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The Future Looks Bleak For Values!!
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Dusty
 


Member Since: 23 Sep 2013
Location: London
Posts: 1022

United Kingdom 2015 Discovery 4 3.0 SDV6 HSE Auto Corris GreyDiscovery 4
The Future Looks Bleak For Values!!

Was deleting old emails today which included a few from WBAC. Out of interest got an up to date valuation.

As usual they sent through a txt to my mobile. As I tend not to delete them it was interesting to see how my D4 has lost valuation over the last year. Not good reading.

£28805 November 2018
£24410 March 2019
£22790 October 2019

Ok it’s covered 7k more miles and is a year older.

But that equates to a tad under under 21% depreciation in 12 months Big Cry Big Cry
 Discovery 4 HSE
SDV6
2015 
 
Post #209254515th Oct 2019 4:45 pm
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kajtzu
 


Member Since: 10 Aug 2017
Location: Helsinki
Posts: 6538

Finland 2005 Discovery 3 4.4 V8 HSE Auto Cairns BlueDiscovery 3

I guess euro 5?

I did something similar for the other car we have, a MY14 Volvo V70, as I was curious on real depreciation (= what someone would really pay). A year ago in the summer it was worth 25k eur, two days ago “between 18-19.5k on a good day and if you include both sets of wheels” Shocked
  
Post #209256215th Oct 2019 5:29 pm
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RDR
 


Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Corris GreyDiscovery 4

my old MY16 (euro 6) was dropping like a brick on WBAC went from £33k to £24k in 6 months and 8k miles. I got 5k more than that for it!

Dealer did enlighten me to WBAC, he said the price is also driven by what they are getting at auction for similar models so if they have a bad month your price will be reflective.
 MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV 


Last edited by RDR on 15th Oct 2019 5:45 pm. Edited 1 time in total 
Post #209256815th Oct 2019 5:41 pm
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Someone-Gone
 


Member Since: 21 Dec 2015
Location: Gone
Posts: 5117

United Kingdom 

I’ve found WBAC prices are normally more than your local main LR dealer, I kid you not!
  
Post #209256915th Oct 2019 5:42 pm
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RDR
 


Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Corris GreyDiscovery 4

They are on occasion dealer offered me £27k when WBAC offered me £33k for mine i tried to get them to price match but they wouldn't budge.
 MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV 
 
Post #209257115th Oct 2019 5:44 pm
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Charliecloud
 


Member Since: 31 Jul 2014
Location: Tonbridge
Posts: 980

United Kingdom 2005 Discovery 3 4.4 V8 HSE Auto Bonatti GreyDiscovery 3

I have used WBAC in the past. Before I retired I had a 330i estate that I used for work. I bought it with 25k and when I got rid it had 140k
WBAC offered me the best cash price and I took it. Just the usual Censored about stone chips.
He completely missed the fact that the bluetooth module and nav was Censored and was a £1.5k replacement Laughing
  
Post #209258015th Oct 2019 6:30 pm
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Red Merle
 


Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7438

United Kingdom 

It’s worth bearing in mind that car sales were a lot higher only two or three years ago, so there’s plenty of used stock coming into a market with a lot less buyers in it. The used values can only go down on that basis.

Just be glad that you’re not a dealership with a lot of used cars in stock - which brings another damper, when dealers want to sell what they’ve got and then only buy in new stock when they absolutely have to.
 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: FL2 as a second car

2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!) 
 
Post #209258715th Oct 2019 6:51 pm
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Slug
 


Member Since: 07 Feb 2012
Location: East Midlands
Posts: 346

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Auto Indus SilverDiscovery 4

The Dundonian wrote:
I’ve found WBAC prices are normally more than your local main LR dealer, I kid you not!


I'll second that. Dealers trade in values have been pretty poor from recent past experience.
Thumbs Up
 Still lurking, although moved to the dark side: disco5.co.uk
2019 D5 HSE
2019 Baby RR First Edition 
 
Post #209258915th Oct 2019 6:58 pm
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nigel207
 


Member Since: 26 Mar 2009
Location: Nottinghamshire
Posts: 1342

England 2016 Discovery 4 3.0 SDV6 Landmark LE Auto ZanzibarDiscovery 4

Aye, but I bet the thieving b’stards (sorry, poor little darlings) still want top price for their stuff? Whistle
  
Post #209259115th Oct 2019 7:01 pm
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RDR
 


Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Corris GreyDiscovery 4

My dealer commented when discussing my d4 they will be sending a lot of d3 and 4’s straight to auction when the 110 comes out. Getting them to standard and dealing with warranty just doesn’t stack up. Their thoughts are there will be a flood of d3/4’s hitting the market 2020 with the defender which will hit values.
 MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV 
 
Post #209259215th Oct 2019 7:02 pm
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Red Merle
 


Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7438

United Kingdom 

It’s as if no one that buys cars has to make a living out of selling any products or services!
 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: FL2 as a second car

2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!) 
 
Post #209259315th Oct 2019 7:05 pm
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Dusty
 


Member Since: 23 Sep 2013
Location: London
Posts: 1022

United Kingdom 2015 Discovery 4 3.0 SDV6 HSE Auto Corris GreyDiscovery 4

What is most frustrating is I bought it nearly new with very low mileage and it had already taken a £15k loss, admittedly that was from it’s list price. So I thought I would be minimising my hit, it appears not!!

First owner took a 25% hit and I’ve taken a potential 48% hit in less than 3 years on a vehicle that I purchased at a deflated price.

It would seem the best option available would be to keep it until it dies.

But of course as it’s a LR that could be tomorrow Big Cry
 Discovery 4 HSE
SDV6
2015 
 
Post #209259615th Oct 2019 7:12 pm
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RDR
 


Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Corris GreyDiscovery 4

I spent a long time deciding what to do either keep my d4 until it dies and ignore the residuals or jump ship. The deciding factor was tracking down my original d3 and agreeing a buyback plan. I will get it next year and look to convert it to EV.

In the meantime we have a van and d5 covering the d4 duties !
 MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV 
 
Post #209260415th Oct 2019 7:24 pm
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Red Merle
 


Member Since: 30 Aug 2014
Location: Liskeard
Posts: 7438

United Kingdom 

You’re all amateurs at this depreciation game; try buying a brand new high spec FFRR and add 35,000 miles pa to it, then you’ll know the true meaning of depreciation! Laughing

Best not to get too hung up on it and just enjoy the ride Thumbs Up
 2011 - 2015: 3 x FL2
2015 - 2017: 2 x D4
2017 to date: FFRR SDV8
2023 to date: FL2 as a second car

2021 to date: Hinckley built ‘14 Triumph Trophy 1200
2022 to date: Hinckley built ‘14 Triumph Trophy 1200 & sidecar!
(One of only two known to exist in the world!) 
 
Post #209260715th Oct 2019 7:32 pm
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RDR
 


Member Since: 24 Mar 2013
Location: Derbyshire
Posts: 2260

United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Corris GreyDiscovery 4

Well I bought swmbo a brand new d5 even after the 20% discount I’m not looking forward to trading it in for the 130 Laughing

Your right don’t get hung up Thumbs Up
 MY06 S - Gone but not forgotten
MY12 HSE - Gone
MY16 HSE Luxury - Sold
MY20 D5 HSE - Sold
Current RR L460 PHEV 
 
Post #209260915th Oct 2019 7:37 pm
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