Defender TD5 Value

[nesjules]

Anybody any idea how much my company TD5 Defender 02MY is worth? It's bog standard, regularly dealer serviced 235,000kms, fairly new tyres with no additional extras, just the standard ABS, Traction control etc? It's due for replacement and I think I'd like to buy it from the company. Problem is my boss has looked on the net in Carsales .com.au and they're all $20 - 30,000. I'd appreciate some comments.

Cheers

Jules

[Quarks]

I reckon you can use the famed ridiculously low redbook value to your advantage!! :eek:

That, with the high km's, should be enough to knock it under 20 grand. (Or as low as you can go) ;)

:)

[mittadisco]

Let him take it to a dealer and see what a dealer would offer on a trade and then pay that figure.

[JDNSW]

Have a look at the thread
"RedBook vs Reality ?"
See http://www.aulro.com/afvb/showthread.php't=44930&page=2
This discusses the problem of valuing Defenders, but does suggest that if you are looking at setting a price to buy one, then the Redbook might be the place to go.

John

[Utemad]

You could use its kms to get the price down. That must be 50-60000kms/year.

Is your boss replacing it with a new Defender?

[Rosco]

Another issue is that your boss would have written it down .. probably off, via depreciation. Hence any amount he gets over and above his book value would be taxable income. You may be able to use this to your advantage when negiotating a price.

Good luck

[Frenchie]

I wouldn't buy a Td5 with that many km on the clock, unless you have very deep pockets.

Edit - At least have it thoroughly checked out first if you do go ahead.

[barryj]

235,000kms seems a lot before they want to sell it.

Don't they realise most businesses move vehicles out before either 100,000k's or the warranty expiry date?

If you really want it bargain them down or work out some sort of salary sacrifice or similar deal.

[numpty]

This is only a rough guide, but ours is a lease vehicle (2006 MY) and at the end of its 4 year lease, the buy out figure is 35% of new cost. This is with 100,000 K's.

[barryj]

This is only a rough guide, but ours is a lease vehicle (2006 MY) and at the end of its 4 year lease, the buy out figure is 35% of new cost. This is with 100,000 K's.

That sounds correct to me.

I cannot remember where I read it but a 1997 Defender devalued 25% per year for the first 2 or so years then tapered off after that.

[Rosco]

That sounds correct to me.

I cannot remember where I read it but a 1997 Defender devalued 25% per year for the first 2 or so years then tapered off after that.

Not positive, but I seem to recall the bean counter advising a vehicle can be depreciated back to zero over 4 years ... as far as the fiscal fiend is concerned.