix red 57,000 mile coupe. Price your 2003 or 2004 XKR somewhere around that.
For the 4.0 XK8 between 1997 and 2001, I'm seeing prices in your state starting at $8500 for an 88k mile convertible that's very similar to yours all the way up to $18,977 for a seafoam green convertible that only has 13,000 miles.
Use that as a reference point to pricing your cars.
Good luck with your auctions.
We were going to sell our 2002 XKR 100. BaT said that they would not list it at the reserve we wanted. They would only list at $10KR. So we tried CaB. The bids only got to $10,100 so we are going to continue enjoying it for many years to come. There was a 2006 Victory edition that went for bigger money, but it was so clean underneath that you could eat off the suspension parts.
Jaguars have always depreciated quickly, but I think their corporate shenanigans of late have hurt values even more. A couple of years ago I was on a trip in my 2012 XF and had to stop at a Jaguar dealer for help 900 miles from home. That dealer is closed down now, along with the two that were closest to my home. The associated Land Rover dealer is still doing warranty work, but referring older Jaguars to independent shops. A local indie is smothered by the backlog and booking appointments months out. Luckily I can do the majority of my own repairs at home, but I don't want to carry a mess of tools and spare parts when I travel so I bought a new S650 Mustang figuring that there was a Ford dealer in just about every small town across America. But I didn't trade in my XF because I figured I still liked it better than what little money they (or anyone right now) would give for it. I think the collapse of the dealership network is a bigger deal for Jaguars like my XF since most buyers would be intending to still drive them on a trip like that and worry about repair facilities just like I did. Not sure how many dealers have closed but its a lot. Maybe their pastel-colored commercial did some psychological damage too, but i believe uncertainty about the future of service and parts for the brand as a whole has depressed values for most modern Jaguars. Apparently even E-types are down as well, tho I think that may be more a factor of their collector demographic aging out. I'm keeping my eye out for an XKR (x100 vintage) hardtop coupe in one of a few specific colors I like while values are depressed and may go ahead and sell the XF to make room indoors if/after I find one. But I hope your auctions do well, just kinda unfortunate timing. I'd definitely rather buy one from a fellow enthusiast rather than taking a risk from a dealer/flipper online.
It's not just Jags that have had a heavy depreciation hit - Bentley, Rolls, Maybach, Mercedes to some extent have all been hit pretty hard. Even Barret Jackson selling results are in the 10% to 20% of new for cars that are just about perfect. My theory is that these cars were status symbols for people in their 50's and older, built to impress other people in their 50's or older. The problem with status symbols is they are only a symbol until the next model comes out. Then they are traded in, sold off or stored away somewhere. These cars are complex to troubleshoot, expensive to maintain, and any blemish or overt signs of use hammers the price even more. They are now in the zone where they are cheap to buy, but expensive to keep going. People can afford to buy them, but not repair then, so we aren't at the bottom yet. I can't imagine what it would cost to restore these cars.
I remember in the 1990s you could buy a Rolls Royce Silver Shadow in good running condition for about $5000.
The problem was it would cost over $2000 a year to keep it running if you depended on a repair shop.
Many customers found that out and whined every time they brought it in.
I stuck with Jaguars and it was only parts I had to worry about.
Selling my XK8 & XKR
