Should I keep or sell
Submitted: Sunday, Mar 23, 2014 at 00:02
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Member - Bruce B5
Hi all
would like advice on my 1998fzj105r 4.5 Litres. It is petrol and gas live axle Toyota Landcruiser. it has 367000 K.L.M I am thinking of selling it as it is getting on in age& starting to need some repairs on it. Is it better to spend money on it or up date it. I was thinking of a twin cab ute 4x4 the hand brake said it would be better to spend the money on it because we own it if we did up date we will have to finance the new one
Thanks for your feed back Bruce B.
Reply By: Robin Miller - Sunday, Mar 23, 2014 at 09:54
Sunday, Mar 23, 2014 at 09:54
Not a lot of info there Bruce but a new $50 ute will probably loose 10K in first year while the $50k will generate a couple of G's in interest.
Depreciation is by far the biggest expensive on newish cars - while fuel cost is around 20% of newish car running costs, so a car that only uses 1/2 the fuel would only save you very roughly $2-3 k if you do 20k a year.
Sometimes though you just want a new car and sometimes people don't want to play with things and leave it up to service department.
Only you know the relative importance of those things.
For me though , if your still do lots of 4wding then you already have a great car.
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Follow Up By: Member - Bruce B5 - Sunday, Mar 23, 2014 at 16:18
Sunday, Mar 23, 2014 at 16:18
Hi Robin
I brought the cruiser with about 259 776klm on it in 2008 & since then I have done normal oil & filter replacements tune ups the most dear item was the radiator I put this in my self with new fan& a/c belts on it in wa when I was there.At this time the power steer is leaking & had quotes of up to $ 1600.00 to fix it March this year.This is way I am thinking of selling it is this just the start of more money to spend on it I know one has a crystal ball.
Thank you Robin
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Reply By: Mudguard - Monday, Mar 24, 2014 at 00:55
Monday, Mar 24, 2014 at 00:55
Hi BruceB5
Our first 4wd was a new 84 Nissan 720 D/cab Diesel had that for 13yrs and did some pretty hard trips with the kids & towing a camper trailer, next was a new 98 GU Patrol 2.8 Tdi over the years it became heavily modified and we've travelled nearly all the big
treks CSR, Cape,
Steep point etc, its done 335000 now and been
WELL looked after but age & corrugations are starting to take its toll even put RECARO seats in but then our insurance company had a fit because the replacement value of all the acc was more than the 4wd was worth! With your 4wd having an easy go you could just redo all
suspension bushes, even upgrade/change to turbo Diesel, seats etc it would work out cheaper than buying say a new Jeep Grand Cherokee V6 Diesel (which is what we did) cheers
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