Funny you say that as car yards will use the red book in their defence to pay you stuff all:eek:
These things are only worth what some punter will pay . If you dont want to spend that much simply dont;)
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I've spoken to a few yards and private sellers, as im in the market and honestly when you tell these jokers they were 50k drive away they all look at you like your trying to take the p$ss. I'm not sure what there playing at but I hope the pricing settles soon .
Land Rover doesn't decide what they're worth anymore though, buyers do. In my opinion, and a few others here have said the same thing, Defenders were always a bit of a bargain at $50k. The higher prices we're seeing now is just a correction to reflect that, now that the price ceiling has been removed.
No doubt some of the sellers are being a bit ambitious, but if the car isn't worth what they're asking then it won't sell.
I think the fact that there is nothing else out there comparable is why the prices are where they are at. The closest is are the 76 series Toyota and the Mahindra pikup. The Toyota is way more expensive and not as good anyway and far too heavy. The Toyota is probably the reason for the price of used Defenders pumas going up as it is what most people compare the Defender too, that and the Merc again seriously expensive. The Mahindra will probably go most places the Defender will go and the dimensions are similar as is the power. With a decent bullbar and lift kit and the bigger exhaust and chip kit the Mahindra will probably go anywhere. The Mahindra new are are still a bargain and half the price (25k) that a Defender used to cost so anyone who cant afford the inflated price of the Puma this is maybe a consideration..
That said most here know I have both the Mahindra and the Defender and I admit the Defender performs the same and the Mahindra is quieter inside (a lot actually), the Defender has a grin factor and I will never sell mine, also when the Mahindra is tired I will just buy another one, but the Defender will be babied and restored if needed.
Chris
Fantastic discussion. Defenders were always under priced and now used prices are equivalent to used Toyota 70 series. Agree that the market is now valuing Defenders differently. I don't think Defender prices will drop.
Mahindra is a clear great value alternative, but it doesn't have the kudos or character of Defender. It will be interesting to see how Mahindras hold up long term. I'd like to drive one.
But I've never enjoyed driving any other vehicle more than Defender and I doubt that will change. Defender just has proportions, handling, dynamics, ability, versatility, aesthetics and character like nothing else.
Just Seen a very stock 2016 110 with 4K on the clock 125k$ what a joke . The defender community need to band together and just boycott the silly pricing:o
Hilarious...they're obviously not in any hurry to sell. :Rolling: