Should I buy my cousin's 1969 Jaguar XKE?

Discussion in 'Shiny Things' started by DeadlyBananaDog, Feb 6, 2011.

  1. DeadlyBananaDog

    DeadlyBananaDog Fiat pastillus.

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    My cousin has offered to sell me her father's 1969 Jaguar XKE convertible for $10000. It's (almost) a runner, has been repainted and has many new parts, including exhaust, wiring harness and wire wheels. I'll have to transport it across the country, finish the interior, complete the dashboard, rebuild the carbs and replace the top. It sounds like a bargain to me. Am I out of my freaking mind to even consider it?
    #1
  2. GSJon

    GSJon Long timer

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    Buy it now. Do not wait.

    $10k for it, $20k to fix it up & $3k to get it home. If you choose to sell it, maybe $80 or $90k. Generalities of course in price.
    #2
  3. Motornoggin

    Motornoggin Two-Bit Throttle Bum

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    Investment value aside, the XKE is an absolute work of art! Buy it to stare at it!
    #3
  4. BillsR100

    BillsR100 Happy Paleoflatus

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    #4
  5. Tweaker

    Tweaker ...

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    I'm still kicking myself from when you could buy them all day long for $5k. 30 years ago.
    #5
  6. dirtypumpkin

    dirtypumpkin "Monster Truck Bike"

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    Do it, a project that is fun to drive and will go up in value should be worth it.:freaky
    #6
  7. Hittman

    Hittman Been here awhile

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    I agree with everyone else. BUY IT! :D
    #7
  8. Gimpinator

    Gimpinator This is my Mom's cat

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    +1. Buy it. NOW!
    #8
  9. neanderthal

    neanderthal globeriding wannabe

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    No brainer.
    #9
  10. BeeCeeGS

    BeeCeeGS WeaponOfMassDestruction

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    Buy it and start a thread immediately. It's getting rare to find something so desirable that's actually affordable--passing this up is a guaranteed recipe for regret down the road.
    #10
  11. Donkey Hotey

    Donkey Hotey De Jo Momma

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    < klay >
    < /klay >
    #11
  12. Flood

    Flood F5lood.

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    Yeah.

    And hell yeah.

    No way around it.
    #12
  13. seriousracer

    seriousracer be a man dodge tree bark

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    i am not f***ng stupid,but i used too. niles mi.
    your a LITTLE bit optimistic here bud. series two cars are not worth as much as series one's.. car would have to have a great pedigree with near prefect coach work.. most(not all) hobbiest won't get this type of money.

    3k is high for shipping.

    how much time will you have to dedicate to it? will it effect your riding time?
    this car will take five hours a month every month to keep it up.

    you ever seen behind the dash of one? wiring the dash will take patience and time.
    i will take pics of the one dash i have to do next week.

    have you seen the paint work? was it done 10 months ago or ten years ago?
    how long has the car been setting? I always say $2000 for every year it has been setting..

    you better think this thru ... art in motion when they are done but can be a pile to maintain.
    #13
  14. nofate

    nofate what blackflies?

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    I love the look of the E-type too. Their weakness is rusting floor and body panels and poor wiring. For $10K I'd buy it even if those were known issues.
    #14
  15. AzB

    AzB Fattest thin man

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    My dad bought one new back in the 60s. He raced professionally ( not in the jag ) and was a decent shade tree mechanic. He spent a lot of time fooling with carbs and wiring.

    You should either be flush with cash or be willing and able to do most of the work yourself. And have lots of spare time.

    And keep in mind that it is a 50year old design. It was great back then, but a Honda Odyssey will outcorner, outbrake, and come darn close to out accelerating it now.


    Az
    #15
  16. straightrod

    straightrod Long timer

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    :roflSnorked by a Honda Odyssey. I have to admit - the lines on an XKE are not of this world.
    #16
  17. Jamie Z

    Jamie Z Long timer

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    Make a hearse out of it.

    Jamie
    #17
  18. El Hombre

    El Hombre Banned

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    I bought a '65 Coupe, $3600, in '83. Just had $4K in work done at the Monterey Jag dealer, which the PO didn't pay for. Turns out there's a law in Cali that a repair dealer has to call the Lienholder (BANK) for any repairs over $500, which they didn't do. So the PO got a letter from BofA, that they never were contacted about the $4K bill.

    He goes with a friend, to the Jag dealer, said the friend wanted to test drive it before buying it. Dealer let them go. When they didn't come back in 1/2 hour, he called the cops.

    Cops stop them outside Salinas, PO shows the letter to the cop, he calls in, walks back to the Jag and hands them the letter and says goodbye.

    Dealer ate the $4K.
    #18
  19. corsair4360

    corsair4360 Been here awhile

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    Neat cars, pricey to maintain, and pricey to fix if the previous owner has not kept up on it. The rubber bits in the suspension are all high maintenance although I am quite sure there is an aftermarket for pieces since the street rodders like the Jag independent rear ends.

    Not a car for the faint of pocket or faint of heart.

    All of the parts, etc are specialty stuff....

    Like owning a Laverda, MV, etc.

    And best of all, the wiring and electrical bits are from "the prince of darkness" aka Lucas.

    As the owner of a 1968 Barracuda, they are labors of love. If you cannot do the work (lots of it) yourself it will not pay off as an investment - my experience and I don't care, love driving it.
    #19
  20. DeadlyBananaDog

    DeadlyBananaDog Fiat pastillus.

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    Called my cousin earlier today and told her I'd take it. The car's been in my family since it was new. I'm a competent hand and am not particulary afraid of Lucas, having kept two old Triumphs and an Austin on the road. I'm not buying it to make a profit, but to tinker with and enjoy on sunny weekends. Looks like shipping (enclosed carrier) is going to be about $1650. I'll have to finish the 67 VW Bug I'm working on sooner than I planned.
    #20