One individual bought a 2015, 90 Adventure in Victoria and put it up for sale a couple months back for A$109k. He (or she) has now reduced their asking price to A$99,000. Its sad that people who legitimately want a Defender are now being forced to pay such ridiculous prices for the privilege. Even Land Rover have now jumped on the band wagon and started up a new business of re vamping to order, peoples pride and joy………..at a price. The EU have forced them to stop making Defender but they apparently can’t stop rebuilding from ground up, old vehicles.
Its always good to know that our Big Boys Toys are actually increasing in value, to a point, but, are we likely to sell ours for a quick profit? I guess you can, but I almost guarantee that you will pander after another one pretty soon after the sale. Realistically, we need to own 2 if we are going to sell one or you are wasting your time even considering making money, unless you have a huge inheritance to buy you a (near) new one of course.
Recently, we took Paul and Liz to Brisbane to pick up their new D4, and in the showroom, being intoxicated by the new car and leather smells, we succumbed and asked the dealer for a trade in price on a RR Sport. I think the RR coast was around A$148k. They looked around our Defender and told us that it was in immaculate condition. They said the extras we had on it, probably around A$10,000 worth wasn’t going to gain us any extra as a trade in, specially as the parts were not “Genuine”. They eventually got back to us with a figure of A$37,000. I choked on my free coffee and told them they must be jesting. They would most likely, put our vehicle along with the extras for sale at around A57,000. Apparently, after Phil and I had left the dealership, the sales person let it slip that the reason we were offered a low price was because we had not regularly had the vehicle serviced by a JLR dealer. So, because I had not patronised a company that rips you off with such high fees, I was told my vehicle is not worth so much as a trade in. Unbelievable arrogance. Even JLR advised me that I had not supported the brand’s dealership. I digress a little but all I am trying to state is that there are people everywhere at the moment out there to rip you off. Defender owners……………Beware!!!
Anyway…………..we apparently have a new “swish” Defender to look forward to in a year or so. I wonder if it will be as iconic. Time will tell.