Land Cruiser is a name in the stable of Toyota that is one of the most iconic SUVs ever produced.
You would be shocked to know that the price of the used Toyota Land Cruiser after 1.5 lakh kilometres is even more than what the original one used to cost! Land Cruiser is an iconic name in automobile history. It was first introduced in 1951 under the moniker J20. After 4 years of being in production, J30 was launched in 1955, while J40 was launched in 1960 with minor improvements in terms of overall design and capabilities. The last-gen 2017 model was launched in India at Rs 1.30 Crore. But that model is being sold for Rs 1.35 Crore after having driven over 1.5 lakh kilometres 5 years later.
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Used Toyota Land Cruiser Costs More Than New
The detailed video has been curated by carversal on YouTube. Its host makes informative videos around automobiles. In this video, he has brought an interesting observation to the table. Currently, a 5-year-old model is being sold for more than what it was originally launched at. This is bizarre in every sense. To explain the reason behind it, the YouTuber goes into the history of the vehicle. This starts from the J20 in 1951 to LC300 in 2022.
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Toyota has been smartly upgrading it over the course of 7 decades. First of all, it has equipped the Land Cruiser with an incredibly reliable and rugged engine. The components are also adequately designed and manufactured so that they run more than the life of the vehicle itself. With that strong foundation, Toyota cleverly keeps updating the aesthetics and interior to accommodate a better exterior design and some new convenience features. Essentially, the vehicle remains the same apart from a few aesthetic changes.
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Hence, the older model remains in demand since people don’t like to spend a huge premium on minor updates. As a result, the older models don’t lose their resale values at all. This is especially true when compared to other premium luxury vehicles that lose their value incredibly quickly. Since the 2022 model is currently on sale, the last-ten 2017 model is in demand in the used car market. It costs around Rs 1.35 Crore, while the 2022 model has an ex-showroom price of Rs 2.10 Crore. Therefore, people don’t want to spend such a huge premium and are rather buying the 2017 model at Rs 1.35 Crore happily.
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