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Would a 1998 Jaguar XK8 be a good investment?

Would a 1998 Jaguar XK8 be a good investment? Where I work there is one stored in an open-ended barn. The (retired) owner does not appear to use it. I've had a look around and it all seems original and excellent condition, but I don't know the mileage. Does it have investment potential? I would need somewhere to store it and I have an excellent local garage who would maintain it.

Asked on 30 September 2019 by Chris Stovold

Answered by Keith Moody
Have you driven an XK8? Do you like them? What are you planning to do with the car? If you want to invest in a classic then you might need to look at different sectors of the market - premium sports cars like Ferraris and Porsches are often a good start. Not to say that's there's anything wrong with an XK8 - we're big fans. And we think they make an excellent modern classic that you can use for high days and holidays and enjoy. There's great club support but if this is your first step into classic ownership then we'd recommend doing your homework first. If you're settled on an XK8 have a drive of a few and get a feel for what's available. If you're not confident when it comes to inspecting a car there's a couple of options.

One of the Jaguar clubs may have a local rep who'd be happy to assist, or you can see if you can get the car to a local garage to give it the once over. Once you've done that, you'll have a much better idea of how much it's worth and what it needs doing. The big question to answer here is why it's not getting used. It may look good, but there could be a nasty mechanical fault lurking.
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