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Hey Deano,I don't worry about depreciation,all my vehicles get driven,all get used offroad,all get scratched,it's the same for most on here,I know many Toyota owners who have gotten good resale,none were used offroad,none were parked in car parks,no one was allowed to eat or drink in them and all spent 2/3rds of their lives locked in their garages,so buying a vehicle and having all those conditions imposed resulting in why buy the POS in the first place. Pat
With the FTA coming into effect with Japan the cost of the Toyota (and other Japanese) product has just reduced significantly - they're talking $7K+ on a Kakadu Prado. It certainly sways the TCO further in favor of that product.
Whilst I love my D4 and hope to enjoy it for many more years, if I were presented with the buying decision again with these changes - $7K is a lot of money that could be used for a great adventure around Australia.......
The kms and dust inside my D4 even now will ensure virtually 100% depreciation by the time I'm finished with it.
Your dreaming,Toyota didn't drop the price when they switched to Thai production,that was worth 5K,do you really think they are going to give it to you now?. PatQuote:
Originally Posted by time2
Craig
Ended up buying a Ranger Wildtrak c/w Ironman Foam Cell Pro lift kit & GG AT2 275 65 18's.
Very Happy
Doesn't drive as nice as the D4 but drives well, having said that had a Christmas Tree in the back on day 1.
A few posts back it was mentioned how some one got good resale on a 100 series cruiser.
I heard a while back that when the 200 came out that the used prices of the 100 went up.
Like the guy with the 4.2 Nissan. When they bought out the 3 litre hand grenade of course the 4.2 would hold value.
When a company produces a good product and then follows it up with rubbish every one wants the good product.
I did actually look at them myself. Drove the Colorado & Nissan as well, but was impressed with the Ranger.Quote:
Originally Posted by chuck
Know a couple of people that have them. One of my foreman has the equivalent BT50 and tows every day with it.... and almost every weekend.
Ended up going with another fourby wagon.
Cheers, Craig
My father in-law purchased a new 4.2 TD Patrol at the time for $30k brand new and sold it 10 years later with 75,000klm's on the clock for $32,000 to a cash buyer.
I have never had anything happen like that in my life time.
Having the discussion on depreciation, it's a value which has to be taken with a grain of salt in most cases between different makes and models. There is just so many varying and contributing factors which determine the end value after a period of time. The cost of the US Dollar, the current oil prices, whether the model you are trading has a new body shape now, whether there are any run out deal going, and even the time of the year plays a role inthe end figure. Even the reputation your model has at the time all play a role in the end result also.
Historically they say Toyota seem to hold their value better than others, I have yet to experience this, or maybe Toyota drivers may be bigger fibbers than other car owners, who knows.
At the end of the day, if you think you should be swayed to one vehicle over another because of resale I think it's a little bit silly,though that's just my opinion.
If you buy any vehicle, have it in your mind that it should hold about 50% of its value after about 4 years you should be happy, if not,well, if you don't know by now that vehicles are the biggest money waters on the planet you need an lesson in economics....
Mate for what it's worth, I bought a my05 a year ago I got it cheap (14k) it is relatively low mileage and petrol. I knew I'd need to spend money on it but to give you an idea suspension bushes and new drive shaft cost me 4k last service cost me 3k but needed a few things fixed. I love the car and will get a newer one down the track but they are costly if you go to a dealer for repairs. Lovely car though.
Depreciation is a fact of life and whether a buyer factors this in at purchase is up to them though no one's got a crystal ball. So whether a vehicle turns out to be a lemon or the greatest thing since sliced bread only time will tell. We fell on our feet with the D2a, IMO probably the best Disco ever built :D, but I didn't know that at the time of purchase.Quote:
Originally Posted by PAT303
My point is that depreciation is real and in a discussion on 'long term cost of ownership' should not be ignored. Whether this is, or can be effectively factored in at time of purchase is another issue.
Probably lots of different car owners in this bracket Pat, even LR ones :o.Quote:
Originally Posted by PAT303
Horses for courses really. The four examples I gave are probably a pretty good spread.
Our D2a was used as Kaye's daily driver for 10 years and many extended trips into the outback on it's own or more often towing an off road camper trailer or caravan. It was never garaged and was dealer serviced from new. When sold it would be best described as well used but in good/fair condition. Sold for approx. 18% of purchase price after 10 years.
The 4.2l Patrol is also a daily driver and used for several trips a year into the high country and every couple of years a major trip (last year Cape York). Often used hauling a trailer of 2-3 tonne of firewood. Vehicle well maintained by the owner, seldom garaged and in very good condition. On todays market would sell for approx. 55% of purchase price.
The 3l Patrol with only 80K on the clock is used for the owners annual holidays where it tows a small A van and has probably never been off road. It is always garaged and serviced to within an inch of its life. It is in immaculate as new condition. Would be very lucky to get 15% of purchase price if sold today.
The 100 series landcruiser was primarily used as a tow vehicle for the owners boat, horse float and large off road caravan. It was always garaged and fastidiously maintained. Whilst it was always washed and cleaned it had its first polish by a professional detailer just prior to being sold. It came up like new, and was also in immaculate condition. Ten years on sold for 67% of purchase price.
The point I am trying to make here is that just because an owner looks after their vehicle and maintains it to a high standard does not preclude its use for the purpose it was bought for. :)
Deano :)