Home > General > Bottom dropped out of market? |
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JayGee Member Since: 27 Jul 2021 Location: London Posts: 3241 |
L405's have plumeted in price due mainly to the prohibitive cost of insurance which has now put them in reach of the previous RR enthusiasts who could only afford the L322 so this must have depressed L322 values esp as the insurers don't seem to regard the L322 as less of a risk despite it not having keyless entry. 2012 TDV8 Vogue (L322) |
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27th Apr 2024 9:34am |
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Mick Chagger Member Since: 13 Sep 2022 Location: London Posts: 6 |
It does amaze me how at least a couple of dealers advertise the most expensive L322's in the country, by charging anything like up to £10,000 more for one of their cars, compared to the majority of L322's being sold on e.g. Autotrader.
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27th Apr 2024 12:08pm |
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Mikey Member Since: 10 Jan 2008 Location: Dundee Posts: 1764 |
Starting to see the effects of it here now
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27th Apr 2024 12:41pm |
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JayGee Member Since: 27 Jul 2021 Location: London Posts: 3241 |
Likley they have a lot of stock that was bought at the peak of the market. 2012 TDV8 Vogue (L322) |
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27th Apr 2024 1:09pm |
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AndyRoo Member Since: 06 Dec 2023 Location: Gloucester Posts: 564 |
It's not just Range Rovers, I recently spent a while at a mates dealership and he was having to drop the price of a perfect Bentley Continental, 2 door 6.0 GT, Black, cream interior, that just wasn't shifting. To say spotless is a gross understatement and every extra you could think of.
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27th Apr 2024 1:51pm |
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Mick Chagger Member Since: 13 Sep 2022 Location: London Posts: 6 |
[/quote]
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27th Apr 2024 3:36pm |
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dhallworth Member Since: 10 Oct 2011 Location: Glasgow Posts: 3098 |
Wow! Where did you see that? I'd probably be sleeping in it by now if I'd seen it Edit - Just looked on Autotrader - Wow... they're really dropped recently! 2002 4.6 Vogue SE - Alveston Red with Lightstone Leather 2007 Range Rover Supercharged in Java Black with Ivory Leather 2012 Range Rover 5.0 SC Autobiography in Indus Silver with Jet/Ivory Interior 2012 Range Rover 4.4 TDV8 Autobiography in Baltic Blue with Sand Interior |
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30th Apr 2024 9:00pm |
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AndyRoo Member Since: 06 Dec 2023 Location: Gloucester Posts: 564 |
Hi, there are loads of Bentley W12 6.0 GT Speeds on Autotrader, this the sweet spot, with less than 80,000 miles on them and be sure there is a deal to be had if you walk in with cash.
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1st May 2024 10:42am |
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toby1 Member Since: 24 Mar 2024 Location: West Berkshire Posts: 148 |
It's a good time to buy IMO. |
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1st May 2024 11:02am |
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AndyRoo Member Since: 06 Dec 2023 Location: Gloucester Posts: 564 |
As I wrote in a parallel thread on 405 vs 322:
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1st May 2024 11:13am |
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Kev the Rev Member Since: 07 Jan 2024 Location: Ripon Posts: 37 |
I looked at that cheapest RRAB when it was £14.5k, it said full service history but it had no service history, not even a single service invoice that he said he had done, and it had a
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1st May 2024 8:05pm |
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alanm_3 Member Since: 19 Feb 2011 Location: my House, unless I’m not at home, in which case I’m somewhere else. Posts: 6729 |
As well as insurance concerns, ULEZ regulations are also having an effect. Only petrol L322s are compliant, so anyone looking at diesel 405s are more than likely wanting a ULEZ 6 model from MY15 onwards and I don’t see these falling quite so fast as non ULEZ cars. Got - 2017 SDV8 Autobiography in Loire Blue
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2nd May 2024 7:53am |
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SS.Lyria Member Since: 01 Dec 2016 Location: London Posts: 246 |
Values will probably plummet even further when newer RR’s start reaching the end of their PCP agreements. GFV’s would have been set very optimistically a few years ago. The market will be flooded with cars when the GFV is significantly higher than the PX being offered |
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2nd May 2024 12:54pm |
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Dolphinboy Member Since: 07 Dec 2009 Location: Bristol Posts: 3161 |
I hope so. Gonna keep my L322 for a while longer and then get a 460 when they come down to £65-70k. They are already down to c. £80k for lower models (SE).
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2nd May 2024 12:59pm |
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