A large part of my project is comparing the restored Jaguar Mark 2 to Jaguar Mark 2s being sold in the same condition. My father and I decided that a budget could limit the amount of restoration we could do. Instead of a budget, we came up with an estimate for the cost of everything. We estimated that the restoration would cost $25,000 including the cost and shipping of the Jaguar Mark 2.
The total cost of the restoration was $22,162.60, which is $2,837.4 under the $25,000 budget. With the addition of new interior in the future, the car will be in top condition. To determine the selling price of the car, it is important to compare this car to cars in similar condition.
The first car is a 1961 Jaguar Mark 2 - 3.8 liter saloon and is valued at $66,119. It is left hand drive and has 60,000 miles on it. The car is in beautiful condition with a bronze exterior and beige interior. However, the car is not completely stock model. The owner added a manual gearbox with an overdrive rather than the stock automatic gearbox. Also, an electric distributer was added. Both these modifications can improve the performance of the car, but may lower the value because it is not stock.
This car is a 1960 Jaguar Mark 2 - 3.8 liter saloon and is valued at around $74,000. It is in original condition with left hand drive and 25,000 miles on it. All restorations on the car is stock model. It has a stock manual gearbox, adding value to the car. The interior is completely redone and is in beautiful condition. The exterior is grey and the interior is black. The value of this car is higher than the last car because of the stock/original components. Many Jaguar buyers prefer the stock model of the car.
This car is a 1962 Jaguar Mark 2 - 3.8 liter saloon and is valued at $79,500. The exterior is pearl grey and the interior is black. The car has all original components. The current owner has all records of past owners, the date the car was made, and specific changes to the car. The car has a Jaguar E-Type wheel, with the other wheel included. Other than the wheel, the car is completely stock. With the detailed records of the cars history and the condition it is in, it properly valued at around $80,000.
Comparing the three Jaguar Mark 2's to