I plan to have the car for 8+ years. So the fact that I can drive it where an Acura RDX can't go, that I don't look like a tool in an BMW X3, that I don't get lost in a parking lot looking for a Toyota RAV4 among the 1000s of other RAV4s (sorry for all the North America car names) and that I actually feel proud driving my vehicle is worth more than the current market value. Now, if I were forced to sell, I'd be pretty choked.

In fact, in North America you buy a Land Rover expecting that it will depreciate fast than your stock portfolio.

Was in the dealer today he told me my 57 GS TD4 was worth £13k but he'd give me £18 towards a £40,865 Disco SE. looks like i might be keeping the FL2 for a little while longer.

Rowy
57 GS Sumartra, Full Sport kit, 19in Shadow chromes, light smoke side repeaters

I'm with the keep it forever boys.
I learned my lesson 10 years ago. I bought A 3yr old C class merc, at the time, one of the lowest depreciating cars around. In 3 years it had only dropped from 26k to 19k.
I put an extended warranty on it, babied it and ran it for 2 years and 12,000 miles. When I took my showroom condition, still fully warrantied car round the dealers, looking for an upgrade, knowing that the showroom ticket price would be approx £14k, they very generously offered me.....£7,000.
Hence I now only buy nice cars I can keep forever.
Which is why I have an fl2.  07 Freelander 2 TD4SE Tambora Flame, side steps, privacy glass, mud flaps, boot liner and a tow bar. Ok it's the Wifes but she lets me drive it occasionally - if I've been good!

I've mentioned my lease costs elsewhere but just to add to this thread these are the figures in my car.

Current deal is a 30 month lease with a final value of £14,600 - I get first first refusal if I want it.

Same deal deal signed today would be worked around a 30 month value of ..... £9,100

Consequence of this a is 43% increase in monthly cost on the new deal ...

I think my next car will be a Fiesta Econotec !!! Stornoway Grey GS ... What a fine motor ... but not any more ... ... psst look at my gallery!
Company cars ... a thing of the past - May 2013.

Looks like I'm keeping mine a while too, It might pay to get Mrs G a little shopping car to save the fl2 too many local trips..its not like a second hand fiesta going to cost a whole lot at the moment is it? At work
At home

"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

avtur wrote:

I've mentioned my lease costs elsewhere but just to add to this thread these are the figures in my car.

Current deal is a 30 month lease with a final value of £14,600 - I get first first refusal if I want it.

Same deal deal signed today would be worked around a 30 month value of ..... £9,100

Consequence of this a is 43% increase in monthly cost on the new deal ...

I think my next car will be a Fiesta Econotec !!!

Ouch!!!!!

seen a couple of se's going cheap so thought id get a part ex on my 07 gs silver 21,000miles

one dealer offered me £11500 against £15344 so 3844 to change

other offered me £10k against £14960 so £4960 to change

quite depressing on a 16.5k motor 6 months ago
thats roughly £250 per week loss since i bought it.


oh well bah humbug n all that!

personal contract hire is the best way to go! 3 years of hassle free (not in my case) motoring and then hand the keys back and walk away - or if you love it so much ask for a purchase price and they will offer it to you, normally a little cheaper than a LR dealer (not difficult!).

A 2 year old £33K HSE Auto with bodykit is only fetching £17K at the stealers so they would probably only offer £14K tops in part ex. making a £19K difference which on contract hire would only have cost £14K thus you would have saved £5K plus not having to worry about resale values!!

avtur wrote:

Current deal is a 30 month lease with a final value of £14,600
Same deal deal signed today would be worked around a 30 month value of ..... £9,100

Consequence of this a is 43% increase in monthly cost on the new deal ...

Thats the point - PCPs were a good idea a while back (when we didn't know they would be) but they're not so good now. Hindsight and all that.
It's all an illusion anyway. Nothing is selling at the moment so the value of everything is depressed, so if things do recover (ok unlikely) values will rebound, especially as used FL2s will be thin on the ground.
If not, then ok, I'll get all for mine, but a) I'm not selling and b) if I did, I'd get an equivalently depressed price on a new one. Remember it's not what yours is worth that matters, it all about price to change, and I suspect that hasn't changed much. 07 Freelander 2 TD4SE Tambora Flame, side steps, privacy glass, mud flaps, boot liner and a tow bar. Ok it's the Wifes but she lets me drive it occasionally - if I've been good!

shilen wrote:

personal contract hire is the best way to go! 3 years of hassle free (not in my case) motoring and then hand the keys back and walk away - or if you love it so much ask for a purchase price and they will offer it to you, normally a little cheaper than a LR dealer (not difficult!).

A 2 year old £33K HSE Auto with bodykit is only fetching £17K at the stealers so they would probably only offer £14K tops in part ex. making a £19K difference which on contract hire would only have cost £14K thus you would have saved £5K plus not having to worry about resale values!!

chicken george wrote:

Looks like I'm keeping mine a while too, It might pay to get Mrs G a little shopping car to save the fl2 too many local trips..its not like a second hand fiesta going to cost a whole lot at the moment is it?

You think F2 is a heavy depreciator....... CHPR are now selling new RRS TDV8's for £13000 less than they cost last year! So just think what my annual drop in value has been in the last 15 months and 13750 miles! How can carbon have a footprint, it has no feet?
Now driving - RRE Coupe Dynamic Lux Auto with Plus pack, Fuji White, Ebony, SD4 with tow pack
Gone - 2010MY FFRR TDv8 Stornoway and Ivory, Privacy - the pace of a TDv8 RRS, the incomparable grace of a Range Rover
Gone but will be missed- RRS Tdv8 HSE Stornoway Grey with Ebony Leather
Gone (only a little missed) RRS Tdv6 2.7SE Giverny Green/Aspen
Defender 90 County HT in Epsom Green

You also have to take in account that if a dealer takes it back, he needs to make some money on it and he'll need some extra to compensate for the warranty he's giving.

Anyway, I didn't buy the car for what it's worth, I bought it for what it is. And sinse I'm selfemployed I get 1/3th back anyway. I can sell it cheap to my private self so I loose a lot less then a private owner.

My missus wants an Audi for our next car so I went in to get a brochure for her. While I was in there I thought I'd see what they said for a PX deal. They offered £15k for the car but I still owe £18k to settle on the PCP! They reckon I'll never get out of negative equity now until the end of the agreement. Luckily the GMFV was £13.5k after 3 years when I bought it so I'll be able to just walk away.

Terrible for a car 6 months old that cost £25k and only has 6000 on the clock losing £10k. Seems this LR deal where they now give you £5k off the lsit price of a FL2 as soon as you walk in the door has hit our residuals hard. 09MY FL2 Td4 XS, Style Pack, Privacy Glass, Martinique Blue.. oh so very blue..

Its not only used Freelanders that are worth nothing, I have called a few Land Rover dealers regarding taking out a new freelander & p/x my wifes M/Benz slk. We paid £24000 for the slk two years ago its now got 15000 miles on the clock best offer we have had is £12500 for it I am now going to run the slk into the ground & spend my cash on nice hols & toys car sales men need me more than i need them