So…this popped up for sale near me.
I’ve always wanted an XK…but buying a finished concours one will never happen…but I do love a project, and buying one and fixing it up would be fun, and I could spread the financial pain out over a few years as well.
The obvious problem is the incorrect engine (although it does run, so there’s that.) It also needs paint, and an interior. (Pretend you never saw the garish steering wheel and shifter.)
If I get this thing, the plan will be to paint it myself, and probably find a donor engine out of a rusty Series III XJ6. I know the XJ6 has a 4.2L instead of the proper 3.4L, but swap over the old style polished cam covers and carbed intake manifold, and it will at least look the part. The only thing I’d have to farm out would be the interior.
The goal wouldn’t be to make a concours quality restoration. I’m assuming that ship sailed ( or sunk) when a previous owner decided a Ford V8 would be a good idea.
I just want it looking nice, and make a driver out of it. And when I say driver, I’m talking about cross country road trips racking up lots of miles. I’d paint it in a basic single stage non metallic paint like they used in the 1950’s, polish up the exsting brightwork with some Comet, and make a nice 10 footer out of it.
Now…my question is, assuming this car needs paint, interior, a new drivetrain, and the usual host of unexpected gremlins one can expect on a job like this…what’s a reasonable estimate of its actual worth?
I’m thinking even though these things can fetch 6 figures restored, the $27K asking price is a bit too optimistic on the seller’s part. I want to get it cheap, but I don’t want to make an insulting offer. Is the asking price reasonable, or should I hit them lower?
And yes, I know what the wise men say…there’s nothing quite as expensive as a cheap Jaguar. But I’m a sucker for a good project.