Residual values in Australia

[DaveB]

It's also really really to change vehicles nowadays.

Over 90% of new vehicles are bought on a finance package, you just go to your G Wagen dealer and they give you a monthly cost including taking the IG in part exchange. (For example)

Agree, I have owned so many vehicles but usually for 3-5 years and then move onto the next one.
This one for me will hopefully be a 20 year vehicle.
Unless I die sooner of course.

 

[CRH]

I tend to keep my vehicles for around 8-10 years, current longest we have is years old and no thought to sell. I wasn't worried about depreciation as intending to keep as long as UK government allows us plebs to have a diesel vehicle. When forced to electric I will hopefully be too old to bother.
Resale was high to start due to lack of availability and early orders making money on price increases but was always going to drop as it's a new unknown brand with specialist audience. The real off roaders and farmers are always going to wait until they are old and cheap as they will get abused and at the current prices is a very difficult thing to do.
I bought mine intending to do some more difficult UK green lanes than I could in my Freelander and the first thing the wife said was 'your not spending that much on a car and going green lanning in it'.
As yet I haven't, waiting for all the warnings to be fixed but as soon as they are I'll be using it properly, but not driving round off road quarries and recking it.
In Australia and USA, the lack of dealers will probably affect depreciation where as the Toyotas have them everywhere. When there are the Service centres and the manuals then the residuals will be better.

 

[NQ94]

In Australia as long as parts and repairs are not excessively priced, there is not too many issues as the cars get older with higher milage and independent workshops can easily source parts and access diagnostics on Grenadiers and QM once out of warranty the cars should hold resale well, even with the lack of dealers.

 

[Tom D]

In Australia as long as parts and repairs are not excessively priced, there is not too many issues as the cars get older with higher milage and independent workshops can easily source parts and access diagnostics on Grenadiers and QM once out of warranty the cars should hold resale well, even with the lack of dealers.

Especially if they pull their finger out and get the manuals out. I think they should have open sourced everything, it’s not like they have any proprietary tech to protect. I think that business model would be hugely successful, even if you’re not a home mechanic if your local garage had access to a full workshop manual and could order they parts they need from a warehouse that would be a huge selling point.