Range Rover prices, falling and rising?
Discussion
The local Land Rover know all neighbour was telling me yesterdat that prices of L322s will plummet with the intoduction of the new car.
He may be right, certainly older ones are quite cheap.
Looking at adverts on line, am I right in thinking prices for Classics and P38s are rising?
A couple of years ago, I came quite close to buying a V8 Classic, Vogue SE in OK nick for not much more than I had in my wallet and wife's purse at the time. One of those filling stations that sells used cars. Decent car, long MOT, recent service, for less than a grand.
I was tempted but lack of space would have meant saying bye bye to one of my other cars.
Now I have fewer cars, and a lot more space.......Who knows.
Decent Classics appear to be more expensive now. Late model, high spec P38s are mixing in L322 territory now.
He may be right, certainly older ones are quite cheap.
Looking at adverts on line, am I right in thinking prices for Classics and P38s are rising?
A couple of years ago, I came quite close to buying a V8 Classic, Vogue SE in OK nick for not much more than I had in my wallet and wife's purse at the time. One of those filling stations that sells used cars. Decent car, long MOT, recent service, for less than a grand.
I was tempted but lack of space would have meant saying bye bye to one of my other cars.
Now I have fewer cars, and a lot more space.......Who knows.
Decent Classics appear to be more expensive now. Late model, high spec P38s are mixing in L322 territory now.
A mint classic can sell for up to £50k. A dog for £500.
The current shape will take a knock when the new one launches as there will be the normal spike in supply at the front end as people trade up. Add to that the fall in demand as it will now be perceived as the old model so no longer can buying an 10 year old one look similar to a 1 year old one.
The current shape will take a knock when the new one launches as there will be the normal spike in supply at the front end as people trade up. Add to that the fall in demand as it will now be perceived as the old model so no longer can buying an 10 year old one look similar to a 1 year old one.
Some RRC's command serious money, pre-production 2 door prototypes have been selling for £70k+ (one still for sale, but not particularly original, £72,500), there is even a late 4 door Soft Dash with 70k miles up for £30k at the moment. P38's have been bargain basement for a little while now, fuelled by the gremlins many seem to suffer with, now the Discovery 2 is beginning to fall in price quite considerably (I bought high and sold VERY low just weeks ago.... 
). Great cars, but find a dog (as per my D2), and it will cause you nothing but headaches and severe open wallet surgery.
A little O/T, but I've been into off-roading since the age of 14, at that age people were picking up early seventies 2 Door Range Rover's for £500 and less, and chopping the things beyond recognition. To think that these are now worth £20k+ in the space of 7 years is quite incredible!
). Great cars, but find a dog (as per my D2), and it will cause you nothing but headaches and severe open wallet surgery. A little O/T, but I've been into off-roading since the age of 14, at that age people were picking up early seventies 2 Door Range Rover's for £500 and less, and chopping the things beyond recognition. To think that these are now worth £20k+ in the space of 7 years is quite incredible!
Edited by mister.t on Sunday 23 September 17:35
wildcat45 said:
Yes. I used to get KRO magazine back in the 1990s. Classics were bobtailed left right and centre.
Maybe I should have bought that ine a couple of years ago.
How bad are P38s? Apart from looking like an off road Talbot Horizon, they seem cracking value.
They are good cars but so packed with 90s wiring and electrics they are a pain in the proverbial re reliability etc. Maybe I should have bought that ine a couple of years ago.
How bad are P38s? Apart from looking like an off road Talbot Horizon, they seem cracking value.
Fun Bus said:
They have the ability to be financially ruinous I believe.
I have heard that. Had a mate with a V8. He only used it for pulling a horse box and snow bound transport. He was lucky that his local village garage understood and liked them, so solutions were never far away and never earth shatteringly expensive.I had an MGF at the time which had the odd minot fault, nothing major. He described his P38 as a four wheel drive MGF. I guess he had a point.
Surely the later P38s can't be that bad?
P38's most certainly can be a financial money pit. But then any Land Rover from that era could do the same, my Discovery 2 cost me over £2k in 6 months, and still needed an insane amount of work to get it running perfectly (gearbox leaked and had to be topped up every 6-7 weeks, box out job as leak was from in the bell housing, full throttle runs would cause hideous misfire, possibly caused by oil in the ECU, another common but incredibly expensive problem if left for too long).
If you can find a good one (they do exist), I don't believe they are as bad as some make them out to be, as long as you are in a position to be able to fix things as they arise. Also, some things need treating like service items to stop them failing, air suspension springs for instance, if left to sag, it will eventually ruin the compressor having to compensate all the time, not a cheap fix. This is pretty much how all air suspension systems fail on Land Rover's, as people leave the issue for too long.
If you can find a good one (they do exist), I don't believe they are as bad as some make them out to be, as long as you are in a position to be able to fix things as they arise. Also, some things need treating like service items to stop them failing, air suspension springs for instance, if left to sag, it will eventually ruin the compressor having to compensate all the time, not a cheap fix. This is pretty much how all air suspension systems fail on Land Rover's, as people leave the issue for too long.
And that's with someone who knows what they are doing, taking a P38 dash completely out is not something to be taken lightly!I've done the "dash out" job on a P38 and can confirm it takes 10 hours the first time. I believe I could do another in 7 hours now.
The job in question is to change 2 O-rings in the heater matrix. Annoyingly enough, the system could have been designed to allow the O rings to be changed without removing the dash on a RHD car, but I guess LR thought it best to support the LHD market. There seem to be a lot of design issues like this on a P38.
The job in question is to change 2 O-rings in the heater matrix. Annoyingly enough, the system could have been designed to allow the O rings to be changed without removing the dash on a RHD car, but I guess LR thought it best to support the LHD market. There seem to be a lot of design issues like this on a P38.
I have a p38 2001 that has been a workhorse of mine for ten years. It is ONLY used for skip/ dog runs so underused. Even though i have a new 7 series every 3 years, i still love this rangey. It somehow gets into your bloodstream. Of course it has a parasitic battery drain, tells me they key is in when it isn't, has a headlining held up with staples, and a boot that sometimes will not open. BUT it stills starts every single time and keeps going . 4.6 litres of dependable fun. Im buying a 2011 4.4tdv8 next week... but I'm keeping my p38 for the hard work.
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