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| Gareth Member Since: 12 Dec 2011 Location: Woodford Posts: 1115  
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I bought my D4 outright in 2013. HSE Lux wasn’t cheap at the time. It was my work car until I retired in 2018. I sold it privately for £14200. This was more than the dealer offered me.
I had it for nearly 8 years, it had 119k on it. Average depreciation worked out at £5200 per annum, or £437 per month. Yes it was heavily loaded towards the first 3 years depreciation wise. If I had pcp’d it, it would have cost me much more. I don’t think I could have made that up by investing the capital elsewhere. I have bought the Defender outright, and intend to keep it for as long as I can. My mileage will be much lower, so if the value at 3 years is acceptable I could be tempted out of it. Also it depends what happens with developing ev, fuel cell, or whatever technology. Like it or not, we will all be made to go that way eventually, and it will be the tax system that is used, and that might ultimately affect the value of cars. 2021 Defender 110 X-Dynamic HSE D300 MHEV 1966 S2a 109 aka Betsy |
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10th Jan 2021 2:30pm |
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| SN Member Since: 29 Jun 2007 Location: SK6 Posts: 729 |
That's very similar to my plan.... my salesman was talking about "I'll call you in three years to swap you into your next one" but stopped when I said "I may well just buy it outright at that point..." - he stopped at that point  Steve N | 21MY Defender  | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history) |
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10th Jan 2021 4:47pm |
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| J77 Member Since: 04 Nov 2019 Location: Fife Posts: 3425 
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I usually swap but I think this one might stay as it’s getting nearer 2030 by the time it’s paid for so may end up with some EV sh3t box. 24MY 90 D250 HSE, Tasman Blue
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10th Jan 2021 5:10pm |
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| Tim in Scotland Member Since: 23 May 2007 Location: The Land that time forgot Posts: 3753 
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I bought mine outright too, I retired in March 2020 and it’s the first car in more than 20 years I’ve bought outright. Pangea Green D250 90 HSE with Air Suspension, Off-road Pack, Towing Pack, Black Contrast roof , rear recovery eyes, Front bash plate, Classic flaps all round, extended wheel arch kit and a few bits from PowerfulUK Expel Clear Gloss PPF to come
2020 D240 1st Edition in Pangea Green with Acorn interior. Now gone - old faithful, no mechanical issues whatsoever ever but the leaks and rattles all over the place won’t be missed! |
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10th Jan 2021 6:06pm |
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| Birdy Member Since: 07 Oct 2011 Location: Côte d'Azur Posts: 871  
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"I honestly don’t believe my kids will ever buy a car outright in their lifetimes and I’d argue that’s better use of hard earned cash"
I bought each of my three kids a brand new car (Kia Picanto, Skoda Fabia, VW Up! respectively) after they'd learnt to drive on old bangers (a Punto that was given to me 'cos it had failed its MOT and a Fiesta) and thrashed 'em for a year. The eldest PX'd the Picanto for a Nissan Juke on lease and has had two new SUVs since, the other two will lease when their own cars become unreliable. They'll NEVER invest long-term, on the basis that anything bought now will sooner rather than later be obsolete or illegal to drive in cities. They're not wrong, much as I'd love another (New) Defender I fear that in a couple of years the ones being marketed now won't be able to be given away. And as for worrying about what's under the bonnet of a 21st century vehicle, the days of DIY tinkering on the drive or in the garage are long gone. Peter |
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10th Jan 2021 9:33pm |
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| SN Member Since: 29 Jun 2007 Location: SK6 Posts: 729 |
In some ways this is why a PCP with a balloon makes sense, as it protects you if the bottom drops out of market...
...as it did at end of 2008 when I was at the end of 3 year PCP on my first D3 - I simply gave it back because it was worth £4K less than the balloon payment. (And a nice double whammy for me, the next D3 came with a huge discount because LR couldn't sell a new or nearly new car for love nor money at that point) - win win. Steve N | 21MY Defender | 08MY Discovery 3 (history) | 06MY Discovery 3 (ancient history) |
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10th Jan 2021 11:12pm |
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| mse Member Since: 06 Apr 2008 Location: UK Posts: 5059  
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I doubt they will use the tax system on ice cars...history shows they don’t tend to do that (think tax on say a 2000 car v a new one) congestion charges are the only thing and with more ev the problem will change and go away
It will be ages before ev becomes a thing and even further before they flood a second hand market and then I seriously question issues with batteries at 5-10yrs + which creates long term problems for those who buy much older cars (plus I don’t believe ev is the long term way to go) I know the hype drives it though...there will still be a lot of the world not on ev...if we can ever go anywhere Mike |
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10th Jan 2021 11:36pm |
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