Reply With QuoteOur Defender seems to be holding it's value. And we own it outright. Only put your own cash into things that rise in value is the theory.
Master
high property price will bring down defender price. You don't want a mortgage to compete with defender car loan, do you?
ChèersOriginally Posted by scarry
Really?
Never happens on here
The trouble with the immigration,is there isn't the infrastructure to support it.
Without going on and on,one only has to look at the situation with the roads in SEQ.
We are on them all day with work,and probably sit in traffic twice as long as we did 5 to 6 yrs ago,and not much is being done about it.
Anything that is being done is many years behind what really needs doing,and is only a band aid,just look at the Northern part,heading north of the Gateway.
Anyway,back to Defenders,so the price is still pretty stable,and in my opinion will stay that way,or probably drop for most models,except maybe a few of the very last 'specials'.
Our Defender seems to be holding it's value. And we own it outright. Only put your own cash into things that rise in value is the theory.
Wizard
Defender prices have risen by at least 20% in the past 5 years. Low km Defenders even more.
Its rare indeed for a recent production vehicle to rise so much. I believe it’s partly a correction because prices were too low in comparison to the competition in the first place and partly icon status. ...the big question is, will they stay high in 2020 with the new model?
Swaggie
The rise was more than likely due to the substantial increase of new prices,before they were discontinued.
Like i said,prices may stay stable or even drop,in the short to medium term,Defenders definitely are not a sought after rare vehicle.There are heaps of them around.
Its the 'special models' that are rare and will probably increase in price,as they may be sought after,particularly as time marches on.
Thats the norm with many vehicles.
Prices will depend on what people are willing to pay.
In 50yrs time,who knows.
To keep a vehicle for that sort of time(50yrs),there will be quite a few costs involved,so there is recouping thats needed,which may off set any gain.
Some are saying that a good classic is worth a lot of money,sure they are.But a lot of money has also been spent on them,same with a good series vehicle.
These vehicles are often sold for less than was spent on them.
YarnMaster
Instead of dreaming about how much money owners of Defenders think they're going to bank when they sell it, I suggest they actually sell it first as I think there's a lot of hype going on around what people are paying.
Moving our Puma took longer than flogging any other vehicle we've ever sold. Average kays done about 25K pa over 7 years hence the 175K on the clock. But it had been well serviced and looked after inside and out with no rust or bruises, no hard flogging, mostly touring miles.
I dropped the price by 7 grand (from 42K to 35) just to get it off the driveway despite all the predictions of "You'll make a fortune"......
AlanH.
Swaggie
Subscriberstill about 35k overpriced
Current Cars:
2013 E3 Maloo, 350kw
2008 RRS, TDV8
1995 VS Clubsport
Previous Cars:
2008 ML63, V8
2002 VY SS Ute, 300kw
2002 Disco 2, LS1 conversion
Wizard
Cheers ATH, that’s probably the first real world sales figure we’ve seen in this thread? $35k 175km is still a pretty good price IMO.
The prices on Carsales are all speculative, hence the thread. Regardless of top dollar dreaming, Defender prices seem to be holding up unusually well second hand.
Definitely a lot of speculation going on.
We paid $35,000 for ours when it had about 80k on the clock. Now it has 127k and I think its still worth about the same.
Wizard
I doubt many are being sold for $80k+
Master
SupporterI bought my 2005 td5 110 a few years ago for $17000 (236000km), made many improvements and sold it 2 years later for $22000 (275000km), which was a fair price considering the amount of work I'd done, it was twice the vehicle it was when I got it.
Now I've got a D3 and you couldn't get me back into an old Defender.
Current - Silver 2007 SE D3
2005 Defender 110 Wagon TD5 - Gone :(
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