Thread: Long term cost of ownership :Discover 4 vs Prado

Strange that in a thread about cost of ownership no ones yet bought up depreciation ?

Back in 2004 myself and three mates all bought new 4WD's. I bought the last of the D2a's and sold it last year, 10 years on with 270K's, for around $10K. Mate A bought a 4.2l Patrol wagon, will never sell it and reckons it's worth around $30+K and he's probably right. Agreed value insurance of $34K. It's done around the 250K mark. Mate B also bought a Patrol but a three litre, it's in mint condition, always garaged and serviced with 80K on the clock. He'll be lucky if he can get $5-10K. Each of these vehicles cost around $55K new.

Mate C bought a Landcruiser wagon, last of the 100 series, top of the line with all the goodies, iTD, auto, air bags, sat nav etc. etc. Cost him $90+K back then. He also sold it last year, in very good condition for ................. $62K. . He was so pleased he bought another one (Sahara).

Deano

Crazy... Buying a vehicle for its resale..

Drive a vehicle I'm not happy with for 3-5 years because I don't want to lose as much money as I may lose driving something I'm really happy with and enjoy.

Or ironic... Selling a vehicle that's in "excellent condition", losing 30% of its value and buying another new version....

Capitalism is alive and well it seems...

As a comparison I had a look back...

Brand New D2, Paid $50k in 2000. Sold in 2014 for $10k

Brand New Defender, $54k in 2001 Sold in 2008 for $34k

Current D4... $78k in 2011 - insured for $64k 3 years on.

Brand new D90 - Lets say around the $52k mark - value: Priceless...
My wife smiles every time she sets her eyes on it or drives it...


No depreciation numbers factor in the accessories added.

Nor do they factor in the fun, adventure, memories, comfort, driving enjoyment... These are worth more than any trade-in.

Originally Posted by Tombie

Crazy... Buying a vehicle for its resale..

Drive a vehicle I'm not happy with for 3-5 years because I don't want to lose as much money as I may lose driving something I'm really happy with and enjoy.

Or ironic... Selling a vehicle that's in "excellent condition", losing 30% of its value and buying another new version....

Capitalism is alive and well it seems...

I'm with you. I like driving. Pretty much everything I do recreationally involves driving something, so I buy cars that I enjoy driving.

Life's too short to drive a Prado...

Cheers,
Jon

Originally Posted by jon3950

I'm with you. I like driving. Pretty much everything I do recreationally involves driving something, so I buy cars that I enjoy driving.

Life's too short to drive a Prado...

Cheers,
Jon

Ill agree there i buy vehicles i love driving and dont pay to much attention to depreciation!!

But from what I've seen it appears the current D4s are really holding their value over the long term quite well!!

I reckon the last of the 100 series TDI's, especially the Sahara's, was one of those exceptional vehicles that most people look back on fondly and many often regret selling, especially if they brought a 200 series.

Personally I reckon they are a very nice bit of kit that also turned out to be a good investment, can't take that away from them no matter how parochial one is.

As for 4.2 Patrols, the good thing about them is they are like an old Isuzu powered County, they just keep going forever and because that is the only diesel Patrol that has ever done that they have become iconic, even if they are the slowest heap of noisy smoke belching camel dung I have ever had the misfortune to follow on a trip.

Originally Posted by DeanoH

Strange that in a thread about cost of ownership no ones yet bought up depreciation ?

Back in 2004 myself and three mates all bought new 4WD's. I bought the last of the D2a's and sold it last year, 10 years on with 270K's, for around $10K. Mate A bought a 4.2l Patrol wagon, will never sell it and reckons it's worth around $30+K and he's probably right. Agreed value insurance of $34K. It's done around the 250K mark. Mate B also bought a Patrol but a three litre, it's in mint condition, always garaged and serviced with 80K on the clock. He'll be lucky if he can get $5-10K. Each of these vehicles cost around $55K new.

Mate C bought a Landcruiser wagon, last of the 100 series, top of the line with all the goodies, iTD, auto, air bags, sat nav etc. etc. Cost him $90+K back then. He also sold it last year, in very good condition for ................. $62K. . He was so pleased he bought another one (Sahara).

Deano

The reason both the 4.2 patrol and FTE 100 series hold their money so well is because the ZD30 and D4D models are in many ways a step back,the D3-D4 in comparison are a huge leap forward compared to the D1-D2 which hurts their re-sale,personally I don't care,like posted earlier buying a vehicle that has good trade in just so you can start paying off another one when you do is idiotic. Pat

Originally Posted by Tombie

As a comparison I had a look back...

Brand New D2, Paid $50k in 2000. Sold in 2014 for $10k

Brand New Defender, $54k in 2001 Sold in 2008 for $34k

Current D4... $78k in 2011 - insured for $64k 3 years on.

Brand new D90 - Lets say around the $52k mark - value: Priceless...
My wife smiles every time she sets her eyes on it or drives it...


No depreciation numbers factor in the accessories added.

Nor do they factor in the fun, adventure, memories, comfort, driving enjoyment... These are worth more than any trade-in.

What a vehicle is insured for is nothing like what it is actually worth, and the value is what someone is actually prepared to pay for it, not what someone advertises what they want for it as well.


My BMW X5 M-Sport is now nearly 4 years old, now has 70k on the clock I paid $144k drive away in 2011, then insurance document tells me it's insured for $96k, however I traded it in last month and the best I could get for it was $50k...that's on a $130k RRS


My Prado Insurance papers tells me it's insured ATM for $61k (new 68k) and if I believed I would get 61K after 2 years of ownership I would think I would be very lucky..that's not going to happen.


My D1 V8 Auto SE7 with a bunch of extras I purchased for $57k drive away in 1997, sold it (traded) in 1999 for $17,500 which was the best out of 4 dealers I could get...once again, absolutely immaculately presented and looked after with books.


I have no idea on resale values today, it just depends on what you are purchasing at the time and whether you want to sell it privately or through a dealer, and also what oil prices are at the time, when I sold my Disco, no-one wanted to touch a V8 then. I also think it's a lottery and some people just seem to get way much more than I do, or they are telling fibs..


Myself, I couldn't be bothered, I just trade it. Incidentally, each and every car I own is sold looking as though I just purchased it from the showroom with all log books, seriously!


So much you read these days is so much rubbish, even when you look up the value or a vehicle for sale on Carsales.com, try getting the car they have advertised, they will more often than not, tell you that the vehicle you were looking at is sold but direct you to another one just like it but $20k more expensive...... I don't trust any of them.