State-of-the-market for pre-owned Defenders
#71
10-11-2023 | 04:43 PM
4wd Low
Joined: Sep 2023
Posts: 10
Likes: 7
#72
10-11-2023 | 04:44 PM
Drifting
Joined: Jul 2023
Posts: 34
Likes: 15
I feel that if you paid $56,500 back in July 2023 (feeling you could have gone lower), you would be hard pressed to get more than $50 in a trade today. Prices are really plummeting on the Defenders, especially the ones falling out of warranty due to miles or years in 2024. I say this against my own interest, since mine is one of those running out of warranty next year. Just out of curiosity, I filled in an appraisal sheet in Vroom these days, and they are offering $50k on my 110 P400 SE with 36kmiles. I feel my car is worth way more than that, but this is the reality for LRs in general.
For example, I recently sold a 2016 Q5 for $13,200 to a private party. Along with a second offer near that price. The places that purchase cars outright offered ~$6,500.
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swajames (10-11-2023)
#73
10-11-2023 | 06:32 PM
Drifting
Joined: Jul 2023
Posts: 25
Likes: 26
From: Washington, DC
I’m not sure why you’re mentioning trade in values in relation to my post. I typically spend the time selling my vehicles on my own. So yeah, of course a person would take an even bigger hit for the convenience of either doing a trade or selling outright through Carvana and the like.
For example, I recently sold a 2016 Q5 for $13,200 to a private party. Along with a second offer near that price. The places that purchase cars outright offered ~$6,500.
For example, I recently sold a 2016 Q5 for $13,200 to a private party. Along with a second offer near that price. The places that purchase cars outright offered ~$6,500.
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