Also, remember a lot of banks nowadays will not verify cashier's checks. Weird, but I had that happen many times at my business when verifying a cashier's check in not an option.

 

I really appreciate everyone’s feedback. I put it through KBB just to see. Dealers in the SF Bay Area are currently playing it safe. They’ll list my car for high 70’s but are offering low 60’s. I’ve noticed dealer’s work to get 15k room in the margins, and that’s playing out. Hilariously, a Ford Dealer offered the most, much more than every LR dealer.

My 24 is immaculate with just 13k miles. MSRP was 87+k. I’d rather keep it than hand it off for a pittance as I don’t need to sell it. I haven’t checked with Carmax yet.

 

As you know, time is money. So how much is your time worth? For me, I sell to Carmax, Carvana, etc. just so all I have to do shoot off a couple emails and pick the best offer. You could get lucky with a private party, but my experience is many hours invested and potential buyers being a real pain in the ***. If you really don't need to sell, get a couple on-line quotes then make your determination.

Luckily, I plan on keeping my Defender quite a while.

 

I like to think that I have time within time scheduled for other activities, so I spend a few minutes here and there reaching out and having short conversations as the opportunity presents itself. I’ll try caravan and see where they are at. I just had my highest offer….and it’s pathetic. 63k. lol, not even tempted.

 

Ok, Carvana just came in 2.6k higher at 65.6k. Still too low for me to do it. Perhaps Carmax will do better.

 

Gotcha. Just remember, holding the Defender is like holding a stock with no potential of it ever going up in value. I'm assuming you've lost interest in the Defender. I've been in that situation with sports cars before and taken fairly significant losses. But I realized that loss had already been "realized" whether I liked it or not. So, I decided to cut my losses and sell. "Hard Love"

 

Yeah, I’ve been there too and I recognize sunk costs. However, I haven’t lost interest in my Defender. I love it every time I get in the drivers seat. I was interested in exploring the value proposition and see if there was a value I would be happy with. So far, the answer is no. It’s all good.

 

Luxury SUV's are amongst the worst depreciating vehicles on the road. The average depreciation for vehicles is 20% in the 1st year. This isn't COVID/Supply chain times - people need to stop thinking that vehicles are appreciating assets.

Just be happy its not electric, or it'd be even worse.

 

Hi, H1Tad, yes, we all know about depreciating lux vehicles and that covid values have passed. I don’t see anyone here advocating for the idea that vehicles are appreciating assets. We all understand that basic reality. Thanks though.

 

The EV depreciation is insane. Earlier this year one of my friends picked up an off-lease 2022 Taycan 4S with 37k miles with just about every performance and convenience option. No accidents, and a clean title. He paid $54k and the sticker price was $139k new. Porsches are notorious for holding their value, but not the Taycan, and they're struggling to sell the new Macan Electric. Me personally, depreciation doesn't bother me that much - I don't buy cars as investments, but I couldn't imagine losing $85k in three years. This is why you lease an EV.