Buying a Land Rover that has been on the road between one and two years can make sense although we all like the idea of having a new one and the feelings that come with that. I was advised against buying new Land Rovers by my own grandma many years ago. Her advice was to find a Land Rover that had not clocked up too many miles and was around two years old. Based on her thinking, any Land Rover I acquired should be running well and if there had been anything needing attention, this would already have been Land Roverried out.
Those guidelines are something I still follow today as they are reasonable and in buying an older Land Rover there are other considerations that bring weight to this argument. I will now examine the savings that can be made when you buy a Land Rover that has been on the road a while and yet still relatively new.
The fact that a new Land Rover’s value reduces by thousands once you have driven away from the Land Rover dealer is a factor you have maybe not thought about. Maybe you believe you have bought a Land Rover that is the best value for money if you paid $25,000 for instance but in reality you haven’t. As soon as you depart the Land Rover display room, a new valuation of $20,000 could be the asking price for your Land Rover. In fact for the period of that first journey you could have taken a hit of $5,000 and this occurred in just a few minutes of time.
Splash out on a new auto, if you think maybe I am actually being too alarmist here. If you do, simply travel in it straight to your home. In terms of how much your Land Rover would be worth the next day, just go back to where you bought the Land Rover and see how much they would be prepared to give you. Inside the space of a 24-hour period, you may learn that the Land Rover you paid $25,000 for has a proposed trade price in the range of $15,000 to $20,000.
In past times, this is simply how things worked in the trade. This is changing in some cases where there is a thirty day window to get a 100% trading in valuation for your Land Rover from the original dealer. Basically, after 30 days, you have still got to come to grips that you are looking at a loss of $5,000. This deficit could be greater if simply selling the Land Rover is something you are considering.
A two year old Land Rover will not suffer that kind of loss when you are purchasing it from a Land Rover dealer in the same way. If there have been issues with the Land Rover these should have already been solved as my grandmother originally stated. The value for money of a low mileage older Land Rover is greater than purchasing a new Land Rover from a dealer when you take all of this into consideration.
It is worth remembering these points whenever you are making Land Rover purchase decisions. You may need to forfeit the attraction of a new Land Rover to find yourself with the most cost effective transaction. Watch range rover rims.