Land Rover Range Rover Velar Depreciation

A Land Rover Range Rover Velar will depreciate 59% after 5 years and have a 5 year resale value of $31,967.

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, 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 $17,738 77.00% $59,385 13,500 2021
2 $25,358 67.12% $51,765 27,000 2022
3 $33,556 56.49% $43,567 40,500 2023
4 $39,927 48.23% $37,196 54,000 2024
5 $45,156 41.45% $31,967 67,500 2025
6 $50,246 34.85% $26,877 81,000 2026
7 $54,310 29.58% $22,813 94,500 2027
8 $57,487 25.46% $19,636 108,000 2028
9 $60,781 21.19% $16,342 121,500 2029
10 $63,465 17.71% $13,658 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $17,738 77.00% $59,385
2 $25,358 67.12% $51,765
3 $33,556 56.49% $43,567
4 $39,927 48.23% $37,196
5 $45,156 41.45% $31,967
6 $50,246 34.85% $26,877
7 $54,310 29.58% $22,813
8 $57,487 25.46% $19,636
9 $60,781 21.19% $16,342
10 $63,465 17.71% $13,658

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 $25,358 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 $19,798. 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 April 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.