Land Rover Range Rover Velar Depreciation

A Land Rover Range Rover Velar will depreciate 58% after 5 years and have a 5 year resale value of $32,746.

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. It also assumes a selling price of $77,123 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Land Rover Range Rover Velar.

Land Rover Range Rover Velar Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $16,982 77.98% $60,141 13,500 2021
2 $24,232 68.58% $52,891 27,000 2022
3 $31,566 59.07% $45,557 40,500 2023
4 $39,325 49.01% $37,798 54,000 2024
5 $44,377 42.46% $32,746 67,500 2025
6 $49,737 35.51% $27,386 81,000 2026
7 $53,755 30.30% $23,368 94,500 2027
8 $56,061 27.31% $21,062 108,000 2028
9 $58,683 23.91% $18,440 121,500 2029
10 $61,220 20.62% $15,903 135,000 2030

Land Rover Range Rover Velar Depreciation

Years Old Depreciation Residual Value Resale Value
1 $16,982 77.98% $60,141
2 $24,232 68.58% $52,891
3 $31,566 59.07% $45,557
4 $39,325 49.01% $37,798
5 $44,377 42.46% $32,746
6 $49,737 35.51% $27,386
7 $53,755 30.30% $23,368
8 $56,061 27.31% $21,062
9 $58,683 23.91% $18,440
10 $61,220 20.62% $15,903

Land Rover Range Rover Velar Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Land Rover Range Rover Velar that is 2 years old, then you could save $24,232 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 $20,145. 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 Range Rover Velar models become available.

Considering financing? Try our Land Rover Range Rover Velar Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down.

Land Rover Range Rover Velar Review

Land Rover Range Rover Velar Photos

Our Favorite Land Rover Range Rover Velar Photo

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 . 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.