Mechanic and part-time YouTuber, Car Wizard, warns on the perils of buying a cheap luxury car. Sure a 25-year-old Jaguar that once cost the equivalent of $80,000 new in today’s money has come down to an affordable $2,000, in today’s money. That’s a hell of a bargain to own and to sit behind the wheel of a luxury European Jaguar XJ.

I once owned a 2002 Jaguar XJ V8 Sovereign, man that was a classy car and it was a better drive the equivalent year Mercedes S Class and BMW 7 Series. Both German cars felt like tanks next to the XJ. But that was then, this is now, today now.

Time and many miles can slowly wear away on any car that is 20-plus years old. Car Wizard calculates that the Jag in the video will cost $7,000 USD to repair. And that just 3 minutes into the video. If you want to buy an old-timer European cheap luxury car it’s best if you know how to fix them.