Defenders - An Appreciating Asset?

If l was very rich l’d not see the need to try and make a bit more from storage of cars.
It must be a rich person thing. I have friends who are rich (they have five homes) and they invest everything, the guy bought a £5,000 MX5 as a toy and beat himself up for years about it.

lightning said:

If l was very rich l’d not see the need to try and make a bit more from storage of cars.
It must be a rich person thing. I have friends who are rich (they have five homes) and they invest everything, the guy bought a £5,000 MX5 as a toy and beat himself up for years about it.

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The only thing that seems to make millionaires happy is even more money and the chance to flaunt it (with a few exceptions).

Col

Colthebrummie said:

I think accounts that are available to millionaires are a bit different to those available to the rest of us.

Col

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Millionaires or not no money is really making any money on the value of the money itself.

lynall said:

Millionaires or not no money is really making any money on the value of the money itself.

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Well mine certainly ain't.

Col

The more money you have to deposit, the bigger the interest. Some people regard money as something to have and not to spend, they probably have very old land rovers on the estate....

here you go -
http://www.mod-sales.com/vehicle/search/87996/Land_Rover_Defender_110.htm

Holy thread revival batman

Muppetdaze said:

The more money you have to deposit, the bigger the interest. Some people regard money as something to have and not to spend, they probably have very old land rovers on the estate....

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And interest rates are still on the floor.

What's the point in buying a car in the vain hope that it will increase in value? Buy it, drive it, fix it till you can't fix it anymore and then scrap it. A vehicle loses value by just leaving the forecourt.

Pappasmurf said:

What's the point in buying a car in the vain hope that it will increase in value? Buy it, drive it, fix it till you can't fix it anymore and then scrap it. A vehicle loses value by just leaving the forecourt.

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Absolutely right. The value of a vehicle is the use you can get out of it, with the exception of a very few real vintage cars, like Bugattis.

And diesel vehicles, like Defenders, are increasingly becoming the subject of environmental regulation, which will make them quite difficult to sell in the medium term.

All non electric cars will be scrap within 10 years if the leftie liberals and EU have their way. Who on here can even afford a new petrol/diesel car, let alone an electric car at nearly £10k more.

Pappasmurf said:

All non electric cars will be scrap within 10 years if the leftie liberals and EU have their way. Who on here can even afford a new petrol/diesel car, let alone an electric car at nearly £10k more.

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More like about 20 years, 2040 is the current proposal for an end to IC engines, and that will only be new cars.

There are plenty of good deals around on second hand cars, both petrol and diesel. And by that time, there should be plenty of good second hand electrics around.
I am hopeful I won't be driving at all any more by 2040, it isn't a great pleasure any more, due to congestion, and alternatives are improving all the time.

I'm waiting till someone designs a good electric conversion for the Defender. I know there has been a few conversions done, but I want a drive in/drive out kit.

Pappasmurf said:

What's the point in buying a car in the vain hope that it will increase in value? Buy it, drive it, fix it till you can't fix it anymore and then scrap it. A vehicle loses value by just leaving the forecourt.

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The good thing with 2nd hand defenders is they dont really lose any money like normal cars.
i paid 4.3k for my 90 over 8yrs ago and still reckon its worth 4.3k
I paid 12k for my D3 4.5 yrs ago and reckon it might be worth 6k if the buyer squinted a bit!

lynall said:

i paid 4.3k for my 90 over 8yrs ago and still reckon its worth 4.3k

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Unfortunately, the 4.3 k is now only worth what 3.5k was worth 8 years ago.

The old Defender will be worth more if the new Defender is crap at being a Defender.

Turboman said:

Unfortunately, the 4.3 k is now only worth what 3.5k was worth 8 years ago.

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So even if its lost 800 quid in 8 years, thats still a bargain as my D3 has lost at least that each and every year, the D3 was old when I bought it so just imagine what a D5 is depreciating at each year!

lynall said:

So even if its lost 800 quid in 8 years, thats still a bargain as my D3 has lost at least that each and every year, the D3 was old when I bought it so just imagine what a D5 is depreciating at each year!

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New cars are much more of a financial disaster than old ones, that is for sure.

Indeed they are, l run a 110 TD5 for my business and it’s still worth more than l paid for it five years ago, despite having nearly 60,000 more miles on the clock.

My last van lost £10,000 in six years. The 110 costs more to run but not THAT much more!

I reckon l am £10,000 better of than if l had bought another new van in 2014 rather than the 110.

And l have had a lot more fun with the Defender than with a Transit van

lightning said:

Indeed they are, l run a 110 TD5 for my business and it’s still worth more than l paid for it five years ago, despite having nearly 60,000 more miles on the clock.

My last van lost £10,000 in six years. The 110 costs more to run but not THAT much more!

I reckon l am £10,000 better of than if l had bought another new van in 2014 rather than the 110.

And l have had a lot more fun with the Defender than with a Transit van

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Nice to see an appearance lightening, thought you had retired from here, god bless