I have been debating over and over (and spent Saturday test driving) full-size RR S/C models. I am sold on the full size, though only hesitate as a result of the atrocious depreciation. Throw into that the 2013 models being a redesign and coming available in November of 2012 and I started to wonder how that may affect pricing.

Currently a 2008 RR S/C with 30k miles sells for in the $55k ballpark retail. Edmunds has the expected depreciation at $8k this year not factoring in the redesign. Do you think I could expect the same 2008 to sell for $40k after the release of the 2013 (8 months from now)?

I know there are many cars where the new model isn't hyped and doesn't drive trade-ins, however I feel like the Range Rover name and the "status" it carries would lead everyone to want the newest and greatest.

Do you all think that it would be smarter to wait as the value will fall off a cliff with the redesign or will it remain on the same depreciation curve despite the redesign?

Jack

 

Yes definitely. They will easily be in the 40s

 

Plan on the new one someplace between January and March.

 

Even without the re-design, they will be in the $40s ($55-$8k = $47k)...my question to you all would be do you think the new model would accelerate depreciation on the order of $13-$14k (as opposed to the typical $8k) such that values in the Fall (or using Eric's info below of January) would be closer to $40-$42k??

Thank you for the info. Not exactly what I wanted as that would mean I am waiting another 3 months to benefit from the redesign. It's hard to avoid being impulsive and just pull the trigger now despite all that I know will take place in the coming year to drive down value over and above the "usual depreciation curve".

 

We've been talking to the trade on this exact subject, and the feeling is that, if anything, the new RR could actually firm up prices on the current models.

That's because (at least here in the UK) the new Range Rover will start at £100k - 50% up on the current model - putting it beyond the means of a lot of the current customer demographic. That's expected to make the current model a lot more appealing as a s/h buy as buyers who couldn't afford the new 2013 model buy in to the s/h market instead of buying new.

 

I would think you will not see a big impact on a 2007-2009 Range Rover. I would be more concerned with buying a 2012 right now and wanting out next year.

 

Interesting point of view to consider, though I am not sure our market for RRs is precisely the same as yours in the UK. I did consider that there will be some buyers waiting on the sidelines for the 2014 model in order to avoid the bugs inherent in the 1st model year and therefore values wouldn't immediately be affected by the 2013 release.

Very true. The guy at my dealer said he imagines they will have a good deal of rebates on the 2012 model when the 2013 comes out, but to me, buying a 2012 now would seem like a mistake.

 

take a lease and let the dealer handle the possible dunk in resale value

 

I prefer to buy instead of lease, though if I were interested in a 2012 (despite the 2013 imminent arrival), I think the lease would certainly be the better bet. However seeing as how the 2008 is the model in question...not really apples:apples.

 

I'll actually piggy back on what Dox said. Your 08 would be fine, assuming you get the 13. But when used redesigns start coming on the market is when it'll really affect the previous body style.

same thing is happening with the new 991/997. 2012 997 pricing will be in jeapordy as people will want the new 991- but 06/07/08/09 even maybe 10 997 prices will remain stable.

Once the 991's start coming on to the secondary market, then the 997 values will slide a bit.

Hope that clears things up.