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Thread: Defenders on "Car Sales."

  1. #11
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    Quote Originally Posted by ProjectDirector View Post
    Well, I will be putting mine on the market next month as I don't get much use of it and it is a shame to just drive it on bitumen. So, the timing might good for me Defenders on "Car Sales."
    Not sure you will get any more than you would have before, the over priced ones are simply not selling, ones priced correctly are. There just seems to be a rather a lot of nutters about at the moment who think their rust heap is gold just because Defenders have been discontinued. The truth is 200 tdi's, 300 tdi's, TD5's, even the 2.4 where already discontinued so nothing has changed. Those who are spending 50 odd thousand on a new one (odd exception of course) are not shopping in the 300 tdi rust heap market so the new Puma being discontinued changes nothing as far as older Defenders go.
    Chris

  2. #12
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    LP
    Quote Originally Posted by cafe latte View Post
    Not sure you will get any more than you would have before, the over priced ones are simply not selling, ones priced correctly are. There just seems to be a rather a lot of nutters about at the moment who think their rust heap is gold just because Defenders have been discontinued. The truth is 200 tdi's, 300 tdi's, TD5's, even the 2.4 where already discontinued so nothing has changed. Those who are spending 50 odd thousand on a new one (odd exception of course) are not shopping in the 300 tdi rust heap market so the new Puma being discontinued changes nothing as far as older Defenders go.
    Chris
    Don't agree. If you want a 'new' used defender in the next few years it will be a rebuild. Look at what happened in usa and subsequent demand for rebuilt rovers exported from the uk. If I had 50g for a defender without warranty I would source pre PUMA and overhaul it into the ultimate defender.

    Not sure the effect will be as pronounced in Australia's micro market but surely a chance that older defender prices will stand tall for a number of years to come. Puma will hold value if special edition but may not be the most desirable for rebuild projects for quite some time, if ever.

  3. #13
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    Quote Originally Posted by manic View Post
    LP

    Don't agree. If you want a 'new' used defender in the next few years it will be a rebuild. Look at what happened in usa and subsequent demand for rebuilt rovers exported from the uk. If I had 50g for a defender without warranty I would source pre PUMA and overhaul it into the ultimate defender.

    Not sure the effect will be as pronounced in Australia's micro market but surely a chance that older defender prices will stand tall for a number of years to come. Puma will hold value if special edition but may not be the most desirable for rebuild projects for quite some time, if ever.
    Those who were shopping for a Puma will want a like new one these may go up. Heaps of junk wont. I love Land Rover but there are other brands too. Silly 20 for example for them to bits, but 16k for a piece of crap with 360 thousand kays on it is not realistic. The average 300k defenders is not realistic peoples money will go elsewhere to other brands.
    Probably not the place to say this but Land Rover is not the only 4x4 in the world. The fact is that these overpriced Landies are for sale for weeks and months unsold means the buyers agree. Said it before and will say again something is only worth what someone is prepared to pay..And Land Rover owners and not stupid.
    Chris

  4. #14
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    Quote Originally Posted by cafe latte View Post
    Those who were shopping for a Puma will want a like new one these may go up. Heaps of junk wont. I love Land Rover but there are other brands too. Silly 20 for example for them to bits, but 16k for a piece of crap with 360 thousand kays on it is not realistic. The average 300k defenders is not realistic peoples money will go elsewhere to other brands.
    pumas with 360k, heaps of junk? You could be right. We are talking about a second hand market, buyers who want a new car are not going to get a defender. True. But those that do want a defender can have one rebuilt better than new. And that's where the market is heading for the iconic defender.

    If it is to become a niche market for enthusiasts they will see the older models are ripe for a new lease of life. With defenders you can bolt off the old, bolt on the new. When the old heaps are rebuilt to new, there may even be some 50k spenders interested again. Due to its iconic status and clued up following you should not be surprised if the older models hold value.

  5. #15
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    Haha..."TDI rust heap market". You sound a bit frustrated Chris?

    Unfortunately, most of the TDIs on the market are heaps. I found that out last year, when a friend was looking for one. But find a good one and they are just the best.

    IMO there are two types of Defenders to avoid paying too much for;

    1/. Worn out TDi and TD5 (better just to not buy at all)
    2/. Near new Pumas

    One will cost you a new Defender to fix and the other, when it's not at the dealership being fixed, is going to depreciate, just like the 2.4 before it has.

    In their best month, possibly since the Puma was released, JLR sold 148 Deefers in Feb which was 60 more than the previous month. 148...in a country of 24 million people.

    No-one really cares, except a handful of enthusiasts and a few hip dudes with Ned Kelly beards and tight pants.

    If you want to know what is and will continue to happen with Defender prices/popularity/interest then look to Europe, and read the Landy mags.

  6. #16
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    I think good tdi's are worth the money and I would spend mine, but what I am saying is a truck that has done 360,000km is going to need a lot of work very soon. Then there is rust attention, gearbox, transfer, diffs etc. A tdi with those km is going to need a lot of money actually a tear down to be a long term reliable car. 2k for the engine if you can do it yourself and you hit no snags, maybe 1 k for the gearbox, 500 for the transfer all again if you are able to rebuild yourself. Glass, seats roof linings carpets, breaks drive line body, paint it is all doable but I have done this sort of resto and it comes to thousands if all goes well. 16k high km Defender will cost at least double actually much more to get it ok possibly much more much if you cant do it all yourself. 10 for a solid car with loish kays you are going to restore while you drive is another issue. Even 20k for all the work done, but sense has to prevail. I want a second Defender, but I still have my marbles and I will buy something else before I buy a heap of crap for a bundle of money.
    Chris

  7. #17
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    Quote Originally Posted by manic View Post
    pumas with 360k, heaps of junk? You could be right. We are talking about a second hand market, buyers who want a new car are not going to get a defender. True. But those that do want a defender can have one rebuilt better than new. And that's where the market is heading for the iconic defender.

    If it is to become a niche market for enthusiasts they will see the older models are ripe for a new lease of life. With defenders you can bolt off the old, bolt on the new. When the old heaps are rebuilt to new, there may even be some 50k spenders interested again. Due to its iconic status and clued up following you should not be surprised if the older models hold value.
    I was not talking about Pumas when I said 360,000km
    Chris

  8. #18
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    Quote Originally Posted by cafe latte View Post
    I think good tdi's are worth the money and I would spend mine, but what I am saying is a truck that has done 360,000km is going to need a lot of work very soon. Then there is rust attention, gearbox, transfer, diffs etc. A tdi with those km is going to need a lot of money actually a tear down to be a long term reliable car. 2k for the engine if you can do it yourself and you hit no snags, maybe 1 k for the gearbox, 500 for the transfer all again if you are able to rebuild yourself. Glass, seats roof linings carpets, breaks drive line body, paint it is all doable but I have done this sort of resto and it comes to thousands if all goes well. 16k high km Defender will cost at least double actually much more to get it ok possibly much more much if you cant do it all yourself. 10 for a solid car with loish kays you are going to restore while you drive is another issue. Even 20k for all the work done, but sense has to prevail. I want a second Defender, but I still have my marbles and I will buy something else before I buy a heap of crap for a bundle of money.
    Chris
    Couldnt agree more, except add thousands to your estimations to fix a bad one. I have said many times that there is no such thing as a cheap defender.

    I think expecting to find a low km 20 year old commercial vehicle is a bit like looking for the holy grail. Id be looking for one that has been gone through and has had the major items rebuilt. Id rather that than paying a premium for something that is half worn out, with the exception of very low km ex CFS trucks, like the 130 ill see over easter with 25k kms on it (drives like new). Ive told fhem i want first option to buy!

    Unfortunately, most TDIs on the market are being sold by people who cant afford to or dont want to afford to fix them up. Worn out rubbish essentially.

  9. #19
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    Here is my problem, this is low km (apparently) but it it is basically a pig rig there are few panels not dinged and it is 16k! My bet is it will take another 16k to make into a working truck. Looking for something loved for a fair price is it so much to ask!!
    Oh hum glad I have my Puma, but this is getting annoying.
    Chris

  10. #20
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    There does seem to be a lot of new Defenders priced higher than normal, and some priced even higher than normal, yet theres still a sector of the market that represents good value, agreed some sellers here seem to think that they can make a killing, some who have added a few extra $$ on top of book price might get their asking price, after all its still early days since production ended.

    Good older 90/110/130 Land Rovers in good to excellent condition overseas are fetching high sums, prices can range from 10/30,000 UK pounds for one, some ones buying them. I think if you have an older one maybe not a 10 out of 10 but at least a 6 out of ten then you could get a good second hand price, it would be worth giving such a example some TLC to fetch good money, however spending thousands on a bag of nails is totally point less. Mid range TD5 should stay steady for well looked after examples and over time these will go up in value. I am sure al Pumas that are looked after will in the years to come.

    We do have a very different market here and far less land rovers and people.

    Puma 130's should hold good value against the other models.

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