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Home > My Freelander 2 > Long term owner and staying that way, but new to the forum |
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SouthamFL2 Member Since: 08 Jan 2019 Location: Banbury Borders Posts: 432 |
Welcome!
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9th Mar 2019 8:45 am |
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Largered Member Since: 10 Jul 2016 Location: UK Posts: 1978 |
To be fair, the FL2 did have lots of Software problems at its launch, which were later resolved in production. It was always said 'launched TOO early"
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9th Mar 2019 9:10 am |
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dorsetfreelander Member Since: 20 Jul 2013 Location: Dorset Posts: 4354 |
An interesting story but don't be seduced into thinking that replacing the engine (and not with a new one I guess) will make the car go for another 177000 miles trouble free as there are lots of other things to wear out. Basically you should replace a car when the annual depreciation is about the same as the annual maintenance costs. However I agree about what to replace it with. I was in the LR dealers yesterday and can't see myself laying out this sort of money for a DS and with the Ingenium oil dilution and balance shaft issues I will only buy petrol from now on which is another £3k. So for now I am just filling in the paperwork for an extended warranty on my FL2.
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9th Mar 2019 9:12 am |
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Jack frost Member Since: 21 Dec 2011 Location: UK Posts: 796 |
And two years down the line after you have parted with £41,291 the same dealer will offer you somewhere around £25,000 part exchange |
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9th Mar 2019 9:40 am |
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Worms Member Since: 31 Oct 2017 Location: Highlands Posts: 635 |
Not sure I would agree with that. No point in getting rid of a good car that has stopped depreciating and costing very little to maintain. I’d suggest the equation is more like : Replace IF(utilityNew-(depreciationNew+MaintenceNew))>(utilityOld-(depreciationOld+MaintenanceOld)) 2005 D3 2.7 Auto Previously: 2010 MY FL2 TD4e GS - Now gone at 199,500 miles, about 135,000 of them mine. ‘93 Defender 110 200TDi CSW ‘87 Defender 90 4 cyl Petrol ‘83 110 CSW V8 - best ever! Range Rover 2-door V8 (not sure of year - 4-speed box and vacuum diff switch) Series III SWB Diesel |
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9th Mar 2019 10:04 am |
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dorsetfreelander Member Since: 20 Jul 2013 Location: Dorset Posts: 4354 |
Don't forget that depreciation will level out asymptotically to zero eventually and at a level just above the scrap value whereas maintenance costs will always increase exponentially with time. 3 x FL1 2 manual + 1 auto
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9th Mar 2019 10:10 am |
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Worms Member Since: 31 Oct 2017 Location: Highlands Posts: 635 |
Absolutely, but we’ve just been through this on a 16 year old Golf Tdi. At that age, it is clearly not depreciating. It has needed no repairs over the last year until it recently needed a new radiator hose. Servicing costs are lower than on any modern replacement and running costs are broadly comparable. So, is it worth replacing a hose on a 16 year-old car? Using your approach, the answer would be no, since maintenance is greater than depreciation. But, at least in the short-term, the question for me was “Do I spend c£100 on a repair or c£10,000 on replacing the car”? “Utility” is the over-riding element, though, as there is a value to us in having an old, compact, robust, manual car for my son to learn to drive in. “Utility” also comes into it for those above, valuing aspects of the FL2 over a shiny new DS. 2005 D3 2.7 Auto
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9th Mar 2019 10:40 am |
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SYFL2 Member Since: 16 Jun 2012 Location: Sheffield Posts: 2597 |
I’ve got Reo Speedwagon on the stereo here Follow My Heart is playing the chorus goes should I follow my head or follow my heart,I think the OP knows which one,good luck and thanks for joining in the forum,it’s a pretty good place this is |
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9th Mar 2019 11:03 am |
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dorsetfreelander Member Since: 20 Jul 2013 Location: Dorset Posts: 4354 |
When depreciation reaches zero then the true comparison is between it's current (scrap?) value versus the cost of repair. Most cars are worth a few hundred £ as long as they go and have an MOT but a few years ago my son bought an old Ford Fiesta for £100 as a runabout to get him to work over the summer. It had 4 months MOT which was fine for him but when MOT time came in October it failed and would have cost £300 to get it through so he scrapped it. There is another issue of course which is reliability and if your job involves a lot of travel and depends on having a reliable car then that's a different story. 3 x FL1 2 manual + 1 auto 5 x FL2 4 manual + 1 auto Now Discovery Sport P250 MHEV SE |
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9th Mar 2019 11:15 am |
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ronp Member Since: 15 Jun 2009 Location: 🌲Galloway🌲 Posts: 1477 |
With that kind of background I can't help but wonder why it's only now that you've joined the forum. You could've been a "forum stalwart" by now with your love of the FL2. Anyway, enjoy the forum and I hope you get your engine issue sorted, we're always here to comment/advise/laugh (& even ridicule from the odd member). FL2 now gone and have a couple of items left for sale:- Brodit active iPhone holder + Brodit dash clip, Bluetooth Music Streaming Module. |
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9th Mar 2019 11:45 am |
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SYFL2 Member Since: 16 Jun 2012 Location: Sheffield Posts: 2597 |
Ridicule ?
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9th Mar 2019 12:32 pm |
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Largered Member Since: 10 Jul 2016 Location: UK Posts: 1978 |
" ........ You could've been a "forum stalwart" by now ......... "
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9th Mar 2019 4:11 pm |
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Deafender Member Since: 09 Mar 2019 Location: Buckingham Posts: 98 |
Hi to everyone who's replied... nice welcome and thanks!
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9th Mar 2019 4:19 pm |
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Deafender Member Since: 09 Mar 2019 Location: Buckingham Posts: 98 |
Quite agree, I went through the same thought process myself... our circumstances are all different so we'll all have varied considerations on these... I got the chap sorting out the exchange engine (correct, not a brand new engine) to replace the cambelt, LPT, air con compressor, water pump, steering pump, diesel injectors and other bits I can't even recall now, much cheaper in labour costs to do all at once with the engine on the bench, rather than individually afterwards with the engine in the car - bills for all those bits were in the post, so to speak, for sure.... In addition, it had just got five new Continental tyres two weeks before and a new windscreen two DAYS before the engine disintegration... ... Add to that the new rear end (Bumpers, tailgate, exhaust ..) plus the front bumper, grill and radiator from it's two prangs in the previous three years, and this one is a bit like the proverbial "trigger's broom - it's had four new heads and five new handles, but is still the same broom." With a dead engine it was certainly worth a few quid as spares, but the £4,500 bill all in for all this isn't so drastic when it's all weighed up, particularly when compared to the upgrade to a Disco Sport (DS) I'd considered, which I reckon would have cost me at least double... and as has been seen, that DS isn't without it's issues with only a third of the mileage on it than my FL2 has... and no warranty at that age either... Ultimately, I don't know what else I'd want to own at present, which also made the decision easy. I must try and hook up with someone and try out the big-engined petrol version of the FL2, I'd bet that is a joy to drive too... I might be persuaded to upgrade on one of those later on!! Lexus RX450H - 500 mile a week commuter- I just couldn’t trust in a newer RRS or DS for that…. 2009 Freelander 2 HSE... 155K miles, we’ve done 135k of those, has done brilliantly on the commute and staying firmly put as car two in the household 2002 Jaguar XK8 Coupe... fun, fast, ours for 12 years and owes us nothing - so staying with us too… |
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9th Mar 2019 4:56 pm |
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