Collector Classics: 1967 Jaguar XKE

first_img Trending Videos The skyrocketing value of houses in Vancouver is what legends are made of.The Real Estate Board of Vancouver puts the average price of a detached single-family house in Greater Vancouver at $1.5 million. A house that sold for $180,000 thirty-five years ago is now worth $1.8 million. Back then, new graduate Anibal Valente went against his father’s advice to buy a house opting for a 1967 Jaguar XKE roadster. His father continues to be adamant that the purchase of the sleek silver British sports car instead of a house was the biggest mistake of Anibal’s life. So let’s look at the math. The house the civil engineer wanted to buy before he got edged out by a higher bidder was on the market for $150,000. A high-point restored Jaguar like his can sell for upwards of $250,000. Anibal paid $12,000 for his Jaguar back in 1982 – about half the money he had saved for a down payment on the house.So that would indicate his car is worth 10 times more than he paid for it. If the house he could have purchased back then for $150,000 is worth $1.5 million, that also represents a 1,000 per cent lift. But Anibal spent the past seven years doing a complete nut-and-bolt, show-quality restoration on his Jaguar that was originally silver with a red interior. It is now beautifully restored with a colour change to Carmen Red that is correct for a 1967 Jaguar XKE.He estimates his total investment in the car including purchase price to be $150,000. That leaves a potential $100,000 lift – eight times more than he paid for the car. There is no question that the purchase of the house would have been a better investment than the sports car. Despite this, Anibal says he made the right decision in buying the sports car.“The best thing I did was not buying that house,” he says reflecting back 35 years. “You have to follow your passion and this car has given me so much pleasure.”The son of Portuguese immigrant parents, Anibal became inspired by the beauty and performance of Jaguar sports cars when a fellow engineering student showed up at the University of British Columbia driving a Fifties-era XK150 roadster.After graduation, he and an engineer colleague became fixated on the beautiful XKE Jaguar sports cars.“E-Types were hard to find back then and we were each scouring the want ads and making calls on the weekend to try to find one,” Anibal recalls.His friend came to work after a weekend to say he had been successful in buying a baby blue XKE roadster after getting in a bidding war with another potential buyer. It turned out it was Anibal who was unwittingly bidding against his friend.Becoming more resolute in his search, Anibal connected with local shops specializing in British sports car repairs.“Carnarvon Motors called me within two weeks to say one of their customers was selling his XKE roadster. It was silver and that was my favourite colour,” he says.He bought the car in 1982, got married two years later and became the father of a son and two daughters. At one point, he put the car up for sale but made sure his asking price was high enough so that a sale was unlikely. He kept the car and enjoyed driving it occasionally for nearly three decades.A vice-president with PCL Construction, he spent five years in Regina where he and three other sports car enthusiasts met for Sunday coffee and drives and ended up forming the Jagnuts Club that now counts more than 100 members. Anibal’s son Justin joined him every Sunday for those jaunts.After years of occasional use, the rust worm had taken its toll on the Jaguar body and mechanical issues were an increasing problem. He began regular visits to a neighbour’s garage where the man, also an engineer, was restoring his Jaguar XKE coupe. Anibal made the decision to start work on his own Jaguar.What turned out to be some remedial work became a full restoration in a borrowed shop with a part-time bodyman replacing all the rusted metal after the Jaguar had been disassembled down to the last piece.The car then went to a Cloverdale shop for a mechanical rebuilt, paint and reassembly. The only deviation from the original is an extra-thick aluminum radiator and an aftermarket five-speed transmission replacing the stock four-speed manual.“I loved the whole process of ordering the parts and solving problems,” admits Anibal. “It was a lot of fun working with the restorers putting the car together.“It’s a lot like construction when you finally see the end product.” The restoration was completed in late-fall, enabling Anibal to take a few drives in his old-but-new-again Jaguar XKE roadster.“When I first bought the car, my dad didn’t speak to me for months. He still thinks I should have bought that house,” Anibal says. “But this car has opened so many doors that wouldn’t have been there and became the basis of many friendships.”He has kept in touch with the three other founders of Regina’s Jagnuts Car Club and they often meet at Vancouver’s All-British Field Meet British car show where his car will be featured as a debuting restoration next May.Anibal says he and his wife Tracey kept the Jaguar while managing to buy a house when they got married. They still have a nice house today where the restored Jaguar has a permanent place in the garage.As for the future, Anibal’s son Justin hopes the beautifully restored Jaguar will be eventually passed on to him since he figures the time he and his father spent with the car every Sunday while living in Regina should count as his ‘investment’ in the car. 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[email protected] RELATED TAGSJaguarConvertibleVintage / ClassicClassic CarsClassic Cars & TrucksNew VehiclesVancouverVintage & CollectibleAlyn EdwardsAnibal ValenteBusinessCarmen RedCars and Car DesignCloverdaleConvertiblesCulture and LifestyleJaguar Cars Ltd.Jaguar XK150PCL Construction Enterprises Inc.Real EstateReginaSports CarsUniversity of British ColumbiaVancouver Created with Raphaël 2.1.2Created with Raphaël 2.1.2Anibal Valente in his 1967 Jaguar XKE — freshly restored after 35 years of ownership.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The Jaguar XKE roadster as purchased by Anibal in 1982.Submitted, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Anibal at the wheel when he purchased the Jag in 1982.Submitted, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The seven-year-long restoration of the Jaguar XKE owned by Anibal Valente in the final stages [PNG Merlin Archive]Submitted, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The results of the nut-and-bolt restoration of the roadster.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The black leather interior of the restored Jag.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Alyn Edwards, Driving advertisement Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. 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