Earlier in 2016, KWE reported on the meteoric rise in the value of classic cars in general, and the Jaguar XJS in particular. The XJS has been widely documented as the next modern classic, with prices set to go up year on year.
We’re happy to report once more that the Jaguar XJS is continuing to rapidly increase in value, from a slow start up to mid-2015 to a rate of 5-25% a year. The big stars are the rare 6 litre convertibles, and the pre-HE (1975-1980) coupés. It would be fair to say that the XJS is ‘doing an E-Type.’ In other words, as good examples decline in availability, the XJS is becoming very sought-after, with prices soaring due to the investment potential.
Although all examples of the XJS are rising in value, it is not too late to grab one at a reasonable price. However, a good un-restored example that cost, say, £5000 two years ago will now be going for £8 to £10k.
Now’s certainly the time to buy, as we don’t anticipate this trend changing for many years!
If you’d like to stay ahead of the curve, check out our current cars for sale, or contact us by calling +44 (0) 1635 30030 or emailing firstname.lastname@example.org.
We’ve got our hands on this XJS convertible in Jaguar Crimson, available for sale now.
The car is ready to drive off in, but it could also be upgraded to the full KWE specification, offered at cost price. So whether you want it as is, or would like to see some changes made, this car offers plenty of options!
KWE has already assessed and refreshed the car with our usual attention to detail, carrying out what little maintenance it required. With low mileage and only 3 owners, it’s in excellent condition.
You can read the current specification and see the stunning new photographs here.
For enquiries, please contact KWE by calling +44 (0) 1635 30030 or emailing email@example.com.
KWE has developed a way of repairing the Delanaire Mark 2 aircon servo amplifier. Spares are unobtainable and the amplifier has a limited life. The symptoms of failure of this device are a lack of temperature and air direction control, even though the heating and cooling systems are working.
Similarly, KWE can now replace or repair the Delanaire Mark 3 frost thermostat, which is also unavailable new. This device commonly fails and forces the refrigeration compressor to run all the time. This in turn causes the compressor to fail prematurely and the evaporator matrix to freeze up (like a domestic fridge) and stop air from entering the car. Another symptom is the refrigerant pipes and hoses being covered in frost when the engine is running.
Over the past 10 years, the value of classic and luxury cars, as measured by the Knight Frank Luxury Investment Index, has increased by 467 per cent. To put this incredible performance in perspective, this compares with a rise of just 111 per cent in the top end of the London residential market. Hedge fund managers saw returns of only 7.73 per cent over the same ten-year period. The index has reported a continued rise of 17 per cent over the course of 2015 alone. Due to this meteoric rise in value, classic cars are beginning to be recognised as an asset class in themselves, rather than just high-value collectibles.
Buying a classic car is clearly a smart investment choice, particularly as the stock market is volatile and interest low post-Brexit. At a time when there is little benefit to keeping cash in the bank, why not invest in an asset that will not only hold its value, but also bring you years of enjoyment? ‘Passion investing’ is increasingly expanding into the classic car arena; in the last 3 to 5 years, the volume of global purchases has exploded, driven by investors rather than casual collectors.
The best investment strategy is purchasing the ‘right’ brand of classic car. Only certain quality brands will hold value, including Ferrari, Lamborghini, Aston Martin, and, of course, Jaguar. Look out for cars with documentation and proof of ownership (we have a selection of classic cars for sale here). The car should be in investment-grade condition, or restored to a high standard – something that our wide range of services can certainly help with. Other strategies include choosing a car that was iconic in its time, or is known from TV and film.
Cars from the 1970s to 1990s are beginning to be seen as ‘young’ or ‘modern’ classics, ideal for long-term investment. According to current market trends, prices are set to rise considerably. The XJS, created in 1976 in the shadow of the E-type, quickly won over enthusiasts and achieved a long production run, appearing in numerous TV shows over the years, including The Saint. The car’s instantly recognisable lines have cemented its iconic status and ensured lasting appeal.
The XJS continues to be cited as one of the top modern classics, with numerous publications extolling its virtues. Classic Driver, The Sunday Times and AutoExpress have all published guides to investing in classic cars that recommend the XJS.
As well as the beauty, driving experience and nostalgia-factor of the XJS, the potential for returns on investment has also been widely documented. Classic Register named the XJS as one of the ‘Top 10 Affordable Future Classics,’ saying that ‘Many are now starting to recognise the significance of the XJS… which can only mean good things for value growth in the long term.’ Petrol Blog included it as one of their ‘Top Ten Modern Classics with Investment Potential,’ noting that ‘prices seem to have really jumped in the past few years and this is a trend that will almost certainly continue.’ Tellingly, Autocar has predicted that the XJS will never be cheaper than it is at the moment, advising: ‘Find a good XJS and you’ll have an appreciating classic. Old Jags are in demand.’
Clearly, there are compelling reasons to purchase an XJS now, as more and more investors catch on to its appeal and prices continue to soar.
If you need help sourcing a classic car or Jaguar XJS, or would like to discuss a Jaguar restoration project, then contact us at firstname.lastname@example.org to find out how KWE can assist you.
It is not uncommon to experience total brake failure after a long, hard period of braking – just when you want full brake power. By far the most likely cause is that the high heat generated in the brake callipers has raised the brake fluid above the boiling point of water, i.e. 100°C. Normally, this would not be a problem – brake fluid is designed to withstand at least 200°C – but if the fluid contains water above approximately 3%, then this rise in temperature will cause the water in the brake fluid to boil and turn into a vapour. The vapour is easily compressed, so the pressure of the brake pedal merely compresses the water vapour and the brake fluid does not move to operate the brake callipers. Result – pedal to the floor.
Once the fluid has cooled to below 100°C, the water vapour condenses back into water. Water is not compressible, so the brakes feel normal again. Normal brake fluid (not Silicone types/DOT5) absorbs water relatively quickly, and can easily get to 3% after a few years.
High water content in the brake fluid also encourages rusting at the calliper pistons. This rusting can, and does, cause seizure of some or all of the pistons. This in turn causes wild brake pulling to left or right, and overheating of one or more brake discs. This leads to overheating of the brake fluid, resulting in the problem outlined above.
While changing the brake fluid should be a routine maintenance or service action, it is seldom carried out – especially with classic cars which may not be used for years at a time. Changing the brake fluid regularly, however, has the benefit of keeping the water content low enough to avoid brake failure and rusting. So be warned – change the fluid every 2 years to avoid potentially lethal brake failure.
Avoid a nasty surprise by keeping on top of your classic car’s maintenance. Contact KWE to schedule your next service appointment.
Get involved in this XJS Convertible restoration project – what will you choose?
We’ve been busy beginning restoration on this XJS V12 Convertible, offered for sale. Hailing from Liverpool, it has very low mileage, and will be an affordable and cost-efficient classic car once our work is finished.
All we need now is you! Would you like to play a part in the car’s restoration specification – and perhaps become its new owner? We’re inviting our readers to suggest improvements, such as the colour scheme for the body paint and interior. This is a chance to build the classic car you’ve always wanted!
You can find some photos of the work so far here. As we go through the process of dealing properly with typical rust issues, we’re relishing transforming this convertible into a very strong and reliable XJS.
If you’ve got some great ideas for this Jaguar, we want to hear them – contact email@example.com
It can be difficult to distinguish between some of our favourite XJS restoration and upgrade projects. Each one gives the KWE team immense satisfaction. However, one recent project does stand out.
At the request of a famous TV and music industry celebrity, this 6-litre, V12 convertible has been fully restored and upgraded with some unique styling features.
We’ve stripped the original aubergine paintwork and resprayed it black, with the addition of unique, colour-keyed bumper tops. The V12 was then given the full KWE treatment with a suspension/brakes/steering renewal and upgrade. You’ll definitely see this Jaguar coming with its quad headlamp fittings. The smart exterior is matched by the luxurious cream leather interior with black piping and the addition of perforated centre sections. The internal refurbishment was completed with new European walnut wood veneers.
This XJS has undergone extensive restoration and upgrade work and we think it looks stunning. However, we’ll let you be the judge of that. Take a look at our restoration images here.
We currently have two further low-mileage, convertible Jaguar XJS cars for sale.
Why not take a look at these, and all of our cars for sale here.