Jaguar - Mk II ()

When you imagine the sleek silhouette of a Jaguar Mk II, the 1962 sports‑sedan immediately calls to mind the graceful curves and refined aura that have made this model a timeless icon in the classic car world. While the exact Jaguar Mk II price varies by condition, rarity, and geographic market, enthusiasts and collectors are typically prepared for an initial investment that reflects its storied heritage, sophisticated engineering, and cultural impact.

Below is a deep dive into the defining characteristics of the 1962 Jaguar Mk II, a quick look at how it holds its value, and how it stacks up against other classic sport sedans of the era.

• Engine: 3.8‑liter (3,780 cc) straight‑four, 194 hp at 4000 rpm
• Transmission: 3‑speed manual (classic Rode) with optional 4‑speed Geneva in some earlier units
• Drive: Rear‑wheel drive layout
• Fuel System: Single carburettor (Lotus carb) or dual closed‑loop carb for higher‑trim models
• Dimensions: Length: 170 in (4,321 mm), Width: 67 in (1,702 mm), Height: 54 in (1,372 mm)
• Wheelbase: 103 in (2,618 mm)
• Suspension: Independent front with wishbones; rear with leaf springs and adjustable dampers
• Brakes: Inside‑operated drum brakes all around; later models offered the option of outside brakes
• Top Type: Convertible (the most coveted), three‑passenger drop‑twin, and 2‑door motor coupé
• Interior: Leather upholstery, automatic climate control (optional), hidden ignition switch and speedometer controls for classic aesthetic

But what exactly is a Jaguar Mk II worth today? While individual conditions and provenance weigh heavily on pricing, the following depreciation insights can help estimate the remaining value.

Depreciation Insight

• First Year Loss: A new Jaguar Mk II typically loses an estimated 15‑20% of its retail value in the first year. Classic cars rarely demonstrate such steep decline due to scarcity and demand; however, early ownership and maintenance headaches can still affect the resale price.
• From 5 to 10 years, the depreciation curve tends to flatten with a roughly 4‑6% annual decline. Classic vehicles often stabilize in value once they reach a milestone age (often 30–45 years) and find a niche in the secondary market.
• Beyond 15 years, most well‑maintained Mk IIs can appreciate or hold value if they are in excellent condition, have complete service histories, and retain original components. Collectors often pay a premium for matching glass, paint, and original run‑ny gear.

The systematic depreciation of classic cars is influenced by factors such as:

• Original and aftermarket parts scarcity
• Historic exhibitions, press coverage, or media presence
• Vehicle restorations that stay true to original specifications

Comparison Context

When comparing used Jaguar Mk II price to its contemporaries, notably the Aston Martin DB2 and the Chevrolet Corvette (1963), several points surface:

• Jaguar Mk IIs are often priced 10‑15% below the Corvette’s typical market since the Corvette’s iconic status keeps it higher on the price curve.
• In contrast, the Mk II’s build quality and non-Muscle‑car heritage allow it to command a slightly higher resale floor than the

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