Land Rover Range Rover Velar Depreciation

A Land Rover Range Rover Velar will depreciate 57% after 5 years and have a 5 year resale value of $32,924.

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 $77,123 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.

Land Rover Range Rover Velar Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $16,828 78.18% $60,295 13,500 2021
2 $24,032 68.84% $53,091 27,000 2022
3 $31,397 59.29% $45,726 40,500 2023
4 $39,155 49.23% $37,968 54,000 2024
5 $44,199 42.69% $32,924 67,500 2025
6 $49,552 35.75% $27,571 81,000 2026
7 $53,577 30.53% $23,546 94,500 2027
8 $55,860 27.57% $21,263 108,000 2028
9 $58,459 24.20% $18,664 121,500 2029
10 $61,020 20.88% $16,103 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $16,828 78.18% $60,295
2 $24,032 68.84% $53,091
3 $31,397 59.29% $45,726
4 $39,155 49.23% $37,968
5 $44,199 42.69% $32,924
6 $49,552 35.75% $27,571
7 $53,577 30.53% $23,546
8 $55,860 27.57% $21,263
9 $58,459 24.20% $18,664
10 $61,020 20.88% $16,103

Land Rover Range Rover Velar Depreciation Calculator

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If you purchase a used Land Rover Range Rover Velar that is 2 years old, then you could save $24,032 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 $20,167. 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.

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 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.