Member Since: 02 Feb 2008
Location: surrey
Posts: 2752
D3 depreciation
Went to the local dealer to look at maybe changing the D3.....until he told me what he would give me for it
I cant belive how much it has lost in 20 months......£18 grand!!!!!!
Probably just gonna hand the keys in when the lease is done and not bothering with any land rover product bar a defender in the future , it just doesnt make any financial sense...my 10 year old 110 is worth just about the same!!!!!!!
So question is...would you be happy to burn a grand a month of your wages for nothing, probably not!
What with service costs being what they are, unless your offroading your D3 and getting max enjoyment out of them, i really cant see the point.
2nd question...how many of you who have recently changed to a new D3 will use them seriously off road?, if not do you wished you had bought a 5 series/A6 instead as being a pure tarmac machine, so many other large estates seem to make better sense.
i know all new cars loose a vast amount, but in the current climate we are getting ripped off more than most...i wish i had kept my old 330 msport and just bought the defender
The D3 did however introduce me to the brand and get me into offroading so for that im gratefull "you cannot teach stupid people to do clever things"
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05 plate D3 HSE in Zermat- Gone
11 Plate D4 Landmark in Fuji white- Gone
08 Plate D3 Hse in Buckingham Blue- Gone
58 plate D3 HSE Silver- Gone
10 Plate D4 HSE Stornaway Grey
8th Mar 2009 11:42 pm
GLYNNE
Member Since: 06 Oct 2006
Location: KENT
Posts: 4665
Its only money Steve, you cant take it with you
8th Mar 2009 11:47 pm
SN
Member Since: 03 Jan 2006
Location: Romiley
Posts: 13710
Re: D3 depreciation
discocuzzy wrote:
wished you had bought a 5 series/A6 instead as being a pure tarmac machine
Don't be stupid
As we all know - the D3 is three cars in one - Off Roader Supreme, Exec Cruiser and 7 Seat People Carrier.
My last D3 fullfulled all three fantasticly - if this one only satisfies 2.5 of them - it's still worth it - especially when I've got a 14 month old at 54% of its list price (thats a £1250 per month depreciation before I got it)Steve N | 21MY Defender | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history)
8th Mar 2009 11:49 pm
DG Site Moderator
Member Since: 12 Dec 2005
Location: The Gaff
Posts: 50962
I always knew you were not a D3 chap ....it was the way your inner eyelids closed sideways
Just get over it chap ...the mothership will be here soon 21 year LR veteran > D2 GS 2003 > D3 S 2006 > D3 HSE 2009 > D4 HSE 2013 > D4 HSE 2015 > D5 HSE 2018 > DS HSE R-Dynamic P300e 2021
8th Mar 2009 11:50 pm
discocuzzy
Member Since: 02 Feb 2008
Location: surrey
Posts: 2752
Totaly agree SN about the 3 cars in 1 but im struggling to get the logic of wrecking a 30k plus motor every weekend...ive done it and i regret it..more wear and tear, annoying rattles etc etc.
Still......it still looks cool even though its costs me a fortune every month but i need to strip it down totaly before handing back.
As i said before IF YOU NeVER TAKE IT OFFROAD..you wont get the enjoyment and loads of other vehicles make better sense as a road machine.
One of the guys at work picked up a 55 plate RS6 avant with 35k on the clock for £13.5k last week...now thats a road tool "you cannot teach stupid people to do clever things"
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05 plate D3 HSE in Zermat- Gone
11 Plate D4 Landmark in Fuji white- Gone
08 Plate D3 Hse in Buckingham Blue- Gone
58 plate D3 HSE Silver- Gone
10 Plate D4 HSE Stornaway Grey
8th Mar 2009 11:59 pm
SN
Member Since: 03 Jan 2006
Location: Romiley
Posts: 13710
yes but you're sat with you're ar*e on the floor with no room and an open invitation to collect speeding tickets like confetti (see my other post) - and you should feel guilty about keeping German workers gainfully employed (not that they need it with the ludicrous protection they have) instead of Solihull's finest engineers - yes? Steve N | 21MY Defender | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history)
9th Mar 2009 12:21 am
Gareth Site Moderator
Member Since: 07 Dec 2004
Location: Bramhall
Posts: 26731
You just don't get do you ............ Its a Land Rover thing 8)
9th Mar 2009 12:35 am
gilmore
Member Since: 16 Jan 2005
Location: On the sofa
Posts: 2185
discocuzzy wrote:
One of the guys at work picked up a 55 plate RS6 avant with 35k on the clock for £13.5k last week...now thats a road tool
So the RS6 Avant has lost - what - 50 grand in 36 months? - that's nearer £1400 per month depreciation.
So if you don't want to suffer mega depreciation, either keep your cars a long time, or buy second-hand.
Love to Bonnie.
cheers
Mr TickleAll opinions expressed in this posting are my own and are not necessarily those of someone who knows what they are talking about.
Land Rover Defender V8, 50th Anniversary Edition
Mercedes ML350CDI
HM Moto CRE300X
Honda CRF250X
1974 Honda CB750K4
1975 Honda CB750K5
Ford Transit Custom (for the bikes)
9th Mar 2009 1:04 am
Roel
Member Since: 16 Aug 2008
Location: home
Posts: 1215
My Camel lost only 15000 pounds on more then 7 years and I still have it.
My D3 can only loose 25000 pounds so I did good deals I thinkRoel
1997 Camel Trophy Disco ex-P101JWK (traded it for a Britains 42101)
1984 90 TD5
2005 G4 Disco 3 BN55WPT
Also member of club MTR
and Club Faultmate
Interested in my 4x4 history see my website: www.mudmachine.webklik.nl
Sorry it's in Dutch and with google translator it gets funny.
You could have bought Dell shares with your money instead
July 2007 $30
March 2009 $8.37I know it's not considered "kind" to say no these days, but no. Just no, ok? And if it's not ok, still no.
9th Mar 2009 8:45 am
pom
Member Since: 10 Feb 2008
Location: Worcestershire
Posts: 1790
share losses can be offset against capital gains, d3 losses cant !
Pom
9th Mar 2009 9:18 am
NeilD
Member Since: 01 Dec 2008
Location: Sunny Surrey
Posts: 4845
Thing is Cuzzy, we never buy a car as an investment it is probably the most expensive thing we buy but hardly use in a 24 hour period.
Like someone said, when you buy new you'll loose 50% in two years if your lucky, so by a used one. It'll still drop 50% in two years from what you paid by it will be £6k instead of £25k!!!.
The choice is need, want and desire. What drives someone to spend £30k plus on a car when you could pick up a brand new car for under £7k......
Member Since: 08 Mar 2009
Location: north east
Posts: 24
I have just bough a '57' plate GS.
I have been scrutinising the market since November 2008. At first I had a trade in a Merc E270cdi on a '52' plate. The trade in price of this vehicle halved from the price I was offered 10 months prior (it was a cracking motor but just wanted something bigger). I passed the vehicle to a family member for the trade in price, and he is made up.
So when I approached Land Rover dealers it was a cash sale. This made no difference at all and the room for negotiation was slim. There would appear to be no rhyme or reason behind prices on the L.R. site, G.S. more expensive than some similar X.S. & S.E. models. Then you phone the dealer to ask if they still hold the vehicle and are told "NO it sold 4 weeks ago".
Suppose what I am trying to say is that in the current economic climate there appears to be no common sense. Dealers take your eyes out on a part exchange, would not appear to have any structure to the pricing, and leave no room for negotiation.
Suppose the most sensible thing is "IF YOU DON'T HAVE TO CHANGE IT - DON'T!"
Big FellaIf the grass is greener on the other side of the fence, it's because you're a bad gardener.
learn from the mistakes of others, you may not live long enough to make them all yourself.
9th Mar 2009 9:38 am
kernowexpeditionaryforce
Member Since: 15 Jan 2009
Location: Kernow
Posts: 329
just keep the car and remain part of the elite 8)
15th Mar 2009 3:27 am
John C
Member Since: 28 Aug 2007
Location: East Yorkshire
Posts: 3292
Unless it's a company car, don't buy new and only keep for 18 months unless you love it so much you won't care about the depreciation... Buy at two years old and keep it for a while.
Have a look a some rep mobiles like the Mondeo (incidentally a fantastic car) to see their %age depreciation over 6 or 12 months.
Just keep it, the depreciation only hits you when you sell it
John2020 SDV6 D5 HSE, Carpathian Grey +
2022 Tesla Model Y LR... almost Carpathian Grey
Previously : 2005 TDV6 SE Auto, Cairns Blue (288K) - ours for 16 years
Last edited by John C on 15th Mar 2009 9:29 am. Edited 1 time in total
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, it just doesnt make any financial sense...my 10 year old 110 is worth just about the same!!!!!!!
| 08MY Discovery 3 (history) 
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