Thread: Depreciation in resale value

Originally Posted by big guy

Who knows, you do it right and may even come out on top.

We had a relative come from Germany and bought a car here, sold it 7 months later, well i did for him as he ran out of time and made $1000 on top of what the car cost him.
He spend $2k on getting it serviced and some spare tyres plus fuel of course and one last service and detail.
he also picked up people from Hostels around the place wo in turn paid for some fuel.

Worked out well. I loaned him my camper I had at the time for $500 and he was happy.

I do believe you can hire them here.

Thanks. Maybe a long term hire for the camper is not a bad option too. We were thinking that we might mix it up a little during the trip and tow a camper for some of it and a caravan for other parts. Long term hiring would give us options.

For the vehicle though we'd prefer to buy, especially given the damage risks during the trip. I'd prefer not to have to explain myself to anyone else (other than to my wife & kids of course) whenever I stuffed up

Originally Posted by Utemad

I wouldn't think you'd lose too much on the camper but I think you'd lose a reasonable amount on the $25k Disco2. It is a Land Rover after all.
Just factor it in as the cost of a fantastic 12 month holiday

Thanks. Yep, there's no doubt the trip will cost us it's just the more we loose on the vehicle the less time we can travel.

Dear I say it but would I be better in Aussie to consider a Toyota (), do they depreciation less in comparison. We'd be OK to spend a little more if it meant the depreciation cost overall was less.

Thanks again for your reply.

Originally Posted by Taz

I'd suggest you would drop 15% if you do 15,000km. More k's = higher depreciation, less k's = ..well you get it

A good point. We will be putting on a lot of k's on during the year. I think this would favour perhaps buying a high miler to start with so the addition wouldn't be so noticeable to the resale difference. Maybe a newer high mileage D3 might hold it's value better.

Thanks again for taking the time to reply.

Originally Posted by Brian Hjelm

What are they worth in NZ? Is it a possibility you could buy and use here, then take it over there and maybe get enough to pay for your holiday or even a modest profit.

Because the vehicle import duty is less in NZ (we have no new vehicle industry to protect), the streets a awash with secondhand import 4wd's so I think the likelihood of turning a profit would be slim, especially with the shipping cost across the ditch.

Thanks.

Originally Posted by defend

In New Zealand you cannot import/sell ANY secondhand diesel car/light truck,4x4,something about being "green".Can now only buy in NZ new Diesels,no imports.Also hard here in Australia to bring in from NZ a personal import and sell it,unless you can prove to the motor import guys in Aussie that you intend to live here.The camper trailers can be moved between country's and sold ok.

I wasn't aware of that import restriction into NZ (although it wouldn't surprise me). The flow of secondhand 4wd's into the country has slowed but I thought it was a mixture of the economic downturn and the fact that we're now competing with rich Russian's on the international markets for the secondhand vehicles coming out Asia.

I was aware of the rules around importing into Aussie. I think I'll steer clear of that although you never know, we might end up staying. You guys wouldn't mind a few more Kiwi's turning up would you?

Originally Posted by slug_burner

Agree with the above particularly the camper depreciation. D2 or any orther $25k car, in two years it would be worth $20k without putting a k's on it, factor in some additional k's and then it depends on the total, over 200k and I'd say you would be looking at $15k or less under 150k probably $18k.

Disclaimer: I am not in the 2nd hand car market so could be way off.

Thanks for that. I see you're in Melbourne. I have family near Melbourne so buying & prep'ing there would be logical. Is there a good secondhand market in Melbourne for Landies? Are there any specialist Land Rover dealers you'd recommend for me to pester? Cheers.

Would you consider a Defender? maybe a 130?
We bought a 1994 300tdi 130 and sold it 3 years later for a $2000 profit.
(then bought a 2004 Td5 130)
I think the Defenders seem to hold their value a bit more than the Disco's.
Disco's are way more comfortable though!
Just a thought.

Fraser

Originally Posted by LandieMan

Thanks for that. I see you're in Melbourne. I have family near Melbourne so buying & prep'ing there would be logical. Is there a good secondhand market in Melbourne for Landies? Are there any specialist Land Rover dealers you'd recommend for me to pester? Cheers.

Melbourne has as many landies as anywhere else, plenty of Discos and RRs and Sports on the road, Defenders and series are a little less common.

Look here LAND ROVER DISCOVERY Cars For Sale in Victoria - carsales.com.au - carsales.com.au I found 71 Discos in the Melbourne area.

I don't know of any one car yard that I would recommend but I do know a fussy LR mechanic.