Thread: Why are so many Puma Land Rovers currently for Sale?

I had a look a while back and in Qld,there were not many 110 wagons for sale,that sort of vintage.Maybe 4 or 5.

There were a huge number of 90's for sale.

Probably many think they have made some $ and want to move on or have realised this thing isnt for us.

There will be a small percentage of people simply trying to profit from the inflated prices of Defenders but I think the real reasons for an increase in the number of vehicles for sale are one of (or a combination of) the following;

• Job losses or reduced work hours
• General inflation
• Interest rates rising

When people are under financial pressure the nice to haves are the first to go. This is an indicator of what's to come with regards to housing prices as more and more people struggle financially.

Originally Posted by NT5224

..............Shannons have valued a 2012 Defender with 130,000Km at $20,000!................

That's very interesting as my 2012 90 (150k kms) is insured with Shannons with an agreed value of $61k. I simply said that is how much it would cost to replace if it was written off & they only had to look at carsales to see that & they agreed.

Originally Posted by Larry

That's very interesting as my 2012 90 (150k kms) is insured with Shannons with an agreed value of $61k. I simply said that is how much it would cost to replace if it was written off & they only had to look at carsales to see that & they agreed.

Larry, my agreed value was $50000. That was seven years ago when first insured with Shannons. However Shannon’s are arguing that 2012 LandRover Defenders have since depreciated in value to $20000. They have sent me a letter stating this.

They obviously haven’t tried to buy a Defender recently.

Alan

If you have an agreed value that is what they have to pay - no argument.

You said that the agreed value was $50,000 7 years ago and that is totally irrelevant to 2021/22. So what is the value on your current policy at the time of the accident - that is what they will pay you. If now market value then good luck, likewise if you have just been renewing without agree the value and the current agreed value in the current policy is $20,000 then that is what they will pay as both you and Shannons have agreed that is its value.

You cannot sign up to an agreed value of say $20,000 when you last renewed your policy and now expect them to pay $50,000 - however if the agreed value was $50,000 on your last renewal then that is what they need to pay.

However from your discussion in your last post it would appear you have it insured for market value in which case you really are in the hands of the insurance company - in my mind never insure for market value - always Agreed Value.

So tell us what the last policy said.

Garry

Our 90 is insured with Shannon’s.

$80k

Already had an offer above that.

what is a Puma land rover?

one with a puma engine?....a ford?

it seems people call a defender a puma.

Originally Posted by NT5224

Shannons have valued a 2012 Defender with 130,000Km at $20,000!

Reputable vehicle valuers such as RedBook value my old vehicle at $50,000. So I have no idea where where Shannons is getting a $20,000 valuation from.

My 2010 started out at $20k too with Shannons... It's just a starting point. I said I preferred $55K and they said no problem.