L322 L405 market - I’m sure I’m in the same boat as a lot of you l322 owners?

I’ve had my l322 for 8 years now. Paid £7500 for a LPG’d 4.4 vogue in the perfect spec I was after and while I’ve had my fair share of issues, overall it’s been a loved member of my family and I couldn’t have done without it. In hindsight it was a bargain of car even if I gave it away now but 8 years is a long time with a car.

But as I guess a lot of you are too, I’m tempted to jump into the newer model as time has gone on (read missus says we’ve had it too long and wants something newer) and I’ve been keeping an eye on the classifieds only to see them still commanding strong money over the last few years. For a medium spec, medium mileage 2013 model, £30k is still a lot of money when the l322 pretty much does everything the same for 10-15% of the price. I’m still getting nagged regularly though and there’s going to be a point where I give in and get myself into a bunch of debt for one but my head tells me there’s going to be a huge drop in prices in the next year or two and to keep holding back. Is that the general consensus here?

My thoughts are not only lockdown has now kept prices artificially high, but also the l405 replacement is due anytime soon which will have a knock on effect as all the Chelsea mum’s will offload theirs for a new model and prices drop, but also comparing what I paid for my l322 8 years ago, is it likely we will see £10k l405’s in 2 years time (the same pretty much with inflation) given there’s a 10 year model run on the full fat ranges?

I’d be grateful for some of your thoughts as I’m sure I’m not the only one with this dilemma and I would be kicking myself if I were to loose £10-20k on a range over the period of 2-3 years if my maths are right? It’s pretty much what could be expected of buying one brand new which is obviously food for thought.

I appreciate there will be a lot of l405 owners here which will say it’s still a bargain (fairly so imo) but hoping to hear from l322 owners who are more tight fisted like myself

I am sure others will see it differently but here's my tuppence. I bought the Golden Girl at 8yrs old. That is the age of L405 you are looking at. She was a low mileage, well looked after, one owner from new, example. I got approx 3yrs relayively pain free motoring. I was lucky! I have spent 11yrs, as opposed to your 8yrs, ensuring she has never wanted. She may be wearing the same dress, but underneath? Underneath her Victoria Secrets are almost new in every respect.
Which , in 11yrs, like your 8yrs , means I know exactly who she is and what she is. I know she has never been scrimped on , and apart from Green Oval biteyainthebumness, I know she is a good, no , great example.
Which leads me to the L405. I too have had my eyes stray now and then. However, having seen the issues they came with, right from the start, I was very wary. Then I watched the prices, and cannot find any reason why, an 8yr old L405 is the price it is. At 8yrs old things will need changing, expensive parts will be worn, they will be on 3rd or 4th owner. Owner 3 or possibly 4 will be the one who couldn't afford to maintain it, and you will see that in one form or another. Simply because that is what happens with these vehicles. You know you could be lucky and get two, or three years , relatively inexpensive motoring but you are taking a leap of faith. You have said to buy one you would be taking on debt. Why?! Why take on debt , and more expense to fix what is going to start going wrong on an 8yr old Range Rover, when you have a Range Rover that does everything you need , and you have looked after for all this time?
From where I stand , jumping from an L322 that you have looked after ,to an L405 whose first action is putting you in debt, and you know will bring other severe wallet pain, doesn't make sense
If the Mrs is bored , talk her into a cheaper second car. Maybe a convertible
.

Thanks I totally see your point although there’s certainly similarities when I first started asking about an L332 8 years ago. The same “why ruin your life” and “the last owner must have fixed everything with duct tape” concerns which while likely true, still proved worth it in the end!

Its actually car #4 in my household so I have other options (all more squeakily bum terrifying in all respects with maintenance costs and ball achingly difficult to fix) but I do totally understand where she is coming from. My l332 is certainly far from perfect unlike yours and the l405 do still have an air of newness to them that the l322 is certainly lacking now.

How have you found price decreases over time and do you agree with me that a big drop is likely imminent?

For what is worth, my l322 is costing me more now than probably what an l405 will likely cost over the next few years (bar depreciation which is my main concern). I was also tempted by the dark side I test drove a cayenne and an ML63 today but the range (even my l322) was still far superior in my opinion (and the boss’ too)

I know nowt about range rovers, but do follow disco prices especially last 16 plats D4s, have to say prices are very high for what is after all a very compllicated old car.
As for the future who knows, but a 12/18 mths ago everyone was convinced (incl me) used car prices would fall, but due to lack of new car sales used car prices climbed.

My wife to has said more than once, why not get a newer one? to which I reply what will the 30k D4 do that the 5k D3 does not?

In your shoes I would hang on for a year or two, the thing is going to deprecate like mad anyway, no point in taking a bigger hit on deprecation than you have to.

I agree the L405 'should' drop soon but it hasn't , and I suspect, just like the L322, the parts won't either. Then there is reading what you have plainly stated : there’s going to be a point where I give in and get myself into a bunch of debt for one and depreciation which is my main concern. Both comments scream 'leave well enough alone'.
I'm not sure what age your vehicle is, but as you've had her 8yrs , you must've done a lot of the hard bits. You state even if you gave her away for free, you'd still have had bargain motoring. Only you know your reasons for changing a Range Rover for a 'bunch of debt' inducing, Range Rover. Don't forget the newer the model, the more electrics ,the more expensive the parts and the more expensive to repair, and once these vehicles start to drop in price they continue quite quickly.
I stopped thinking about changing mine, because not only do I love her, but I see no point in starting the merry-go-round all over again.
Anyway, you seem to have given yourself two years to think about it, who knows how you might feel by the time you get there

Two pictures say it all for me. The first a screenshot from a dealer website the other my son snapped of our 16 year old L322 that’s bought and paid for. We’re all drawn to new cars but at £90k a new Range Rover doesn’t make any sense so we look at the used ones. Unfortunately, as stated these are not new and will cost big time if they break outside of warranty. Good luck with the emotional struggle.
Tricky

Tricky of York said:

Two pictures say it all for me. The first a screenshot from a dealer website the other my son snapped of our 16 year old L322 that’s bought and paid for. We’re all drawn to new cars but at £90k a new Range Rover doesn’t make any sense so we look at the used ones. Unfortunately, as stated these are not new and will cost big time if they break outside of warranty. Good luck with the emotional struggle.
Tricky

View attachment 240286 View attachment 240288

Click to expand...

9.9 percent interest.
Buggers wont give me 1/2 of 1 percent interest on my savings!

KILOCHARLIE said:

Thanks I totally see your point although there’s certainly similarities when I first started asking about an L332 8 years ago. The same “why ruin your life” and “the last owner must have fixed everything with duct tape” concerns which while likely true, still proved worth it in the end!

Its actually car #4 in my household so I have other options (all more squeakily bum terrifying in all respects with maintenance costs and ball achingly difficult to fix) but I do totally understand where she is coming from. My l332 is certainly far from perfect unlike yours and the l405 do still have an air of newness to them that the l322 is certainly lacking now.

How have you found price decreases over time and do you agree with me that a big drop is likely imminent?

For what is worth, my l322 is costing me more now than probably what an l405 will likely cost over the next few years (bar depreciation which is my main concern). I was also tempted by the dark side I test drove a cayenne and an ML63 today but the range (even my l322) was still far superior in my opinion (and the boss’ too)

Click to expand...

I just reread this and thought " what!!!?" You could replace almost every part on, respray, and probably drive a few thousand miles with, your L322 before you would hit the £30-40k that is being asked for an L405.
If you are meaning that taking on the debt would be less per month than you are paying to repair your L322, then there are a couple of things. After 8yrs in , your ownership,she should be in good over all condition because you have maintained her well, yes? So get her looked over, and see what she actually needs, before she needs it at the side of a road. Then get it done. After that it's normal running.
The L405 , you are hoping will not need anything expensive not covered by warranty, or once warranty runs out. Which will leave you will the 'debt', plus normal running costs on what is actually an old Range Rover.
Yep, I went there. You will be buying an old Range Rover. You already have an old Range Rover, which owes you nothing.

Tricky of York said:

Two pictures say it all for me. The first a screenshot from a dealer website the other my son snapped of our 16 year old L322 that’s bought and paid for. We’re all drawn to new cars but at £90k a new Range Rover doesn’t make any sense so we look at the used ones. Unfortunately, as stated these are not new and will cost big time if they break outside of warranty. Good luck with the emotional struggle.
Tricky

View attachment 240286 View attachment 240288

Click to expand...

That's MINT.
After 3 failed attempts to have another P38 i decided to buy my L405 Autobiography 1 month ago. I love it. its mint and has 1 owner and full main agent history and has never been skimped on and never will be in my ownership either albeit i will be using a specialist and NOT a main stealer who are both main dealer chaps who had, had enough of main dealer ****e so set up on their own and are very successful at what they do and are highly thought of too on the JLR scene.
I never thought i would go for a newer L405 model but once i saw mine i just fell in love with it and its previous owners TLC for it too. SOLD. LOL.
Like anything in life if it breaks you either fix it or replace it. Simples. No point in living the " oh i wish i had done " life these days. She will also be garaged all the time when not in use so no left outside in the elements.

Quick question for the L405 owners regarding brake caliper set up.
MY brake calipers are bloody huge on my 4.4 TDV8 albeit NOT red in colour like the optional Brembo items. My front calipers are 6 pot though and rears are 4 pot.
My question is, are these the same set up as the 5.0 v8 Range L405????
Reason i ask is i want to either get them painted RED which is one option or buy a set of the MGP caliper covers from USA seller who i have bought a set off in the past for my Chrysler 300c SRT. They were great quality and only took 5 mins to fit per corner once the wheel was off.
Was hoping someone on here owns a 5.0 v8 model for comparison.
Cheers in advance

Second hand car prices here in France are on the up. Why buy a new car that you will not be able to use freely in a few short years time?
In addition new cars are loaded with electronics that few will ever use fully and cannot be fixed when they go wrong.
My next car if there is a next will be old enough to be exempt from the city restrictions so over 35 years old

Caliper covers are awful at the best of times but.. On a Rangerover? Come on..