Drove past this one at a dealer in Canberra this afternoon
2014 Land Rover Defender Manual 4x4 MY15
I30 CC with an alloy tray and a few goodies.
51,000KM, $66888.00, that's pretty much the same as the new price.....
Regards,
Tote
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Drove past this one at a dealer in Canberra this afternoon
2014 Land Rover Defender Manual 4x4 MY15
I30 CC with an alloy tray and a few goodies.
51,000KM, $66888.00, that's pretty much the same as the new price.....
Regards,
Tote
Sound like pretty good buying.Quote:
Originally Posted by djam1
I think I have my 130 covered for a fair amount. Certainly far less than replacement cost.
After doing the ring and web search around the country (thats what you do living in Alice), I have decided that for the most part, mechanical items are on par with most other brands.
An R380 for a Defender is 1000 more than for a Disco and a reco box is only around 1000 more than for a high km 2nd hand unknown unit. So between 2200 and 3200 on Defer R380.
But body panels... wow. There really must be a market (even if its niche) for quality fibre glass sections made here. But I can also see where a some of the Defender panels dont really lend themselves to equivalent fibre glass replacement (roof requiring racks for example)
Im not planning to sell mine in the immediate future and have just loved driving it, but not so attached as to say never. Actually if someone rolled up with the right amount of cash id likely take it.
Seems to me that currently a complete Defender(unregistered) in average mechanical condition with average panels should typically start around 6k. Anything under this seems very good buying. Id be curious (unlikely to find out)what wreckers are typically paying for wrecks.
.....and I'm not concerned about an apocalypse vehicle. People will be out to take mine or someone elses vehicle. Ill just take what I need as required[bigrolf]
Any reference to ‘new price’ for Defenders expired in 2016. They were always underpriced IMO.Quote:
Originally Posted by Tote
The only real competitor for Defender is Land Cruiser 70 series. Current prices are pretty much on par. There are endless examples of 70 series with 50,000km for around $70K. EG:
https://www.carsales.com.au/cars/det...AG-AD-15226094
Given that I would choose a Defender over a 70 series Toyota any day, a Defender is actually worth more IMHO. Anyone who thinks an equivalent year/kms Defender is worth less than a Toyota should obviously buy a Toyota instead.
IMHO Defender prices will only drop if the next Defender is 1. Awesome & 2. Priced under $80K.
its not going to matter, because when the inevitable zombie apocalypse happens there will only be one Land Rover worth having that will survive .... a Perentie [tonguewink]
:Rolling::Rolling: ...and the radiation impervious ragtop! 👍😎Quote:
Originally Posted by DazzaTD5
I think this may be a new record in optimism
https://www.carsales.com.au/private/...SSE-AD-5551555
I did some damage in an accident in my 130 HCPU. The insurance company were going to write it off and give me less than what it would cost to replace (including the bits I've added). They said they'd fix it if I was OK with second hand panels. Obviously I was. They come dinged from the factory after all.... [bigrolf]
Yeah new panels are poisonously expensive so don't even got there.
It was an uphill struggle for me to get my '95 130 insured for anywhere near it's replacement value. Insurers say "Red Book says its worth bugger-all" but in reality a decent 130 is worth substantially more than bugger-all. :)
Yes asking prices are optimistic. Lets look at the market on the whole. The Defender, as much as i love mine, is the outcaste of the current crop of 4x4's. It's its the Christian in Saudi Arabia (a very small pool of believers). On one side of the ledger the private sellers love their truck and think it's worth its weight in gold (just read the comments below) and dealerships are opportunists. On the other, is the current defender/series/early disco owner that harks back to the outcaste syndrome, who believes that the asking price is outrageous. To my mind the later class (the buyer) is not going to shift too far to the former (seller), therefore the vehicles for sale will hang around until there is a correction in the mindset of the seller. The eventual sale price is not disclosed therefore observers are left with only one source of information (the asking price). Until the buyers market expands (not likely with the deep rooted bias against defenders in Australia) there is little external pressure on the secondhand market. While comparing to a 70 series is attractive because of similarity of form and function, the market for that vehicle is a different type of person to the defender owner. Only a few of the disillusioned Toyota owners can and will be attracted to the light.
The new defender, by all accounts, is not going to appeal to those that kneel at the altar of the rustic roadside repairable vehicle. It's pitched at the US market and will reflect the trend to move away from the traditional 4x4 platform. Whether it will influence the market for second hand vehicles is open to debate. I suspect it will be an evolutionary step forward (like the D3 was from the D2) and the type of buyer attracted to the new defender would never consider a current defender in their purchasing equation. That leaves the current pool of potential buyers largely undisturbed.
Long winded answer to say, as a buyer, ignore the asking price and negotiate like its 1999.
As for insurance, check your policy wording to see what the definition of market value is. If it is not defined, you have a sound legal argument to say that market value is what the second hand market will bear (not redbook or glass' guide who value it on a depreciating asset model). Convincing the insurer may require threatening court action. I've love to run that case, i think i'd get it across the line.