Land Rover Depreciation Is Brutal! (Used Defender)
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- Опубликовано: 6 сен 2024
- Today I drive and review a used Land Rover Defender!
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New Video - Ben Hardy buys a pre-owned Defender...........two months later........New Video - Why I'm getting rid of my pre-owned Defender.
If you buy a Land Rover Defender, you better defend yourself against the nasty depreciation and frequent breakdowns
We recently had a 2022 Defender 110 P300 with LR Approved 7 year CPO warranty and financed at 2.9% APR. Price of the suv was $49,750 with 12,000 miles. 5 seater, heated seats, ambient lighting, urban pack,terrain response 2. So far so good. and that 7 year CPO warranty from Landrover is great.
We have a 2019 Landrover Discovery "Yes Different Model" but 90k miles later only 2 Dead Batteries and Normal maintenance so far. Depreciation was a nightmare lol.
@@chinoyhouse8247That’s a great deal. I have a 20 defender about to run out of warranty. I wish I could find a deal like that. I was planning on buying a Landcruiser even though the Defender drives better, more powerful and looks better because of perceived reliability of Toyota which it seems is a myth. I’ve had 2 landcruisers and a GX which were more troublesome than my defender.
We recently had a 2022 Defender 110 P300 with LR Approved 7 year CPO warranty and financed at 2.9% APR. Price of the suv was $49,750 with 12,000 miles. 5 seater, heated seats, ambient lighting, urban pack,terrain response 2. So far so good. and that 7 year CPO warranty from Landrover is great. Btw, This is my first LR product and it feels and drive solid compared to out old 2020 Wrangler and out 2017 4runner limited. It is smooth, quiet and composed for some reason. It doesn’t sound hollow on the interior compared to other vehicles we’ve previously owned.
A used luxury car can make a completely different level of sense than buying one brand new. You have to be careful about which luxury car you choose because some luxury features can drive up the price of cost of maintenance (for example air suspension) but as long as you know what you are getting into they can make a really good used buy. They are often purchased brand new by the type of people who can afford to buy them, maintain them, and can afford to sell them as soon as they become yesterday's trend even though it's still a perfectly good vehicle. What is considered 'luxurious' changes every year and as a result some luxury cars from the past look downright silly as entry level cars eventually start to have the features which were groundbreaking and new in luxury cars from the past. I have heard of issues with the Ingenium line engine but that was years ago. Unfortunately I don't see a lot of customer feedback on these Ingenium engines.
Thing is, if I'm spending $70K on a vehicle, I'm gonna want to keep it for longer than the warranty period. And if I'm spending $70K, I should be able to rely on that vehicle not to constantly break and have issues. In any economical scenario you choose, spending more money for a product should net you higher quality goods. But when speaking about cars, manufacturers are charging stupid sums of money for what is essentially rolling garbage. They put lipstick on it, and some airbags, so it's pretty and soft, but it's still garbage. You would think this would mean nobody would buy their cars, right? Nope!! There are plenty of people who will buy those cars, at astronomically ridiculous prices, and then make excuses for why it's okay that these pieces of overpriced junk keep breaking down. Why is that? It's literally the definition of insanity. Now, brands who used to be synonymous with reliability are making increasingly unreliable vehicles and demanding increasingly stupid prices for them. Anybody else see the trend here? This is not helping anyone!! Stop buying overpriced junk, people, or that's exactly what manufacturers will keep making!!
"while it's under warranty" is all you need to say.
Hey , ben you sound like the wife and you are thinking about giving landrover another chance.😊😊😊.
You are trying real hard to convince yourself into another Defender😕😆. Buy what you like and want and go from there.
He really should get another Defender, I suggested a BMW X7 too, but Ben would probs be happier with the Defender
I remember when these first came out I priced a 2-door I6 and it came to like $90k🤣. I could buy a Willys wrangler AND a Mustang GT for that, both of which would be more reliable.
Just a heads up: the depreciation isn’t stopping on Land Rovers, and problems can keep coming. If you are looking at getting one, please make sure you are in warranty for the length of your intended ownership period. Otherwise these are lease and dump vehicles.
Well I would avoid these earlier Defenders cuz they might have a ton of problems, but I’ve heard the new ones should be solid, the facelift L405 Range Rover (2018-2022) is a solid bargain on the used car market, especially if you can find one certified pre-owned for a good price
Do an Alpha Romero Giulia
As someone that drove Defenders, Land Rover, Range Rovers quite frequently, they do drive extremely nice. We used them a lot in the city and occasionally offroad and they do pretty good, but we never bought them new. Even 20 years ago, these would take huge depreciation hits after the first 3 years. You coukd buy one off lease for 60% or more off. It was nomuse to buy them new since we were modifying them for our purpose, so after 35-40k miles, people dumped these and if you bought them from a golf resort or a UK government contract, you coukd get them even cheaper sometimes. In the UK these are way cheaper and since we drove right hand drive cars anyways, it worked.
Might as well wait for the new torquey Hybrid 4Runner. At least it might be reliable. The Range Rover will just end up in the shop
Might be reliable. New Toyota is not like the old Toyota.
@@husshardan3511new Toyota isn’t like the old Toyota yet it’s still FAR SUPERIOR to anything Land Dover currently puts out. I trust a first year tundra more than I trust the updated defender. That’s even after the new tundras have had their engines seize up completely 😂
CPO Defender X or the V8 is the way to go!! I also agree Lexus GX550 Overtrail+, Land Cruiser, New 4Runner nothing compare to Land Rover….you love it or hate it. I just love it! Go for it!
I’m convinced Ben NEEDS a 2025 Defender atp, no point in him looking at any other cars
CAUSE ITS CRAP….AS I SAID MANY TIMES BEFORE.
Reliability at its finest. That’s why 😅😅
my '23 P525 was $123k on the sticker....i think the KBB is like $97k right now. Thats bad, but its not terrible. With the LR V8 being on the chopping block, i hope it becomes a collectible lol
Brother at this point - buy it & be happy! Then in a year get rid of it
Or you can get a Land Cruiser (which yes I know you don’t want) use it for a year & then likely sell it for what you paid for. 😊
I’m not certain if you are trying to convince yourself or not but if you like it, I think you just found what vehicle you should get???
Maybe so, but 37,000mi is a lot for a year. My '23 X has 5,000mi. Prob worth a bit more. All is meaningless unless you need to sell. You are so correct though about comparisons with Lexus. The Defender is far more refined and ruggedly luxurious. I feel lucky to have owned such a nice vehicle as the Defender X, regardless of depreciation.
How about a Range Rover. L405 I think. Last gen. Can you get a CPO one of those?
People who complained about reliability never drove one. My neighbor has a 2014 Range Rover that was over $100K when new and he still has it with over 130,000 miles and never got stranded or had any major problems. I usually lease so reliability is not a concern but I can tell you that I never had a problem with them even though I put in the cheapest gas. The people who complain about these vehicles are not even in this tax bracket but they think their opinion matter.
Having recently recovered from a massive hail storm - I will never buy a vehicle that has so many little trim pieces again - so many little and expensive parts to replace - especially on the roof!
Insane Defender Ben !! ❤❤
crashy off road?
The warranty left over will not be enough and the cost of a new warranty is close enough to the downpayment for a new one. I love land rover but this is what it is.
I have a solution for you: Forget the internet trolls and buy another Defender!❤
Cool two Tone on the Defender that is awesome like it
Id get a 2 door green or blue
Can't wait for the next Defender is awesome/crap/the best offroader video tomorrow.
Haven't you learned from your experience. They're money pits.
Look a that smile 😎 follow your heart
Hey, Ben! Did I miss what year this particular Defender is? 😊
23’
@@BenHardyCarsstill unable to hear it @ 23’ 😢
for your self have you thought about a taho,caddy escalade,or the gmc version or even a jeep wagoneer you never seem to mention them
Depreciation is normal, just like it used to be before Covid times. The markets and price curves are finally adjusting again 📉
How much was it?
I am reading all these comments telling “I paid 70k $” I paid 50k $” I PAID FOR MINE 110 D300 X with all possible options… even 7 seats 150.000€!!! That is 162.000$! WTF WHERE AM I LIVING! Btw I am from Croatia 😂😂😂
JLR brand changed parents so many times because they are beautiful vehicles with most unreliable engines and transmission under the Sun 🌞. I would even buy a TATA vehicles than having a British heritage brand owned by Indian Brand TATA!
Actually the 4.4 and 4.2 engines were rock solid. A lot of tranny problem were caused by JLR claiming the transmissions were sealed for life, when the transmission maker was saying service every 75,000km. If you buy these vehicles, get a good diagnostic tool like icarsoft, you can then ascertain what the fault is and possibly even cancel the nuisance faults yourself.
No one wants to own these outside of warranty 😅
What a shame, and you have nobody to blame but the company itself. It’s a beautifully design vehicle all of them. But the cost of ownership and depreciation is what keeps me from buying another one
I told you that when you were selling your Defender.
great looking vehicle to go to grocery store maybe?
Guess I’m simple. I’d rather have a low mile used Trx than a Defender.
Discovery!!!!
I love the looks of these, I really do but I just keep on thinking its the vehicle version of a high maintenance girlfriend that in the end, will bleed you dry and leaving you with a broken heart, never to trust another ever again.
Dressed up bronco
Beautiful vehicles sadly reliability is crap.
An over priced vehicle built for grocery shopping on a rainy day!
If you buy a Land Rover defender, you likely have a lot of money and don’t care about the depreciation
44k miles no issues, except driver side speaker rattling.
Lol there crap sold and sold again now owend bye jaguar and they are horrible and expensive to fix .
R&M is very high , its not very reliable, I would never buy any Land Rover vehicles . For the high price there are much better options out there.
One of the most unreliable vehicles on the planet.
Unreliable, expensive to service, . Ill pass
Breaks up with girlfriend because she has imperfections, "upgrades" then runs into ex girlfriend and finds he's still madly in love with her because "perfect" doesn't exist, but she was perfect for him.
Good analogy, except that in my personal experience, the ex-girlfriend has already moved on and now has a new boyfriend--I guess we could say Ben's first Defender is with another owner but unlike an ex-girlfriend, you can still find the same make and model as your prior vehicle, and maybe a nicer one!
@@Jmaninaz1 🤣