Depreciation
The depreciation graph and accompanying table on our page detail how the 1997 LAND ROVER DEFENDER's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 1997 LAND ROVER DEFENDER in 1997 was $84,953.
The average price for used 1997 LAND ROVER DEFENDER nowadays in 2024 is $98,000 which is 115% from the original price.
Estimated mileage driven per year is 5,562 miles.
The graph below is a depreciation curve for 1997 LAND ROVER DEFENDER. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 1997 LAND ROVER DEFENDER in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 1997 MSRP | 0 mi | $84,953 | — | — | 100% | 0% |
| 1997 | 5,562 mi | $81,994 | +$2,959 | +3.48% | 96.52% | 3.48% |
| 1998 | 11,124 mi | $77,004 | +$4,990 | +6.09% | 90.64% | 9.36% |
| 1999 | 16,686 mi | $64,988 | +$12,016 | +15.6% | 76.5% | 23.5% |
| 2000 | 22,248 mi | $56,975 | +$8,013 | +12.33% | 67.07% | 32.93% |
| 2001 | 27,810 mi | $54,613 | +$2,362 | +4.15% | 64.29% | 35.71% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LAND ROVER DEFENDER’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 1997 LAND ROVER DEFENDER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1997 LAND ROVER DEFENDER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $129,500 | 21 sales |
| 15,000 mi | $117,985 | 39 sales |
| 20,000 mi | $136,250 | 20 sales |
| 25,000 mi | $108,000 | 52 sales |
| 30,000 mi | $106,000 | 130 sales |
| 35,000 mi | $106,000 | 56 sales |
| 40,000 mi | $89,500 | 62 sales |
| 45,000 mi | $79,500 | 45 sales |
| 50,000 mi | $99,450 | 44 sales |
| 60,000 mi | $104,500 | 31 sales |
| 65,000 mi | $96,795 | 54 sales |
| 70,000 mi | $97,900 | 40 sales |
| 75,000 mi | $82,496 | 36 sales |
| 80,000 mi | $89,985 | 34 sales |
| 85,000 mi | $69,995 | 92 sales |
| 90,000 mi | $76,950 | 82 sales |
| 95,000 mi | $69,900 | 39 sales |
| 100,000 mi | $84,900 | 25 sales |
| 105,000 mi | $75,990 | 31 sales |
| 110,000 mi | $73,475 | 10 sales |
| 115,000 mi | $82,991 | 52 sales |
| 120,000 mi | $68,000 | 17 sales |
| 145,000 mi | $73,150 | 12 sales |
| 150,000 mi | $75,000 | 11 sales |
Frequently asked questions
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Depreciation directly affects the resale value of a 1997 LAND ROVER DEFENDER, with faster depreciating vehicles typically having lower resale values over time.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Other years of LAND ROVER DEFENDER
1980 LAND ROVER DEFENDER
330+ sales records
1988 LAND ROVER DEFENDER
$79,980 average used price
200+ sales records
1991 LAND ROVER DEFENDER
$83,950 average used price
530+ sales records
1993 LAND ROVER DEFENDER
$89,994 average used price
670+ sales records
1996 LAND ROVER DEFENDER
$73,799 average used price
120+ sales records
2021 LAND ROVER DEFENDER
$56,975 average used price
9,200+ sales records
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