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Vogue



Member Since: 31 Jan 2008
Location: on the hill
Posts: 3742

United Kingdom 

Anything of that sort of value - no way on earth would I buy privately - it’s just not worth the risk - I know dealers are not perfect, but the trouble with high value private sales is there is absolutely no come backs and they are simply not worth the risk unless the vehicle is very cheap 2021 L405 Vogue SE 4.4 V8 DIESEL ~ #17

Post #705731 29th Nov 2024 7:51pm
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Silverman3012



Member Since: 12 Sep 2015
Location: Reading
Posts: 6

United Kingdom 

Thanks for the interesting trade info. That service history a problem I agree, odd though as the vast majority of RR’s are leased and have the first 2-3 years services at main dealers so maybe a story here. These are complex machines and I would always want evidence of at least regular oils and filters services. Auctions always look tempting but are really for the dealers who are looking for multiple cars on a monthly basis for stock rather than the private punter but I am sure some bargains there if you look. Utube is your friend with plenty of decent car channels these days, some better than others, but no way a replacement for this sort of forum.

So in summary I think

Private sale of pre 2018 facelift - so a 2017/2018 model - SE or Autobiography with average miles and a full service history I would be looking to pay £27-28k for a very good one. Lowest are £25k and highest £32k advertised. Dealers £30-£32k as above with a decent warranty.

Very early 405’s nudging up with top spec 322’s but that’s a whole new other thread !

Post #705761 30th Nov 2024 8:52am
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Scouse Exile



Member Since: 09 Dec 2022
Location: East Midlands
Posts: 321

United Kingdom 2007 Range Rover Vogue TDV8 Buckingham Blue

The lack of recorded services could be simply down to the fact that most information is electronic these days and the auctions don’t bother looking so the information could be a result of some paperwork left in the vehicle or a stamp in the book by a second owner (it has 2). You could establish its history I’m sure and as you say it could very well turn out to have had a full service record.

However, the other warning signs are stacking up. It’s got oil contamination noted on the mechanical report, these can often be totally wrong but you have to expect the worst. The condition report reads like war and peace so it’s been knocked about a bit, from the photos most of it is very minor and nothing a PDR and good paint correction can’t save, and at least two wheels need a refurb. None of this makes it a bad car but potentially costly.

It has a very short MOT left so expect brakes, and some other costly consumables. It’s come to auction through the group of companies that are owned by BCA’s parent, whilst they own Marshall Motor Group the most likely route this car has taken is via We Buy Any Car. This said, the car is offered with BCA’s assured report service which does give some security if there is an undisclosed issue with the vehicle.

It will be interesting to follow this car through its auction and subsequently onto a forecourt somewhere. Once the selling prices are known we can do some number crunching and the reason for the big margins will become apparent.

J

Post #705765 30th Nov 2024 10:36am
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Scouse Exile



Member Since: 09 Dec 2022
Location: East Midlands
Posts: 321

United Kingdom 2007 Range Rover Vogue TDV8 Buckingham Blue

Well the results are in. The car sold for £15,100 plus fees.

Click image to enlarge


So, what does this actually mean for a buyer in the trade.

Hammer Price: £15,100
Fees incl BCA assured: £1,200 (includes various items and may vary by Trader volume)
Delivery: £300

I’m going to guess that there’s £1,500 worth of prep to get it to a decent standard for retail sale, assuming that the “oil contamination” isn’t actually the worst case, then it looks like this:

Total including prep: £18,100.00

Let’s imagine they retail it at £25,000 allowing for the options (which is at the top of its value I’d suggest);

Gives a £6,900 gross margin.

However, the trader will pay VAT (@16.66%) on the difference between the buying price and selling price;

£16,100 (for simplicity) from £25,000 = £8,900 x16.66% =£1,482.74

So the actual net margin the dealer would work with is give or take £5,000

A healthy margin I would agree but as we all know over say a 6 month warranty that could get eaten away quite badly and that assumes the selling price is as strong as I’ve suggested.

It would be interesting if anyone sees this car pop up in the trade and test if the man maths works.

J

Post #705920 2nd Dec 2024 4:38pm
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toby1



Member Since: 24 Mar 2024
Location: West Berkshire
Posts: 130

England 

Yep, I'd go along with that. I bet a third party warranty is a pretty penny too. 2012 Vogue TDV8 in Aintree green

Post #705922 2nd Dec 2024 5:07pm
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JamboM3



Member Since: 28 Jul 2021
Location: Berkshire
Posts: 196

United Kingdom 2017 Range Rover Autobiography SDV8 Santorini Black

Scouse Exile wrote:
Hi, there’s a larger trade margin as there is a much larger risk vs reward at play. The gap is broad as some traders see this as an opportunity to make bigger gains so one has to be even more careful when buying a used vehicle at trade.

Like most luxury purchases it’s past history is critical to knowing its current condition, missing service work, a lack of paperwork, poor condition, cheap tyres, or a general lack of care all point towards a vehicle that has possibly been run on a budget.

Trade prices are generally low for these vehicles but the bills can rack up pretty quick so a £4 or £5k margin on a £20k+ car can evaporate quite suddenly.

J


This is the explanation, perfect Mr Scouse!

Also, the variance in Private sales values is people not understanding the difference between Dealer sales (warranties/come back/Prep) vs. private sales.

Saw a white L405 last year, above dealer price sit there for 7+ months as it was ludicrously priced, if a car is priced right it will sell.

Post #705990 3rd Dec 2024 11:43am
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Zebedee



Member Since: 09 Jun 2016
Location: Cheshire/South Manchester
Posts: 381

United Kingdom 2013 Range Rover Vogue SDV8 Santorini Black

One option could be to buy privately, then take out a warranty with one of the companies like Warranty Wise or Motoreasy. There are sometimes limitations, such as what they cover, but the warranties tend to be about £1000/yr. Current:
- 2017 L405 3.0 V6 Autobiography
Sold:
- 2013 L405 4.4 TDV8 Vogue
- 2004 L322 4.4 Vogue (BRC LPG)
- 2002 L322 4.4 HSE (having fixed timing chain guides)
- 2000 P38 4.6 Vogue (BRC LPG)
- 1981 2-door In-Vogue
- 1980 Ex-Army SIII LWB
- 1976 SIII LWB
- 1968 SIIA
Stripped for parts:
- 2003 L322 4.4 Vogue

Post #705991 3rd Dec 2024 11:57am
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supershuttle



Member Since: 20 Mar 2011
Location: Lancashire
Posts: 3791

England 2013 Range Rover Autobiography SDV8 Luxor

I'm watching this as well, I currently have an SDV8 diesel but I often do short journeys for which it's not ideal - lots of oil changes. So Petrol or electric (P400e) is the conundrum and electric side steps and towbar are a must, what will c.£45k get me in the current climate. Geoff

Post #706014 3rd Dec 2024 2:31pm
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Scouse Exile



Member Since: 09 Dec 2022
Location: East Midlands
Posts: 321

United Kingdom 2007 Range Rover Vogue TDV8 Buckingham Blue

At auction it would get you into a late 2019 car, somewhere between late £20k for a low spec (Vogue) with some miles and in need of a little love to a low mileage autobiography at the mid to upper £30’s

J

Post #706032 3rd Dec 2024 5:54pm
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