New Range Rover

[Tifosi]

Does anyone know if premiums are being paid for the first of the New Range Rovers?

[camel_landy]

Eh???

I doubt you'll be able to haggle as demand is far outstripping supply... But that'll be at the dealerships.

However, people who have already put their name down for an early build slot might be selling for a profit.

M

[Tifosi]

Thanks for that. I meant that I have one of the first deliveries, so wondered if anyone was paying premiums for the first cars.

[krusty]

So you mean "Does anyone want to pay me £10K for my slot?"

[Triple7]

Tifosi said:

Thanks for that. I meant that I have one of the first deliveries, so wondered if anyone was paying premiums for the first cars.

I would go the other way. Buy the FFRR you want and run it for 18 months and sell it for minimal loss.

[Richales]

I'm in a similar situation in that I've got an early build slot but I've recently found out that my job is going to move to London mid next year so wont have a need for the RR. The last thing I want to do is loose a horrendous amount in depreciation and only have the enjoyment of the car for 6 months or so. Of course buying new is always going to suffer but what do people think it'll be like for the first 6 months of this new model which still seems very much in demand?

Question is to avoid this do I cancel the order (which I'm sure someone else will snap up quickly enough) or do I take delivery and hope that demand is still high in Aug/Sep 13 that I won't loose too much when I sell?

[whoami]

krusty said:

So you mean "Does anyone want to pay me £10K for my slot?"

[V8TVR]

Richales said:

I'm in a similar situation in that I've got an early build slot but I've recently found out that my job is going to move to London mid next year so wont have a need for the RR. The last thing I want to do is loose a horrendous amount in depreciation and only have the enjoyment of the car for 6 months or so. Of course buying new is always going to suffer but what do people think it'll be like for the first 6 months of this new model which still seems very much in demand?

Question is to avoid this do I cancel the order (which I'm sure someone else will snap up quickly enough) or do I take delivery and hope that demand is still high in Aug/Sep 13 that I won't loose too much when I sell?

you might be better off selling your deposit for small profit, there will be plenty of takers

[Phil.]

Triple7 said:

I would go the other way. Buy the FFRR you want and run it for 18 months and sell it for minimal loss.

Dream on. The new RR is priced £20k higher than the current RR and I recently bought a year old RR for more than £20k less than the new price.

[anonymous-user]

Phil. said:

Triple7 said:

I would go the other way. Buy the FFRR you want and run it for 18 months and sell it for minimal loss.

Dream on. The new RR is priced £20k higher than the current RR and I recently bought a year old RR for more than £20k less than the new price.

Ummm.... that's because the new one is coming. A year old car at 20k off new MSRP isn't a particularly good deal.

The new car will be in short supply for at least a year.

[Unemployed]

Tifosi said:

Does anyone know if premiums are being paid for the first of the New Range Rovers?

So we are led to believe that you've got to the position of being able to afford a brand new Range Rover without being able to work out if that premiums can't possibly be paid until cars are delivered (none have yet) or if it's likely when they do? Are you sure you've got one on order?

[seawise]

V8TVR said:

you might be better off selling your deposit for small profit, there will be plenty of takers

there is a very long list of depositers at most dealers in the south east, i am number 43 on the list at my dealer.

[Aeroresh]

Unemployed said:

So we are led to believe that you've got to the position of being able to afford a brand new Range Rover without being able to work out if that premiums can't possibly be paid until cars are delivered (none have yet) or if it's likely when they do? Are you sure you've got one on order?

Green-eyed monster strikes back!

I thought it was a genuine enough question.

I would guess that there may be a perceived premium being asked in the very short term but the market and economic climate is just not big enough to sustain inflated prices for long.

Would be dead easy to sell your slot though...I enquired a couple of weeks back and was told 2013 allocation already sold!

[TheDeadPrussian]

Richales said:

I'm in a similar situation in that I've got an early build slot but I've recently found out that my job is going to move to London mid next year so wont have a need for the RR. The last thing I want to do is loose a horrendous amount in depreciation and only have the enjoyment of the car for 6 months or so. Of course buying new is always going to suffer but what do people think it'll be like for the first 6 months of this new model which still seems very much in demand?

Question is to avoid this do I cancel the order (which I'm sure someone else will snap up quickly enough) or do I take delivery and hope that demand is still high in Aug/Sep 13 that I won't loose too much when I sell?

Hello Rich'

It’s a small world – it’s your old next door neighbour here!
The Evoque that we had did pretty well in terms of retention of value (demand continues to outstrip supply) and I would expect the new FFRR to be exactly the same. We have just sold the Evoque for pretty much what we paid for it (with the discount) 8 months ago…We practically had a dealer begging to buy it from us due to a shortage of stock.

You can either – sell your build slot and make a small profit as suggested above (this might prove problematic via the dealership I presume you are using) or hang on to it and hope it performs as well as the Evoque (as I suspect it might) in terms of depreciation.

I hope all is well – and congratulations on your news!

Regards,
Mark.

[Tifosi]

Aeroresh said:

Unemployed said:

So we are led to believe that you've got to the position of being able to afford a brand new Range Rover without being able to work out if that premiums can't possibly be paid until cars are delivered (none have yet) or if it's likely when they do? Are you sure you've got one on order?

Green-eyed monster strikes back!

I thought it was a genuine enough question.

I would guess that there may be a perceived premium being asked in the very short term but the market and economic climate is just not big enough to sustain inflated prices for long.

Would be dead easy to sell your slot though...I enquired a couple of weeks back and was told 2013 allocation already sold!

Quite agree about the green-eyed monster, perhaps there's a good reason for the username!

If anyone interested PM me !

[Unemployed]

Tifosi said:

Aeroresh said:

Unemployed said:

So we are led to believe that you've got to the position of being able to afford a brand new Range Rover without being able to work out if that premiums can't possibly be paid until cars are delivered (none have yet) or if it's likely when they do? Are you sure you've got one on order?

Green-eyed monster strikes back!

I thought it was a genuine enough question.

I would guess that there may be a perceived premium being asked in the very short term but the market and economic climate is just not big enough to sustain inflated prices for long.

Would be dead easy to sell your slot though...I enquired a couple of weeks back and was told 2013 allocation already sold!

Quite agree about the green-eyed monster, perhaps there's a good reason for the username!

If anyone interested PM me !

Not sure how you reached that conclusion. Besides, I actually have a Range Rover already! My point was that you are successful enough to afford a new Range Rover but can't seem to work out basic economics. I found this very odd and naive. As you were.

[Phil.]

unrepentant said:

Ummm.... that's because the new one is coming. A year old car at 20k off new MSRP isn't a particularly good deal.

The new car will be in short supply for at least a year.

There will be no shortage of supply after the first few months so a 3 year old new model RR will be worth around 50% of it's new price, or put another way will lose around £50k over 3 years. This means at least £20k first year depreciation, similar to the current (lower priced) model's depreciation for many years before the new model arrived. If you don't accept this theory then take a look at Evoque prices. I had to wait the best part of 9 months to take delivery of one last March. Do you really believe I'll get the same price I paid for it next March? Not a chance. A recent conversation with a dealer confirmed at least a £5k+ loss in the first 6 months and that's with the most attractive Dynamic spec. The same depreciation process will apply to the new RR. Does anyone have a finance deal arranged that proves otherwise?

With regard to my recent purchase. I only consider the price to swap when dealing and the price I received for my trade was retail against the 'windscreen price' which itself was more than £20k less than the MSRP. Other dealers with similar RR's couldn't get within £5k of the deal, meaning the deal was at least £25k off the new MSRP.

I was seriously considering ordering a new RR but made the decision to swap to a late version of the current model the weekend the prices were announced. I did this because the new RR prices were so much higher than the current model meaning an even bigger depreciation. I'm confident I'll be able to pick a low mileage 12-18 month old version of the new RR for £30k less than MSRP. So I hope you are correct and they sell out quickly meaning more used ones to chose from in the future

Edited to say. I am commenting on the UK market. I have no idea what will happen in the US where you are based. Are you a LR dealer in the US?

Edited by Phil. on Friday 23 November 20:23

[Triple7]

We shall wait and see Phil.!

I suspect there will be a huge difference in the trade in price on the Rangie, and the relisted price when it goesmback on the forecourt!

[Phil.]

Triple7 said:

We shall wait and see Phil.!

I suspect there will be a huge difference in the trade in price on the Rangie, and the relisted price when it goesmback on the forecourt!

Completely agree. I am on my third FFRR and would like to remain with the marque but if the depreciation hike is substantial then I may consider the new RRS which will be based on the RR for the first time (rather than the disco currently) and will be lower priced.

[Triple7]

Yes, saw the new Sport at the Nurburgring in Oct in disguise. It is a bigger car than the current one for sure & if it shares the new Rangies look & has the Sport feel I think it will be the one for us too.