Cost Of Ownership?
Discussion
Guys,
I've been looking into Range Rover's for a while now and it seems prices are falling and falling fast. They've become so cheap at that it almost seems rude not to, right?
Thinking with my head and not my heart for a moment, what kind of ownership costs would I be looking at per year to run a beast like this?
I'd be doing roughly 6,000 miles a year tops and after some research, doesn't seem to warrant the need for an LPG conversion.
Thanks.
I've been looking into Range Rover's for a while now and it seems prices are falling and falling fast. They've become so cheap at that it almost seems rude not to, right?
Thinking with my head and not my heart for a moment, what kind of ownership costs would I be looking at per year to run a beast like this?
I'd be doing roughly 6,000 miles a year tops and after some research, doesn't seem to warrant the need for an LPG conversion.
Thanks.
At 6,000 miles per year, definitely don't do an LPG conversion.
You will get on average 380 miles per tank (you will go over 400 if a lot of motorway & flowing A road stuff). Therefore, you will use roughly 15 tanks of fuel per year at an average fill up of £90. Therefore, you will spend roughly £1,400 on fuel over the year.
Make sure the front diff replacement has been done. If not, whip it into a LR dealer & get it sorted foc.
You will get on average 380 miles per tank (you will go over 400 if a lot of motorway & flowing A road stuff). Therefore, you will use roughly 15 tanks of fuel per year at an average fill up of £90. Therefore, you will spend roughly £1,400 on fuel over the year.
Make sure the front diff replacement has been done. If not, whip it into a LR dealer & get it sorted foc.
There is an adage which goes along the lines of, "If you can't afford to run a new one, you can't afford to run a second hand one". Not strictly true as my 996 has been the cheapest car to run that I've ever owned (not counting insurance). Rangies on the other hand are not cheap motors. Forgetting the mpg arguments and whether or not LPG is worth it (if you're planning to do 6000 miles per year, probably not), if you get a good one and a good specialist, they shouldn't cost much more than a mid size BMW or Audi to run.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
Edited by JW911 on Thursday 6th November 09:33
JW911 said:
There is an adage which goes along the lines of, "If you can't afford to run a new one, you can't afford to run a second hand one". Not strictly true as my 996 has been the cheapest car to run that I've ever owned (not counting insurance). Rangies on the other hand are not cheap motors. Forgetting the mpg arguments and whether or not LPG is worth it (if you're planning to do 6000 miles per year, probably not), if you get a good one and a good specialist, they shouldn't cost much more than a mid size BMW or Audi to run.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
This man speaks the truth.However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
Edited by JW911 on Thursday 6th November 09:33
When I bought mine, I wasn't happy with the gearbox so got it changed under warranty from the LR dealer. Now, I get my Indy to replace the oil at every other service.
JW911 said:
There is an adage which goes along the lines of, "If you can't afford to run a new one, you can't afford to run a second hand one". Not strictly true as my 996 has been the cheapest car to run that I've ever owned (not counting insurance). Rangies on the other hand are not cheap motors. Forgetting the mpg arguments and whether or not LPG is worth it (if you're planning to do 6000 miles per year, probably not), if you get a good one and a good specialist, they shouldn't cost much more than a mid size BMW or Audi to run.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
JW911,However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
Edited by JW911 on Thursday 6th November 09:33
Thanks for the response.
I understand what you're saying regarding it's still at the end of the day a £70k motor and will cost the same to run regardless of the purchase price. However, for the money, I can't come up with a vehicle that can cope and cope well on any given terrain, I can drive with the same comfort at a Bentley and fill it with four burly men and kit for trips down to Le Mans and the like. On paper, the Range Rover seems to be a truly spectacular car and will be a great daily workhorse.
It's clear that they aren't going to be particulary cheap to run; tax, petrol, insurance etc stop that! I'm just looking at roughly what it's going to cost per year to run and if they're any common problems.
You summed it up brilliantly.
Thanks.
Ballin' said:
JW911 said:
There is an adage which goes along the lines of, "If you can't afford to run a new one, you can't afford to run a second hand one". Not strictly true as my 996 has been the cheapest car to run that I've ever owned (not counting insurance). Rangies on the other hand are not cheap motors. Forgetting the mpg arguments and whether or not LPG is worth it (if you're planning to do 6000 miles per year, probably not), if you get a good one and a good specialist, they shouldn't cost much more than a mid size BMW or Audi to run.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
JW911,However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
Edited by JW911 on Thursday 6th November 09:33
Thanks for the response.
I understand what you're saying regarding it's still at the end of the day a £70k motor and will cost the same to run regardless of the purchase price. However, for the money, I can't come up with a vehicle that can cope and cope well on any given terrain, I can drive with the same comfort at a Bentley and fill it with four burly men and kit for trips down to Le Mans and the like. On paper, the Range Rover seems to be a truly spectacular car and will be a great daily workhorse.
It's clear that they aren't going to be particulary cheap to run; tax, petrol, insurance etc stop that! I'm just looking at roughly what it's going to cost per year to run and if they're any common problems.
You summed it up brilliantly.
Thanks.
It is equally at home wafting either my family or clients around the countryside in serene comfort, or going out for a Sunday morning Green Lane blast with some of my neighbours in the village.
My 4.4 V8 costs me about £500 / year for fully comp, business travel insurance (I am 34 with no points in the last 5 years).
When I bought it in January, I paid £20k from a main dealer for it (04 reg with 30k miles). It seemed like a bargain then, but they have taken a price hammering over past 9 months. However, so impressed are we with it, that we have decided to keep the RR indefinitely & eventually relegate it to dump run / camping / general purpose car.
It is quite true when people say they are the most luxurious car this side of a Bentley.
If you're handy with a set of spanners there's no real need to see the inside of a dealership again. Perceived re-sale value aside, you're going to be quids in not having to fork out £700+ every oil change.
The service light can be reset via the dashboard and there's plenty of software available to interrogate the car's numerous ECUs if any of them throw a wobbly. The oily bits are fairly robust and the common failures well documented, so parts supply isn't an issue.
The cost of service items is on par with BMW and there pattern parts around for consumables.
You can be a pikey and still drive a well looked after Range Rover, I personally can't stand the thought of booking mine in for a routine service knowing full well there's nothing the techs are doing that couldn't be done on the driveway.
The service light can be reset via the dashboard and there's plenty of software available to interrogate the car's numerous ECUs if any of them throw a wobbly. The oily bits are fairly robust and the common failures well documented, so parts supply isn't an issue.
The cost of service items is on par with BMW and there pattern parts around for consumables.
You can be a pikey and still drive a well looked after Range Rover, I personally can't stand the thought of booking mine in for a routine service knowing full well there's nothing the techs are doing that couldn't be done on the driveway.
schmalex said:
Ballin' said:
JW911 said:
There is an adage which goes along the lines of, "If you can't afford to run a new one, you can't afford to run a second hand one". Not strictly true as my 996 has been the cheapest car to run that I've ever owned (not counting insurance). Rangies on the other hand are not cheap motors. Forgetting the mpg arguments and whether or not LPG is worth it (if you're planning to do 6000 miles per year, probably not), if you get a good one and a good specialist, they shouldn't cost much more than a mid size BMW or Audi to run.
However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
JW911,However, when they go wrong it tends to be fairly spectacular. The front diff issue is now being sorted by LR for free (which was around £2k) although a small number still suffer from alternator, gearbox and suspension issues. When you think that the alternator has it's own water-cooling system, the gearbox is a high/low ratio electronic five-speed auto and it has air suspension, you can probably see where I'm going.
The cars which are coming in under £10k will likely have high mileage and will have been well used. That's not automatically a bad thing but be aware that the gearboxes are a weak spot. LR says they are sealed for life, which they probably are although they're a bit vague as to how long "life" is. My specialist recommends changing the gearbox oil every other service as the boxes are not dissimilar to the ones in the P38, which required a change that often. The trouble is if you pick up a £9000 L322 with 90000 miles, even with a full LRSH can you be sure it's been treated properly?
Alternatively, if you go into it knowing that this is a possibility, you can set a couple of grand aside to put a new gearbox in if required and sit there smug in the knowledge that it'll still have cost you £12k when the bloke in the new one next to you saw his depreciate by £30k the instant he drove it out of the showroom.
Edited by JW911 on Thursday 6th November 09:33
Thanks for the response.
I understand what you're saying regarding it's still at the end of the day a £70k motor and will cost the same to run regardless of the purchase price. However, for the money, I can't come up with a vehicle that can cope and cope well on any given terrain, I can drive with the same comfort at a Bentley and fill it with four burly men and kit for trips down to Le Mans and the like. On paper, the Range Rover seems to be a truly spectacular car and will be a great daily workhorse.
It's clear that they aren't going to be particulary cheap to run; tax, petrol, insurance etc stop that! I'm just looking at roughly what it's going to cost per year to run and if they're any common problems.
You summed it up brilliantly.
Thanks.
It is equally at home wafting either my family or clients around the countryside in serene comfort, or going out for a Sunday morning Green Lane blast with some of my neighbours in the village.
My 4.4 V8 costs me about £500 / year for fully comp, business travel insurance (I am 34 with no points in the last 5 years).
When I bought it in January, I paid £20k from a main dealer for it (04 reg with 30k miles). It seemed like a bargain then, but they have taken a price hammering over past 9 months. However, so impressed are we with it, that we have decided to keep the RR indefinitely & eventually relegate it to dump run / camping / general purpose car.
It is quite true when people say they are the most luxurious car this side of a Bentley.
Thanks again for the response.
It's great to here from what sounds like ANOTHER very happy owner. Glad to hear that you bought one for a great price and I can fully understand the 'drive it until it dies' attitude, i'll be following that one.
Out of interest, have you ever taken it off-road for a blast? I'd love to on adventures around the countryside if I got one because, after all, that is what they're supposed to do!
I look forward to the day I can cruise down to Le Mans, knowing that i'm in perfect comfort, safety and got everything I could need for the trip with me.
I'm looking at the 4.4 Vogue V8 Supercharged, sounds like it shifts!
GKP- Unfortunately, i'm about as useful with a spanner as a chocolate teapot!
However, do have a friend who's a mechanic who i'm sure will be able to 'look after me'.Thanks again guys.
Ballin' said:
Chaps,
Brochure came through today, just about to have a browse through now.
All looks very professional, still, not sure whether or not it will tempt be to buy new.
Cheers.
Don't buy new unless you'r prepared for a 30% loss on leaving the showroom. A friend of mine has a RRS TDV8, bought new in March 08 at around £55k. You can now pick them up new for £45k and a dealer probably wouldn't offer much more than £30k for it. There are loads of great low mileage bargins out there just now including at main dealers. Brochure came through today, just about to have a browse through now.
All looks very professional, still, not sure whether or not it will tempt be to buy new.
Cheers.
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