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Home > General > Price of Range Rovers plummeting |
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Col Member Since: 02 Sep 2012 Location: Hawkes Bay NZ Posts: 4968 |
Based on a Forum Members recent adventures I would be sceptical if it is even a genuine A/B.
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Wed Jun 19 2019 8:27am |
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jim4244 Member Since: 16 Feb 2012 Location: No Posts: 1210 |
I think that with the governments hatred of big diesel engined cars it has affected the price and desirability of Range Rover vehicles along with similar vehicles from other manufacturers.
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Wed Jun 19 2019 8:47am |
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Tim in Scotland Member Since: 30 May 2005 Location: Driving along in my automobile Posts: 17476 |
Just look at the Approved Used website and see how many are listed and at top book value and dealers have no space left on their forecourts to take older cars as well. There is a glut of good late plate used cars and that is pushing down values of older cars. Land Rovers lack of action over snapping cranks on 3.0ltr diesels and over ambitious prices for new build cars puts people off. It will only get worse too as I get the impression that dyed in the wool LR buyers are abandoning the brand over high prices, dealerships being rude/ignorant and lazy and, probably a big factor for many is that some of the most popular models will no longer be built in the UK. For private buyers like me UK built and affordable prices were major factors in my buying choice but I will no long support JLR if the cars I am interested in are no longer assembled in the UK, might as well get a 7 year warranty and buy a cheap Korean car - at least the dealers know how to look after customers when things go wrong. My pay rises (none in the last 10 years) have not kept up with JLR’s price rises over the same period which now precludes me from buying another new RRS, Evoque, D5 or Disco Sport and dealer prices for late plate nearly new pre-reg cars is almost the same as a factory ordered car. Possibly lots of cars coming to the end of their PCP/Finance agreement periods is also not helping keep numbers of used cars off the forecourts 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
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Wed Jun 19 2019 1:21pm |
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RRSTDV8 Member Since: 12 Aug 2011 Location: Northamptonshire Posts: 8971 |
If you don't need to drive in to low emissions zones, the dropping prices is a good thing as you can pick up a lot of vehicle for your money. If you do need to go in to LEZ / ULEZ, then get an electric car and be done with it. 2012 SDV6 - it's missing a couple of cylinders
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Wed Jun 19 2019 1:26pm |
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GodivaNige Member Since: 14 May 2016 Location: Warwickshire Posts: 420 |
I recently sold my 2009 TDV8 which wanted for nothing, was in lovely order and during my ownership, had no expense spared to keep it as good as it could realistically be, for £12K less than I paid for it 3 years ago. I tried very hard but couldn’t sell it for more.
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Wed Jun 19 2019 6:08pm |
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AW8 Member Since: 26 Mar 2018 Location: Sussex Posts: 60 |
I will be driving into ULEZ tomorrow 2nd time within a week.. Fortunately mine is ULEZ exempt & lower car tax than brand new models.. I drove across 3 counties today and saw indicated 28 mpg (yes ...I know - computers lie ! Running a 14 year old V8 petrol RRS as a daily isn't for the faint hearted (more for the brave &/or foolish), however, it's nice to be able to beat the ULEZ, post March 2006 emission road tax hikes, rip.off new car tax .....all whilst generally keeping away from main dealer showrooms |
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Wed Jun 19 2019 8:16pm |
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Father Jack Member Since: 16 Oct 2016 Location: Edinburgh Posts: 480 |
Tim is right. JLR are taking the p sh. Just consider the jacking up of the price of an RRS2 vs RRS1 and the reduction in kit. Much as I love my RRS, despite its occasional wallet emptying tendencies, this will be my last JLR product. |
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Wed Jun 19 2019 9:05pm |
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BKHK Member Since: 05 May 2008 Location: Perth Posts: 1940 |
From the comments on here and the fact that people like me who have had 6 RRs of various models and should be a loyal customer, it’s clear that JLR has got some big problems. New prices are 30% too high, the dealers (In the UK) seem to be mediocre and they are not standing by their product. Gone - 2008 Stornoway Grey RRS 2.7 TDV6
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Thu Jun 20 2019 1:28am |
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jim4244 Member Since: 16 Feb 2012 Location: No Posts: 1210 |
In two years of owning my last L494 HSE I estimate that depreciation, based on the best price I could achieve when sold, was £1123 per month.
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Thu Jun 20 2019 8:46am |
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Father Jack Member Since: 16 Oct 2016 Location: Edinburgh Posts: 480 |
I agree with Jim. With the exception of one company car (an evoque) I have never had a new car. I would never buy new as a private owner, the depreciation alone is a good reason not to. |
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Thu Jun 20 2019 10:31am |
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RRT Member Since: 26 Mar 2018 Location: South Coast Posts: 247 |
I have recently bought a 19 month old 4.4d V8 AB, 13k miles for £30+k under new. I am looking to keep this car for many (15 to 20) years and expect to take a hit of £50k over that time.
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Thu Jun 20 2019 10:54am |
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DrRob Member Since: 23 Feb 2011 Location: Hampshire Posts: 2011 |
Ditto
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Thu Jun 20 2019 11:15am |
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MrGimper Member Since: 05 Jun 2016 Location: Andover Posts: 57 |
TruDat |
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Thu Jun 20 2019 11:45am |
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Tim in Scotland Member Since: 30 May 2005 Location: Driving along in my automobile Posts: 17476 |
I have been watching the approved used website for weeks as, while I really like the Countryman and my 1996 90, I do want to reduce to one car that can cover on and off road rather than have two, one for each occasion. There are some great buys on dealers forecourts for 5 year old 50,000 mile L405 TDv6’s at around £40k that I have been watching slow decrease in asking price that I would trade my Countryman against like a shot and cancel my order for a 2020 Defender and sell my 90. The 90 has not been a money pit in any way, in fact it is worth a darned sight more now than I paid for it in 2001 as an approved used car! As my annual miles has dropped to around 7000 from 14,000 in the last 3 years an higher miles car soon gets to be an average miles car in my hands! My Defender had 54000 miles on it 2001, it now has 91000 miles which is actually well below average miles for similar age Defenders that I see advertised. 2020 Pangea Green 1st Edition D240 New Defender 110 is here and loving it
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Thu Jun 20 2019 11:47am |
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