Last post on Sep 05, 2013 at 9:10 AM
You are in the Jaguar XJ-Series
What is this discussion about?
Jaguar XJ-Series, Sedan
Jun 19, 2001 (11:32 pm)
That's the problem with used cars.
They keep depreciating. I got burned BADLY by the Firestone thing last year or so.
Right when the news hit I had just picked up 4 Expeditions at the sale... OUCH. Lost something like $9K just dumping them.
Ya know. This business never ceases to amaze me. I've been doing this since 1996, for 5 years. And ya know.. I'm usually the youngest guy at the auction, I know I'm the youngest guy in the country (Family members of owners excluded) who owns a piece of the Franchise that I have.
And it amazes me. I see these idiots. 10..15..20..30..years in this business who do flat--out RETARDED things. Like keep a car for 7 months.
What are these guys THINKING? Right now, Market, IMHO, on that car is $26-27K Max as a certified car. But the problem is... People who want XJ6s want to buy them for cheap. Why? because there's lots of XJ8s advertised out there for under $30K.
One thing thats' always stuck in my head as gospel is inventory turn. At my franchise stores we have a rule (Bill has a small part of each store but I am lord of all I survey in the used car dept). If we have a car in stock for 30 days and nobody is written up on it (enters negotations), to the auction/wholesaler/etc it goes. Gone. Done, bye bye! Get the heck off of my lot!
After 45 days I dont care. Unless I have a customer standing in front of me ready to buy it, it goes to the next scheduled auction. Until then it has a price painted on the windsheild that is exactly $500 over cost on it.
My guess is that they were holding out to whack someone for something like $33,995 on that car and got greedy. That or the car is a pig and they shouldn't have bought it to begin with. That or you find something like a Ford dealer with a big ego who has to have a 2 year old Jaguar on his lot. Fine if its' for a manager or dealer or dealer's wife to drive.. otherwise, poor management.
We recently took in a 99 SL500 on trade against a Yukon Denali XL at the Pontiac/GMC store.That thing went to a wholesaler I know faster than I could blink. Why? If you were looking for a $60K used Mercedes, would ya stop at the Pontiac dealer? neither would I.
And I wouldnt go down the street to the BMW Dealer and look for a nice Grand Am
I blame those two guys... they're the ones dumb enough to be buried in those cars. And now that the cars are retailing for less than they wholesaled for a few months back...
Not my problem But just because theyre burined inthe cars... that doesnt mean you ought to pay for their mistakes IMO.
#396 of 2806 Bill - dealership?
Jun 20, 2001 (5:16 am)
Do you actually own a dealership in the traditional sense (building, employees, sales staff, etc), or are you a private dealer who buys and sells cars?
You're extremely knowledgeable. I wish I had discovered this forum BEFORE I bought my car. But what a grand hobby you have! Not only do you get to drive great cars, you always have new ones to play with!
What a country!
#397 of 2806 Can the rearview mirror be replaced?
Jun 20, 2001 (6:01 am)
The new S-types have a rearview mirror with a compass display in the upper-left corner. I also see this kind of mirror advertised in Automobile Magazine.
Can I retrofit this kind of mirror onto my 97 VDP?
It's a novelty, but I do miss the compass display that my old Grand Cherokee used to have.
Jun 20, 2001 (8:24 am)
The real catch on that '97 was that it isn't even a certified "select" car.
Business principles apply no matter what industry you're in......can you imagine some of these folks in the computer business?!?!?! OUCH!
Jun 20, 2001 (8:50 am)
You didnt do badly on the VDP ya got, and sounds like you bought a creampuff.
BTW, Where did you buy it from?
As far as the mirror.. I have no idea for sure, but I'd imagine... heck.. I dunno.. ask the dealer
Yes, I own percentages of 2 Stores in the southeast. a VW and a Pontiac-GMC store.
It is fun, I love what I do!
Jun 20, 2001 (8:50 am)
Not even a Select? God I feel bad for them...I'd love to see those guys in the INVESTMENT Business! Ouch!
Jun 20, 2001 (9:16 am)
Thanks, I'll check with the dealer on the mirror question.
I live in Northern Virginia. I got the VDP at Rosenthal Jaguar in McLean. They typically have about 10-20 used Jags on the lot. They have another Jade '97 VDP advertized in last Sunday's paper. Didn't list the price though.
The only thing I question about mine is that when I had it detailed two weeks ago, the person doing the detailing pointed out some very small "pimples" in the paint on the left-rear panel. After reading your article on spotting paintwork, I think I also see evidence of masking tape on the fender under the trunk lid. I'm now wondering if the car had some work done before I bought it. The panels seem to line up ok and the VIN numbers are intact.
It came back clean on Carfax. The dealer won't tell me the extent of any service work it had prior to my purchase. It was previously sold and serviced by the same dealership. They just confirmed for me that it had the Select Warranty service inspection performed and the 30K mi service (twice!). Interesting that they would do the Select inspection procedure when they knew the car was beyond the service period (missed it by 4 months!). Does that mean they may have found, but not fixed items? Maybe I should go chat up my service manager some more..
Jun 20, 2001 (2:04 pm)
Without seeing the car its' tough to tell. Ona Jag if the VIN tags are there then generally it means it hasnt been torqued.
It might be touch-up...
I used to run cars through the SE process een if I couldnt certify them (Too old.. too many miles). Actually, when any Jag we got in on trade ran through the shop it was always written as a select check. Maybe it's just the way their system works..
#403 of 2806 High Mileage Jaguars/Carfax
Jun 20, 2001 (2:53 pm)
Well I have a Taurus SHO as a daily driver
and with the newer Jaguars increase reliability
a higher mileage car is probably the way I will
go. Besides I really don't care for the color white, Titanium, Black and the various shades of red are the color I desire.
Carfax will not always list a car repair history.
When I purchase my SHO it had a clean carfax
history. Ford fleet vehicle sold at auction,
the car was in an accident and Ford instead
of repairing the car sold it at an auction.
The car was purchase by the owner of a body
shop repaired and sold to me, who did not discover
the repair history until later. Carfax is a good
source of info but nothing takes the place
of a good mechanic.
#404 of 2806 2 Steps Forward, 1 Step Back
Jun 21, 2001 (4:29 am)
Hello everyone. I recently purchased a 93 XJ40 via eBay Motors, and Bill (among others) has been very helpful w/ some of my car issues. (# 208, 275, et al.)
As an update, I just had the left inner tie rod end replaced and the alignment done. The cabin vibration that was present before the work is now gone, as is the 1-2 inch play in the steering wheel, and I'm happy about that. However, the car now pulls noticeably to the left (to the point that I need to keep nudging the wheel right to avoid drifting), even after the alignment and balancing were done. There was very little pull before the work. And yes, I do have the dreaded wire wheels (but they look so nice!) Any ideas before I take it back to the shop? Are the wire wheels that tough to balance?
On the audio front--I still haven't checked for the plug, Bill, but after looking at your message for the third time I finally realized that you said, "by the gas tank", while I was looking for a plug near the battery. Duhhhh...I'll find it today, I'm sure. I received the CD changer, and a friend promises to help me mount it above the battery.
93 XJ40 81K