Every December Hagerty puts out their Bull Market List for the top 10 appreciators for the next year. Guess who made the 2024 Bull Market List:
https://www.autoblog.com/2023/12/12/...rowler-anyone/

 

I was going to share this too. Definitely not getting rid of mine. My girlfriend actually sent it to me and said, get it re-sprayed ASAP and let's never sell it.

 

Duplicate

 

I saw that as well as I’m on their email list.

However, the car guys over at
https://jalopnik.com/

https://jalopnik.com/hagertys-list-o...ere-1851089779

are panning the Hagerty pick . What are they smoking ?

…and I used to like those guys.

Z

 

Well this is good to know. I'll hold on to my Cali (3rd owner) 2001 XKR w/90k in perfect condition...however, if someone wants to make an offer I'm open

 

We have been saying for years these cars are undervalued, I don't expect that to change naytime soon but I wouldn't be unhappy if the value of my car doubles or trippled to where it should really be.

 

Sounds like a keeper--the Jaguar too 😆

 

I understand why it made the list, and why they are undervalued. They are reaching the age where they need some serious maintenance (coolant and hydraulic hose replacement, engine service, bushings, etc.), which is extremely expensive expensive. With guys like you and me, we are doing these things ourselves, returning these cars to desirable once these issues are resolved. Prices will continue to climb. I got my 1-owner 2003 BRG XKR for a steal, and I'm doing a lot of these jobs now. I seriously believe that my car would easily sell for twice what I paid for it. It's tough to find one of these cars for sale in Florida.

 

She definitely is... the girlfriend too. 🤣

 

As the buyer of one of the BAT cars mentioned, I think I overpaid by $2-$4k but in my case the car was local so I was saving on shipping and was buying from a British collector who has 2-XJ220’s in his collection as well as countless Aston Martins etc., so I felt relatively confessional the car had been cared for. I’ve been watching FRB XKR-S’ for years and think they did bottom a while back and are certainly selling for more right now then in 2018-2019, personally I love the car and have enjoyed owning it so far, and I didn’t want to let it get away over a few thousand $.

 

For us with only 😇 an XK8 we can say-a rising tide light all boats.

 

Sadly, two years later the X100 Bull Market prediction has proven to be, shall we say, pre-mature. Based on recent auction results, that market seems to be still searching for its bottom. X100s are going for elderly Miata prices. The X150s are doing significantly better. But then many other collectibles are in similar straits. ‘Tis a good time to hold onto your X100.

 

My Hagerty value dropped a little this year.
It was up to $17,000 for GOOD condition half a year ago but dropped to $15,000 as of the last evaluation.
My three XK convertibles are still insured for WAY more than I paid for them!

 

Unless I owned a 10,000 mile garage queen that I bought for peanuts and flipped on BAT for $16,000 I'd never look at XK8's as a potential investment. It is fun though to watch their pricing on BAT.

I've owned various Jaguars for over 35 years. Never made $.I0 on any of them but loved each one.

They are incredibly cheap to buy and while most of the major work needs to be farmed out at my expense due to time constraints and the fact that my mechanical chops ended with mid 60's Chevys, you cant get too many more smiles per miles at such a low cost. I take my Volvo to the dealer now....something I would never had consider 25 years ago.

I've bought and owned with disposable income as they were typically not daily drivers, save for a 96 XJ6 VDP.

Ya can't beat the value here, I'm sure this isn't an earth shattering revelation.

If you were to buy an $70,000 car today, (window MSRP on my 01), with 20% down you monthly would be about $1,140 per month...$13,000 annually. And then you'd have another four years of the pleasure of payments.

Pretty damn sure my car has another four years of life in it, soooo......assuming it blows up after my fifth year and there is no residual value....that's $2,000 per year, inclusive of PP and subsequent costs to wake it up after a ten year nap. Pretty low car payment vs. a Camry.

Cars are like guitars to me....not investments....just something to enjoy. Every mark on the pickguard and every 1,000 miles on the odometer lessen the resale price.

 

Be glad y'all don't have Jaguar sedans. I should have traded in my 2012 XF last year when I bought a new Mustang and just taken the hit but dealers all thought Jaguars were worthless (seeing as the company is all but out of business). I keep seeing low-mileage XFs like mine sell on BaT for literally half or less what same year/mileage Honda Accord EX are priced at local dealerships. I should have traded the XJ8 too back when I bought the XF but it was worth so little that I couldn't bear the thought of seeing it show up parked outside in the weather in front of a local Section 8 apartment wearing 22" dubs from Rent-a-Tire. I still have four of my former daily drivers on top of the cars I bought after they were already classic. Wish I'd taken up collecting guitars because my whole collection could fit in a bedroom closet instead of buying lifts to stack cars and now even renting warehouse space. I bought them because I liked them and when they depreciated to so little, I guess I just still liked them better than anyone else did and I still enjoy driving them once in a while. But when you consider all the costs to maintain, insure and store a classic car, NO, its absolutely not an investment. Even if you just have only one classic car in your suburban two-car garage and that means that your daily driver is deteriorating out in the weather, you're still spending money faster than the classic car is appreciating. Just don't fall into the trap of keeping a car only because you're waiting for it to go up in value. Barring a hit movie come out featuring your car as the star car, it's going to be a LOOOONNNG wait no matter what kind of car it is.

 

Buy a house with a larger garage or buy one of those 4 post lifts to stack your cars. With just one of those your garage now houses 3 cars and none of them deteriorate.



Also, keep the car because you love it, not because it’s an investment. You’re not the owner of a LaFerrari or Carrera GT.

 

I DO have X308 sedans. (six of them)
There are only two insured and on the road. The rest are for PARTS.
Parts are going to get scarce so I am stocking up NOW!!!!!!!!!!!!

I only have one X100 conv for parts at the moment (1997 conv) but I keep my eyes open.

 

Outgrew the 2-car garage almost immediately. Built a 4-car shop building in the back yard in 2002. Been stacking cars with a lift since 2008, but if I needed to actually use a lift to work on anything, then whatever was parked under it had to go outside while I worked. That was getting rather inconvenient, especially when having to move a clean car outside in the rain. So off and on, I've bummed storage from friends and family or rented warehouse space to accommodate restoration projects. I hate to leave cars outside in the weather. They have to be at least out of the sun and protected from hail so in keeping with the cheapness of the Jaguar sedans, I built a second carport in the back yard last summer (pickup truck was already under carport #1 as its kinda too big to squeeze into the garage anyway). The XF has been living under the carport with a cover on it since my new Mustang daily driver arrived and took over its space in the attached garage.

My father built a barndominium out in a rural area when he retired. I looked into moving out to a rural area several years ago, but the long commute each way would have been counterproductive to my classic car hobby so I figured I'd have to wait till I retired which is still a few years off. But I'll eventually build my own barndominium. And I know lots of others are in the same boat so I am toying with the idea of building bigger than I need and renting the extra space for others to store their collector cars. If the numbers work (insurance, etc.), I'm hoping that will help keep my hobby funded for as long as I am able to continue wrenching.

 

[QUOTE=pdupler;2886528] Wish I'd taken up collecting guitars because my whole collection could fit in a bedroom closet instead of buying lifts to stack cars and now even renting warehouse space./QUOTE]

I've been restricted to a small room in the basement by SWMBO for my collection.

Kinda wishing I just collected vintage wristwatches, but there are three cases of them on my dresser as well.....and I get "the look".

 

Unlike everyone else, I am in the very fortunate position of not having lost or gained any money on my XKR. Of course that all might change if I decided to sell it, but until then I haven't lost or gained anything on the purchase price, it cost me just as much today as the day I bought it.