Freelander 2 (LR2) (SD4 HSE 2012) likely depreciation over the next year - any ideas?

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TeddyBarb

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Location
Derbyshire
I have a much loved and cared for FL2 SD4 HSE (Jan '12) - had it since late 2012. Used for commuting in normal circumstances, but has only done 1500 miles (on new tyres) in the last 12 months due to the 'virus restrictions and my working from home. I planned to change to something newer in summer 2022, but with the 10 year service cost (£900 approx quoted by local independent) due next Jan I am debating whether to sell it now and bank the cash in the meantime rather than lose more money that I could put towards a new car. We have an LR4 also in the garage, which we're keeping hold of for a while yet, so 2 cars sitting there unused seems a bit daft. I am not likely to return to a commute until the end of the year.

I am trying to weigh up the financials really, between (trying to) sell it now and waiting until next Summer (when things are logistically easier) after another year's depreciation + expensive service. Trying to keep my heart out of it, as I do love the car but I don't want the uncertainty of a 10 yo car for the commute when I return to that.

Also not sure how easy it is to sell a vehicle right now though.
 
My late 2008 FL2 SE is worth about £5,600, and I don't plan on selling it any time soon.

Maintenance costs are just part of the way it is.

The advantage with the FL2, is depreciation is low, and currently there's a small increase in market prices, simply because there's very few new cars being bought, which is propping up the second hand market too.

The next thing is, if you plan to sell it, will the next vehicle hold its money as well as the FL2, if not then why change it in the first place.

I think the FL2 is a very good around vehicle, which has makes it difficult to better, especially for the amount it costs to maintain.

You can get a 10 year service done for much less than you've been quoted, literally half that costs, so there's some savings to be had there. ;)
 
Thanks for your reply. Food for thought. I think I need to ring around regarding the 10 year service costs. I had quite a bit of work done in 2019, when it went into limp mode due to a failing haldex unit, and I had the front suspension overhauled as the dealer found some filler where it shouldn't have been (a botch job from an earlier check I presume).
At least I know this vehicle's history.
 
If you've had the Haldex service done, then you only need the rear diff, PTU and gearbox fluids doing, and the timing belt. The timing belt is a 4 hour DIY job, if its the first time, or 2 to 2.5 hours for someone experienced, with all the equipment and 2 poster lift. The timing belt kit is under £100, so the job isn't or shouldn't be expensive, especially as a competent DIYer could do it easily in under half a day.
 
Thanks again - DIY is beyond us for sure, but I will run it by the local LR garage to check on the cost of what you highlighted above. It doesn't look as though depreciation is going to be too much of an issue over the next 12 months then, provided I keep on top of the maintenance.
My other half took the car out this morning, and tells me that the driver door lock only wouldn't work from the fob (until it then did) - the rest of the doors unlocked first time - and the interior light kept coming on whilst driving...gah! It looks as though I'll be paying out for repairs anyway!
 
The timing belt doesn't need to be done at an LR specialist, as the engine is a Ford/ PSA unit anyway, so basically anyone that can change the belt on a Ford Galaxy 2.2 or a Peugeot/ Citroën 2.2 diesel could do it, and would already have the timing locking tools for the job. ;)

It sounds like an impending issue with the driver's door lock, I've a rear door lock flagging a code at the moment.

It's best to get the codes read, as the door control module is capable of monitoring door locks, giving an early indication of an up coming issue.

If the interior light is coming on, then the Ipack LCD should be warning you that a door is open, and which one. The door open sensor is in the door lock assembly, so it could also be related to the driver door lock.
 
Price wont change much at that age. Price levels out after about 5 years with only a slight drop each year unless you add significant miles. The FL2 is still quite a nice setup and peeps still go for them even though they're no longer made. The SD4 in hse spec being one of the higher specs, it shouldn't be a problem to sell at market price any time
 
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