Range Rovers (New Models) Depreciation
Discussion
I think the new shape RR is a little difficult to really grasph depreciation yet, Saxton have a '22 8k mile FFRR D300 they've been trying to sell for two months at £113k vs dealer's new price of £125k (Excluding any difference in potential added extras).
The Defender 90 seems to be holding up against depreciation far stronger than the 110, but if going for something of this size I'd always be wanting the 110 regardless.
There seems to be a lot more stock immediately available, compared with this time last year when the order books were rammed and buyers were flipping new cars for healthy premiums - I don't know if that's increased supply, buyers remorse or cautious buyers holding off with the current uncertainty but the supply seems to be increasing beyond demand.
The Defender 90 seems to be holding up against depreciation far stronger than the 110, but if going for something of this size I'd always be wanting the 110 regardless.
There seems to be a lot more stock immediately available, compared with this time last year when the order books were rammed and buyers were flipping new cars for healthy premiums - I don't know if that's increased supply, buyers remorse or cautious buyers holding off with the current uncertainty but the supply seems to be increasing beyond demand.
Just caught the tail end of R4 today, they were talking to JLR and they are coming out with fully electrified versions of RR/RRS in the next year or two.
Would it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
Would it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
swiftguy said:
Just caught the tail end of R4 today, they were talking to JLR and they are coming out with fully electrified versions of RR/RRS in the next year or two.
Would it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
The issue would be firstly getting a dealer to take your order and put you on a wait list, assuming you don't have a history of buying cars from them because such cars will be in high demand from their regular customers who are serial purchasers, secondly if you can get an order in for early delivery once you flip it you will be blacklisted by the dealers from any future purchases, that may or may not bother youWould it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
swiftguy said:
Just caught the tail end of R4 today, they were talking to JLR and they are coming out with fully electrified versions of RR/RRS in the next year or two.
Would it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
Every man and his dog have been trying at this for the last few years, as noted above you'll likely get black listed, that's IF you can find a dealer to take your order.Would it follow a similar lines early cars can make a nice tidy profit?, thinking a nice return on investment, rather than getting a paltry interest in a bank. Have never bought a new car before, typically just buy 3yr old cars around the £15k mark.
You're talking about financing a £120k+ car in the hopes of being able to flip it, it's a lot of money to be on the hook for if it doesn't work out and even a 5% loss would be a kick in the teeth. If I was in the right circles and buying a car to flip, the only thing I'd currently be considering is a Purosangue and I definitely don't have the purchase history to be able to get a dealer to take an order on one of those
Thanks @jamescrs and @J1990 - Thanks for the info, I didn't know any of that - yes it would seem obvious that a dealer would give 1st dibs to it's best customers rather than some unknown.
Tbh I probably wouldn't flip, it would be just a case of being able to drive something nice that doesn't depreciate like a lead balloon. Prob would keep a year or two if not much on depreciation. Have turned 50 recently, have been thinking of spoiling myself once in my life, but just can't seem to bring myself to buying anything nice as the depreciation scares the crap out of me.
Tbh I probably wouldn't flip, it would be just a case of being able to drive something nice that doesn't depreciate like a lead balloon. Prob would keep a year or two if not much on depreciation. Have turned 50 recently, have been thinking of spoiling myself once in my life, but just can't seem to bring myself to buying anything nice as the depreciation scares the crap out of me.
swiftguy said:
Thanks @jamescrs and @J1990 - Thanks for the info, I didn't know any of that - yes it would seem obvious that a dealer would give 1st dibs to it's best customers rather than some unknown.
Tbh I probably wouldn't flip, it would be just a case of being able to drive something nice that doesn't depreciate like a lead balloon. Prob would keep a year or two if not much on depreciation. Have turned 50 recently, have been thinking of spoiling myself once in my life, but just can't seem to bring myself to buying anything nice as the depreciation scares the crap out of me.
I believe the main dealers have been asking customers to sign an agreement which states they will keep the car for a minimum 6 months, or sell it back to the supplying dealer so you should be ok with your thought process, in terms of avoiding black listing. Tbh I probably wouldn't flip, it would be just a case of being able to drive something nice that doesn't depreciate like a lead balloon. Prob would keep a year or two if not much on depreciation. Have turned 50 recently, have been thinking of spoiling myself once in my life, but just can't seem to bring myself to buying anything nice as the depreciation scares the crap out of me.
They do typically when a new model is released release a first edition type model which may attract a premium further down the line so may be something to look out for if you can get on a wait list.
Jamescrs said:
I believe the main dealers have been asking customers to sign an agreement which states they will keep the car for a minimum 6 months, or sell it back to the supplying dealer so you should be ok with your thought process, in terms of avoiding black listing.
They do typically when a new model is released release a first edition type model which may attract a premium further down the line so may be something to look out for if you can get on a wait list.
excellent advice, thank youThey do typically when a new model is released release a first edition type model which may attract a premium further down the line so may be something to look out for if you can get on a wait list.
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