L322 Newer Vs Older Dilemma?
Discussion
Hi all,
I briefly had a tatty old L322 last year which i sold and now badly need another.
I currently have a BMW 635d for day to day which is good, but i miss the driving experience of the RR (ride quality on air suspension + high up visibility)
So i have decided to get another at some point in the next couple of months.
I did have a few issues spring up on my old L322 - so my thoughts was to get a new (ish) model - an 11 plate 4.4 TDV8 - and trade in the 635d and pay the difference. The benefit is that i would have a newer car + warranty so hopefully would be able to enjoy the experience more without worrying about any niggles and faults.
The issues is - i just went into a main dealer and looked at a lovely 11 plate, black with ivory leather - but it is £36k. In the car park was an 03 supercharged, probably cost somewhere between 9-12k and pretty much 9/10ths of the newer vehicle for much less money?
So - should i trade in the 6 series for a newer model + warranty.
Or buy an older supercharged, to be run alongside the 635d (which could handle the boring stuff) and then if it breaks just pay to get it fixed at a decent indie. My man maths is telling me it may be just as cheap (if not cheaper) to buy and run the 2 cars together in terms of depreciation etc compared to the depreciation on a newer one - and to be honest i love the looks of the older supercharged.
Hmmm.. What would you do?
I briefly had a tatty old L322 last year which i sold and now badly need another.
I currently have a BMW 635d for day to day which is good, but i miss the driving experience of the RR (ride quality on air suspension + high up visibility)
So i have decided to get another at some point in the next couple of months.
I did have a few issues spring up on my old L322 - so my thoughts was to get a new (ish) model - an 11 plate 4.4 TDV8 - and trade in the 635d and pay the difference. The benefit is that i would have a newer car + warranty so hopefully would be able to enjoy the experience more without worrying about any niggles and faults.
The issues is - i just went into a main dealer and looked at a lovely 11 plate, black with ivory leather - but it is £36k. In the car park was an 03 supercharged, probably cost somewhere between 9-12k and pretty much 9/10ths of the newer vehicle for much less money?
So - should i trade in the 6 series for a newer model + warranty.
Or buy an older supercharged, to be run alongside the 635d (which could handle the boring stuff) and then if it breaks just pay to get it fixed at a decent indie. My man maths is telling me it may be just as cheap (if not cheaper) to buy and run the 2 cars together in terms of depreciation etc compared to the depreciation on a newer one - and to be honest i love the looks of the older supercharged.
Hmmm.. What would you do?
Hi I am a serial Range Rover owner. Started with a p38, then at least 3 more up to the one I have at the moment.
07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
Hi I am a serial Range Rover owner. Started with a p38, then at least 3 more up to the one I have at the moment.
07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
CMJ said:
Hi I am a serial Range Rover owner. Started with a p38, then at least 3 more up to the one I have at the moment.
07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
Very interesting indeed and thanks for the reply. 07 tdv8 125,000 miles. Yes things need to be replaced and repaired but I would argue no more that any other Range Rover. I bought the car 4 years ago for circa £20k. To get the equivalent car today on a 11 plate would cost north of £30k. Go figure ? That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
My other car is a 640 d gran coupe which is costing me a lot. Therefore my decision is to sit tight and not change the RR because I can't afford it or I can do other things with the money.
So what I am coming to is that logic, sense and financial constraints would say go for the older vehicle. However emotions and ability to afford the upgrade would say get the newer vehicle. Every other bit of man maths / logic applied is just justifying your decision.
If it helps a newer car is better than an older one. Is it £20k better that's the million dollar question.
So you bought yours for 20k now worth 10k - not bad at 2.5k per year. A 35k model assuming 20% per year depreciation would be worth 15k after the same 4 years which is 5k per year - not as good. But then factor in maintenance costs...
Interesting to see you are running a 640d also - that would be my other option upgrade the 635 for a 640 but i digress...I don't expect my 635d to depreciate alot it seems to be towards the bottom of the curve having shed close to 50k from new (gladly not me losing that!) So i'd be happy to stick with the 635 as it's really cheap to run in terms of mpg + depreciation and is seeming to be very reliable / a good all rounder - the perfect antidote to a L322!
Do you tend to drive your RR or 640 more out of interest? Have you considered changing the 640 + current RR for a new RR?
Edited by trowelhead on Thursday 25th June 19:58
CMJ said:
That's £10k more than I paid 4 years ago. So, as you say you get 9/10s of the car for one third of the price. This is based on my current RR being worth around £10k. So like you do I change ?
Oh and to come back to this point - this is the key. If i was you - probably not for another few years. It is just too hard to justify the 20k extra for perhaps a 10% better car.The 11 plate looked great, but the 03 supercharged sat in the car park certainly didn't look 1/3rd of the car if that makes sense? Plus i'd be more inclined to take an older car off road without worrying too much about breaking it!
trowelhead said:
Hi all,
I briefly had a tatty old L322 last year which i sold and now badly need another.
I currently have a BMW 635d for day to day which is good, but i miss the driving experience of the RR (ride quality on air suspension + high up visibility)
So i have decided to get another at some point in the next couple of months.
I did have a few issues spring up on my old L322 - so my thoughts was to get a new (ish) model - an 11 plate 4.4 TDV8 - and trade in the 635d and pay the difference. The benefit is that i would have a newer car + warranty so hopefully would be able to enjoy the experience more without worrying about any niggles and faults.
The issues is - i just went into a main dealer and looked at a lovely 11 plate, black with ivory leather - but it is £36k. In the car park was an 03 supercharged, probably cost somewhere between 9-12k and pretty much 9/10ths of the newer vehicle for much less money?
So - should i trade in the 6 series for a newer model + warranty.
Or buy an older supercharged, to be run alongside the 635d (which could handle the boring stuff) and then if it breaks just pay to get it fixed at a decent indie. My man maths is telling me it may be just as cheap (if not cheaper) to buy and run the 2 cars together in terms of depreciation etc compared to the depreciation on a newer one - and to be honest i love the looks of the older supercharged.
Hmmm.. What would you do?
Interesting as I too am thinking of buying (not new).I briefly had a tatty old L322 last year which i sold and now badly need another.
I currently have a BMW 635d for day to day which is good, but i miss the driving experience of the RR (ride quality on air suspension + high up visibility)
So i have decided to get another at some point in the next couple of months.
I did have a few issues spring up on my old L322 - so my thoughts was to get a new (ish) model - an 11 plate 4.4 TDV8 - and trade in the 635d and pay the difference. The benefit is that i would have a newer car + warranty so hopefully would be able to enjoy the experience more without worrying about any niggles and faults.
The issues is - i just went into a main dealer and looked at a lovely 11 plate, black with ivory leather - but it is £36k. In the car park was an 03 supercharged, probably cost somewhere between 9-12k and pretty much 9/10ths of the newer vehicle for much less money?
So - should i trade in the 6 series for a newer model + warranty.
Or buy an older supercharged, to be run alongside the 635d (which could handle the boring stuff) and then if it breaks just pay to get it fixed at a decent indie. My man maths is telling me it may be just as cheap (if not cheaper) to buy and run the 2 cars together in terms of depreciation etc compared to the depreciation on a newer one - and to be honest i love the looks of the older supercharged.
Hmmm.. What would you do?
If the 03 comes with the main dealer 2 year warranty then it seems like good value for money? I'd be inclined to go that route.
coetzeeh said:
Interesting as I too am thinking of buying (not new).
If the 03 comes with the main dealer 2 year warranty then it seems like good value for money? I'd be inclined to go that route.
No the 03 would need to be bought privately, the approved used scheme only seem to have models 2010 onwards...If the 03 comes with the main dealer 2 year warranty then it seems like good value for money? I'd be inclined to go that route.
The car I was referring to must have belonged to a customer / someone who works there...
Perhaps land rover would sell a warranty on an 03 vehicle bought privately if it was under 100k miles
I bought a 2006 TDV8 about 2 years ago, with just over 100K on the clock... it drove like new and I loved it!
I've used it as my daily driver since and put another 40K or so on it.
Every so often I think about replacing it and look at replacements up to 5 years old, but they all seem to start at 25K plus, and don't have half the bells and whistles my Vogue SE has.
I can't justify to myself spending 15K just to replace mine with a lower spec car with the only upside being a newer plate.
I made the decision to basically keep mine and have any issues sorted as they arise.
It's sat in the drive at the moment waiting for the new turbos to be fitted....
However, a couple of grand for new turbos is still way cheaper than buying a newer car and at least I know they've been done.
I'll only change it when I can either afford a newer style model, or decide it's time for something completely different.
I've used it as my daily driver since and put another 40K or so on it.
Every so often I think about replacing it and look at replacements up to 5 years old, but they all seem to start at 25K plus, and don't have half the bells and whistles my Vogue SE has.
I can't justify to myself spending 15K just to replace mine with a lower spec car with the only upside being a newer plate.
I made the decision to basically keep mine and have any issues sorted as they arise.
It's sat in the drive at the moment waiting for the new turbos to be fitted....
However, a couple of grand for new turbos is still way cheaper than buying a newer car and at least I know they've been done.I'll only change it when I can either afford a newer style model, or decide it's time for something completely different.
Piersman2 said:
I bought a 2006 TDV8 about 2 years ago, with just over 100K on the clock... it drove like new and I loved it!
I've used it as my daily driver since and put another 40K or so on it.
Every so often I think about replacing it and look at replacements up to 5 years old, but they all seem to start at 25K plus, and don't have half the bells and whistles my Vogue SE has.
I can't justify to myself spending 15K just to replace mine with a lower spec car with the only upside being a newer plate.
I made the decision to basically keep mine and have any issues sorted as they arise.
It's sat in the drive at the moment waiting for the new turbos to be fitted.... However, a couple of grand for new turbos is still way cheaper than buying a newer car and at least I know they've been done.
I'll only change it when I can either afford a newer style model, or decide it's time for something completely different.
Does yours have the cooled seats? Yes i wouldn't mind a 06 / 07 / 08 Vogue SE at all!I've used it as my daily driver since and put another 40K or so on it.
Every so often I think about replacing it and look at replacements up to 5 years old, but they all seem to start at 25K plus, and don't have half the bells and whistles my Vogue SE has.
I can't justify to myself spending 15K just to replace mine with a lower spec car with the only upside being a newer plate.
I made the decision to basically keep mine and have any issues sorted as they arise.
It's sat in the drive at the moment waiting for the new turbos to be fitted....
However, a couple of grand for new turbos is still way cheaper than buying a newer car and at least I know they've been done.I'll only change it when I can either afford a newer style model, or decide it's time for something completely different.
Perhaps i should just "risk it" with an older / higher miles and just pay the bills if and when they occur.
yep, cooling heating seats, deployable steps, full entertainment system - in rear as well, heated steering wheel, etc.... literally every extra possible. ok, in 40k miles it's had a couple of bigs bills, alternator £500, torque convertor £1500, and now turbos est £2000... but it's been a simply superb thing to drive around. I could spend another £10-20k... but then i could be spending money having things fixed on that.
Get the newer car. Yes it will cost more but LR will give you 2 or 3 years warranty, I also have MOT insurance on mine so I know exactly what it's going to cost. Newer car = more up to date, more developed & less wear and tear. These things can be ruinous if you get a bad one so get the best you can afford.
wormus said:
Get the newer car. Yes it will cost more but LR will give you 2 or 3 years warranty, I also have MOT insurance on mine so I know exactly what it's going to cost. Newer car = more up to date, more developed & less wear and tear. These things can be ruinous if you get a bad one so get the best you can afford.
Thanks for the advice. Warranty would be peace of mind.Stunning disco btw
Piersman2 said:
yep, cooling heating seats, deployable steps, full entertainment system - in rear as well, heated steering wheel, etc.... literally every extra possible. ok, in 40k miles it's had a couple of bigs bills, alternator £500, torque convertor £1500, and now turbos est £2000... but it's been a simply superb thing to drive around. I could spend another £10-20k... but then i could be spending money having things fixed on that.
Absolutely - those bills don't look too bad tbh. How long are those bills spread over in terms of years?The only thing to think about with the older one is the body work which will probably be starting to look tired at that age. I have a 53 plate L322 and it looks great until you start to get really close. A good hadn wash tends to let you really see that it's now started to go on the rear arches and tail gate. Only cost £500 to get them sorted but I think it's now getting to the point of a never ending battle as I look around the car there's lots of tiny bits of bubbling starting to appear around the door tops etc.
I'm about to replace with a 2008 supercharged with half the miles (which has just had it's tailgate resprayed!)
I'm about to replace with a 2008 supercharged with half the miles (which has just had it's tailgate resprayed!)
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