Thread: Fair value for 02 Extreme

Originally Posted by land864

I know ... Pics

Not intending to bag out the Fenders.

just trying to identify risks in ownership.

I am after all thinking of going from an 04 D2 Classic to an 02 Fender

X-Treme just becauie I like the off road capability and look of the trad shape.

I have had a few series vehicles.

Pete

That's like moving into a cave after living in a house.

I quite like my cave but at least it has AC that works

I wouldn't trust redbook. Seems to be a fairly consistent $7-10k off what it should be with defenders. From memory it said $17-20k for an 02 with 150-180k on the clock. That's the price I usually see 98's for with those k's.

I offloaded big red with 175K Km on the clock for $18K. In mostly stock trim with lots of post service spare parts.

I was aiming for more but crunch time came and thats what was on the table, it was that or take out an overhead on the house loan. $18K was more than the critical break even point but less than we'd like.

Typically 4 weeks after it sold we started getting phone calls on old ads that we'd forgotten to cancel offering the initial asking price.... One bloke offered $30K the buy it now price we'd initially put up on evil bay when we were testing the waters and could afford to be choosey. We got sniffs at the $25K mark but most were interstate. The day after we took the deposit for $18K we got an offer of $22K.

Steve , would love to have both but just bought a little 2 seater for the great handling stuff
The Disco has been great , very refined but I'm happy to do some noise proofing work etc to the X-Treme

Blk night, always the way mate , always the way , buying or selling, something better comes along just after you sealed the deal

From what I can tell all the valuation services don't get just how hard it is to actually get a Defender and factor that into the price.

My 05 Defender attracted at $37k trade-in by the local dealer why buying my new Puma !!! And it's not like they made up for it on the Puma - I was given a discount of $2500 on that as a return customer.

He told me he'd have the trade-in sold within a week...

Admittedly my trade-in had low KMs and lots of bits, but it was certainly not a new vehicle.

If you can hold out, don't take the first offer you get.

The only thing that would concern me about this is that there were a few problems that were specific to the earlier models that I can think of. Many of them may have been solved by 02 though.

1. plastic head bolts.
2. oil pump retaining bolt (not a big deal).
3. i've heard of some of the early ones being prone to corrosion of the alloy panels. I've only heard of this on 99/00 models. I would imagine if it hasn't happened yet it's probably not something to worry about.
4. Now this might be worth checking... the earlier ones didn't have a flashable ECU which means you won't be able to power it up so easily.

I still reckon it would be a steal at that price though. While I'm normally a fan of Redbook pricing it does seem to struggle with defenders because the volumes are so low. Good ones usually change hands well above redbook price.

Mmmm

A mate used Glass' guide and came up with a value at $ 26500 considering age and low km's for the 50k one.
It has a few extras and my question is how do you put a depreciated value on those.
It has twin LR tanks , drawer system to rear , dual batteries , 40 CH UHF.

So now the asking is $ 29000

There's a 2003 with 120K km with Frontrunner rack, bar, snorkel, winch, cargo barrier, upgraded ECU, UHF, CD Player, Bilstein shocks in VIC for $29.5K on Carsales at the moment. A bit closer with a bit more fruit, but the high 20's seem to be where good examples are.

The problem with low volume cars and Redbook, is that a couple of wrecks sold cheap can bring down the average substantially.

2003 LAND ROVER DEFENDER X-TREME 110 02MY Private Cars For Sale in VIC - carsales.com.au