It is very relevant. You could have paid AUD$832,743 for a special edition factory Defender. (The 2millionth one). You could pay near disco price for a special edition.
But why would you? When you could choose a much less expensive non-special for the comparo.
Yes - the OP's "now you can pay as much as a disco" is his premise - but is that realistic or valid when don't (didn't) have to pay that much.
Totally different matter and totally valid if the standard models were all at near Disco price levels. But they aren't.
The comparo can be made more valid if it is no longer "compare stock models now they are at similar prices" and is changed to "let's compare a special edition defender to a stock disco, now that they are similarly priced" then fine.
In this latter (theoretically adjusted) comparo specifically between the more expensive special edition defender and a disco:
- you can not say you are paying more for less vehicle. The premium paid for a special edition defender is for intangibles like special badges, paint, upholstery, etc. You wouldn't pay the premium if you thought it not worth the premium.
- the special edition premium features don't add to the special defender's "off-road performance" - off-road performance being a key part of the OPs comparo requirement.
- just like the onroad performance and safety features of the disco (comes with the disco price) don't make it any better off-road either
Now you got yourself a real comparo. Two premium priced vehicles delivering premium features which don't enhance off-road performance. Neither vehicle a case of "less vehicle for the price". Both deliver similar off-road performance.
Decision then comes down to whether, for the price, you want a disco like every other new disco owner has (along with its luxuries and gizmos). Or do you want a relatively rarer and distinctive special edition Defender. Choice will be decided by what you value more. Neither the lesser vehicle. (Overall, or off-road)



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