Thread: Resale value of D3 with D4 Looming

Thers's only one d3 in the markets section here, must be getting snapped up as soon as they are listed I guess

I ask more for interest rather than any other reason, my cars are all bought on corporate Hire purchase with a ballon at the end, and I don't think I have ever not been stung at the end with any vehicle. (sorry I lie I made money on a Pajero)

My last Land rover was appalling it really dropped off a cliff, but then my last car was a BMW which I was hoping would be better but wasn't. (my cycle is roughly 2-4 years so for just about every vehicle I have had a new model come out during the cycle which doesn't help).

What then ends up happening is you keep stacking the loss from the previous car onto the lease from your new car and it just keeps piling up.

I was pretty careful this time as I made sure I got a supurb deal on the D3 based on buying at the lowest point of the GFC and in a runout cycle, but more importantly I decided to wear the pain up front, and so increased my payments to ensure a lower balloon at the end. So hopefully I have this covered this time. (and I want to try and buyout the D3 and keep it at the end of the CHP this time.)

But still I was wondering what you all thought about what a significantly higher priced D4 might do to arrest or otherwise the death plunge.

Also, let's worry about the important things in life, if you've bought one you'll be dealing with whatever depreciation it'll have, so forget it and spend your time enjoying the car!

This is why you worry about it.....

I ask more for interest rather than any other reason, my cars are all bought on corporate Hire purchase with a ballon at the end, and I don't think I have ever not been stung at the end with any vehicle. (sorry I lie I made money on a Pajero)

My last Land rover was appalling it really dropped off a cliff, but then my last car was a BMW which I was hoping would be better but wasn't. (my cycle is roughly 2-4 years so for just about every vehicle I have had a new model come out during the cycle which doesn't help).

What then ends up happening is you keep stacking the loss from the previous car onto the lease from your new car and it just keeps piling up.

I was pretty careful this time as I made sure I got a supurb deal on the D3 based on buying at the lowest point of the GFC and in a runout cycle, but more importantly I decided to wear the pain up front, and so increased my payments to ensure a lower balloon at the end. So hopefully I have this covered this time. (and I want to try and buyout the D3 and keep it at the end of the CHP this time.)

But still I was wondering what you all thought about what a significantly higher priced D4 might do to arrest or otherwise the death plunge.

Horses for courses at the end of the day. If you have bucket loads of cash or someone else is paying for it.....for sure buy new. I went against my adage of buying either demo or second hand and bought new. When things turned a rough corner....my $105k machine was getting offers of $70-75k and it wasnt even 12mths old. I toughed it out for another 12mths, reduced the debt to a point where I could afford to sell it.

Buying that D3 at 2 yrs old for $58k would be brilliant buying.....wish I had bought it at that price. I look at the 2nd hand D3's....low km's and $10's of thousands of dollars cheaper and re learnt my lesson again. So Robert ....sorry but taking into account aspects of depreciation etc are important as you never know what is around the track. Better off letting someone else wear the bulk of it and then get a vehicle that will hold its resale better.

Also Andrew...been there done that......now stop it . If these are your vehicles in your name....if something comes a cropper....you can end up with a vehicle worth $50k and a debt worth $60k+ as an example. Putting negative equity into another vehicle is never a good idea....best to run the deal out or roll over residual to either break even or to end ownership. Then start afresh. Also ( Im a finance broker) I always do a lower residual. Sometimes clients want a higher one as it reduces payments....but generally this is a difference of bugger all and explain to them...would they rather pay an extra $5 a week now......or run the gauntlet of having the car owe them money at the end of the contract?

Regards

Stevo

I wasn't prepared to wear $103k OTR for a V8HSE when they came out.
I bought a V8 Sahara instead , for $74900 OTR ( list about 88ish ).
Two years on ( Nov '07 ) I was offered $58500 for a trade on a 4L SE .
Seventeen thou depre. was not too bad , and the SE spec was up and
the 4.0 petrol was available ( it first appeared in S only ).

The significant loss in V8HSE's is due to the overpricing of the product.
I reckon it's a $90k price point ..... as did many others who laughed and
walked away from the demo Easter '05 .

The price will plumit, people will panic and start to off load theirs, dragging the price further down, just like the share market.


then I will be able to afford one