50 mile NAS 90 - Defender Source
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  #1  
Old March 6th, 2014, 11:51 PM
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Ren Ching
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50 mile NAS 90

http://dougdemuro.jalopnik.com/here-...zer-1538016093
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Present:
1960 SII 109"- "Red Square"
1984 90 Tdi- "Yamelo"
1988 RRC- "Chewbacca"
1987 RRC- "Chewy 2"
2008 RRS SC- "The Supersofa"

Past:
1959 SII 88"- "The Little Green Beastie" last seen in NY
1972 SIII 88"- "GreenHELL" now in NC
1988 90 "Eric the Half a Bee" half a truck, sold for parts
1991 RRC- never got a name- long since recycled
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  #2  
Old March 7th, 2014, 12:06 AM
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Jason Lavender
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Looks like it's already creeping up to the $100K mark with 10 days left:
http://www.ebay.com/itm/380857931342...84.m1555.l2649
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'71 Series IIA
'88 127 #F96 DKN
'94 90 NAS #324
'06 LR3 HSE

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(10% discount for DSource members, use coupon code "D90")

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  #3  
Old March 7th, 2014, 12:14 AM
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I had to stop bidding at $90k. Don't want to have to sell my Lamborghini or my gold teeth. Lol. For $100k I'd rather have 3 nice 80-100k mile NAS defenders.
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  #4  
Old March 7th, 2014, 06:53 AM
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Quote:
Originally Posted by Ren Ching View Post
That article was funny as hell...

"Now, before I get started, it's important to provide a little history on the Land Rover Defender. While it's been available in Britain since the dawn of time (ancient tablets suggest that Hadrian's Wall was constructed on a summer afternoon using only two slaves and a Series II pickup), the Defender was only sold in the US from 1993 to 1997, with the exception of 1996, likely because – let's be honest here – Land Rover forgot.
"



.
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Just a few miles from 4x4 access!
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  #5  
Old March 7th, 2014, 10:03 AM
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Holy wow, that guy had the right idea, 100% return on investment in 17 years... I am sure that is out performing a lot of investments.
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  #6  
Old March 7th, 2014, 10:44 AM
bonefish4
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Not to rain on this parade, but maintaining a car like this for 17 years would have a real cost - guessing no less than $5k (just for the value of the storage). But to illustrate why this is not only not a good investment, but a terrible one (cars, for the most part, houses, not really investments, IMO). Let's say that in 1997 you decided to buy $50k worth of Apple stock instead of this little toy (investment). Assuming he gets $150k for the Defender, you would have only made slightly more than $5 million dollars more owning apple stock instead (and it would have cost nothing to maintain/store it).

Give me the 100k car you can take out and enjoy... (and some apple stock...)
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  #7  
Old March 7th, 2014, 10:59 AM
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thomas
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I wonder if it has had the cooler lines changed
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  #8  
Old March 7th, 2014, 11:27 AM
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Quote:
Originally Posted by tjfslaughter View Post
I wonder if it has had the cooler lines changed
same thing I thought...
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  #9  
Old March 7th, 2014, 11:46 AM
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Quote:
Originally Posted by bonefish4 View Post
Not to rain on this parade, but maintaining a car like this for 17 years would have a real cost - guessing no less than $5k (just for the value of the storage). But to illustrate why this is not only not a good investment, but a terrible one (cars, for the most part, houses, not really investments, IMO). Let's say that in 1997 you decided to buy $50k worth of Apple stock instead of this little toy (investment). Assuming he gets $150k for the Defender, you would have only made slightly more than $5 million dollars more owning apple stock instead (and it would have cost nothing to maintain/store it).

Give me the 100k car you can take out and enjoy... (and some apple stock...)
Lets say that hindsight is 20/20 and you knew to buy apple stock in 1997...

Seriously though I think we all know that most cars are bad investments, this guy rolled the dice and if he makes $60K in profit then, well, bravo.
I am not advocating it as a 401K substitute, but dismissing it entirely (as it has proven fruitful here) is like saying kids who put Babe Ruth cards in their bicycle spokes should've known better.
I imagine this gentleman had a diverse collection of cars (some he is making money on, some less so) but if he had the foresight and discipline to leave this car in a garage for 17 years I think its a pretty cool story
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  #10  
Old March 7th, 2014, 12:07 PM
brud
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I assume this is the owner....

Thomas W. Bassett, JD/CPA
Vice President, Tax Manager - East Region
The Commerce Trust Company
8000 Forsyth Blvd., 7th Floor
Saint Louis, Missouri 63105
Thomas.Bassett@CommerceBank.com
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  #11  
Old March 7th, 2014, 12:39 PM
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If I buy this, do you think Apple would swap me for $50k of 1997 stock? LOL
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  #12  
Old March 7th, 2014, 12:44 PM
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Chris
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Now where did all my bitcoins go?
Anyone?
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  #13  
Old March 7th, 2014, 01:13 PM
bonefish4
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Investment aside - I think it is a shame that no one has gotten to use this vehicle for 17 years.

Otherwise - agreed, it is a good story, and kudos to the collector who made the right call - if you were going to mothball a 1997 anything - this was a good choice. A 993 targa would have worked well too....
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  #14  
Old March 7th, 2014, 06:21 PM
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There's another thread for this Defender and dealer is asking $250k last I heard so will be interesting to see any questionable bidding knowing the reserve is $200k+
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  #15  
Old March 7th, 2014, 06:55 PM
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Wolf Fabrication
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I just can't see a D90 rolling across the auction block at Barrett Jackson or the others for anything more than $125k, no matter the miles.

I guess we'll see....
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  #16  
Old March 7th, 2014, 10:15 PM
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Quote:
Originally Posted by Wolf Fabrication View Post
I just can't see a D90 rolling across the auction block at Barrett Jackson or the others for anything more than $125k, no matter the miles. I guess we'll see....
I agree I actually think the value of this one is about that
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