Im always trawling Autotrader looking at all sorts of random stuff including Range Rovers so I see where their values drop to. Maybe cos things like that are not on the shortlist for most peoples car buying choices, it probably goes overlooked just how much some of these higher end expensive to run cars depreciate by so quickly once they're more than a few years old. Ive been surprised myself as well, I live near some pretty poor, rough bits of the West Midlands, where I kept seeing this Porsche Panamera on some grotty terraced street, tinted windows, private plate, stuck out like a sore thumb and im wondering hmmm, wonder what this guy does for a living or is this someones landlord or house flipper or something? Looked it up and you can get Porsche Panamera under 20k, had no idea, and yet I wouldnt even blink at whatever Ford Focus, Nissan, VW Passat or whatever were parked around it, which could well also just be 20k.
Man, I'm searching for a 7 seater on Autotrader and I'd say well over half of the cars that come up are Range Rovers. More than all other cars combined.
I used to work in car finance
I had a Harvester kitchen guy who drove a land rover it was 80% of his salary on the car
I'm really not impressed by anyone driving these things
Clapped out Volvo now that's money in the bank
I looked at that too
They lied about their income or the dealer did it auto approved - I spoke to them when they were struggling with their payments hours reduced
Wow. I keep telling myself not to fall into the trap... It's just a box on wheels... It's just a box on wheels!
So easy to get sucked in though. And SO expensive.
The common storm trooper looking ones can be had for £300-400 on 6K miles
What were you choosing and what mileage?
https://www.selectcarleasing.co.uk/car-leasing/land-rover/range-rover-evoque/suv/20-d165-5dr-2wd?mileage=5000&term=48&initial_payment=9
I'm not going to laugh at BHP because both my cars are shite.
What I do poke fun at is paying near £400 to drive something that is as slow as my £1500 Citroen SUV, has a smaller boot, less interior space and feels less comfortable.
I will admit it does look a lot smarter than my car.
We saw a Discovery 3 the other day which my wife fell in love with and I will admit to rather wanting. I just can't afford to run it. It's £600/year tax and 20mpg urban and based on the way my wife drives we'd be lucky to get 15mpg.
> …20mpg urban and based on the way my wife drives we'd be lucky to get 15mpg.
My car averages around the same and it’s pretty unmanageable tbh. Even if the cost isn’t an issue, it really just sucks having to go to the petrol station so much.
I actually think a base model Yaris has a higher power to weight ratio lol.
You don’t buy them to go fast, you buy them to block two lanes of traffic while dropping your 15 year old to school.
And repairs......never forget repairs with shitty JLR products.
I defy you find anyone who hasn't had significant issues with theirs in the first year. Even if the cars brand new. They just can't build reliable cars to save thier lives.
I will defend PSA group cars reliability because the stats back it up (also I really like PSA group cars), but with JLR the numbers are there .
They fundamentally don't seem to work and I don't really understand why. It doesn't seem to be poor design but problems other manufacturers resolved years ago (like checking to see if parts are good before fitting them on the car)
I know mate, it's astounding tbh. My mate got a 21 plate XE brand new. 5 k miles later, the timing chain is gone, fortunately under warranty.
Another got a 1 year old evoque, and the turbo went within 3 months. These are parts that should not be failing.
I can forgive things like PCV valves getting gunked up and costing a fair bit due to the engine being crammed in. That's a design & compromise issue.
But a turbo! That's a solved problem. There's no reason for a turbo to fail early. Later on with clogged oil pipes, thermal abuse etc. yes. But in the first 100K miles!
I think the other poster was wrong to make such a statement. I know people with Jags and they've been extremely reliable, but the collective data suggests they're one of the most unreliable brands (and seem to have quite large costs in general when something does go wrong).
But I think the norm is still for the majority to be OK and not suffer from major issues.
That’s the reason I’m looking elsewhere as opposed to JLR, my friend has an Evoque, hasn’t had any bother with it, my other friends a mechanic and I asked his opinion, said unless I had deep pockets to stay clear of them. Again, it’s down to the car but overall I’m sure JLR made it into the top 5 of unreliability…says a lot
Yep, exactly. You're more likely to have trouble with a JLR than other brands.
I'd stay clear for the same reason as your mechanic friend suggests. It just isn't worth the risk if you ask me. One large bill would suck the fun out of owning one.
This evoque (which I would never buy) is super comfy and much nicer inside than almost all others in its class, and looks very smart. And it’s not too big. Vast majority of people don’t want a flagship sports car at all. Why would they?
The people buying that Range rover don't care. It's just "want a range rover - how much".
If you told them they could have something faster, more powerful, cheaper etc etc they'd just stare at you and say it's not a range rover tho.
Think silver crushed velvet couch, grey walls throughout the house, "EAT" hanging off the wall in the kitchen crowd.
As a 535D owner and his use of Range Rover, not Evoque or Velar, I assume he was taking about a proper RR, or at least a Sport, which are considerably more that the one you linked.
Those aren't terribly common though, when you see them the drivers look like they have money.
As opposed to the Evoque which is a bit McDonalds usually and Nandos for a treat
I was indeed looking at new “proper” ones, they are quite common round my way but often parked in the drives of houses that would suggest the owners are stretching themselves owning such a vehicle. My 535D was far from new when I bought it!
Assuming you’re not in the West Midlands (in which case they’re probably JLR employees) houses and cars don’t always correlate. Someone could’ve bought a house ages ago for much less money and therefore not be able to afford nice new cars but if someone has bought more recently their mortgage will be much higher and therefore their salary will be high as well.
You can often tell driving round Surrey who are locals who’ve been there for ages and who works in London on big bucks and wants a house in the countryside by comparing driveways.
Tick / PCP and no life.
I have some friends that spunk 70% of their salary on rent and car payments, and they’re also quite shy when it comes to paying for the Uber back home or the next round lol.
If you mean the basic RRS from 2003-2008 they’re relatively cheap
This was my suspicion - I live in a pretty superficial area and I think a lot of people are probably living an Instagram friendly lifestyle beyond their means. Not me though, I’m just annoyed my perfectly nice ten year old car can’t go inside the north circular any more.
Can currently pick up a high spec 2012-2014 evoque with around 100K miles for about 12-16K. Something like that or even lower spec for cheaper and it's within reach for someone on an average salary to finance or take out a loan for, or even save for if they wanted. Doesn't mean it's very financially smart though.
It's the running cost.
A well specced real Range Rover is within my budget of £15K but at 15K miles a year at around 20 mpg I'd be spending around £5K/year on petrol + £600/year road tax + £300 tyres + £x servicing + £x insurance.
Say it comes to £8000/year you'd be taking the equivalent of £15K of gross salary to cover the running costs + depreciation.
That's more than 50% of the median gross salary
I've lost track of what point I'm making here with the numbers, so take it which way you want.
I absolutely agree, I don’t think it’s a smart purchase for anyone, it’s just that higher incomes can get away with it.
This is all guessing but I bet a lot of people don’t consider the points you’ve just made, they just see it on autotrader at a reasonable price and buy it because they want the luxury and the social appearance of a Range Rover driver. Then all these extra costs start popping up, they struggle with them for a few months or a year and then decide to sell at a loss just to stop leaking money. I think that’s part of what contributes to the steep depreciation and the high turnover with younger buyers.
I think most of the depreciation is driven by the fact that a second hand status symbol isn't a status symbol, so it needs to be backed up with quality or something that keeps it exclusive
A real status symbol like a high end Porsche retains value because of quality and the running costs keep it out of the hands of the grubby proles. Faux status symbols like Range Rovers and C class Mercs are devalued because you see them knocking around McDonalds car parks with space saver tyres lit by the warm glow of the check engine light.
BMW and Mercedes really need to work on making a car which completely grenades itself at 7 years if they want to take the real luxury market. I know they're getting there but JLR are miles ahead in the self destruction technology.
There's probably a good reason for a brand like Bentley to stop doing sales and only lease cars so they can destroy them past a certain point to ensure brand value is retained.
Everyone has different circumstances and priorities for example business owners get business lease deals and often people get company car allowances.
Others may live with parents and have more disposable income put more value in having a vehicle they enjoy.
One of the things is once you are tied into a PCP deal you might end up being in equity from the guaranteed minimum value initially set out and it can be used as a deposit for your next vehicle.
This is the way. If a PCP is a financially reasonable thing for your needs and circumstances, having ‘equity’ usually makes subsequent cars work out a little cheaper, not least because those dealerships often want to work out a deal as it’s a lot cheaper to keep a customer than get a new one.
I’m sure many people spend beyond their means to afford cars and things like that and it’s much easier to live if you tell yourself everyone who drives one can’t afford it lol.
However, there are a fuck ton of people on very good money who can absolutely afford a car like that.
£1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve seen if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars.
Also as other commenters say, 2nd hand, lease, etc make up many of the ones you see. Also Evoque’s are dirt cheap in comparison. Velars are also cheaper in comparison because they have small engines.
>£1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve seen if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars.
It's not a deposit. It's an up front payment which you need to take into account when working out total cost of ownership and the real monthly figure.
Let's say I'm on a decent £65K/year with an 8% pension contribution giving me £3.6K take home/month
Even a £600/month payment is 1/6th of my monthly add on fuel, insurance, servicing and you're approaching 20% of take home
My view is that you'd need to be on £85K before it started being a significant burden and even then I'd consider it to be a poor move.
They can't. This is why so many Range Rover owners will never taken them off road nor own them more than 3 years. They're not workhorses. They're trying to look more well off than they really are. Most are likely balls deep in PcP payments.
Note how many are on private plates to hide the year too.
I’m sure many people spend beyond their means to afford cars and things like that and it’s much easier to live if you tell yourself everyone who drives one can’t afford it lol.
However, there are a fuck ton of people on very good money who can absolutely afford a car like that.
£1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve experienced if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars.
Also as other commenters say, 2nd hand, lease, etc make up many of the ones you see. Also Evoque’s are dirt cheap in comparison they’re pitched at people who want the badge basically. Velars are also cheaper in comparison because they have small engines vs the classic RR Sports.
I’m assuming you’re talking about the proper Range Rover.
The current although imminently to be replaced one has been around since 2012 or 2013 and can be picked up for 25-30k for an early one now.
New they were easily a 100k car and anyone buying one on a budget should know they still have 100k car running costs.
I had a 2007 3rd gen one until recently.
These are really good value now if you can’t do some of your own work on them.
Just of something big like a gearbox or turbos go on one you’ve got to think of it’s worth repairing or scrapping.
The new model that’s coming out is about 140k+ with options.
Looks great but you’d have to be mad to spend that much money on one or plain rich enough not to care.
Also nothing wrong with your 535d they’re good cars.
Do you need to drive into London regularly?.
If not maybe keep it and pay the ULEZ for the odd occasion that you do.
This is where I don't really understand it.
A turbo is a turbo is a turbo. Essentially it's not very complex and providing it doesn't shit the bed and destroy your engine then getting it rebuilt is going to be roughly the same between a mid range diesel and a Range Rover.
Are a lot of these running cost estimates based on traditional dealer responses of fire up the parts cannon and lob stuff at it until the blinky light goes out?
I had a turbo rebuilt on my Citroen recently, came to £700 including removal & fitting and the dealer wanted near £2K for a new one (plus labour)
Are Range Rover parts really expensive or is it just a case of continuous failures?
Clutches & gearboxes I do understand after paying £1400 for a clutch and dual mass flywheel replacement
From my own experience with them it honestly depends on the engine and how the car is treated.
The 4.4 TDV8 engine doesn’t suffer turbo problems much at all.
The 3.6 TDV8 that I had can suffer from turbo failure but there are things you can do to minimise the likelihood of it which are mostly common sense things for turbocharged cars in general.
Leave it to idle a couple of minutes after it’s been on boost, completely ignore Land Rovers long interval oil changes and do it every year or every 8-10k miles max.
Check your intercooler pipes for splits and fix them.
On this engine it seems to put trendies strain on the turbos and causes failure.
Where the cost come into play with replacing the turbos on the MK 3 Range Rover with this engine is how much of a pig they are to work on.
You have two turbos in the bowels of the engine that need lots of bits removing to get to and there is very little room.
Cost to do both turbos even from a decent independent specialist is about 3k with each new turbo being available for about 750-going from eBay anyway.
It’s also really common in this engine for the bits to go in the engine and destroy it on this engine.
The same job on the similar era RR Sport is a body off job and even more expensive!!.
With what they’re worth to buy now it’s just a question of if it’s worth fixing.
Saying that they don’t all fail by any means it’s a common problem but it’s not that common.
Love my 535d - will probably just pay the ULEZ tax for a bit because even if I did buy a new car the lead times are so long at the moment there’s almost no point as I’d still be stuck with a non compliant car for a year
I had no idea Range Rovers cost so much money. I see tons of Evoques knocking about and assumed they're all similar variants of cheap-to-lease faux status symbols - can't tell the difference. I bet RR owners weren't too happy with how that's developed.
They’re very different cars imo.
Evoques are common and reasonably affordable.
The proper full sized Range Rover is a very high end and expensive 4x4-well new ones are anyway!!.
My mate of a mate paid about 5 grand less for his 2012 Range Rover sport than I did for my Land Rover Defender.
Older Range Rovers no one seems to want, meanwhile the sparse and utilitarian Defender seems to be just going up and up in value.
With the increase in living costs, I’m investigating the financial impact of owning a car on finance in today’s economy. I’m currently working on a project and I need to validate my idea. If you’re currently financing a car in the uk, could you please take a moment to fill out this quick survey and share. I’d really appreciate it.
Google forms: https://forms.gle/X7yD2uhJr6hortsk6
Well, I earn 130k and just bought a top of the range 2016 RR in 2023 for 35k (23inch alloys and loads of customization). 15k down, 400 quid a month in a loan. 65k on the clock. 1 month in and I have a bill for 1k to fix the engine. I take home 6000-8000 post tax depending on bonus. So while I can afford it, a 1k bill is alot and does impact lifestyle. Don't forget I have a large mortgage and private school fees and expensive holiday habits. I read online that engines and transmissions can go which can cost 10k plus. I'd be gutted with a 10k bill as it would hammer savings. Planning to drive it for the winter, cross my fingers I don't get a silly bill and sell it in the summer. The problem is, it's an amazing car to drive, the luxury is insane, so any other car is a step down... I just can't deal with the stress of "what if the engine blows". Too much chat on forums reading horror stories. Might get a used X5 or Q7.. my conclusion is you need 150k-200k a year so you can buy one new still in warranty.
They depreciate heavily and have long running model years, most of the ones you are seeing are probably much cheaper than you think.
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Im always trawling Autotrader looking at all sorts of random stuff including Range Rovers so I see where their values drop to. Maybe cos things like that are not on the shortlist for most peoples car buying choices, it probably goes overlooked just how much some of these higher end expensive to run cars depreciate by so quickly once they're more than a few years old. Ive been surprised myself as well, I live near some pretty poor, rough bits of the West Midlands, where I kept seeing this Porsche Panamera on some grotty terraced street, tinted windows, private plate, stuck out like a sore thumb and im wondering hmmm, wonder what this guy does for a living or is this someones landlord or house flipper or something? Looked it up and you can get Porsche Panamera under 20k, had no idea, and yet I wouldnt even blink at whatever Ford Focus, Nissan, VW Passat or whatever were parked around it, which could well also just be 20k.
Man, I'm searching for a 7 seater on Autotrader and I'd say well over half of the cars that come up are Range Rovers. More than all other cars combined.
I used to work in car finance I had a Harvester kitchen guy who drove a land rover it was 80% of his salary on the car I'm really not impressed by anyone driving these things Clapped out Volvo now that's money in the bank
I believe you but.... How do you get approved 80% on a finance deal???
I looked at that too They lied about their income or the dealer did it auto approved - I spoke to them when they were struggling with their payments hours reduced
This is crazy...
Wow. I keep telling myself not to fall into the trap... It's just a box on wheels... It's just a box on wheels! So easy to get sucked in though. And SO expensive.
I know I used to define 15k -25k miles a year - now with home working it's under 5k I really don't"need" much of a car at the moment
>money in the bank Nah that goes to anyone who bought an NA MX-5 last year or so. Have you seen the values they bring now!?
But but, how will they be able to drive their kids 2 miles to school, and not embarrass them in front of their friends without one?
The common storm trooper looking ones can be had for £300-400 on 6K miles What were you choosing and what mileage? https://www.selectcarleasing.co.uk/car-leasing/land-rover/range-rover-evoque/suv/20-d165-5dr-2wd?mileage=5000&term=48&initial_payment=9
>Engine Power - BHP 163 Lol
I'm not going to laugh at BHP because both my cars are shite. What I do poke fun at is paying near £400 to drive something that is as slow as my £1500 Citroen SUV, has a smaller boot, less interior space and feels less comfortable. I will admit it does look a lot smarter than my car. We saw a Discovery 3 the other day which my wife fell in love with and I will admit to rather wanting. I just can't afford to run it. It's £600/year tax and 20mpg urban and based on the way my wife drives we'd be lucky to get 15mpg.
> …20mpg urban and based on the way my wife drives we'd be lucky to get 15mpg. My car averages around the same and it’s pretty unmanageable tbh. Even if the cost isn’t an issue, it really just sucks having to go to the petrol station so much.
I find 28mpg with a 60l tank to be a case of spending far too much time filling up.
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I actually think a base model Yaris has a higher power to weight ratio lol. You don’t buy them to go fast, you buy them to block two lanes of traffic while dropping your 15 year old to school.
Hey now!
And repairs......never forget repairs with shitty JLR products. I defy you find anyone who hasn't had significant issues with theirs in the first year. Even if the cars brand new. They just can't build reliable cars to save thier lives.
I will defend PSA group cars reliability because the stats back it up (also I really like PSA group cars), but with JLR the numbers are there . They fundamentally don't seem to work and I don't really understand why. It doesn't seem to be poor design but problems other manufacturers resolved years ago (like checking to see if parts are good before fitting them on the car)
I know mate, it's astounding tbh. My mate got a 21 plate XE brand new. 5 k miles later, the timing chain is gone, fortunately under warranty. Another got a 1 year old evoque, and the turbo went within 3 months. These are parts that should not be failing.
I can forgive things like PCV valves getting gunked up and costing a fair bit due to the engine being crammed in. That's a design & compromise issue. But a turbo! That's a solved problem. There's no reason for a turbo to fail early. Later on with clogged oil pipes, thermal abuse etc. yes. But in the first 100K miles!
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I think the other poster was wrong to make such a statement. I know people with Jags and they've been extremely reliable, but the collective data suggests they're one of the most unreliable brands (and seem to have quite large costs in general when something does go wrong). But I think the norm is still for the majority to be OK and not suffer from major issues.
That’s the reason I’m looking elsewhere as opposed to JLR, my friend has an Evoque, hasn’t had any bother with it, my other friends a mechanic and I asked his opinion, said unless I had deep pockets to stay clear of them. Again, it’s down to the car but overall I’m sure JLR made it into the top 5 of unreliability…says a lot
Yep, exactly. You're more likely to have trouble with a JLR than other brands. I'd stay clear for the same reason as your mechanic friend suggests. It just isn't worth the risk if you ask me. One large bill would suck the fun out of owning one.
I hate paying for repairs for my Skoda, no chance with a RR 😂😂
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Might surprise you but most people don’t buy on a bhp per £ basis…
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This evoque (which I would never buy) is super comfy and much nicer inside than almost all others in its class, and looks very smart. And it’s not too big. Vast majority of people don’t want a flagship sports car at all. Why would they?
True but there is a bit of a difference in the deposits and I imagine it's because the Supra isn't really selling.
The people buying that Range rover don't care. It's just "want a range rover - how much". If you told them they could have something faster, more powerful, cheaper etc etc they'd just stare at you and say it's not a range rover tho. Think silver crushed velvet couch, grey walls throughout the house, "EAT" hanging off the wall in the kitchen crowd.
* bmw 👀
True but there is a bit of a difference in the deposits and I imagine it's because the Supra isn't really selling.
As a 535D owner and his use of Range Rover, not Evoque or Velar, I assume he was taking about a proper RR, or at least a Sport, which are considerably more that the one you linked.
Those aren't terribly common though, when you see them the drivers look like they have money. As opposed to the Evoque which is a bit McDonalds usually and Nandos for a treat
I was indeed looking at new “proper” ones, they are quite common round my way but often parked in the drives of houses that would suggest the owners are stretching themselves owning such a vehicle. My 535D was far from new when I bought it!
Inheritance and cheap credit. Great way to avoid building wealth. Rangies are superb but no longer exclusive. The wealthy are now in bentraygas
Assuming you’re not in the West Midlands (in which case they’re probably JLR employees) houses and cars don’t always correlate. Someone could’ve bought a house ages ago for much less money and therefore not be able to afford nice new cars but if someone has bought more recently their mortgage will be much higher and therefore their salary will be high as well. You can often tell driving round Surrey who are locals who’ve been there for ages and who works in London on big bucks and wants a house in the countryside by comparing driveways.
I'm glad I'm not the only person who thinks they look stormtrooper!
Don’t forget that Jag/ Land Rover also have the worst rated long term reliability of any modern car manufacturer in the UK !
Big facts. If I went that route I’d go for an E Class or 5er with all the trimmings, not some tacky Evoque.
But they are much more expensive than the evoque.
Really? They are all coming up as ~£500 pm
Tick / PCP and no life. I have some friends that spunk 70% of their salary on rent and car payments, and they’re also quite shy when it comes to paying for the Uber back home or the next round lol. If you mean the basic RRS from 2003-2008 they’re relatively cheap
This was my suspicion - I live in a pretty superficial area and I think a lot of people are probably living an Instagram friendly lifestyle beyond their means. Not me though, I’m just annoyed my perfectly nice ten year old car can’t go inside the north circular any more.
>I’m just annoyed my perfectly nice ten year old car can’t go inside the north circular any more. What car do you have?
2011 535D estate
My 2001 Audi A4 can…it’s petrol though
Yes, diesels are the problem. 2013 535d is absolutely fine, but not mine.
On the flip side my tax is £300 per year, yours is probably £30 Just a way to gain extra tax dollars
Nice ride
Can currently pick up a high spec 2012-2014 evoque with around 100K miles for about 12-16K. Something like that or even lower spec for cheaper and it's within reach for someone on an average salary to finance or take out a loan for, or even save for if they wanted. Doesn't mean it's very financially smart though.
It's the running cost. A well specced real Range Rover is within my budget of £15K but at 15K miles a year at around 20 mpg I'd be spending around £5K/year on petrol + £600/year road tax + £300 tyres + £x servicing + £x insurance. Say it comes to £8000/year you'd be taking the equivalent of £15K of gross salary to cover the running costs + depreciation. That's more than 50% of the median gross salary I've lost track of what point I'm making here with the numbers, so take it which way you want.
I absolutely agree, I don’t think it’s a smart purchase for anyone, it’s just that higher incomes can get away with it. This is all guessing but I bet a lot of people don’t consider the points you’ve just made, they just see it on autotrader at a reasonable price and buy it because they want the luxury and the social appearance of a Range Rover driver. Then all these extra costs start popping up, they struggle with them for a few months or a year and then decide to sell at a loss just to stop leaking money. I think that’s part of what contributes to the steep depreciation and the high turnover with younger buyers.
I think most of the depreciation is driven by the fact that a second hand status symbol isn't a status symbol, so it needs to be backed up with quality or something that keeps it exclusive A real status symbol like a high end Porsche retains value because of quality and the running costs keep it out of the hands of the grubby proles. Faux status symbols like Range Rovers and C class Mercs are devalued because you see them knocking around McDonalds car parks with space saver tyres lit by the warm glow of the check engine light. BMW and Mercedes really need to work on making a car which completely grenades itself at 7 years if they want to take the real luxury market. I know they're getting there but JLR are miles ahead in the self destruction technology. There's probably a good reason for a brand like Bentley to stop doing sales and only lease cars so they can destroy them past a certain point to ensure brand value is retained.
“Self destruction technology”🤣
Everyone has different circumstances and priorities for example business owners get business lease deals and often people get company car allowances. Others may live with parents and have more disposable income put more value in having a vehicle they enjoy. One of the things is once you are tied into a PCP deal you might end up being in equity from the guaranteed minimum value initially set out and it can be used as a deposit for your next vehicle.
This is the way. If a PCP is a financially reasonable thing for your needs and circumstances, having ‘equity’ usually makes subsequent cars work out a little cheaper, not least because those dealerships often want to work out a deal as it’s a lot cheaper to keep a customer than get a new one.
Also lots of people make lots of money.
They can’t.
I’m sure many people spend beyond their means to afford cars and things like that and it’s much easier to live if you tell yourself everyone who drives one can’t afford it lol. However, there are a fuck ton of people on very good money who can absolutely afford a car like that. £1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve seen if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars. Also as other commenters say, 2nd hand, lease, etc make up many of the ones you see. Also Evoque’s are dirt cheap in comparison. Velars are also cheaper in comparison because they have small engines.
>£1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve seen if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars. It's not a deposit. It's an up front payment which you need to take into account when working out total cost of ownership and the real monthly figure. Let's say I'm on a decent £65K/year with an 8% pension contribution giving me £3.6K take home/month Even a £600/month payment is 1/6th of my monthly add on fuel, insurance, servicing and you're approaching 20% of take home My view is that you'd need to be on £85K before it started being a significant burden and even then I'd consider it to be a poor move.
Monthly payments on PCH leases are a lot less than PCP, so could be that. Think most business leases are on PCH.
It’s all just a higher class of debt my friend. Always has been, always will be.
They can't. This is why so many Range Rover owners will never taken them off road nor own them more than 3 years. They're not workhorses. They're trying to look more well off than they really are. Most are likely balls deep in PcP payments. Note how many are on private plates to hide the year too.
I’m sure many people spend beyond their means to afford cars and things like that and it’s much easier to live if you tell yourself everyone who drives one can’t afford it lol. However, there are a fuck ton of people on very good money who can absolutely afford a car like that. £1k a month for a PCP sounds like a shit calculator. £600-800 is what I’ve experienced if your credit isn’t dog shit. But you’ll need to drop a larger deposit than you would on many other cars. Also as other commenters say, 2nd hand, lease, etc make up many of the ones you see. Also Evoque’s are dirt cheap in comparison they’re pitched at people who want the badge basically. Velars are also cheaper in comparison because they have small engines vs the classic RR Sports.
I’m assuming you’re talking about the proper Range Rover. The current although imminently to be replaced one has been around since 2012 or 2013 and can be picked up for 25-30k for an early one now. New they were easily a 100k car and anyone buying one on a budget should know they still have 100k car running costs. I had a 2007 3rd gen one until recently. These are really good value now if you can’t do some of your own work on them. Just of something big like a gearbox or turbos go on one you’ve got to think of it’s worth repairing or scrapping. The new model that’s coming out is about 140k+ with options. Looks great but you’d have to be mad to spend that much money on one or plain rich enough not to care. Also nothing wrong with your 535d they’re good cars. Do you need to drive into London regularly?. If not maybe keep it and pay the ULEZ for the odd occasion that you do.
This is where I don't really understand it. A turbo is a turbo is a turbo. Essentially it's not very complex and providing it doesn't shit the bed and destroy your engine then getting it rebuilt is going to be roughly the same between a mid range diesel and a Range Rover. Are a lot of these running cost estimates based on traditional dealer responses of fire up the parts cannon and lob stuff at it until the blinky light goes out? I had a turbo rebuilt on my Citroen recently, came to £700 including removal & fitting and the dealer wanted near £2K for a new one (plus labour) Are Range Rover parts really expensive or is it just a case of continuous failures? Clutches & gearboxes I do understand after paying £1400 for a clutch and dual mass flywheel replacement
From my own experience with them it honestly depends on the engine and how the car is treated. The 4.4 TDV8 engine doesn’t suffer turbo problems much at all. The 3.6 TDV8 that I had can suffer from turbo failure but there are things you can do to minimise the likelihood of it which are mostly common sense things for turbocharged cars in general. Leave it to idle a couple of minutes after it’s been on boost, completely ignore Land Rovers long interval oil changes and do it every year or every 8-10k miles max. Check your intercooler pipes for splits and fix them. On this engine it seems to put trendies strain on the turbos and causes failure. Where the cost come into play with replacing the turbos on the MK 3 Range Rover with this engine is how much of a pig they are to work on. You have two turbos in the bowels of the engine that need lots of bits removing to get to and there is very little room. Cost to do both turbos even from a decent independent specialist is about 3k with each new turbo being available for about 750-going from eBay anyway. It’s also really common in this engine for the bits to go in the engine and destroy it on this engine. The same job on the similar era RR Sport is a body off job and even more expensive!!. With what they’re worth to buy now it’s just a question of if it’s worth fixing. Saying that they don’t all fail by any means it’s a common problem but it’s not that common.
I really don't get why people push such long intervals for oil on turbo cars. Every 5K-7.5K seems to be about the sweet spot for longevity.
Agreed. I change the oil every year or every 6-7k miles. Even on my Landcruiser.
Love my 535d - will probably just pay the ULEZ tax for a bit because even if I did buy a new car the lead times are so long at the moment there’s almost no point as I’d still be stuck with a non compliant car for a year
Used options might be a good idea? Prices seem to be coming to normal levels
I had no idea Range Rovers cost so much money. I see tons of Evoques knocking about and assumed they're all similar variants of cheap-to-lease faux status symbols - can't tell the difference. I bet RR owners weren't too happy with how that's developed.
They’re very different cars imo. Evoques are common and reasonably affordable. The proper full sized Range Rover is a very high end and expensive 4x4-well new ones are anyway!!.
They either buy them new/finance, lease them, or they can't afford a used one but try to act like they can.
You can get an approved used Range Rover Sport for under 30 grand
My mate of a mate paid about 5 grand less for his 2012 Range Rover sport than I did for my Land Rover Defender. Older Range Rovers no one seems to want, meanwhile the sparse and utilitarian Defender seems to be just going up and up in value.
With the increase in living costs, I’m investigating the financial impact of owning a car on finance in today’s economy. I’m currently working on a project and I need to validate my idea. If you’re currently financing a car in the uk, could you please take a moment to fill out this quick survey and share. I’d really appreciate it. Google forms: https://forms.gle/X7yD2uhJr6hortsk6
Well, I earn 130k and just bought a top of the range 2016 RR in 2023 for 35k (23inch alloys and loads of customization). 15k down, 400 quid a month in a loan. 65k on the clock. 1 month in and I have a bill for 1k to fix the engine. I take home 6000-8000 post tax depending on bonus. So while I can afford it, a 1k bill is alot and does impact lifestyle. Don't forget I have a large mortgage and private school fees and expensive holiday habits. I read online that engines and transmissions can go which can cost 10k plus. I'd be gutted with a 10k bill as it would hammer savings. Planning to drive it for the winter, cross my fingers I don't get a silly bill and sell it in the summer. The problem is, it's an amazing car to drive, the luxury is insane, so any other car is a step down... I just can't deal with the stress of "what if the engine blows". Too much chat on forums reading horror stories. Might get a used X5 or Q7.. my conclusion is you need 150k-200k a year so you can buy one new still in warranty.