I have not posted for a while but here is one for members to get their teeth into and I would value your feedback on this particular issue.
I have owned a 66 FHC for 2 years now - Old English White with biscuit interior. Personally I like the colour and interior combination but appreciate that a purist would say it should be a black or red interior - The interior condition is too good however to change. Does the colour combination have a negative affect on value I wonder?
Paid 28K from a dealer (Camberley Marine) and have spent a further 11K on upgrades and necessary mechanical work. Body was excellent having been restored from a Californian car in 94 and was owned by Ken/Peter Bell who know their Jags and I guess I was comforted by this provenance. - No signs of any rust anywhere and I guess that if there was a problem in this area it would be showing somewhere by now.
Expenditure has therefore been restricted to mechanical issues, usual upgrades with the exception of 5 speed box, new wires, tyres etc etc.
Have no plans to do great journeys in it so its really a sunday dry weather car. Where is this going I know you are asking - Well here is the stick or twist!
After owning now for 2 years I now know a lot more about these cars than I did and that regardless of what others may say, you can't buy a mint perfect car requiring no expenditure for 28K not that I thought you could anyway. I bought on the body and interior condition so I think I got that right.
I now know that my car needs a new diff (to replace the too highly geared 3.5.4 US diff which is leaking slightly) and a complete rear end strip out (brakes, shocks etc etc). It also requires a new stainless exhaust system and the engine is a bit tappety (holding good oil pressure and not using too much oil) but the engine is nonetheless noiser than it should be (suggested I have a top end overhaul to solve this one). I would like the rear bumper blades and the two door frames rechromed (to tidy these up to the standard of the paint) and there a couple of trim items that are missing plus engine detailing etc etc. Even then it will not win any rosettes but will be an excellent very well sorted example with desirable upgrades and to the casual onlooker will look a minter. To those that know however it will be a very nice example with very good bonnet and tailgate panel fit but the doors could have better shut lines as they sit slightly proud.
The above work plus top end overhall will I'm told cost in the region of 10K (and before you ask, no I don't do the work myself) and if I wanted to bring the car up to a higher standard I could throw 15K and more at it which still would not include any work on the door fit.
So my question is this
Would you stick with what I have (basically a very sound car) and spend further money taking my outlay to between 49K and 55K on a car that will never be good enough to command this value? (Car currently owes me 39K and is probably worth 30-32K (JEC Value for insurance is 38K). OR would you consider selling or a part ex against a mint fresh out of the box series 1 4.2 FHC with nothing more to do other than drive and service.
Can I in point of fact find another where everything has been done for 45k to 50K or as I rather suspect will I need to spend more money on further bits even on a FHC at this price level. To cover off the convertible issue - I know they are more sought after and are a better investment hence worth throwing more money at but can't afford to go to the 65K required for one so it has to be a FHC.
Anticipate keeping for 10/15 years at least so expenditure averaged over this time is reasonable either way I guess.
Interested in your views as I don't know which way to go - rock and a hard place springs to mind.
Regards to all
Simon. :(











