Average global sale prices for the Jaguar XJ220 have increased by 24.7% in the last five years.

Jaguar XJ220 (RHD)

European spec 1993

+4.9%
Classic cars
Chip Exclusive
6 Previous owners
6 Previous owners
Closed
About
Timeline
Performance
FAQs
Legal
Closed

Asset value

£434,500

Fraction price

£217.25

Brought to you by:

Independently valued by:

With investing, your capital is at risk

*Past performance is not a reliable guide to future returns. The value of your investment may go down, as well as up and you might get back less than you originally invested.

Intro

Only 275 Jaguar XJ220’s were ever made, and this is one of only 69 right hand drive (RHD) models from that small production run.

This is an opportunity to invest in the ownership of a rare example of a record breaking model (the XJ220 is the first production car ever to top 200 mph), and this car itself has been featured on BBC’s Top Gear.

Invest in the ownership of a very rare right hand drive model of a record-breaking supercar.

Sold XJ220s have seen an average price increase of 4.9% YoY and 24.7% over five years. Source.

Available to investors at £434,500, and independently valued by Sotheby’s.

Visit the car at investor events and in its secure storage facility.

About

About the Jaguar XJ220

The Jaguar XJ220 is a two-seater sports car produced by British luxury car manufacturer Jaguar from 1992 until 1994, in collaboration with the specialist automotive and race engineering company Tom Walkinshaw Racing.

It has a place in the motoring hall of fame as a record breaker and one of the first supercars of its generation to top 200mph. From 1992 to 1993 the XJ220 held the position of the fastest production car, hitting a top speed of 217.1 mph under Jaguar’s test conditions, before being officially overtaken by the McLaren F1.

Notably the XJ220 featured on both season 5 and season 29 of the BBC’s Top Gear, with Jeremy Clarkson pitting it against a Pagani Zonda and Freddie Flintoff taking a “30 year old car over 200 mph”.

The Jaguar XJ220’s very small production run of just 275 cars and record-breaking pedigree have made it highly sought-after amongst classic car collectors.

Colour

Daytona Black

Mileage

9400

Year

1993

Engine size

3.5L V6 Twin Turbo

Transmission

Manual

Horsepower

542

Top speed

212.3 mph

Full history

Timeline

This car is in excellent condition with just 9400 miles on the clock. Six previous owners have kept the car in show condition throughout its lifetime with all maintenance performed by leading specialists Don Law Racing and Jaguar Heritage.There’s a full record of all receipts and invoices for all services.

It has been featured at many pageants and shows, and notably this car featured on Top Gear Series 5 in 2004 beating a Pagani Zonda in a drag race. It is one of only 69 right hand drive (RHD) Jaguar XJ220s ever made, and one of only four RHD models in Black Daytona colouring, putting this car firmly in the rare category of supercars.Freshly serviced by Don Law Racing over 24 months to return it to showroom condition.

It’s supplied with the original Jaguar first aid kit (unopened), wheel spanner socket, Facom toolkit and handbooks presented in the original leather folder. The car has been independently assessed by Sotheby’s, and they confirmed the valuation as appropriate, with the potential to increase.

1993

Sold to its first owner, as number 102 of 275 off the production line.

2004

Featured on BBC Top Gear.

2014

Entered a private collection with under 4000 miles on the clock.

2018

Major 24 month service with Don Law Racing returning it to Showroom condition.

2022

Secured by TheCarCrowd for Chip.

Performance

Market performance

Average global sale prices for the Jaguar XJ220 have risen from £332,552 in 2017 to £414,953 so far in 2022, an increase of 24.7% in the last five years, or an 4.9% average year- on-year increase. Source.

As with any classic vehicle there will be a range in prices depending on condition, originality, history, provenance etc. Prices for the XJ220 range from £280,000 for an average example, up to £500,000+ for a premium vehicle.

The quality of the Jaguar XJ220 is validated by an independent valuation from Sotheby’s, the auction house. Similar low mileage, original, showroom condition cars have sold recently at £546,000 (USA) and the UK at £460,000. Source.

Graph to show auction results for all Global Sales of Jaguars XJ220 between 2013 and 2022. Not including Unsold cars.

About TheCarCrowd

TheCarCrowd and Chip are partnering to bring you this Jaguar XJ220, the second ever Alternative Asset for Chip. TheCarCrowd scour the markets to bring investors the best value vehicles with potential for future appreciation.

In May TheCarCrowd and Chip partnered to bring a very rare low-mileage 1989 Ferrari Testarossa LHD. It was available for investment exclusively to Chip users and was fully funded in just over 24 hours.

What being a shareholder in this Jaguar means

You own a fractional stake (shareholding) in the limited company that owns this Jaguar XJ220

TheCarCrowd forms a limited company that will own the car under English Law. The limited company will acquire the Jaguar XJ220 as its sole asset, so you are investing directly into the ownership of the car.

The limited company is funded by selling the 2,000 shares on offer. For this Jaguar XJ220 the shares are priced at £217.25 per share with a total of 2,000 shares available.

You can visit the car

Investors are welcome at the secure storage centre to see the cars at any time. TheCarCrowd also organises regular investor events and the cars can also feature at motor shows where investors can interact with them. 

You could profit, if the car is sold at a higher price

A directors' estimate valuation will take place every 6 months and the shareholders will be informed of the outcome.

They can then take a vote on whether to keep or sell the car. Once sold any net profit is distributed amongst the shareholders. There are a number of different outlets for potential sale, including private sale, auction houses and the potential for other shareholders to buy the car from the limited company.

Your money is backed by a real world asset

Your investment is into an independent limited company, which fully owns the car outright. 

This means that your investment is always protected by the value of the underlying vehicle. 

How your Jaguar XJ220 is looked after

Stored securely

All vehicles will be securely stored within TheCarCrowd’s East Midlands storage hub.  The storage is secured by CCTV, Monitored Alarm systems and steel roller shutter gates.   

Never driven

In order to maximise potential returns, the cars are not driven other than for essential maintenance purposes. According to TheCarCrowd:

“We want to ensure that our shareholders get the maximum value from their chosen cars, so we treat them like pieces of art. Every shareholder can book a visit to our storage facility whenever they want to see and interact with the car” 

Fully insured

TheCarCrowd fully insure all cars against fire, theft and any other damage. 

So in the unlikely event that the car is damaged the asset is covered (please note that it’s covered at the latest valuation, and in extremely unlikely event when the latest valuation be less that the original sale price, the investors may not be able to get all of their money back).

Expertly maintained

The vehicle will undergo one annual service per year including an MOT to ensure it remains in good order and will be moved periodically to ensure no flat spots or seizing of key components.

General FAQs

Who are the CarCrowd

TheCarCrowd is a fully digital investment platform that allows investors to own a share of a Limited Company that owns a rare / iconic car. By democratising ownership through fractional shares, they have opened up a market that was previously only available to high-end car collectors and the mega-rich.

Where can I view the cars and invest?

You’ll be able to view the cars on a dedicated area of the Chip website (currently under construction) with investments made via a link to TheCarCrowd. We are working to integrate this fully into the Chip app in the future.

How your money is protected

TheCarCrowd uses Goji Investments which is authorised and regulated by the Financial Conduct Authority (FRN (805323) as an independent custodian for investors' holdings. 

If in a worst-case scenario TheCarCrowd were to go out of business, investment would be included in a regulated wind-down process that protects all investors. FCA-regulated GoJi Investments, which handles all client money on behalf of The Car Crowd, would sell the cars on an online auction site. All funds received would be returned to investors, with no fees deducted.

What if all the shares in the car don’t sell, will I get my money back?

In the event the car doesn’t fully fund in the first 30 days, the campaign will be opened up to TheCarCrowd’s user base and will no longer be a Chip exclusive. The campaign will then be extended by another 30 days, and if the car still doesn’t fully fund after 60 days, it will be returned to the owners and all of the investors will be refunded their money.

How does the selling process work/how can I exit

This is an illiquid investment meaning that there is currently no active secondary market available for your shares to be sold. You should therefore assume that it will not be possible to exit your investment until a periodic shareholder vote decides to sell the asset or after five years, whichever is sooner, and under specific scenarios set out within the investment memorandum made available to you by TheCarCrowd.

After the car has been periodically revalued, shareholders will be informed of the valuation. They will take a vote on whether to keep or sell the car. Once sold, any profit will be distributed amongst the shareholders. In order for the vote decision to be legitimate, a minimum of 15% of the shareholders must vote.

A 50.1% majority is required to start the process. Additionally, every time TheCarCrowd gets an offer to sell the car from a potential buyer with a price above the valuation, this will be brought before the shareholders for a vote.If the decision is taken to sell, there are a number of different outlets for potential sale, including private sale, auction, and the potential for other shareholders to buy the car outright. This will all be overseen by TheCarCrowd's experts.

How are the items valued/who values them?

TheCarCrowd directors value a car twice a year. They use a proprietary benchmarking tool which takes data input from sources such as; specialist independent valuations, Hagerty UK, Classic & Collector Car Auctions, Glenmarch and HAGI (historic automobile group index).

Ensuring the quality, value and integrity of all assets available through our platform is of paramount importance. So Chip enlisted the services of industry leaders ‘Sotheby's, one of the world’s largest auction houses, to independently value our first car to ensure TheCarCrowd valuation was accurate. We can confirm that Sotheby's valued the car higher than the original valuation from TheCarCrowd.

What are the fees?

Customers will pay a fixed curation fee of 5% (which includes a 2% referral fee) that is included in the share price, an operation fee (3.625%) to cover insurance and storage and a Chip exclusivity fee (1.5%) to cover our independent valuation as well as bringing an exclusive opportunity to Chip customers available nowhere else in the world.

Additionally 10% of profits will be charged by TheCarCrowd on exit. There will be no annual charges or management fees for the first 2 years. More information on fees can be found in the specific ‘About this investment’ section on TheCarCrowd website and within the investment memorandum for each car.

From Year 3 onwards users will pay:

• 1% (£4062 or £4.62 per share) per year management fee.

Where are the cars kept and how are they stored?

The vehicles will be securely stored within TheCarCrowd’s East Midlands storage hub.  The storage will be secured by CCTV, Monitored Alarm systems and steel roller shutter gates. The vehicle will undergo one annual service per year including an MOT to ensure it remains in good order and will be moved periodically to ensure no flat spots or ceasing of key components.

A team of Chip staff visited the storage facility for inspection and were satisfied that the description above meets the reality of what investors can expect.

Can I sell my fractional shares before the car is sold?

Not initially, you won’t be able to exit until the car is sold which requires at least 15% of shareholders to vote, of which 50.1% to agree to a sale. However we are planning to develop a secondary market for users to buy & sell your shares which we reveal more about in the coming months. You should not invest any money you need immediate access to and be prepared to have your funds tied for a maximum of 5 years.

Are there any other ways investors can make money?

There is also the possibility that investors will receive an in-year dividend based on their shareholding, should the car be loaned out for appearances in TV, film, music videos, media events and advertisements. TheCarCrowd lists the vehicles with key agencies on behalf of shareholders to attract this work.

What if the car never sells?

If after 5 years the car remains unsold, it could be sold below market value, however we are confident that this scenario is highly unlikely. Of course as with all investing, your capital is at risk. 

Additional tax and legal info 

Investing in a car and making profit from it, could incur capital gains, however there is a tax free allowance on this relative to your personal circumstances. Chip cannot give tax advice or comment on individual tax circumstances. If in doubt please consult an independent tax resource or a tax professional.

TheCarCrowd. TheCarCrowd (TCC) was established in 2019 and currently consists of 6 employees. TheCarCrowd is an Appointed Representative of Kession Capital Limited which is authorised and regulated by the Financial Conduct Authority (FRN. 582160). TheCarCrowd is registered in England and Wales [12286089]. Registered office: TheCarCrowd Limited, Northgate Business Centre, 38-40 Northgate, Newark, Notts, NG24 1EZ. TCC have the following permission “borrowed”: Arranging deals in investments and controlling but not holding client money

Goji and Goji Investments are trading names of Goji Financial Services Limited (GFSL) which is authorised and regulated by the Financial Conduct Authority (FRN: 805323). The Financial Services Compensation Scheme does not cover investment performance, but eligible investors who invest through the Goji Platform may have rights to compensation in the event of Goji becoming insolvent (for further details, see www.fscs.org.uk) GFSL is a company registered in England and Wales (no. 10234133) with registered office at 133 Whitechapel High St, London E1 7QA.

Kession Capital Limited is registered in England and Wales at 843 Finchley Road, London, NW11 8NA (Reg no. 07987057), trading address is 7th floor, Hyde House, London NW9 6LH. Kession is authorised and regulated in the UK by the Financial Conduct Authority (Firm Reference Number: 582160). These details can be confirmed by visiting the Financial Services Register, https://www.fca.org.uk/firms/financial-services-register.

What are the eligibility requirements?

All customers need to be 18 or over and will be required to pass KYC and appropriateness checks prior to making an investment. You don’t have to hold an existing Chip savings or investment account to invest through Chip via TheCarCrowd. This will be exclusively available to UK Chip customers and Chip shareholders.

How does investing in a classic car work?

1. TheCarCrowd sources, verifies and hand picks classic rare and iconic cars from across the UK for purchase.

2. TheCarCrowd create a UK limited company for the car with 2,000 legally backed shares on offer. 

3. Chip users are offered the chance to buy shares which gives them fractional ownership of the car, and once funded, the car is 100% owned by the shareholders.

What is the minimum and maximum investment?

This will vary for each car, but for the Jaguar XJ220, the shares are priced at £217.25 per share with a total of 2,000 shares made available.

Users can purchase a minimum of one share, meaning a minimum investment of £217.25, and a maximum of 200 shares (10% of the stock), meaning a maximum investment of £43,450.

Is it safe and how is this regulated?

TheCarCrowd follows all current relevant UK crowdfunding financial regulations and is an appointed representative of Kession Capital Ltd who is authorised and regulated by the Financial Conduct Authority. 

If in a worst-case scenario TheCarCrowd were to go out of business, investment would be included in a regulated wind-down process that protects all investors. FCA-regulated Goji Investments, which handles all client money on behalf of The Car Crowd, would sell the cars on an online auction site. All funds received would be returned to investors, with no fees deducted.

Remember as with conventional investing, your Capital is at Risk and past performance is not a reliable guide to future returns. The value of your investment can go down as well as up and you might get back less than you originally invested.

Are fractional investments in classic cars covered by the Financial Services Compensation Scheme (FSCS)?

During the funding stage of the process (before the full 2000 shares are sold) investor money is protected by the Financial Services Compensation Scheme (FSCS), which protects investors should Chip or TheCarCrowd cease trading.

How does the selling process work/how can I exit? 

After the car has been independently valued, shareholders are informed of the valuation. They take a vote on whether to keep or sell the car. Once sold any profit is distributed amongst the shareholders. 

In order for the vote decision to be legitimate, a minimum of 15% of the shareholders must vote. A 50.1%+ majority is required to start the process. Additionally, every time TheCarCrowd gets an offer to sell the car from a potential buyer with a price above the valuation, this is brought before the shareholders for a vote.

If the decision is taken to sell, there are a number of different outlets for potential sale all overseen by TheCarCrowd’s experts, including: private sale, auction houses and the potential for other shareholders to buyout the car.

Where are the cars sourced from?

Using their network of off-market contacts, dealers and private collectors, the cars are handpicked by TheCarCrowd’s experts for their potential to appreciate in value. All cars go through stringent checks before they’re purchased.

Can I see the car?

Investors are welcome at the secure storage centre to see the cars at any time. TheCarCrowd also organises regular investor events and the cars can also feature at motor shows where investors can interact with them. 

Can I drive the car? 

In order to maximise potential returns, the cars are not driven by the shareholders. On this subject, TheCarCrowd say

“We want to ensure that our shareholders get the maximum value from their chosen cars, so we treat them like pieces of art. Every shareholder can book a visit to our storage facility whenever they want to see and interact with the car” 

How do returns work once the car is sold?

Once a car is sold and after TheCarCrowd has deducted their fee with any costs associated with the sale, profits are distributed among the shareholders.

What have the historical returns been on classic cars?

According to the Historic Automobile Group International (HAGI™), an independent investment research house and think-tank with specialised expertise in the rare classic motorcar sector, the market saw a +9.21% YTD increase. The markets for rare Porsche automobiles, rare Ferrari automobiles and classic Lamborghini automobiles saw YTD increases of +18.92%, +6.09% and 3.81%, respectively.

According to figures released in 2019 from the Coutts passion index, classic cars had appreciated by 245.8% since 2005. A recent sale of a Renault Clio V6 gave investors a 32% return on their investment within 12 months with TheCarCrowd.

However, please note that past performance is not a reliable indicator of future results. You should not rely on any past performance as a guarantee of future returns.

Who holds my money?

TheCarCrowd uses Goji Investments which is authorised and regulated by the Financial Conduct Authority (FRN (805323) as an independent custodian for investors' holdings.

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