As someone who has owned two other Jaguars, an XJ6 and an XJ8, that were purchased new and kept for 7 or more years and 100k miles, without any problems, I was optimistic that my purchase of a 1999 XK8 in the spring of 2010 would not present any problems. I researched the car and was aware of the timing chain issue (which I replaced immediately on purchase of the car), but I was unprepared for mysterious "check engine" light problems. After several unsuccessful attempts by my repair shop the problem ultimately was the electronic throttle control module (a very expensive part). After replacing the ECM - no problems. All in all still a lot of car for the money!
Bought this gem used with 21K miles on it. Good thing I had an extended warranty. Plenty of electrical problem, traction control fail, antilock brake fail, convertible top lines fractured (not covered), fuel pump fail, starter fail, etc. In spite of all that, this car is just fab. It drives like a dream now that everything is fixed. She is a thing of beauty. I never get tired of starting the engine. She handles so well on the road and is great on the highway (gets 26 mpg believe it or not). These cars have lots of computer glitches. You have to get used to them. Thing you need most is a mechanic you trust who can keep your gem running smoothly. Dealerships are not always the best at this.
I just bought my Jag Xk8 convertible a few months ago. It is black on black with chrome wheels. The car gets plenty of looks. People cannot tell what year or what I paid for this baby. The car is beautiful to look at in motion or while sitting still. Under the hood is a monster. the car has power the run a quarter mile when needed. In short, just buy it. You treat the car good, and she'll treat you real nice.
I traded a 98 Porsche Boxster for a 99 Jaguar XK8 a few years ago.son I did it was to have a back seat for my kids to ride. Unfortunately the back seat is so small only kids under 5 can fit. Exterior: No complaints. It's a sleek, nice design. Interior: Extremely difficult to enter/exit but once inside is comfortable . The wood interior is nice but the rest is cheap, easily breakable plastic. Mechanical: The well-known cheaply-made plastic timing chain tensioners should have been replaced on all the XK under warranty. Overall by no means a luxury car. Then again, I'm comparing it to an LS Lexus.
For sure it is a fun and sexy car to drive and has lots of power. But for the price it is very cheaply built. A lot of things fall apart, there are plenty of electrical problems, overall you always feel what is gonna go wrong and break next. Recently the engine has given me problems. During the last three months my car has be out for service for one and half months. I'll never buy another Jaguar.