You Could Lose More Than $101,000 Simply by Owning This SUV for a Year | Carscoops

      The winning bid of $180,000 could actually position this ultra-luxury SUV as a valuable purchase for the buyer.

      The original owner suffered a loss of over $101,000 on a one-year-old Range Rover SV Signature Suite, as its depreciation rivals that of exotic cars, making this SUV an unexpected contender in the used luxury market.

      This premier model comes equipped with massage seats, rear entertainment screens, and storage for champagne flutes.

      Imagine losing over $17 for every mile you drive your vehicle. That’s essentially what the recent driver and former owner of this 2024 Land Rover Range Rover SV experienced. They paid $281,410 for it new and sold it for $180,000 after just a year and 7,000 miles. It may sound absurd, but this could actually be a fantastic deal when looking at competitors in this segment.

      This is not just any Land Rover Range Rover; it’s the flagship SV LWB P615 Signature Suite variant. Remember, the base Range Rover has a starting price over $100,000, while the SV begins at more than double that amount.

      The SV is a new trim for 2024 and represents the top of the Range Rover line. The LWB indicates that this is the long-wheelbase version, which is important because we recently tested the short-wheelbase variant, and the additional second-row space is something we desired. Moreover, the positive aspects of this particular example keep adding up.

      The P615 designation indicates that this Range Rover is powered by a 606-hp twin-turbocharged V8 engine. The Signature Suite option allowed the owner to fully customize the interior, opting to remove the third row entirely in favor of an opulent second-row setup with captain's chairs, complete with heating, ventilation, massage features, and power adjustments.

      The rear center console includes its own storage for champagne flutes. Each rear-seat passenger enjoys a 13.1-inch entertainment screen in front of them, along with their own wireless headphones, allowing them to watch different media than what’s playing elsewhere in the vehicle. There’s even a retractable table for the rear seats, enabling executives to work or children to complete their homework.

      Overall, this seems to be quite the bargain, despite the high price tag. Other luxury vehicles in this category carry brands like Rolls-Royce and Bentley. While some of those can be found at comparable prices on the second-hand market, most are significantly older and lack modern features. Nonetheless, the amount paid remains substantial, and the seller's loss due to depreciation is considerable, regardless of perspective.