Wondered if I could pick your brains. I was gifted this beautiful Series 3 XJ6 about 6 years ago by a dear client and friend. It's got a lovely story which I won't bore you with but regrettably it was/is suffering serious rot to the rear arches and other areas.
I've also got a Lotus Esprit and a few bikes so I never got around to doing anything with this car although it drives like new.
I finally decided to have it collected this morning and taken to a reputable restorers. I appreciate that the works could be extensive and these 1980's Jaguars are limited in desirability and value so even though it cost me nothing I'm fully expecting to spend a good few thousand on it.
The initial agreement is for them to fully assess it so that we can agree a basic budget and scope of work.
My question is, taking in to account the sentimental value, at what point (cost) would you consider it too much money regardless of sentimental value?
I'm just interested in opinion rather than advice really as the decision will be very personal.
Anyway, assuming I go ahead, I'll keep you posted.
And for those interested, my 1979 Esprit:
Depending on how much needs to be done, it's likely that economic good sense will be one of the first casualties? After all, this isn't a Series 1 EType that will sell for £250k!
Having said that, if you like the car and are prepared to invest in it for the long term it may well appreciate enough to be worth what you spent on it.
Maybe take a gradual approach? The car looks OK (as far as can be seen from photos) so is it a reasonable approach to start with getting it in good running order and an MOT. You can then spend some time with it and work out how you feel about going any deeper?
I know you weren't looking for advice but there you are!
1996 XJS Celebration Conv. (shown on the JEC stand at NEC Nov 2015)
2001 XKR Convertible
1989 XJ-S V12 Coupe. 2006 XJ TDVi Sovereign. 1995 XJ6 3.2. 2013 XF 2.2d. 2009 X Type 2.0d Sovereign estate
I had the intention of keeping my XJS for about a year, I spent so much on it by then I couldn't justify the loss of money in selling it so I kept it another year. That was 20 years ago and I'm still spending money on it.
I did once have a Series III V12 which really was beyond keeping alive, 250,000 miles, on it's 2nd engine and absolutely full of rot. That decision was somewhat easier and it was sold for spares.
'Remember that the value of your investment can plummet as well as fall'
Resto company spent some time going through the car and made me a comprehensive list up.
Pleased to say that after all these years in storage it still runs and drives beautifully.
Same can't be said for the bodywork. Broadly speaking, the figures he was talking are way above my pain threshold so it's going to have to go.
If anyone's on the lookout for a mechanically sound parts car with a lovely interior and relatively low miles (90k), then give me a shout.
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