by Luxurious Range Rover SV lost over $100,000 in value in a year
The former owner of this 2024 Range Rover SV purchased it for $281,410, and after a year and only 7,000 miles, sold it for $180,000. This means they lost approximately $17 for every mile driven. While the amount seems enormous, for this market segment, it could be a good deal.
This is not an ordinary Range Rover—it is the top-tier SV LWB P615 Signature Suite version. The base Range Rover starts at $100,000, but this model is twice as expensive. It is equipped with a powerful 606-horsepower twin-turbocharged V8 engine.
Luxury in every detail
The owner opted for a configuration with luxurious second-row captain’s seats featuring heating, ventilation, and massage functions. The interior includes a dedicated champagne compartment, two 13.1-inch entertainment screens for rear passengers with wireless headphones, and a folding table for work or study.
Despite significant depreciation losses, this Range Rover SV remains an attractive market proposition. Vehicles of a similar class from Rolls-Royce or Bentley at this price typically have much more age and outdated technology. However, even for the premium segment, a $100,000 loss in one year is a substantial amount.
Cases like this demonstrate how quickly even the most exclusive cars can lose value. This is especially noticeable in the first few years of ownership when depreciation is most intense. For potential buyers of such vehicles, this could be a great opportunity to acquire a luxurious car at a significantly lower price than at a dealership.
