Evening all

I've had my 4.4 SDV8 autobiography for 1 year now and i've only done 7k, with all the bad press about Derv i thought i would see what its worth. I contacted my dealer and they gave me a price of 62k this means I've lost 38k in a year surely this cant be right.
Anyone else looking to get out of a Diesel car.

Are we going to get hammered on tax for having a Euro 6 car and will they keep dropping like stones

Jay 2020 Porsche Panamera Turbo Hybrid (V FAST)
2017 Range Rover Autobiography 5.0 V8
2018 JCW Mini Cooper
2018 Skoda VRS

Last edited by JAYBOY on 29th Nov 2017 8:50pm. Edited 1 time in total

that loss is roughly a third of the original price , wow.... ... - .- -.




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Yep, I paid 99k for it one year ago and 7000 miles  2020 Porsche Panamera Turbo Hybrid (V FAST)
2017 Range Rover Autobiography 5.0 V8
2018 JCW Mini Cooper
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Last of the 16 MY or first of the 17MY?

I suspect 17MY would be retailing mid £75k+ and the old duffer 16MY about £65k. Stealers want around £10k margin on a straight buy in so I'd suggest they are about right.
Talking to my local Bentley dealer they confirmed that Range Rover's have recently taken a big residual hit because A: There's loads around these days as LR have churned them out relentlessly and B: The facelift is due out imminently.
Lots of us are going to take a big bath I'm afraid unless you're in for the long run. I'm on my 4th in 4 years so maybe time to change tactics
I don't believe the Diesel is the issue here as Euro 6 cars aren't the one's being targeted. It's all the old crap chucking clouds of obnoxious fumes etc from their exhausts.

If you look at the Pendragon (Stratstone) profit warning announcement on their website (or London Stock Exchange site) you will see that one of the things they plan to do to get back to better profitability is to rebase the cost of their second hand stock (i.e. pay less for it as it is too expensive and they are not getting it away as they would like). This will be partly about diesel, but also about the banks tightening up on motor finance under Bank of England pressure and buyer fatigue after many years of rising sales, plus in the case of the 405 the fact there is the MY18 facelift. Only Range Rovers since 1988

Andy

I think you're right. in for the long haul or get out now  2020 Porsche Panamera Turbo Hybrid (V FAST)
2017 Range Rover Autobiography 5.0 V8
2018 JCW Mini Cooper
2018 Skoda VRS

The OP got my interest piqued.

Just been on the configurator and built an AB 4.4, standard spec pretty much but added “normal” extras which took the car to £108k. A 2018 spec car of course.

But then at the end did a finance quote for it and after 12 months, and 10,000 miles it gave a balloon payment of £65,800 .

So it looks on the face of it that a loss of £38k in year 1 is pretty well aligned with JLR own view on likely value....

A bit scary as I’ve got a 2018 4.4 AB on order ...

It's very scary. I have a ballon of 40k after three years on mine, I've already lost 40k ish after a year so probably worth keeping it for anther 2 years and just giving it back, I cant lose any more on it.
It may only be worth 25k after 3 years but that will Landrover's problem.
I'm sure they gave me a guarantied 40k after 3 years but i will check in the morning.

They have found me another car but I won't commit unless they will give me 75K for mine on the part Ex. Looks like I'm staying in a not so popular 4.4 Diesel

You shouldn't lose 40k in a year on a prestigious brand as a Range rover.
Its down to all of these new so called Range Rovers (EWOKS ETC)
It damaging the Brand 2020 Porsche Panamera Turbo Hybrid (V FAST)
2017 Range Rover Autobiography 5.0 V8
2018 JCW Mini Cooper
2018 Skoda VRS

Last edited by JAYBOY on 29th Nov 2017 9:58pm. Edited 1 time in total

CS wrote:

If you look at the Pendragon (Stratstone) profit warning announcement on their website (or London Stock Exchange site) you will see that one of the things they plan to do to get back to better profitability is to rebase the cost of their second hand stock (i.e. pay less for it as it is too expensive and they are not getting it away as they would like). This will be partly about diesel, but also about the banks tightening up on motor finance under Bank of England pressure and buyer fatigue after many years of rising sales, plus in the case of the 405 the fact there is the MY18 facelift.

I also cant see how Land Rover can over me 62k and be advertising the same cars on their web site for 75-87K.
Its just not right

Especially when a lot of us have been very loyal to the brand for many many years.

It makes me mad 2020 Porsche Panamera Turbo Hybrid (V FAST)
2017 Range Rover Autobiography 5.0 V8
2018 JCW Mini Cooper
2018 Skoda VRS

JAYBOY wrote:

Andy

I think you're right. in for the long haul or get out now

Expensive car, lots of supply = depreciation.

Next one 2021 from the sound of it.

JAYBOY wrote:

I also cant see how Land Rover can over me 62k and be advertising the same cars on their web site for 75-87K.
Its just not right

Especially when a lot of us have been very loyal to the brand for many many years.

It makes me mad

I do sympathise with you buying new and seemingly losing so much value but I think it’ll level out a lot better than you fear.

Personally I buy nearly new, rather than brand new when I’m buying expensive cars as the depreciation curve is at its most precipitous when brand new.

Yes the residuals were rock solid for 12 or 18 months from new and they are sliding a little now but that is exactly the way it always works with this type of car. Look at the new Discovery. For the past twelve months there has been no reason whatsoever, (save for getting in one and avoiding the wait) to buy a used car and it’s only now that prices are starting to get to a level where someone like me would even consider one second hand. Only a month or so ago these cars were selling for list price, when adjusted for available discount.

The only way to protect your money when buying big, expensive SUV’s is to buy something that doesn’t cost much in the first place but life is too short for that.

I recently purchased a 2014 3.0AB on PCP with a GFV of only £12k less than I paid for it over two years This was with Alphera Finance rather than with LR finance which was a whopping loss of £20K over the same period.

£500 a month depreciation I can live with all day but £3,000 Jayboy, that is mental.

I still get the same warranty just not that new car smell and pick of spec but with so many available the only thing I compromised on was privacy glass.

But if you can afford it then why the hell not buy new.