Land Rover Discovery Depreciation
A Land Rover Discovery will depreciate 57% after 5 years and have a 5 year resale value of $27,196.
The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $63,705 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.
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Land Rover Discovery Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $13,900 | 78.18% | $49,805 | 13,500 | 2021 |
| 2 | $19,850 | 68.84% | $43,855 | 27,000 | 2022 |
| 3 | $25,934 | 59.29% | $37,771 | 40,500 | 2023 |
| 4 | $32,343 | 49.23% | $31,362 | 54,000 | 2024 |
| 5 | $36,509 | 42.69% | $27,196 | 67,500 | 2025 |
| 6 | $40,930 | 35.75% | $22,775 | 81,000 | 2026 |
| 7 | $44,256 | 30.53% | $19,449 | 94,500 | 2027 |
| 8 | $46,142 | 27.57% | $17,563 | 108,000 | 2028 |
| 9 | $48,288 | 24.20% | $15,417 | 121,500 | 2029 |
| 10 | $50,403 | 20.88% | $13,302 | 135,000 | 2030 |
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $13,900 | 78.18% | $49,805 |
| 2 | $19,850 | 68.84% | $43,855 |
| 3 | $25,934 | 59.29% | $37,771 |
| 4 | $32,343 | 49.23% | $31,362 |
| 5 | $36,509 | 42.69% | $27,196 |
| 6 | $40,930 | 35.75% | $22,775 |
| 7 | $44,256 | 30.53% | $19,449 |
| 8 | $46,142 | 27.57% | $17,563 |
| 9 | $48,288 | 24.20% | $15,417 |
| 10 | $50,403 | 20.88% | $13,302 |
If you purchase a used Land Rover Discovery that is 2 years old, then you could save $19,850 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $16,659. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Discovery models become available.
About Our Data and "Useful Lifespan"
We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.
While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
If you would like to know more about our data and process, check out our FAQ here.
