RRS SVR Residuals

[tgclowes]

Hi!

I've always wanted a Range Rover Sport, especially an SVR. It's stretching by initial budget but I love the car, does everything for me.

I will be PCP'ing it and naturally the end value is fairly low (Circa £46,700 after two years at 10k PA). Whilst it will be worth more than this, I was just wondering how people have found resale of SVRs as I'd like to think I'll be able to pull a decent amount of equity out of it at the end should I decide to change. Running costs etc don't phase me (not allowed to with this car) but depreciation is always a consideration for me.

I'm aware that values of all black TDV6 HSE Dynamics are great but I'm not so clued up with their petrol variants, any light anyone could shed would be great.

[tgclowes]

Forgive me, I should probably state it's on a 16 plate with roughly 16,000 miles at £76,000, so it's taken the initial depreciation hit which I wouldn't want to stomach.

Thanks for the help up until now, I understand the heart over head element but this will be just about the most expensive car I've 'bought' but my mind is always looking at the long play.

[tgclowes]

Ok so here goes.

Cash Price: £76,700
Deposit: £20,000
Monthly: £660
Mileage: 10k pa
Final Payment: £48,522.13
Interest: 6.9%
Term: 2 years.

Deposit is hefty, but I've done several cars on PCP and had decent equity in the end, over 50% of my deposit every time and they weren't particularly good in terms of residuals. Obviously this is all mileage and condition dependant but I keep my cars in good nick.

I think it's the large deposit that I'm concerned about more than anything. I previously put £5,000 into a deposit and came out with £3,000 in the end which I was happy, but £12,000 out of £20,000 could sting a lil? (assuming similar equity returns).

I'm very open to criticism with those numbers I should think but if the car came in after two years at £48k or even £55k I'd be fairly upset. The next question is why not just buy the car cash but I bought my AMV8 that way and I regretted having cash like that sat in a car. Different strokes perhaps?

[tgclowes]

I didn't in the end, promotion at work entails a bit more mileage and I figured it would be better value for me to go for a TDV6. Boring yes, but a 5.0 V8 for primarily motorway mileage seemed a waste so I'll be putting the money saved towards something else.

I think there's a lot to be said for that 'do everything' car but for me this wasn't it.