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adamfawsitt



Member Since: 12 May 2011
Location: Oxford
Posts: 128

United Kingdom 2017 Range Rover Autobiography SDV8 Carpathian Grey
MY17 depreciation

Has anyone else noticed that MY17 cars seem to be dropping in price like stones - 5 month old AB 4.4 now £87k...

Post #445438 23rd Jul 2017 7:24am
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Alistair



Member Since: 11 Feb 2011
Location: Peterborough / Bordeaux / Andorra
Posts: 7724

United Kingdom 2013 Range Rover Vogue SE SDV8 Santorini Black

Well there's at least 2 on here that have been rejected by their owners and returned - I guess some may still not have had the problems resolved...... and a 5 month old used MY17 would have me assuming it's one of the rejected bunch.......

Post #445450 23rd Jul 2017 8:52am
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AndyS



Member Since: 27 Feb 2016
Location: Lymington, Hampshire
Posts: 395

United Kingdom 

There are a lot of used cars available now so a large choice even for MY17 cars. Also, the dealers discounts, finance deposit contributions will lower the list price dramatically so £87k seems a low price but my car's list price was around £110k but I bought it for £95k so if its worth say £80k after a year then that's not serious depreciation taking into account the typical new car first year depreciation curve is always going to be steep.The prices will continue to soften until something new and sparkly comes along and these new models will hold their value better for sometime but again will start to
drop quite quickly.
Unit a brand new model comes along this depreciation will be harsh for many people but its only a similar % of the purchase price to many other cars it's just the FFRR costs a lot in the first place.

Post #445451 23rd Jul 2017 8:55am
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caymanblack



Member Since: 08 Dec 2015
Location: DEVON
Posts: 1042

United Kingdom 2017 Range Rover Autobiography SDV8 Carpathian Grey

Right as Andy says there where big discount around on these so £87k is probably only around £5k less give and take of what a new one could have been bought for with a good deal.
Plus imo £90k car with a lot a negativity about the fuel.

Post #445455 23rd Jul 2017 9:15am
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Joe90



Member Since: 29 Apr 2010
Location: Hampshire
Posts: 6397

England 

I saw a depreciation chart online somewhere that for the first three years went like this

Year 1 24%
Year 2 20%
Year 3 16%

That's a whopping 64% over three years

Oh, Year 15 ? 0% Thumbs Up .
Experience is the only genuine knowledge, but as time passes, I have forgotten more than I can remember Wink
Volvo V70 P2 2006 2.4 Petrol 170bhp Estate SE
MG Midget Mk1 1962

Previous: L322 Range Rover TDV8 3.6 2008; L322 Range Rover TD6 3.0 2002; P38A Range Rover V8 1999

Post #445469 23rd Jul 2017 10:54am
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Basilfawlty



Member Since: 18 Oct 2015
Location: Cheshire
Posts: 654

England 2016 Range Rover Autobiography SDV8 Corris Grey

If that was correct you'd be getting a three year old 3.0SE with thirty odd thousand miles for £32,000 and that's not happening. I'd suggest the three year mark is that these cars seem to hang on to 60% not 40%

And we need to remember that whatever extras we add to the car just make them easier to sell it doesn't mean they will hang on to a big part of that original cost.

Post #445480 23rd Jul 2017 1:12pm
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Lad



Member Since: 11 Oct 2014
Location: Blackburn
Posts: 284

England 2010 Range Rover Vogue SE TDV8 Santorini Black

Purchase price £100,000 after 3 years price would be £51,000 on those depreciation figures.

Post #445551 23rd Jul 2017 10:27pm
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Basilfawlty



Member Since: 18 Oct 2015
Location: Cheshire
Posts: 654

England 2016 Range Rover Autobiography SDV8 Corris Grey

No on those figures it would be £40,000 after three years

Post #445552 23rd Jul 2017 10:28pm
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Dixy



Member Since: 09 Apr 2009
Location: Somerset
Posts: 1070

2016 Range Rover Vogue SDV8 Loire Blue

The percentages come off the reducing balance. Even so no sane person would consider such costs. letters not necessarily in the right order

Post #445556 24th Jul 2017 6:47am
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Pixelpower



Member Since: 16 Jul 2014
Location: Droitwich
Posts: 203

United Kingdom 2005 Range Rover Vogue Td6 Santorini Black

Lad wrote:
Purchase price £100,000 after 3 years price would be £51,000 on those depreciation figures.


Sounds about right. I paid 80k for mine. Trading it in when it's 3 years old (next March), and expect to get just over 40k, so 50% ish.

Post #445559 24th Jul 2017 9:13am
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Phil.



Member Since: 19 Apr 2010
Location: West Midlands
Posts: 767

United Kingdom 2019 Range Rover Vogue SE SDV8 Santorini Black

50% after 3 years is about right. On a £100k AB I'm expecting something like Y1 £20k, Y2 £15k and Y3 £15k, total £50k ish depreciation. Y3 starts in Sept. MY23 D350 HSE
On my 7th RR plus various other JLR vehicles

Post #445895 26th Jul 2017 9:44pm
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Autobiography



Member Since: 10 May 2011
Location: UK
Posts: 916

2018 Range Rover SVAutobiography 5.0 SC V8 Santorini Black

From experience, the last MY before a facelift always takes the quickest hit.

Post #445935 27th Jul 2017 3:37pm
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