Photo credit: arstechnica.com
The Waiting Is the Most Difficult Part
As Jaguar I-Pace owners grapple with the reality that their vehicles might be facing serious issues, there is a collective desire to move forward and explore new car options. However, Jaguar’s lack of communication and resolution has placed many in a frustrating limbo.
Recently, a Jaguar spokesperson indicated that an expert would reach out soon to finalize the buyback process. Yet, as time passes without further updates, numerous owners express their concerns over the perceived inaction.
A user on the I-Pace Forum lamented the silence from Jaguar about the buyback timeline, wishing that the slow progress is not a reflection of future interactions. This sentiment resonates widely among those affected, as many feel anxious about the resolution process.
Continuing the trend of uncertainty, another I-Pace owner noted that multiple inquiries to Jaguar received the same vague response, reiterating that a specialist would eventually be in contact without a clear timeframe for when that might happen.
Interestingly, some I-Pace owners in California, where lemon laws provide stronger protections for consumers, have reported some advancements in their buyback negotiations. One forum participant shared that their buyback had been approved, with expectations of receiving approximately $38,000 in return for their vehicle, highlighting a glimmer of hope amidst the struggles of many others.
Determining the Value of the Used I-Pace
Understanding the buyback offer from Jaguar would greatly alleviate the stress surrounding the situation. The reality is that with each passing day, the value of the I-Pace decreases, compounded by the challenges posed by the ongoing battery issues.
In a recent search, it was discovered that the private sale value for an I-Pace is approximately $24,428, a stark reminder of the depreciation owners face. To arrive at such a figure, platforms like Edmunds.com analyze a variety of factors, including past sales data, consumer insights, and market trends influenced by the vehicle’s mileage.
Unfortunately, the ongoing battery defect has significantly impacted the value for many 2019 I-Pace owners. In light of this, questions arise regarding how Jaguar will assess fair market value for the buybacks, particularly since the company’s delays and issues contribute to the declining prices of these vehicles.
Source
arstechnica.com