While depreciation means luxury cars’ values often drop like stones, that’s often a boon for the next savvy owner. It’s a familiar situation for some of Jaguar’s products, such as the F-Type. And that includes this week’s Cars and Bids bargain purchase: a 2008 Jaguar XK.

The 2007-2015 Jaguar XK is a luxury GT worthy of the name

The XK name carries a lot of weight in Jaguar’s history. It first appeared on the 1948 XK120, which, at the time, was the world’s fastest production car. After that came the XK140, the XK150, the XKSS, and, in the US, the XKE, aka the E-Type. The nameplate then returned in the late 90s with the XK8, Autocar reports, the predecessor to the 2007-2015 Jaguar ‘X150’ XK.

If the Jaguar XK looks a bit familiar, there’s a good reason for that, Automobile reports. It was designed by Ian Callum, the same person who penned the F-Type and Aston Martin DB9. But the XK offers more than just its looks.

The Jaguar XK’s body is fully-aluminum, Car and Driver reports, as is its chassis, Autoweek reports. As a result, it’s lighter and stiffer than the preceding XK8. The XK’s 4.2-liter V8 carries over, with a mild boost to 300 hp and 310 lb-ft, Road & Track reports. However, because of the weight savings and 6-speed automatic, the coupe goes 0-60 mph in 5.9 seconds, Automobile reports. And in 2010 Jaguar gave the XK a 385-hp 5.0-liter V8, Autoweek reports, further boosting performance.

But where the Jaguar XK, in coupe or convertible form, really struts its stuff is its comfort and luxury. The XK has standard adaptive suspension that gives the GT both a supple ride and great handling, Roadshow reports. There’s leather upholstery, real-wood trim, and touchscreen navigation with Bluetooth. And in-period options included heated seats, a heated steering wheel, adaptive cruise control, parking assist, and adaptive headlights, Car and Driver reports.

The 2008 Jaguar XK on Cars and Bids

The 2008 Jaguar XK coupe currently listed on Cars and Bids is a well-equipped example. It comes with the upgraded Alpine stereo and 6-disc CD changer as well as a lifetime Sirius subscription. Plus, it has the optional power-adjustable heated seats, leather dashboard, and heated steering wheel.

Admittedly, this Jaguar XK isn’t perfect. Cars and Bids notes that there are a few stone chips up front, and both the driver’s seat and steering wheel show some wear. However, it’s also a two-owner car with zero accidents in its history. Plus, it only has 87,600 miles on the clock, 75,000 of which are from the current owner.

Speaking of history, this 2008 XK has been well-maintained. Over the past few years, the current owner replaced the windshield (which was chipped), the brake pads, the transmission seal, and the steering wheel clock spring. And the coupe comes with extensive service records.

What makes this coupe a bargain?

As of this writing, this 2008 Jaguar XK is listed on Cars and Bids at $7600 with 3 days left in the auction. That’s a fairly low price given its condition. Similar-vintage XKs have gone for 2-3 times this price on Bring a Trailer in the past. And as of this writing, the only sub-100,000-mile XK on Autotrader at this price has visible collision damage.

For those worried about buying a Jaguar, the XK appears to be fairly reliable, CarComplaints reports. Minor electrical glitches can occur, but these are likely due to low battery voltage, JaguarForums users report. And without proper care, the dash leather can start to pull away from the windshield. Plus, based on the Cars and Bids ad, this 2008 XK doesn’t appear to have experienced any A/C leaks or thermostat failures, or if it did, they were addressed.

Still, paying less than $10k for a comfortable Aston Martin look-a-like is a deal worth considering.

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