Land Rover Range Rover Velar Depreciation

A Land Rover Range Rover Velar will depreciate 47% after 5 years and have a 5 year resale value of $35,723.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $67,301 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 Calculator

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Land Rover Range Rover Velar Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,462 93.37% $62,839 12,000 2022
2 $13,958 79.26% $53,343 24,000 2023
3 $19,080 71.65% $48,221 36,000 2024
4 $23,232 65.48% $44,069 48,000 2025
5 $31,578 53.08% $35,723 60,000 2026
6 $37,837 43.78% $29,464 72,000 2027
7 $40,791 39.39% $26,510 84,000 2028
8 $43,631 35.17% $23,670 96,000 2029
9 $46,592 30.77% $20,709 108,000 2030
10 $48,941 27.28% $18,360 120,000 2031

Land Rover Range Rover Velar Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,462 93.37% $62,839
2 $13,958 79.26% $53,343
3 $19,080 71.65% $48,221
4 $23,232 65.48% $44,069
5 $31,578 53.08% $35,723
6 $37,837 43.78% $29,464
7 $40,791 39.39% $26,510
8 $43,631 35.17% $23,670
9 $46,592 30.77% $20,709
10 $48,941 27.28% $18,360

Buying a Land Rover Range Rover Velar New vs Used

If you purchase a used Land Rover Range Rover Velar that is 2 years old, then you could save $13,958 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 $17,620. 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.

What About Land Rover Range Rover Velar Insurance Costs?

The average cost to insure a Land Rover Range Rover Velar is about $2,411 per year. This adds up to around $12,055 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Land Rover Range Rover Velar. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

Land Rover Range Rover Velar Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Land Rover Range Rover Velar ranks for Depreciation compared to other vehicles. Also check out how the Range Rover Velar stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Land Rover Range Rover Velar Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Land Rover Range Rover Velar costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: