24 March 2015

Classic Classified: 1962 Jaguar E-Type SI 3.8L Flat Floor Convertible

From: Road & Track

Date: June 1982

Price then: $12,500 ($31,000 adjusted for inflation - about the cost of a new 2014 Chevrolet Camaro V-6 convertible today)

Price now: $121,000 - $415,000

Approximate dollar difference: $192,500 (assuming #3 condition)

Approximate annual rate of return: 9.4%

1962 Jaguar XK-E. Early (S/N 876001) California car. Never any rust. New white lacquer, red hides, top, Vredesteins. Most original available. $12,500 or trade.

Flat-floor E-Types are red-hot  in today's market, but  at one time they were just 20-year-old used sports cars and these out of date E-Types (XKE in the US) were priced accordingly. The $12,500 asking price was a lot for what was just an old Jaguar  at the time, but it was still one-third the cost of a new XJ-S. The seller's statement that this  car is "for the collector" proved prescient.

4 Reader Comments

  • 1
    Jon Lenchner United States April 9, 2015 at 08:45
    So true, as I know first hand. JL https://www.bonhams.com/auctions/22530/lot/131/
  • 2
    Charles Gillies United States July 22, 2015 at 15:20
    I bought my 62 E roadster for around $2,000 in 1975. Everything mechanical was reconditioned/rebuilt by me in the early 1980's. In the mid 80's I bought a new top, and when the old one was removed the first of the rust was revealed. I bought new floors 10-15 years ago, a new left door 20 years ago, almost a complete new interior over the years, and assorted lights, mirrors, bumpers, etc., while alternately driving and storing the car over the last 40 years. Now instead of it being just an old used, but very fun, sports car, it is an OTS (roadster), flat floor XKE (E-Type), and it turns out per the car number (876413) to be a 1961 with all matching body, car, transmission, and engine numbers. Thus my resistance to doing a complete tear-down restoration has been forced aside, and the bonnet is at the metal-man's shop soon to be followed by the body shell. On the surface the car looked beautiful when I bought it, but the deeper I dig the, more evident it is how much it had been violated in its first 14 years. There are remnants of a former roll cage. There were 26 pounds of body filler in the bonnet alone, and the center and left wing of the bonnet are from two different cars. I was driving it last month and expect to be driving it again, as a work of art, in a little over a year.
  • 3
    tay Jomtein Beach, Pattaya, Thaialnd September 3, 2015 at 01:47
    Maybe the best story about getting an E-type. In 1970 while living in Venice Beach, Calif. I traded, straight across, my 1941 Cadillac standard 4-door sedan, my daily driver at the time, for which I paid $200usd a few months earlier, for for a stock 1961 flat floor E-type. I was told it was the first E-type sold in Los Angeles.
  • 4
    James Strickland United States September 16, 2015 at 12:06
    Tay, What color was the etype and was it a convertible? I own 875006--the 6th lhd convert and was the first one brought into LA.. If this sounds like yours, please let me know at jamesstrickland@comcast.net.

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