Prado/Pajero depreciation/longevity

Submitted: Tuesday, Jan 31, 2012 at 18:31
ThreadID: 91579 Views:6733 Replies:7 FollowUps:3
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I'm looking to upgrade to a 2-3 year old Prado GLX (150 series) or a Pajero GLS. Planning to keep it for 15 years+ as we only do about 15,000kms a year (have a little runabout to take the bulk of the mileage). We tow a 750kg camper trailer 4 weeks a year, but it is the secondary vehicle for the rest of the year.

I've looked at 8 year old examples of the same vehicles (based on my driving mileage), and the $10k price premium on the Prado whittles away to a negligible amount. So depreciation wise, it seems the Prado depreciates more? Am I missing something? I seem to read all over the place that the Prado depreciates less, but are they talking about the first 3-5 years?

What's likely to have more problems once we're talking about 250,000kms? What problems can I expect with either vehicle at this age? Totally unscientific, but I notice more Mitsubishis with smoking exhausts and oil leaks than Toyotas. Is there any truth to this?
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Reply By: pickle - Tuesday, Jan 31, 2012 at 18:51

Tuesday, Jan 31, 2012 at 18:51
Sounds like need to buy a Prado.
AnswerID: 476494

Reply By: Member - Carlin - Tuesday, Jan 31, 2012 at 19:48

Tuesday, Jan 31, 2012 at 19:48
I bought a new Prado about 14 months ago. At the time I looked around at what used Prados were worth. These were 120 series and at around 5 years old were still holding around 65% of original purchase price. The 150 series only came out in late 2009 so they won't have a good sales history yet to judge resale value on.
AnswerID: 476503

Reply By: Notso - Tuesday, Jan 31, 2012 at 19:51

Tuesday, Jan 31, 2012 at 19:51
Our Van Club has about 5 members with Pajeros and they love em. Prados are overpriced for what you get. Hence the depreciation in value once they get up a bit.

More power more torque in the Paj.

I own a triton with basically the same motor, never had a leak and it doesn't smoke.

Like all the new common rail motors including the toyota Prado, look after it and it'll last.

AnswerID: 476504

Reply By: Member - Mark (Tamworth NSW) - Tuesday, Jan 31, 2012 at 20:49

Tuesday, Jan 31, 2012 at 20:49
I'm on my 2nd Pajero, the ultimate reason I went Paj 2nd time around is that I thought new they were better value than the Prado.
2nd Hand I thought Pajeros had less value than Prados, but I got howled down when I expressed that view on this forum.
I sold my 1st petrol Pajero at 200 000km, didn't have to do anything. My second a diesel is up to 215 000km the only thing needed to be done so far is the rear wheel bearings.
I'd be more influenced by whether I wanted petrol (Prado) Vs diesel (Paj), whether the long range tank was worth it and overall best buy 2nd hand. Prado Vs Pajero is the l;ast thing I would be considering. Both good vehicles.
AnswerID: 476516

Reply By: Wilko (Parkes NSW) - Tuesday, Jan 31, 2012 at 20:52

Tuesday, Jan 31, 2012 at 20:52
Hi Garbage,

I had a work Pajero for 4 years and think they are far superior on road and on good dirt roads then the Prado.

The only time the Prado beats the the Pajero is in 4wd low when it really gets tight.

Ride in a Pajero and you wont want a Prado.

The Prado seems to retain its value better though.

Cheers Wilko
AnswerID: 476518

Follow Up By: Madfisher - Tuesday, Jan 31, 2012 at 21:04

Tuesday, Jan 31, 2012 at 21:04
I have to agree Wilko, we run a couple of prados and the wallowing ride is a bit like an old yank tank. Took a paj for a a spin recently, much better over bonnet visability(well it could not be any worse then a 150) and it handled like a car and I prefered the firm well damped ride.
It would be interesting to try a Prado with suspension kit
Cheers Pete
FollowupID: 751615

Reply By: nsngood - Tuesday, Jan 31, 2012 at 21:19

Tuesday, Jan 31, 2012 at 21:19
Hi Garbage,
I think you should just be looking at what you get for your money now rather than worry about any depreciation. Realistically if you are going to keep your next vehicle for 15+ years and its already 2-3 years old you will probably find find that neither vehicle will be worth much at all.
I have worked on new vehicles for the last 20+ years going back to sigmas and whilst mostly working on mitsubishi's,i have worked on pretty well all makes, when asked i always have the same answer "Drive all the vehicles you are thinking of buying and get the one you feel most comfortable in"
Most vehicles quality is on par with each other these days. Yes there are some lemons out there (no matter the make)
Most importantly dont rush it, look at as many as you can handle, make a shortlist of things you want/need.
I am biased towards mitsubishi's but thats just my opinion, hard to beat the warranty length and service you get with warranty issues.
AnswerID: 476526

Reply By: Priscilla G - Wednesday, Feb 01, 2012 at 15:52

Wednesday, Feb 01, 2012 at 15:52
We have a 2 yr old ,new model Prado . Great vehicle if you stick to good roads but get prepared for all sorts of rattles/ noises if you travel on corrugations & the very rough country roads that we have. Trouble is ,can,t find the source of most of them.
AnswerID: 476585

Follow Up By: Kimba10 - Wednesday, Feb 01, 2012 at 22:01

Wednesday, Feb 01, 2012 at 22:01
Been 2 years old Priscilla its obviously a 150, possibly a kakadu ?? If you check out there is a post on there in regards to the rattles. It tells you where they are coming from and how to fix them. One bloke just got his back from annoying rattles in his kakadu and it was a few things but is 100% rattle free, it would want to be for 80 + grands worth..................
FollowupID: 751744

Follow Up By: Priscilla G - Thursday, Feb 02, 2012 at 11:20

Thursday, Feb 02, 2012 at 11:20
Have contributed to Pradopoint on this. Ours GXL. Have tried all solution bar the one where thekakadu was fixed.Other half a bit hard of hearing so doesn,t bother him.
FollowupID: 751777

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