The Depreciation Loss on This 4K-Mile Range Rover Is Sufficient to Purchase a New Defender | Carscoops

      We certainly don't feel envious of the initial owner of this equipped Range Rover P530 Autobiography LWB, who experienced significant financial loss after just one year.

      The Range Rover P530 comes with a 4.4-liter twin-turbo V8 engine that delivers 523 hp and 553 lb-ft of torque.

      This luxurious SUV had an initial price tag of $191,520. It is loaded with features, including an $8,540 Flux Silver paint job.

      Some automotive brands are infamous for their rapid depreciation, and luxury vehicles from Germany and Britain are among the most affected. For example, the 2024 Range Rover P530 Autobiography LWB has lost an astonishing $56,520 in value within just one year and 4,900 miles (7,885 km).

      In the realm of high-end luxury SUVs, Range Rovers have a dedicated fan base. While JLR’s models may not have been celebrated for their reliability in the past, few SUVs command attention on the road quite like a Range Rover. This Autobiography LWB stands out as one of the best in its class, with an initial price of $170,400. With more than $15,000 in added features, the total cost reaches an impressive $191,520.

      The most expensive feature is the Flux Silver paint finish, costing $8,540. Other options include $5,600 deployable side steps, 23-inch diamond-turned wheels, a $1,000 shadow exterior package, a $350 heated windshield, and $1,150 Ebony Near-Aniline leather seating. Given its minimal mileage and that it was purchased only in March 2024, it naturally appears brand new.

      Although the owner likely enjoyed driving this extended-wheelbase SUV, the $56,520 depreciation is bound to be disappointing. To put it in perspective, that amount is enough to purchase a brand-new base Land Rover Defender 90, which starts at $56,900.

      As a P530 variant, this Range Rover features a 4.4-liter twin-turbo V8 engine producing 523 hp and 553 lb-ft (750 Nm) of torque, which is delivered to all four wheels via an eight-speed automatic transmission.

      While the new owner may feel they've secured a deal at the Cars&Bids online auction, this SUV’s value is far from reaching its lowest point. Older Range Rover Autobiography models are currently selling for between $20,000 and $30,000, and it’s likely this one will also fall within a similar range in the first half of the next decade.

      If this option seems appealing, keep in mind that maintenance costs will reflect the vehicle’s original premium price, indicating they can be quite high. If you believe you can manage these costs, feel free to proceed if your finances allow; otherwise, you might consider a Toyota RAV4 or Honda CR-V, both of which are mainstream SUVs that won’t leave you financially strained if issues arise.