Are values on the slide?
Discussion
Browsing through autotrader and im noticing that values seem to be falling steeply in the last few months.
Range Rover Supercharged models are now in the £12k bracket, Disco3 hse's in the £10k and RRS in the £14k brackets.
Will these values continue to slide as fuel prices keep rising or will they balance out?
Or are the high running costs and repairs killing off the values?
Thankfully Freeby 1's dont seem to be getting hit quite as hard but this cant be certain over the enxt few months.
What do you think?
Range Rover Supercharged models are now in the £12k bracket, Disco3 hse's in the £10k and RRS in the £14k brackets.
Will these values continue to slide as fuel prices keep rising or will they balance out?
Or are the high running costs and repairs killing off the values?
Thankfully Freeby 1's dont seem to be getting hit quite as hard but this cant be certain over the enxt few months.
What do you think?
A.J.M said:
Or are the high running costs and repairs killing off the values?
This.Anyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
Edited by anonymous-user on Monday 9th April 20:03
Edited by anonymous-user on Monday 9th April 22:54
A.J.M said:
Browsing through autotrader and im noticing that values seem to be falling steeply in the last few months.
Range Rover Supercharged models are now in the £12k bracket,
12K gets a galactic mileage supercharged with potentially warn engine and drivetrain, granted mate it represents great value, but its not fair on inflicting worry filled sleepless nights for my wallet. Range Rover Supercharged models are now in the £12k bracket,
CecilEdUnicorn said:
A.J.M said:
Browsing through autotrader and im noticing that values seem to be falling steeply in the last few months.
Range Rover Supercharged models are now in the £12k bracket,
12K gets a galactic mileage supercharged with potentially warn engine and drivetrain, granted mate it represents great value, but its not fair on inflicting worry filled sleepless nights for my wallet. Range Rover Supercharged models are now in the £12k bracket,
A.J.M said:
Browsing through autotrader and im noticing that values seem to be falling steeply in the last few months.
Range Rover Supercharged models are now in the £12k bracket, Disco3 hse's in the £10k and RRS in the £14k brackets.
Will these values continue to slide as fuel prices keep rising or will they balance out?
Or are the high running costs and repairs killing off the values?
Thankfully Freeby 1's dont seem to be getting hit quite as hard but this cant be certain over the enxt few months.
What do you think?
Look how much a Disco 1 or V8 classic RR are worth and I think you'll have your answer. Landy's tend to do ok and still retain value better than most other 4x4's, but with Disco's available for £1k for something tidy and even classic RR's still kicking around the £1500 mark it only highlights current models will continue to depreciate to similar relative levels.Range Rover Supercharged models are now in the £12k bracket, Disco3 hse's in the £10k and RRS in the £14k brackets.
Will these values continue to slide as fuel prices keep rising or will they balance out?
Or are the high running costs and repairs killing off the values?
Thankfully Freeby 1's dont seem to be getting hit quite as hard but this cant be certain over the enxt few months.
What do you think?
Oh i know they will drop until they are turned into 4x4 site play toys or broken for spares.
However, in 7 years a range rover has shed over 50 grand, a disco in 8 has lost over 37 grand and the same for sports.
Granted some have starship miles but for £12-13 grand you can get a disco with about 80-100k on the clock.
I do know of 1 with over 450k on the clock and it's had a couple of big bills but otherwise has enjoyed regular servicing.
However, in 7 years a range rover has shed over 50 grand, a disco in 8 has lost over 37 grand and the same for sports.
Granted some have starship miles but for £12-13 grand you can get a disco with about 80-100k on the clock.
I do know of 1 with over 450k on the clock and it's had a couple of big bills but otherwise has enjoyed regular servicing.
Crossflow Kid said:
This.
Anyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
not true at all - i can easily afford a brand new 5.0l superchargedAnyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
Edited by Crossflow Kid on Monday 9th April 20:03
Edited by Crossflow Kid on Monday 9th April 22:54
but i have one of the last 4.4 v8's - because i dislike the 'facelift' with the chicken wire grill and i don't like/trust the 4.2l supercharged
furthermore - given i can afford a new one it makes no economic sense to me to take the depreciation 'hit'
if i was still in business i could offset costs etc
i've driven the very latest cars and to me they offer nothing over my 2005 - if you like 'toys' maybe - seeing as i don't use 90% of the toys on mine i see no rhyme/reason to change
and maintenance costs (to me) are not a problem - ALL mine is done at Stratstone Nottingham!
Edited by grand cherokee on Thursday 12th April 10:52
grand cherokee said:
Crossflow Kid said:
This.
Anyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
not true at all - i can easily afford a brand new 5.0l superchargedAnyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
Edited by anonymous-user on Monday 9th April 20:03
Edited by anonymous-user on Monday 9th April 22:54
but i have one of the last 4.4 v8's - because i dislike the 'facelift' with the chicken wire grill and i don't like/trust the 4.2l supercharged
furthermore - given i can afford a new one it makes no economic sense to me to take the depreciation 'hit'
if i was still in business i could offset costs etc
i've driven the very latest cars and to me they offer nothing over my 2005 - if you like 'toys' maybe - seeing as i don't use 90% of the toys on mine i see no rhyme/reason to change
and maintenance costs (to me) are not a problem - ALL mine is done at Stratstone Nottingham!
Edited by grand cherokee on Thursday 12th April 10:52
Crossflow Kid said:
Obviously there's an exception to every rule, and preferring an earlier model for cosmetic reasons is slightly different to choosing an older model based on purchase cost and perceived running costs. You have the luxury of still being able to afford maintaining an older model at a main dealer, whereas plenty of people buy 5+year old cars, thinking they'll be DIY maintainable - and they're just not.
totally agree they are not cheap to run/maintaini cringe on some forums where owners are looking for 'cheap' tyres etc - if you cannot afford to keep it 'right' buy something else - ditto lpg conversions!
cosmetic reasons aside - i think the bmw 4.4 engine is better than the jag 4.2 supercharged !
Edited by grand cherokee on Thursday 12th April 13:03
grand cherokee said:
Crossflow Kid said:
Obviously there's an exception to every rule, and preferring an earlier model for cosmetic reasons is slightly different to choosing an older model based on purchase cost and perceived running costs. You have the luxury of still being able to afford maintaining an older model at a main dealer, whereas plenty of people buy 5+year old cars, thinking they'll be DIY maintainable - and they're just not.
totally agree they are not cheap to run/maintaini cringe on some forums where owners are looking for 'cheap' tyres etc - if you cannot afford to keep it 'right' buy something else - ditto lpg conversions!
M
I don't think the earlier L322s will drop very quickly now, they already do represent great value, but as others have said it's maintaining them, I had a 4.4 V8 and a new alternator was £500!!, not something people want to take on lightly because they can and do play up, newer L322s are likely to have quite a big fall when the L405 comes out I would think.
I've been looking at RR Sports recently as I'm strongly thinking of buying one and anything with a decent spec in a non hidious colour with under 100k on the clock isn't near £12k yet, still have to spend £16k plus to get anything decent.
I've been looking at RR Sports recently as I'm strongly thinking of buying one and anything with a decent spec in a non hidious colour with under 100k on the clock isn't near £12k yet, still have to spend £16k plus to get anything decent.
Crossflow Kid said:
A.J.M said:
Or are the high running costs and repairs killing off the values?
This.Anyone who wants a Range Rover wants a new one. Anyone who needs to buy used won't be able to afford the running costs so beyond about five years old they just become a complete white elephant and bounce from optimistic low-book-price buyer to buyer until they reach eBayable age.
RRS can be had for around 10k now too.
Edited by Crossflow Kid on Monday 9th April 20:03
Edited by Crossflow Kid on Monday 9th April 22:54
The other end of the scale perhaps but the slide starts on day 1 and not at 5 years old - this car is barely 18 months old, looks like a belter and could probably be had for £40k, so a loss of around £30k in just over a year... Presumably the seller enquired about selling into the trade so I guess book price is around £35k for a nice 60 plate FFRR....
http://www.autotrader.co.uk/classified/advert/2012...
it almost makes the fuel economy justifiable....
http://www.autotrader.co.uk/classified/advert/2012...
it almost makes the fuel economy justifiable....
Crossflow Kid said:
...so they get bought by ambitious but rubbish driveway mechanics with a Halfords socket set and some Machine Mart axle stands, who then realise these cars really require a million-pound dealership workshop, so they flog it on sharpish, further degrading it's value in the process.
Like any car...if you're handy with a set of spanners you can keep pretty much anything on the road. The added electronics are the main headache for all new cars...but again with a multimeter and some good advice and logical thought most stuff can be fixed. Sure, I wouldn't take my Halfords socket set to a year old 80grand motor, but I would a 12 grand 10 year old was an 80 grand one.What those million pound dealerships do a lot of the time is just swap out the bits they think are wrong with new bits rather than fix the broken bit or properly diagnose the actual cause. What most decent home mechanics do is spend a hugemount of time makng sure the bit they're gonna spend a 100quid on for a new one is actually the right bit
I think the hard part is the middle ground between maindealer servicing and the competent home mechanic...
virgil said:
Like any car...if you're handy with a set of spanners you can keep pretty much anything on the road. The added electronics are the main headache for all new cars...but again with a multimeter and some good advice and logical thought most stuff can be fixed. Sure, I wouldn't take my Halfords socket set to a year old 80grand motor, but I would a 12 grand 10 year old was an 80 grand one.
What those million pound dealerships do a lot of the time is just swap out the bits they think are wrong with new bits rather than fix the broken bit or properly diagnose the actual cause. What most decent home mechanics do is spend a hugemount of time makng sure the bit they're gonna spend a 100quid on for a new one is actually the right bit
I think the hard part is the middle ground between maindealer servicing and the competent home mechanic...
what you say is correctWhat those million pound dealerships do a lot of the time is just swap out the bits they think are wrong with new bits rather than fix the broken bit or properly diagnose the actual cause. What most decent home mechanics do is spend a hugemount of time makng sure the bit they're gonna spend a 100quid on for a new one is actually the right bit
I think the hard part is the middle ground between maindealer servicing and the competent home mechanic...
the multi million pound dealership staff are 'technicians' not mechanics
if the computer does not tell them the problem they are stuffed!
even then they go through the possible 'problems' piece by piece replacing components that may /may not be necessary until they hopefully find/resolve the problem
in many other marques the staff own the 'same' cars and are enthusiasts - they 'know' the cars
i've seen the heaps of junk driven by Range Rover technicians
they really have no interest in the cars - which is why contributors on forums like FFRR often know far more about the cars than the dealerships
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