Selling Discoveries?

[Spyder]

I was just wondering if it's easy to sell a Disco. I just bought mine a month ago, just wondering how easy it would be to sell it when the time comes. Is there a lot of interest for Discos with high mileage? Or are they merely a source for parts? Any thoughts would be interesting.

 

[Glenn_Guinto]

I'm sorry to be the one to tell you this, but Discos (LRs in general, outside of the 90 and 110) suck at keeping their resale value. Look in the classifieds or in eBay. D2s purchased upwards of $35K when new 2 - 3 years ago are going for $10K-$15K all day long. D1s, early 94-95 can be had for less than $5K for a high mileage example. RRCs are a dime a dozen (except for the 95 LWB).

 

[Leslie]

Yep

Glenn's right. They've taken a hit in price, especially as gas prices go further upward. And, as newer models come out, the older ones really drop.... the earlier Rangies are now two models back, and, with the LR3 coming out, the original Discos are going to be two models back, too.

However, they're still solid vehicles, not ready to be parted out. They'll be cheap, yet competent, off-roaders. Less electrics than the new ones, more mechanical, you can work on it on your own, etc......



FWIW....



-L

 

[utahdog2003]

Resale aint too bad In my neck of the woods. You regularly see DIIs on car lots with advertised prices higher than those of comparably equipped Tahoes and Expeditions. If you expect resale on par with the 90-110 then you'll be disappointed, but considering the popularity of leasing new vehicles, and the resulting glut of used cars in the marketplace because of the leasing trend, then LRs are holding their own.

on the For Sale page right now..."1995 Discovery for sale. 113K Miles located in suburban Detroit, MI. $7500 OBO." Compared to a fella I know who is selling his '94 Explorer 4x4 with similar miles...$2500...now THAT's crappy resale value!

 

[Glenn_Guinto]

..."1995 Discovery for sale. 113K Miles located in suburban Detroit, MI. $7500 OBO." Compared to a fella I know who is selling his '94 Explorer 4x4 with similar miles...$2500...now THAT's crappy resale value!

First off, I think that 95 Disco is a bit on the high-side. You gotta remember too that the MSRP of that 94 Explorer was probably in the high teens $21K tops. The Disco started in the $28K range all the way to the $30s back then.

 

[utahdog2003]

even still...lets say the DI is only worth 5 grand now, and was 35000 when new like the current Disco, then that means it's worth 14% of the original value. The Explorer, at 21000 new and 2500 now is 12%.

Disco still comes out on top, and no DI was ever $35000, while the 2500 Explorer Eddie was much more than your estimate of 21000 when new...owner says $24000.

I'm not saying they hold their values great, just that they do pretty well compared to lots of generic stuff out there.

 

[kellymoe]

I would't be thinking of resale value at all. You will never come close to recovering the cost. I have had my 94 D1 for 9 years now and kind of look at it as a car I just need to keep going. I try not to put alot of money into it but it has been reliable for almost 10 years of ownership, I just keep changing the oil and brakes. I think the best value 4x4 right now are late 80's early 90's RRC. I had an 88 RR and it was by far the best stock off roader I have owned even better than my 94 D90 and my D130 I have now. Just try and look at Land Rovers as running project cars and it will help soften the blow of the money you end up putting into them.

 

[Glenn_Guinto]

Well, if you wanna split hairs....

I guess we can throw numbers at each other till we're blue in the face, but the sad reality is, they suck at holding on to their retail value. Especially compared to comparable imports, say the Toyota LC or the Nissan Pathfinder.

As far as Spyder's question is concerned, don't bank on the resale, it is VERY disappointing.

 

[utahdog2003]

I'll agree with that! If you compare the Disco to the TLC, then you will shed some tears for sure.

Around Jax-FL it seems to be the M-Class that has little market.

 

[bri]

I think that this debate about LR losing their value more or less when compared to all other 4x4 is a crock. There will be isolated incidents where it is true, but most of the time a well maintained Disco is worth just as much as a comparable vehicle in year and wear.

The only argument is comparing ANY 4x4 resale value to any 4x4 Toyota. The Toyotas hold their value much better.

Now, if you are talking of like dollar amout (the TLC is actually toward the RR end of pricing), there are really just a few of like class to the Disco. For example Explorer, Expedition, Cherokee and Grand Cherokee. All of which suck just as bad for resale as a Disco.

Trust me, I know I a bundle on my new '95 Disco back then and my neighbors '95 Grand Cherokee almost identical in price is worth no more than my Disco.

Now what does this really tell you? I should tell you to NEVER buy a new vehicle.

Brian

PS: Forgot to mention, that it WAS around the $35k mark.

 

[Spyder]

Wow, thanks for the replies. I agree resale value is terrible especially if you buy it brand new. I guess as long as nothing breaks now, I will get good deal out of this. I bought a 97 SE. Wish me luck!! Knock on wood too.

 

[LiveAtTheEdge]

good luck, may you have more good times than bad in your discovery, Greatest vehicle on the plannet.

Cheers

Jack

 

[Discojunky]

Spyder, You did the right thing buying one used they are not worth buying new unless you plan on keeping it and keeping up the maint. But when you get a good used one you save big bucks and IF you don't like it ( and I can't see how you won't) you can sell em' fast because they are hard to find by those who want them. LR brings in very few Disco's compared to ford, chevy and toyota that have millions floating around every town in America.

 

[GregFrench]

I was going through this same thing recently (like, today) then realized something...

Why would you want to sell it?